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McCormick & Company, Inc. (NYSE:MKC)
Total Liabilities
$2,458 Mil (As of Feb. 2014)

McCormick & Company, Inc.'s total liabilities for the quarter that ended in Feb. 2014 was $2,458 Mil.

McCormick & Company, Inc.'s quarterly total liabilities declined from Aug. 2013 ($2,569.60 Mil) to Nov. 2013 ($2,517.20 Mil) and declined from Nov. 2013 ($2,517.20 Mil) to Feb. 2014 ($2,458.20 Mil).

McCormick & Company, Inc.'s annual total liabilities declined from Nov. 2011 ($2,486.10 Mil) to Nov. 2012 ($2,482.50 Mil) but then increased from Nov. 2012 ($2,482.50 Mil) to Nov. 2013 ($2,517.20 Mil).


Definition

Total liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

McCormick & Company, Inc.'s Total Liabilities for the fiscal year that ended in Nov. 2013 is calculated as

Total Liabilities=Total Current Liabilities+Total Long Term Liabilities
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=1063.1+(1019+106.6
+DeferredTaxAndRevenue+PensionAndRetirementBenefit)
+139.3+189.2)
=2,517

Total Liabilities=Total Assets (A: Nov. 2013 )-Total Shareholder’s Equity (A: Nov. 2013 )
=4449.7-1932.5
=2,517

McCormick & Company, Inc.'s Total Liabilities for the quarter that ended in Feb. 2014 is calculated as

Total Liabilities=Total Current Liabilities+(Total Long Term Liabilities)
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=1012.1+(1016.6+429.5
+DeferredTaxAndRevenue+PensionAndRetirementBenefit)
+0+0)
=2,458

Total Liabilities=Total Assets (Q: Feb. 2014 )-Total Shareholder’s Equity (Q: Feb. 2014 )
=4429.7-1971.5
=2,458

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Total Assets, Total Shareholder’s Equity, Total Current Liabilities, Long-Term Debt, Other Long-Term Liab.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

McCormick & Company, Inc. Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Total Liabilities 1,4801,4731,6351,7022,1652,0531,9662,4862,4832,517

McCormick & Company, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Total Liabilities 2,4862,4052,3442,3512,4832,3792,4922,5702,5172,458
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