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.

Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	5,468)	5,590)	5,307)	4,602)	3,517)
Accrued marketing expenses	3,092)	2,870)	2,778)	2,830)	1,930)
Accrued compensation	1,391)	1,394)	1,087)	1,051)	609)
Contingent consideration liability	6,126)	—)	—)	—)	—)
Other accrued expenses	5,638)	5,631)	6,577)	6,136)	5,089)
Accounts payable and accrued expenses	21,715)	15,485)	15,749)	14,619)	11,145)
Loans and notes payable	1,499)	4,557)	2,373)	3,307)	2,183)
Current maturities of long-term debt	648)	1,960)	399)	1,338)	485)
Accrued income taxes	1,387)	1,569)	1,203)	686)	788)
Current liabilities	25,249)	23,571)	19,724)	19,950)	14,601)
Long-term debt, excluding current maturities	42,375)	35,547)	36,377)	38,116)	40,125)
Other noncurrent liabilities	4,084)	8,466)	7,922)	8,607)	9,453)
Deferred income tax liabilities	2,469)	2,639)	2,914)	2,821)	1,833)
Noncurrent liabilities	48,928)	46,652)	47,213)	49,544)	51,411)
Total liabilities	74,177)	70,223)	66,937)	69,494)	66,012)
Common stock, $0.25 par value	1,760)	1,760)	1,760)	1,760)	1,760)
Capital surplus	19,801)	19,209)	18,822)	18,116)	17,601)
Reinvested earnings	76,054)	73,782)	71,019)	69,094)	66,555)
Accumulated other comprehensive loss	(16,843)	(14,275)	(14,895)	(14,330)	(14,601)
Treasury stock, at cost	(55,916)	(54,535)	(52,601)	(51,641)	(52,016)
Equity attributable to shareowners of The Coca-Cola Company	24,856)	25,941)	24,105)	22,999)	19,299)
Equity attributable to noncontrolling interests	1,516)	1,539)	1,721)	1,861)	1,985)
Total equity	26,372)	27,480)	25,826)	24,860)	21,284)
Total liabilities and equity	100,549)	97,703)	92,763)	94,354)	87,296)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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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.	Coca-Cola Co. current liabilities increased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Coca-Cola Co. noncurrent liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 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.	Coca-Cola Co. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
Equity attributable to shareowners of The Coca-Cola Company	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.	Coca-Cola Co. equity attributable to shareowners of The Coca-Cola Company increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Liabilities and Stockholders’ Equity