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.

Estée Lauder Cos. Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Current debt	997)	268)	32)	1,222)	516)	183)
Accounts payable	1,670)	1,822)	1,692)	1,177)	1,490)	1,182)
Current operating lease liabilities	357)	365)	379)	375)	—)	—)
Employee compensation	546)	693)	670)	424)	574)	579)
Accrued sales incentives	321)	278)	—)	—)	—)	—)
Deferred revenue	323)	312)	322)	222)	314)	33)
Other	2,026)	2,077)	2,203)	1,759)	1,711)	1,333)
Other accrued liabilities	3,216)	3,360)	3,195)	2,405)	2,599)	1,945)
Current liabilities	6,240)	5,815)	5,298)	5,179)	4,605)	3,310)
Long-term debt, excluding current maturities	7,117)	5,144)	5,537)	4,914)	2,896)	3,361)
Long-term operating lease liabilities	1,698)	1,868)	2,151)	2,278)	—)	—)
Other noncurrent liabilities	1,943)	1,651)	2,037)	1,448)	1,244)	1,186)
Noncurrent liabilities	10,758)	8,663)	9,725)	8,640)	4,140)	4,547)
Total liabilities	16,998)	14,478)	15,023)	13,819)	8,745)	7,857)
Redeemable noncontrolling interest	832)	842)	857)	—)	—)	—)
Common stock, $.01 par value	6)	6)	6)	6)	6)	6)
Paid-in capital	6,153)	5,796)	5,335)	4,790)	4,403)	3,972)
Retained earnings	13,991)	13,912)	12,244)	10,134)	9,984)	9,040)
Accumulated other comprehensive loss	(934)	(762)	(470)	(665)	(563)	(434)
Treasury stock, at cost	(13,631)	(13,362)	(11,058)	(10,330)	(9,444)	(7,896)
Stockholders’ equity, The Estée Lauder Companies Inc.	5,585)	5,590)	6,057)	3,935)	4,386)	4,688)
Noncontrolling interests	—)	—)	34)	27)	25)	22)
Total equity	5,585)	5,590)	6,091)	3,962)	4,411)	4,710)
Total liabilities, redeemable noncontrolling interest and equity	23,415)	20,910)	21,971)	17,781)	13,156)	12,567)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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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.	Estée Lauder Cos. 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.	Estée Lauder Cos. 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.	Estée Lauder Cos. Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Stockholders’ equity, The Estée Lauder Companies Inc.	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.	Estée Lauder Cos. Inc. stockholders’ equity, The Estée Lauder Companies Inc. decreased from 2021 to 2022 and from 2022 to 2023.

Estée Lauder Cos. Inc. (NYSE:EL)

Balance Sheet: Liabilities and Stockholders’ Equity