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, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	847)	856)	784)	752)	612)
Compensation-related accruals	618)	533)	938)	654)	340)
Income and other taxes payable	605)	685)	628)	823)	635)
Interest payable	372)	389)	379)	330)	326)
Current operating lease liabilities	346)	355)	331)	330)	321)
Accrued casualty costs	319)	307)	242)	187)	177)
Equipment rents payable	109)	98)	109)	98)	101)
Other	613)	460)	431)	404)	592)
Accounts payable and other current liabilities	3,829)	3,683)	3,842)	3,578)	3,104)
Debt due within one year	1,425)	1,423)	1,678)	2,166)	1,069)
Current liabilities	5,254)	5,106)	5,520)	5,744)	4,173)
Debt due after one year	29,767)	31,156)	31,648)	27,563)	25,660)
Noncurrent operating lease liabilities	925)	1,245)	1,300)	1,429)	1,283)
Deferred income taxes	13,151)	13,123)	13,033)	12,675)	12,247)
Other long-term liabilities	1,728)	1,714)	1,785)	1,953)	2,077)
Long-term liabilities	45,571)	47,238)	47,766)	43,620)	41,267)
Total liabilities	50,825)	52,344)	53,286)	49,364)	45,440)
Common shares, $2.50 par value	2,783)	2,782)	2,782)	2,781)	2,781)
Paid-in-surplus	5,334)	5,193)	5,080)	4,979)	4,864)
Retained earnings	65,628)	62,093)	58,887)	55,049)	51,326)
Treasury stock	(56,132)	(54,666)	(54,004)	(47,734)	(40,420)
Accumulated other comprehensive loss	(723)	(614)	(582)	(914)	(1,593)
Common shareholders’ equity	16,890)	14,788)	12,163)	14,161)	16,958)
Total liabilities and common shareholders’ equity	67,715)	67,132)	65,449)	63,525)	62,398)

Based on: 10-K (reporting date: 2024-12-31), 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).

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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 2022 to 2023 but then slightly increased from 2023 to 2024.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Union Pacific Corp. long-term liabilities decreased 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.	Union Pacific Corp. total liabilities decreased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.

Union Pacific Corp. (NYSE:UNP)

Balance Sheet: Liabilities and Stockholders’ Equity