Microsoft Excel LibreOffice Calc

Becton, Dickinson & Co. (NYSE:BDX)

Adjustments to Financial Statements

Advanced level

Adjustments to Current Assets

Becton, Dickinson & Co., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Current assets 6,664  7,411  18,633  6,367  6,045  6,131 
Adjustments
Add: Allowance for doubtful accounts 75  75  54  61  53  30 
After Adjustment
Adjusted current assets 6,739  7,486  18,687  6,428  6,098  6,161 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

Adjustments to Total Assets

Becton, Dickinson & Co., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Total assets 51,765  53,904  37,734  25,586  26,820  12,447 
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 489  456  250  250  225  173 
Add: Allowance for doubtful accounts 75  75  54  61  53  30 
Less: Noncurrent deferred tax assets, net2 —  —  —  —  —  315 
After Adjustment
Adjusted total assets 52,329  54,435  38,038  25,897  27,098  12,335 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax assets, net. See details »

Adjustments to Total Liabilities

Becton, Dickinson & Co., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Total liabilities 30,684  32,910  24,786  17,953  19,656  7,394 
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 489  456  250  250  225  173 
Less: Noncurrent deferred tax liabilities2 1,834  2,310  776  792  1,428  — 
Less: Restructuring liability 57  60  55  69  62  — 
After Adjustment
Adjusted total liabilities 29,282  30,996  24,205  17,342  18,391  7,567 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax liabilities. See details »

Adjustments to Stockholders’ Equity

Becton, Dickinson & Co., adjusted shareholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Shareholders’ equity 21,081  20,994  12,948  7,633  7,164  5,053 
Adjustments
Less: Net deferred tax assets (liabilities)1 (1,834) (2,310) (776) (792) (1,428) 315 
Add: Allowance for doubtful accounts 75  75  54  61  53  30 
Add: Restructuring liability 57  60  55  69  62  — 
After Adjustment
Adjusted shareholders’ equity 23,047  23,439  13,833  8,555  8,707  4,768 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

1 Net deferred tax assets (liabilities). See details »

Adjustments to Capitalization Table

Becton, Dickinson & Co., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Short-term debt 1,309  2,601  203  1,001  1,452  203 
Long-term debt, excluding current portion 18,081  18,894  18,667  10,550  11,370  3,768 
Total reported debt 19,390  21,495  18,870  11,551  12,822  3,971 
Shareholders’ equity 21,081  20,994  12,948  7,633  7,164  5,053 
Total reported capital 40,471  42,489  31,818  19,184  19,986  9,024 
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 489  456  250  250  225  173 
Adjusted total debt 19,879  21,951  19,120  11,801  13,047  4,144 
Adjustments to Equity
Less: Net deferred tax assets (liabilities)2 (1,834) (2,310) (776) (792) (1,428) 315 
Add: Allowance for doubtful accounts 75  75  54  61  53  30 
Add: Restructuring liability 57  60  55  69  62  — 
Adjusted shareholders’ equity 23,047  23,439  13,833  8,555  8,707  4,768 
After Adjustment
Adjusted total capital 42,926  45,390  32,953  20,356  21,754  8,912 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Net deferred tax assets (liabilities). See details »

Adjustments to Reported Income

Becton, Dickinson & Co., adjusted net income

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
As Reported
Net income 1,233  311  1,100  976  695  1,185 
Adjustments
Add: Deferred income tax expense (benefit)1 (633) (262) (74) (519) (274) (94)
Add: Increase (decrease) in allowance for doubtful accounts —  21  (7) 8  23  (11)
Add: Increase (decrease) in restructuring liability (3) 5  (14) 7  62  — 
Add: Other comprehensive income (loss), net of tax (374) (186) 206  (190) (737) (486)
After Adjustment
Adjusted net income 223  (111) 1,211  282  (231) 594 

Based on: 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26).

1 Deferred income tax expense (benefit). See details »