UL Solutions Inc

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

ULS$81.56+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(in millions, except per share data)	June 30, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$295	$315
Accounts receivable, net of allowance of $12 and $9	381	362
Contract assets, net of allowance of $1 and $1	206	179
Other current assets	75	97
Total current assets	957	953
Property, plant and equipment, net of accumulated depreciation of $734 and $737	554	555
Goodwill	628	623
Intangible assets, net of accumulated amortization of $235 and $232	63	72
Operating lease right-of-use assets	145	151
Deferred income taxes	118	110
Capitalized software, net of accumulated amortization of $408 and $382	135	139
Other assets	142	133
Total Assets	$2,742	$2,736
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$134	$169
Accrued compensation and benefits	171	281
Operating lease liabilities - current	36	39
Contract liabilities	317	162
Other current liabilities	82	58
Total current liabilities	740	709
Long-term debt	785	904
Pension and postretirement benefit plans	223	232
Operating lease liabilities	117	120
Other liabilities	91	93
Total Liabilities	1,956	2,058
Commitments and contingencies (Note 17)
Stockholders’ equity:
Class A common stock, $0.001 per share, 39 million and 200 million shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	—	—
Class B common stock, $0.001 per share, 161 million and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	—	—
Additional paid-in capital	808	776
Retained earnings	131	24
Accumulated other comprehensive loss	(170)	(146)
Total stockholders’ equity before non-controlling interests	769	654
Non-controlling interests	17	24
Total Stockholders’ Equity	786	678
Total Liabilities and Stockholders’ Equity	$2,742	$2,736

UL Solutions Inc.

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.