Microsoft Excel LibreOffice Calc

Becton, Dickinson & Co. (BDX)

Adjustments to Financial Statements

Difficulty: Advanced

Adjustments to Current Assets

Becton, Dickinson & Co., adjusted current assets

USD $ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Current assets 7,411  18,633  6,367  6,045  6,131  5,873 
Adjustments
Add: Allowance for doubtful accounts 75  54  61  53  30  41 
After Adjustment
Adjusted current assets 7,486  18,687  6,428  6,098  6,161  5,914 

Based on: 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), 10-K (filing date: 2013-11-27).

Adjustments to Total Assets

Becton, Dickinson & Co., adjusted total assets

USD $ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Total assets 53,904  37,734  25,586  26,820  12,447  12,149 
Adjustments
Add: Operating leased assets1 456  250  250  225  173  179 
Add: Allowance for doubtful accounts 75  54  61  53  30  41 
Less: Noncurrent deferred tax assets, net2 –  –  –  –  315  204 
After Adjustment
Adjusted total assets 54,435  38,038  25,897  27,098  12,335  12,165 

Based on: 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), 10-K (filing date: 2013-11-27).

1 Operating leased assets. See Details »

2 Noncurrent deferred tax assets, net. See Details »

Adjustments to Total Liabilities

Becton, Dickinson & Co., adjusted total liabilities

USD $ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Total liabilities 32,910  24,786  17,953  19,656  7,394  7,106 
Adjustments
Add: Operating lease obligations1 456  250  250  225  173  179 
Less: Noncurrent deferred tax liabilities2 2,310  776  792  1,428  –  – 
Less: Restructuring liability 27  55  69  62  –  – 
After Adjustment
Adjusted total liabilities 31,029  24,205  17,342  18,391  7,567  7,285 

Based on: 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), 10-K (filing date: 2013-11-27).

1 Operating lease obligations. See Details »

2 Noncurrent deferred tax liabilities. See Details »

Adjustments to Stockholders’ Equity

Becton, Dickinson & Co., adjusted shareholders’ equity

USD $ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Shareholders’ equity 20,994  12,948  7,633  7,164  5,053  5,043 
Adjustments
Less: Net deferred tax assets (liabilities)1 (2,310) (776) (792) (1,428) 315  204 
Add: Allowance for doubtful accounts 75  54  61  53  30  41 
Add: Restructuring liability 27  55  69  62  –  – 
After Adjustment
Adjusted shareholders’ equity 23,406  13,833  8,555  8,707  4,768  4,880 

Based on: 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), 10-K (filing date: 2013-11-27).

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

Adjustments to Capitalization Table

Becton, Dickinson & Co., adjusted capitalization table

USD $ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Short-term debt 2,601  203  1,001  1,452  203  207 
Long-term debt, excluding current portion 18,894  18,667  10,550  11,370  3,768  3,763 
Total reported debt 21,495  18,870  11,551  12,822  3,971  3,970 
Shareholders’ equity 20,994  12,948  7,633  7,164  5,053  5,043 
Total reported capital 42,489  31,818  19,184  19,986  9,024  9,013 
Adjustments to Debt
Add: Operating lease obligations1 456  250  250  225  173  179 
Adjusted total debt 21,951  19,120  11,801  13,047  4,144  4,149 
Adjustments to Equity
Less: Net deferred tax assets (liabilities)2 (2,310) (776) (792) (1,428) 315  204 
Add: Allowance for doubtful accounts 75  54  61  53  30  41 
Add: Restructuring liability 27  55  69  62  –  – 
Adjusted shareholders’ equity 23,406  13,833  8,555  8,707  4,768  4,880 
After Adjustment
Adjusted total capital 45,357  32,953  20,356  21,754  8,912  9,029 

Based on: 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), 10-K (filing date: 2013-11-27).

1 Operating lease obligations. See Details »

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

Adjustments to Reported Income

Becton, Dickinson & Co., adjusted net income

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014 Sep 30, 2013
As Reported
Net income 311  1,100  976  695  1,185  1,293 
Adjustments
Add: Deferred income tax expense (benefit)1 (262) (74) (519) (274) (94) (149)
Add: Increase (decrease) in allowance for doubtful accounts 21  (7) 8  23  (11) 5 
Add: Increase (decrease) in restructuring liability (28) (14) 7  62  –  – 
Less: Income from discontinued operations, net of income tax provision –  –  –  –  –  364 
Add: Other comprehensive income (loss), net of tax (186) 206  (190) (737) (486) 286 
After Adjustment
Adjusted net income (144) 1,211  282  (231) 594  1,071 

Based on: 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), 10-K (filing date: 2013-11-27).

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