UL Solutions Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	255	298	315	322	1,328	971
Short-Term Investments	-	-	-	51	47	-
Cash & Short-Term Investments	255	298	315	373	1,375	971
Cash Growth	-22.02%	-5.40%	-15.55%	-72.87%	41.61%	-
Accounts Receivable	623	562	541	547	557	566
Other Receivables	-	24	49	40	-	-
Receivables	623	586	590	587	557	566
Prepaid Expenses	-	33	35	33	61	-
Other Current Assets	117	4	13	5	6	57
Total Current Assets	995	921	953	998	1,999	1,594
Property, Plant & Equipment	847	817	706	637	602	609
Long-Term Investments	33	36	42	62	44	409
Goodwill	655	633	623	647	621	593
Other Intangible Assets	163	185	211	200	196	209
Long-Term Deferred Tax Assets	99	108	110	128	166	118
Other Long-Term Assets	106	100	91	48	34	19
Total Assets	2,898	2,800	2,736	2,720	3,662	3,551
Accounts Payable	151	182	169	153	179	131
Accrued Expenses	254	254	281	311	383	315
Short-Term Debt	-	-	-	-	-	3
Current Portion of Long-Term Debt	-	50	-	-	-	-
Current Portion of Leases	42	38	39	42	36	42
Current Income Taxes Payable	-	-	-	-	-	50
Current Unearned Revenue	255	162	162	142	135	129
Other Current Liabilities	47	54	58	46	59	-
Total Current Liabilities	749	740	709	694	792	670
Long-Term Debt	544	692	904	499	-	-
Long-Term Leases	150	155	120	119	118	116
Pension & Post-Retirement Benefits	146	196	232	246	336	414
Long-Term Deferred Tax Liabilities	-	-	-	-	-	13
Other Long-Term Liabilities	89	86	93	85	84	66
Total Liabilities	1,678	1,869	2,058	1,643	1,330	1,279
Additional Paid-In Capital	866	821	776	1,009	1,009	1,009
Retained Earnings	429	250	24	211	1,518	1,494
Comprehensive Income & Other	-102	-167	-146	-166	-216	-251
Total Common Equity	1,193	904	654	1,054	2,311	2,252
Minority Interest	27	27	24	23	21	20
Shareholders' Equity	1,220	931	678	1,077	2,332	2,272
Total Liabilities & Equity	2,898	2,800	2,736	2,720	3,662	3,551
Total Debt	736	935	1,063	660	154	161
Net Cash (Debt)	-481	-637	-748	-287	1,221	810
Net Cash Growth	-	-	-	-	50.74%	-
Net Cash Per Share	-2.38	-3.17	-3.74	-1.44	33.17	-
Filing Date Shares Outstanding	200.88	200.17	200	200	200	-
Total Common Shares Outstanding	200.88	200.17	200	200	200	-
Working Capital	246	181	244	304	1,207	924
Book Value Per Share	5.94	4.52	3.27	5.27	11.55	-
Tangible Book Value	375	86	-180	207	1,494	1,450
Tangible Book Value Per Share	1.87	0.43	-0.90	1.03	7.47	-
Land	-	41	42	38	31	32
Buildings	-	451	364	347	350	355
Machinery	-	729	714	687	663	619
Leasehold Improvements	-	182	172	141	129	126

Source: S&P Global Market Intelligence. Standard template. Financial Sources.