Adjustments to Current Assets

Chevron Corp., adjusted current assets

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Current assets 28,560  29,619  35,347  42,232  50,250 
Adjustments
Add: Allowance for doubtful accounts 490  373  313  59  62 
Add: LIFO reserve1 3,937  2,942  3,745  8,135  9,150 
Less: Current deferred tax assets (included in Prepaid expenses and other current assets)2 917  1,071  1,341 
After Adjustment
Adjusted current assets 32,987  32,934  38,488  49,355  58,121 

Source: Based on data from Chevron Corp. Annual Reports

1 LIFO reserve. See Details »

2 Current deferred tax assets (included in Prepaid expenses and other current assets). See Details »

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Adjustments to Total Assets

Chevron Corp., adjusted total assets

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Total assets 253,806  260,078  266,103  266,026  253,753 
Adjustments
Add: Operating leased assets1 2,102  1,777  2,599  2,369  2,949 
Add: Allowance for doubtful accounts 490  373  313  59  62 
Add: LIFO reserve2 3,937  2,942  3,745  8,135  9,150 
Less: Current deferred tax assets (included in Prepaid expenses and other current assets)3 917  1,071  1,341 
Less: Noncurrent deferred tax assets (included in Deferred charges and other assets)4 4,750  4,649  4,512  3,597  2,954 
After Adjustment
Adjusted total assets 255,585  260,521  267,331  271,921  261,619 

Source: Based on data from Chevron Corp. Annual Reports

1 Operating leased assets. See Details »

2 LIFO reserve. See Details »

3 Current deferred tax assets (included in Prepaid expenses and other current assets). See Details »

4 Noncurrent deferred tax assets (included in Deferred charges and other assets). See Details »

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Adjustments to Current Liabilities

Chevron Corp., adjusted current liabilities

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Current liabilities 27,737  31,785  26,464  31,926  33,018 
Adjustments
Less: Current deferred tax liabilities (included in Federal and other taxes on income)1 996  813  583 
Less: Current accrued severance liability 60  293 
After Adjustment
Adjusted current liabilities 27,737  31,725  25,175  31,113  32,435 

Source: Based on data from Chevron Corp. Annual Reports

1 Current deferred tax liabilities (included in Federal and other taxes on income). See Details »

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Adjustments to Total Liabilities

Chevron Corp., adjusted total liabilities

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Total liabilities 104,487  113,356  112,217  109,835  103,326 
Adjustments
Add: Operating lease obligations1 2,102  1,777  2,599  2,369  2,949 
Less: Current deferred tax liabilities (included in Federal and other taxes on income)2 996  813  583 
Less: Noncurrent deferred income taxes3 14,652  17,516  20,689  21,920  21,301 
Less: Accrued severance liability 60  293 
After Adjustment
Adjusted total liabilities 91,937  97,557  92,838  89,471  84,391 

Source: Based on data from Chevron Corp. Annual Reports

1 Operating lease obligations. See Details »

2 Current deferred tax liabilities (included in Federal and other taxes on income). See Details »

3 Noncurrent deferred income taxes. See Details »

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Adjustments to Stockholders' Equity

Chevron Corp., adjusted total equity

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Total Chevron Corporation stockholders' equity 148,124  145,556  152,716  155,028  149,113 
Adjustments
Less: Deferred taxes, net1 (9,902) (12,867) (16,256) (18,065) (17,589)
Add: Allowance for doubtful accounts 490  373  313  59  62 
Add: LIFO reserve2 3,937  2,942  3,745  8,135  9,150 
Add: Accrued severance liability 60  293 
Add: Noncontrolling interests 1,195  1,166  1,170  1,163  1,314 
After Adjustment
Adjusted total equity 163,648  162,964  174,493  182,450  177,228 

Source: Based on data from Chevron Corp. Annual Reports

1 Deferred taxes, net. See Details »

2 LIFO reserve. See Details »

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Adjustments to Capitalization Table

Chevron Corp., adjusted capitalization table

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Short-term debt, net of unamortized discount and debt issuance costs 5,192  10,840  4,928  3,790  374 
Long-term debt, net of unamortized discount and debt issuance costs 33,477  35,193  33,584  23,960  19,960 
Capital lease obligations 94  93  80  68  97 
Total reported debt 38,763  46,126  38,592  27,818  20,431 
Total Chevron Corporation stockholders' equity 148,124  145,556  152,716  155,028  149,113 
Total reported capital 186,887  191,682  191,308  182,846  169,544 
Adjustments to Debt
Add: Operating lease obligations1 2,102  1,777  2,599  2,369  2,949 
Adjusted total debt 40,865  47,903  41,191  30,187  23,380 
Adjustments to Equity
Less: Deferred taxes, net2 (9,902) (12,867) (16,256) (18,065) (17,589)
Add: Allowance for doubtful accounts 490  373  313  59  62 
Add: LIFO reserve3 3,937  2,942  3,745  8,135  9,150 
Add: Accrued severance liability 60  293 
Add: Noncontrolling interests 1,195  1,166  1,170  1,163  1,314 
Adjusted total equity 163,648  162,964  174,493  182,450  177,228 
After Adjustment
Adjusted total capital 204,513  210,867  215,684  212,637  200,608 

Source: Based on data from Chevron Corp. Annual Reports

1 Operating lease obligations. See Details »

2 Deferred taxes, net. See Details »

3 LIFO reserve. See Details »

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Adjustments to Reported Income

Chevron Corp., adjusted comprehensive income

USD $ in millions

 
12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
As Reported
Net income (loss) attributable to Chevron Corporation 9,195  (497) 4,587  19,241  21,423 
Adjustments
Add: Deferred income tax expense (benefit)1 (3,203) (3,835) (1,861) 1,573  1,877 
Add: Increase (decrease) in allowance for doubtful accounts 117  60  254  (3) (18)
Add: Increase (decrease) in LIFO reserve2 995  (803) (4,390) (1,015) (142)
Add: Increase (decrease) in accrued severance liability (60) (233) 293 
Add: Other comprehensive gain (loss), net of tax 254  448  568  (1,280) 2,790 
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest 74  66  123  69  174 
After Adjustment
Adjusted comprehensive income 7,372  (4,794) (426) 18,585  26,104 

Source: Based on data from Chevron Corp. Annual Reports

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

2 Increase (decrease) in LIFO reserve. See Details »

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