Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

PepsiCo Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Short-term debt obligations	6,510)	3,414)	4,308)	3,780)	2,920)
Accounts payable	11,635)	10,732)	9,834)	8,853)	8,013)
Accrued marketplace spending	3,523)	3,637)	3,087)	2,935)	2,765)
Accrued compensation and benefits	2,687)	2,519)	2,324)	2,059)	1,835)
Dividends payable	1,767)	1,610)	1,508)	1,430)	1,351)
Current operating lease liabilities	556)	483)	446)	460)	442)
Other current liabilities	4,969)	4,390)	3,960)	3,855)	3,135)
Accounts payable and other current liabilities	25,137)	23,371)	21,159)	19,592)	17,541)
Liabilities held for sale	—)	—)	753)	—)	—)
Current liabilities	31,647)	26,785)	26,220)	23,372)	20,461)
Long-term debt obligations, excluding current maturities	37,595)	35,657)	36,026)	40,370)	29,148)
Deferred income taxes	3,895)	4,133)	4,826)	4,284)	4,091)
Other liabilities	8,721)	8,339)	9,154)	11,340)	9,979)
Noncurrent liabilities	50,211)	48,129)	50,006)	55,994)	43,218)
Total liabilities	81,858)	74,914)	76,226)	79,366)	63,679)
Common stock, par value 1⅔¢ per share	23)	23)	23)	23)	23)
Capital in excess of par value	4,261)	4,134)	4,001)	3,910)	3,886)
Retained earnings	70,035)	67,800)	65,165)	63,443)	61,946)
Accumulated other comprehensive loss	(15,534)	(15,302)	(14,898)	(15,476)	(14,300)
Repurchased common stock, in excess of par value	(40,282)	(39,506)	(38,248)	(38,446)	(36,769)
Total PepsiCo common shareholders’ equity	18,503)	17,149)	16,043)	13,454)	14,786)
Noncontrolling interests	134)	124)	108)	98)	82)
Total equity	18,637)	17,273)	16,151)	13,552)	14,868)
Total liabilities and equity	100,495)	92,187)	92,377)	92,918)	78,547)

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	PepsiCo Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	PepsiCo Inc. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	PepsiCo Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total PepsiCo common shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	PepsiCo Inc. total PepsiCo common shareholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

PepsiCo Inc. (NASDAQ:PEP)

Balance Sheet: Liabilities and Stockholders’ Equity