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.

Zoetis Inc., 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
Short-term borrowings	3)	2)	—)	4)	—)
Current portion of long-term debt	—)	1,350)	—)	600)	500)
Accounts payable	411)	405)	436)	457)	301)
Dividends payable	198)	174)	154)	119)	95)
Accrued expenses	683)	682)	710)	556)	543)
Accrued compensation and related items	382)	300)	392)	295)	276)
Income taxes payable	110)	157)	38)	46)	36)
Finance lease liabilities, current	1)	—)	—)	—)	—)
Other current liabilities	101)	97)	67)	93)	55)
Current liabilities	1,889)	3,167)	1,797)	2,170)	1,806)
Long-term debt, net of discount and issuance costs, excluding current portion	6,564)	6,552)	6,592)	6,595)	5,947)
Noncurrent deferred tax liabilities	146)	142)	320)	378)	434)
Operating lease liabilities, noncurrent	188)	186)	151)	163)	164)
Other taxes payable	271)	258)	257)	260)	257)
Finance lease liabilities, noncurrent	8)	—)	—)	—)	—)
Other noncurrent liabilities	229)	217)	239)	270)	229)
Noncurrent liabilities	7,406)	7,355)	7,559)	7,666)	7,031)
Total liabilities	9,295)	10,522)	9,356)	9,836)	8,837)
Common stock, $0.01 par value	5)	5)	5)	5)	5)
Treasury stock, at cost	(5,597)	(4,539)	(2,952)	(2,230)	(2,042)
Additional paid-in capital	1,133)	1,088)	1,068)	1,065)	1,044)
Retained earnings	10,295)	8,668)	7,186)	5,659)	4,427)
Accumulated other comprehensive loss	(839)	(817)	(764)	(730)	(726)
Total Zoetis Inc. equity	4,997)	4,405)	4,543)	3,769)	2,708)
Equity attributable to noncontrolling interests	(6)	(2)	1)	4)	—)
Total equity	4,991)	4,403)	4,544)	3,773)	2,708)
Total liabilities and equity	14,286)	14,925)	13,900)	13,609)	11,545)

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.	Zoetis Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Zoetis Inc. noncurrent liabilities decreased from 2021 to 2022 but then slightly increased 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.	Zoetis Inc. total liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total Zoetis Inc. 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.	Zoetis Inc. total Zoetis Inc. equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Zoetis Inc. (NYSE:ZTS)

Balance Sheet: Liabilities and Stockholders’ Equity