UL Solutions Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	295	298	315	322	1,328
Short-Term Investments	-	-	-	51	47
Cash & Short-Term Investments	295	298	315	373	1,375
Cash Growth	-1.01%	-5.40%	-15.55%	-72.87%	41.61%
Accounts Receivable	626	562	541	547	557
Other Receivables	-	-	49	40	-
Receivables	626	562	590	587	557
Prepaid Expenses	-	-	35	33	61
Other Current Assets	79	61	13	5	6
Total Current Assets	1,000	921	953	998	1,999
Property, Plant & Equipment	878	817	706	637	602
Long-Term Investments	33	36	42	62	44
Goodwill	656	633	623	647	621
Other Intangible Assets	153	185	211	200	196
Long-Term Deferred Tax Assets	94	108	110	128	166
Other Long-Term Assets	107	100	91	48	34
Total Assets	2,921	2,800	2,736	2,720	3,662
Accounts Payable	183	182	169	153	179
Accrued Expenses	282	254	281	311	383
Current Portion of Long-Term Debt	-	50	-	-	-
Current Portion of Leases	43	38	39	42	36
Current Unearned Revenue	173	162	162	142	135
Other Current Liabilities	79	54	58	46	59
Total Current Liabilities	760	740	709	694	792
Long-Term Debt	491	692	904	499	-
Long-Term Leases	149	155	120	119	118
Pension & Post-Retirement Benefits	134	196	232	246	336
Long-Term Deferred Tax Liabilities	19	23	-	-	-
Other Long-Term Liabilities	74	63	93	85	84
Total Liabilities	1,627	1,869	2,058	1,643	1,330
Additional Paid-In Capital	887	821	776	1,009	1,009
Retained Earnings	470	250	24	211	1,518
Comprehensive Income & Other	-95	-167	-146	-166	-216
Total Common Equity	1,262	904	654	1,054	2,311
Minority Interest	32	27	24	23	21
Shareholders' Equity	1,294	931	678	1,077	2,332
Total Liabilities & Equity	2,921	2,800	2,736	2,720	3,662
Total Debt	683	935	1,063	660	154
Net Cash (Debt)	-388	-637	-748	-287	1,221
Net Cash Growth	-	-	-	-	50.74%
Net Cash Per Share	-1.91	-3.17	-3.74	-1.44	33.17
Filing Date Shares Outstanding	201.04	200.17	200	200	200
Total Common Shares Outstanding	201.03	200.17	200	200	200
Working Capital	240	181	244	304	1,207
Book Value Per Share	6.28	4.52	3.27	5.27	11.55
Tangible Book Value	453	86	-180	207	1,494
Tangible Book Value Per Share	2.25	0.43	-0.90	1.03	7.47
Land	42	41	42	38	31
Buildings	503	451	364	347	350
Machinery	821	729	714	687	663
Leasehold Improvements	212	182	172	141	129

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