UL Solutions Inc

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

ULS$81.19+3.2%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets

UL Solutions Inc.

Consolidated Balance Sheets

	As of December 31,
(in millions, except per share data)	2024	2023
Assets
Current assets:
Cash and cash equivalents	$298	$315
Accounts receivable, net of allowance of $9 and $9	380	362
Contract assets, net of allowance of $1 and $1	182	179
Other current assets	61	97
Total current assets	921	953
Property, plant and equipment, net of accumulated depreciation of $772 and $737	631	555
Goodwill	633	623
Intangible assets, net of accumulated amortization of $239 and $232	58	72
Operating lease right-of-use assets	186	151
Deferred income taxes	108	110
Capitalized software, net of accumulated amortization of $427 and $382	127	139
Other assets	136	133
Total Assets	$2,800	$2,736
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$50	$—
Accounts payable	182	169
Accrued compensation and benefits	254	281
Operating lease liabilities - current	38	39
Contract liabilities	162	162
Other current liabilities	54	58
Total current liabilities	740	709
Long-term debt	692	904
Pension and postretirement benefit plans	196	232
Operating lease liabilities	155	120
Other liabilities	86	93
Total Liabilities	1,869	2,058
Commitments and contingencies (Note 19)
Stockholders’ equity:
Class A common stock, $0.001 per share, 62 million and 200 million shares issued and outstanding at December 31, 2024 and 2023, respectively	—	—
Class B common stock, $0.001 per share, 138 million and 0 shares issued and outstanding at December 31, 2024 and 2023, respectively	—	—
Additional paid-in capital	821	776
Retained earnings	250	24
Accumulated other comprehensive loss	(167)	(146)
Total stockholders’ equity before non-controlling interests	904	654
Non-controlling interests	27	24
Total Stockholders’ Equity	931	678
Total Liabilities and Stockholders’ Equity	$2,800	$2,736

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.