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.

Procter & Gamble Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Accounts payable	15,364)	14,598)	14,882)	13,720)	12,071)	11,260)
Accrued marketing and promotion	4,172)	3,894)	3,878)	4,140)	3,531)	4,299)
Accrued compensation	2,161)	2,030)	1,797)	2,145)	1,921)	1,623)
Taxes payable	1,042)	828)	587)	637)	693)	341)
Accrued interest	282)	235)	—)	—)	—)	—)
Current operating lease liabilities	243)	222)	205)	219)	239)	—)
Restructuring reserves	166)	174)	147)	278)	472)	468)
Derivative liabilities	54)	631)	1)	—)	—)	—)
Other	2,952)	2,915)	2,939)	3,104)	2,866)	2,323)
Accrued and other liabilities	11,072)	10,929)	9,554)	10,523)	9,722)	9,054)
Debt due within one year	7,191)	10,229)	8,645)	8,889)	11,183)	9,697)
Current liabilities	33,627)	35,756)	33,081)	33,132)	32,976)	30,011)
Long-term debt, excluding due within one year	25,269)	24,378)	22,848)	23,099)	23,537)	20,395)
Deferred income taxes	6,516)	6,478)	6,809)	6,153)	6,199)	6,899)
Pension benefit obligations	2,884)	3,116)	3,139)	5,452)	6,223)	5,622)
Uncertain tax positions	723)	622)	752)	794)	580)	472)
Noncurrent operating lease liabilities	666)	595)	595)	631)	652)	—)
Other retiree benefit obligations	653)	690)	672)	922)	965)	1,098)
U.S. Tax Act transitional tax payable	592)	1,154)	1,661)	1,891)	2,121)	2,343)
Derivative liabilities	325)	445)	307)	—)	—)	—)
Other	556)	530)	490)	579)	569)	676)
Other noncurrent liabilities	6,399)	7,152)	7,616)	10,269)	11,110)	10,211)
Noncurrent liabilities	38,184)	38,008)	37,273)	39,521)	40,846)	37,505)
Total liabilities	71,811)	73,764)	70,354)	72,653)	73,822)	67,516)
Convertible Class A preferred stock, stated value $1 per share	798)	819)	843)	870)	897)	928)
Non-Voting Class B preferred stock, stated value $1 per share	—)	—)	—)	—)	—)	—)
Common stock, stated value $1 per share	4,009)	4,009)	4,009)	4,009)	4,009)	4,009)
Additional paid-in capital	67,684)	66,556)	65,795)	64,848)	64,194)	63,827)
Reserve for ESOP debt retirement	(737)	(821)	(916)	(1,006)	(1,080)	(1,146)
Accumulated other comprehensive loss	(11,900)	(12,220)	(12,189)	(13,744)	(16,165)	(14,936)
Treasury stock	(133,378)	(129,736)	(123,382)	(114,973)	(105,573)	(100,406)
Retained earnings	123,811)	118,170)	112,429)	106,374)	100,239)	94,918)
Shareholders’ equity attributable to Procter & Gamble	50,287)	46,777)	46,589)	46,378)	46,521)	47,194)
Noncontrolling interest	272)	288)	265)	276)	357)	385)
Total shareholders’ equity	50,559)	47,065)	46,854)	46,654)	46,878)	47,579)
Total liabilities and shareholders’ equity	122,370)	120,829)	117,208)	119,307)	120,700)	115,095)

Based on: 10-K (reporting date: 2024-06-30), 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).

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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.	Procter & Gamble Co. current liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Procter & Gamble Co. noncurrent liabilities increased from 2022 to 2023 and from 2023 to 2024.
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.	Procter & Gamble Co. total liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Shareholders’ equity attributable to Procter & Gamble	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.	Procter & Gamble Co. shareholders’ equity attributable to Procter & Gamble increased from 2022 to 2023 and from 2023 to 2024.

Procter & Gamble Co. (NYSE:PG)

Balance Sheet: Liabilities and Stockholders’ Equity