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.

Sysco Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Accounts payable	6,290)	6,026)	5,753)	4,885)	3,447)	4,315)
Accrued expenses	2,226)	2,251)	2,271)	1,815)	1,616)	1,730)
Accrued income taxes	131)	102)	40)	23)	3)	17)
Current operating lease liabilities	125)	99)	106)	103)	107)	—)
Current maturities of long-term debt	469)	63)	581)	495)	1,544)	41)
Current liabilities	9,241)	8,540)	8,750)	7,320)	6,718)	6,103)
Long-term debt, excluding current maturities	11,513)	10,348)	10,067)	10,588)	12,902)	8,122)
Deferred income taxes	345)	303)	250)	147)	87)	172)
Long-term operating lease liabilities	838)	656)	636)	634)	523)	—)
Other long-term liabilities	1,089)	932)	968)	1,136)	1,205)	1,031)
Long-term liabilities	13,785)	12,239)	11,921)	12,506)	14,718)	9,325)
Total liabilities	23,026)	20,779)	20,671)	19,826)	21,435)	15,428)
Noncontrolling interest	31)	33)	32)	35)	34)	35)
Preferred stock, par value $1 per share, issued none	—)	—)	—)	—)	—)	—)
Common stock, par value $1 per share	765)	765)	765)	765)	765)	765)
Paid-in capital	1,908)	1,815)	1,766)	1,620)	1,507)	1,457)
Retained earnings	12,260)	11,311)	10,540)	10,152)	10,563)	11,230)
Accumulated other comprehensive loss	(1,339)	(1,253)	(1,482)	(1,149)	(1,711)	(1,600)
Treasury stock at cost	(11,734)	(10,629)	(10,207)	(9,835)	(9,966)	(9,350)
Shareholders’ equity	1,860)	2,009)	1,382)	1,553)	1,159)	2,503)
Total liabilities and shareholders’ equity	24,917)	22,821)	22,086)	21,414)	22,628)	17,967)

Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).

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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.	Sysco Corp. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Sysco Corp. long-term 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.	Sysco Corp. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
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.	Sysco Corp. shareholders’ equity increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Sysco Corp. (NYSE:SYY)

Balance Sheet: Liabilities and Stockholders’ Equity