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.

LyondellBasell Industries N.V., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Current maturities of long-term debt	5)	2)	2)	4)	4)
Short-term debt	885)	68)	594)	353)	346)
Trade	2,560)	2,258)	2,028)	1,627)	2,239)
Related parties	527)	637)	501)	555)	825)
Accounts payable	3,087)	2,895)	2,529)	2,182)	3,064)
Payroll and benefits	534)	442)	334)	415)	426)
Renewable identification numbers	72)	130)	136)	322)	223)
Product sales rebates	163)	166)	147)	165)	187)
Taxes other than income taxes	186)	199)	177)	217)	187)
Income taxes	16)	386)	311)	319)	153)
Interest	154)	151)	142)	132)	111)
Share repurchases	—)	—)	21)	45)	85)
Deferred revenues	128)	61)	22)	57)	73)
Other	283)	277)	125)	138)	109)
Accrued liabilities	1,536)	1,812)	1,415)	1,810)	1,554)
Deferred income taxes	—)	—)	—)	—)	469)
Current liabilities	5,513)	4,777)	4,540)	4,349)	5,437)
Long-term debt, excluding current maturities	8,497)	8,549)	8,385)	7,671)	6,757)
Other liabilities	1,897)	2,275)	2,113)	2,036)	2,122)
Deferred income taxes	1,975)	1,655)	2,331)	2,127)	1,623)
Noncurrent liabilities	12,369)	12,479)	12,829)	11,834)	10,502)
Total liabilities	17,882)	17,256)	17,369)	16,183)	15,939)
Redeemable non-controlling interests	116)	—)	—)	—)	—)
Ordinary shares, €0.04 par value	22)	31)	31)	31)	31)
Additional paid-in capital	7,041)	10,206)	10,191)	10,202)	10,387)
Retained earnings	6,763)	15,746)	12,282)	9,841)	6,775)
Accumulated other comprehensive loss	(1,363)	(1,285)	(1,511)	(1,438)	(1,026)
Treasury stock, at cost	(2,206)	(15,749)	(14,945)	(12,086)	(7,853)
Total Company share of stockholders’ equity	10,257)	8,949)	6,048)	6,550)	8,314)
Non-controlling interests	23)	1)	25)	24)	30)
Total equity	10,280)	8,950)	6,073)	6,574)	8,344)
Total liabilities, redeemable non-controlling interests and equity	28,278)	26,206)	23,442)	22,757)	24,283)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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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.	LyondellBasell Industries N.V. current liabilities increased from 2016 to 2017 and from 2017 to 2018.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	LyondellBasell Industries N.V. noncurrent liabilities decreased from 2016 to 2017 and from 2017 to 2018.
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.	LyondellBasell Industries N.V. total liabilities decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Total Company share of stockholders’ 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.	LyondellBasell Industries N.V. total Company share of stockholders’ equity increased from 2016 to 2017 and from 2017 to 2018.

LyondellBasell Industries N.V. (NYSE:LYB)

Balance Sheet: Liabilities and Stockholders’ Equity