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.

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

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	856)	784)	752)	612)	749)
Income and other taxes payable	685)	628)	823)	635)	496)
Compensation-related accruals	533)	938)	654)	340)	370)
Interest payable	389)	379)	330)	326)	289)
Current operating lease liabilities	355)	331)	330)	321)	362)
Accrued casualty costs	307)	242)	187)	177)	190)
Equipment rents payable	98)	109)	98)	101)	100)
Other	460)	431)	404)	592)	538)
Accounts payable and other current liabilities	3,683)	3,842)	3,578)	3,104)	3,094)
Debt due within one year	1,423)	1,678)	2,166)	1,069)	1,257)
Current liabilities	5,106)	5,520)	5,744)	4,173)	4,351)
Debt due after one year	31,156)	31,648)	27,563)	25,660)	23,943)
Noncurrent operating lease liabilities	1,245)	1,300)	1,429)	1,283)	1,471)
Deferred income taxes	13,123)	13,033)	12,675)	12,247)	11,992)
Other long-term liabilities	1,714)	1,785)	1,953)	2,077)	1,788)
Long-term liabilities	47,238)	47,766)	43,620)	41,267)	39,194)
Total liabilities	52,344)	53,286)	49,364)	45,440)	43,545)
Common shares, $2.50 par value	2,782)	2,782)	2,781)	2,781)	2,780)
Paid-in-surplus	5,193)	5,080)	4,979)	4,864)	4,523)
Retained earnings	62,093)	58,887)	55,049)	51,326)	48,605)
Treasury stock	(54,666)	(54,004)	(47,734)	(40,420)	(36,424)
Accumulated other comprehensive loss	(614)	(582)	(914)	(1,593)	(1,356)
Common shareholders’ equity	14,788)	12,163)	14,161)	16,958)	18,128)
Total liabilities and common shareholders’ equity	67,132)	65,449)	63,525)	62,398)	61,673)

Based on: 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), 10-K (reporting date: 2019-12-31).

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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.	Union Pacific Corp. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Union Pacific Corp. long-term liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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.	Union Pacific Corp. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Common 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.	Union Pacific Corp. common shareholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Union Pacific Corp. (NYSE:UNP)

Balance Sheet: Liabilities and Stockholders’ Equity