What amount of total assets does the company report on its balance sheet? What amount of total liabilities does the company report on its balance sheet?
What amount of total assets does the company report on its balance sheet? What amount of total liabilities does the company report on its balance sheet?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What amount of total assets does the company report on its balance sheet ?
What amount of total liabilities does the company report on its balance sheet?

Transcribed Image Text:Item 6. Selected Financial Data
The following table sets forth selected financial data for each of the five years in the period ended December 31, 2020 (in millions, except per share amounts). This financial data
should be read together with our consolidated financial statements and related notes, Management's Discussion and Analysis of Financial Condition and Results of Operations,
including the Supplemental Information - Items Affecting Comparability section, and other financial data appearing elsewhere in this report.
Years Ended December 31,
2020
2019
2018
2017
2016
Selected Income Statement Data
Revenue:
U.S. Domestic Package
International Package
Supply Chain & Freight
46,493 S
43,593 S
14,442
38,284
12,346
$
53,499 $
40,761 $
15,945
14,220
13,342
15,184
13,381
13,826
12,482
10,980
Total Revenue
84,628
74,094
71,861
66,585
61,610
Operating Expenses:
Compensation and benefits
Other
44,529
38,908
37,235
34,577
32,534
32,415
27,388
27,602
24,479
21,388
Total Operating Expenses
Operating Profit:
U.S. Domestic Package
International Package
76,944
66,296
64,837
59,056
53,922
3,891
4,164
3,643
4,303
4,628
3,436
2,657
2,529
2,429
2,417
Supply Chain & Freight
357
977
852
797
643
Total Operating Profit
Other Income and (Expense):
7,684
7,798
7,024
7,529
7,688
Investment income (expense) and other
(5,139)
(1,493)
(400)
61
(2,186)
Interest expense
(701)
(653)
(605)
(453)
(381)
Income Before Income Taxes
1,844
5,652
6,019
7,137
5,121
Income Tax Expense
501
1,212
1,228
2.232
1,699
Net Income
2$
1,343 $
4,440 S
4,791 S
4,905 $
3,422
Per Share Amounts:
Basic Earnings Per Share
Diluted Earnings Per Share
Dividends Declared Per Share
1.55 $
5.14 S
5.53 S
5.63 $
3.88
5.61 $
3.32 $
1.54 $
5.11 S
5.51 S
3.86
$
4.04 $
3.84 S
3.64 S
3.12
Weighted Average Shares Outstanding:
Basic
867
864
866
871
883
Diluted
871
869
870
875
887
As of December 31.
2020
2019
2018
2017
2016
Selected Balance Sheet Data:
Cash and marketable securities
2$
6,316 $
5,741 S
5,035 S
4,069 $
4,567
Total assets
62,408
57,857
50,016
45,574
40,545
Long-term debt and finance leases
Shareowners' equity
22,031
21,818
19,931
20,278
12,394
669
3,283
3,037
1,024
430
This table reflects the impact of the adoption of new accounting standards in 2018 and 2019. Refer to note I to the audited, consolidated financial statements.

Transcribed Image Text:UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2020
2019
ASSETS
Current Assets:
Cash and cash equivalents
5,910 $
5,238
Marketable securities
406
503
Accounts receivable
10,888
9,645
Less: Allowance for credit losses
(138)
(93)
Accounts receivable, net
10,750
9,552
Assets held for sale
1,197
Other current assets
1,953
1,810
Total Current Assets
20,216
17,103
Property, Plant and Equipment, Net
Operating Lease Right-Of-Use Assets
Goodwill
32,254
30,482
3,073
2,856
3,367
3,813
Intangible Assets, Net
Investments and Restricted Cash
2,274
2,167
25
24
Deferred Income Tax Assets
527
330
Other Non-Current Assets
672
1,082
Total Assets
62,408 $
57,857
LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases
2,623 $
3,420
Current maturities of operating leases
Accounts payable
Accrued wages and withholdings
560
538
6,455
5,555
3,569
2,552
Self-insurance reserves
1,085
914
Accrued group welfare and retirement plan contributions
Liabilities to be disposed of
Other current liabilities
927
793
347
1,450
1,641
Total Current Liabilities
17,016
15,413
Long-Term Debt and Finance Leases
Non-Current Operating Leases
Pension and Postretirement Benefit Obligations
22,031
21,818
2,540
15,817
2,391
10,601
Deferred Income Tax Liabilities
488
1,632
Other Non-Current Liabilities
3,847
2,719
Shareowners' Equity:
Class A common stock (147 and 156 shares issued in 2020 and 2019)
2
2
Class B common stock (718 and 701 shares issued in 2020 and 2019)
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Deferred compensation obligations
7
7
865
150
6,896
9,105
(7,113)
(5,997)
20
26
Less: Treasury stock (0.4 shares in 2020 and 2019)
(20)
(26)
Total Equity for Controlling Interests
Noncontrolling Interests
Total Shareowners' Equity
657
3,267
12
16
669
3,283
Total Liabilities and Shareowners' Equity
62,408 $
57,857
Expert Solution

Step 1
Balance sheet refers to the financial statement or sheet which is made by business for a period of one year and this statement states the financial performance of the company.
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