Marathon Oil Corp., adjusted current assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current assets	1,821)	1,612)	2,135)	2,921)	2,566)
Adjustments
Add: Reserve for credit losses	15)	22)	11)	11)	12)
After Adjustment
Adjusted current assets	1,836)	1,634)	2,146)	2,932)	2,578)

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Marathon Oil Corp., adjusted total assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total assets	16,994)	17,956)	20,245)	21,321)	22,012)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	184)	106)
Add: Reserve for credit losses	15)	22)	11)	11)	12)
Less: Noncurrent deferred tax assets (classified in Other noncurrent assets)²	—)	—)	—)	393)	489)
After Adjustment
Adjusted total assets	17,009)	17,978)	20,256)	21,123)	21,641)

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

² Noncurrent deferred tax assets (classified in Other noncurrent assets). See details »

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Marathon Oil Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total liabilities	6,308)	7,395)	8,092)	9,193)	10,304)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	184)	106)
Less: Noncurrent deferred tax liabilities²	136)	163)	186)	199)	833)
After Adjustment
Adjusted total liabilities	6,172)	7,232)	7,906)	9,178)	9,577)

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

² Noncurrent deferred tax liabilities. See details »

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Marathon Oil Corp., adjusted stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Stockholders’ equity	10,686)	10,561)	12,153)	12,128)	11,708)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(136)	(163)	(186)	194)	(344)
Add: Reserve for credit losses	15)	22)	11)	11)	12)
After Adjustment
Adjusted stockholders’ equity	10,837)	10,746)	12,350)	11,945)	12,064)

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

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Marathon Oil Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current portion of long-term finance lease liability	6)	—)	—)	—)	—)
Long-term debt due within one year	36)	—)	—)	—)	—)
Long-term debt, excluding due within one year	3,978)	5,404)	5,501)	5,499)	5,494)
Long-term finance lease liability, excluding current portion	24)	—)	—)	—)	—)
Total reported debt	4,044)	5,404)	5,501)	5,499)	5,494)
Stockholders’ equity	10,686)	10,561)	12,153)	12,128)	11,708)
Total reported capital	14,730)	15,965)	17,654)	17,627)	17,202)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	184)	106)
Add: Current portion of long-term operating lease liability (located in Other current liabilities)²	40)	70)	101)	—)	—)
Add: Long-term operating lease liability, excluding current portion (located in Deferred credits and other liabilities)³	23)	67)	107)	—)	—)
Adjusted total debt	4,107)	5,541)	5,709)	5,683)	5,600)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(136)	(163)	(186)	194)	(344)
Add: Reserve for credit losses	15)	22)	11)	11)	12)
Adjusted stockholders’ equity	10,837)	10,746)	12,350)	11,945)	12,064)
After Adjustment
Adjusted total capital	14,944)	16,287)	18,059)	17,628)	17,664)

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

² Current portion of long-term operating lease liability (located in Other current liabilities). See details »

³ Long-term operating lease liability, excluding current portion (located in Deferred credits and other liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Marathon Oil Corp., adjusted net income (loss)

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Net income (loss)	946)	(1,451)	480)	1,096)	(5,723)
Adjustments
Add: Deferred income tax expense (benefit)¹	(27)	(22)	(34)	52)	(61)
Add: Increase (decrease) in reserve for credit losses	(7)	11)	—)	(1)	6)
Less: Loss from discontinued operations	—)	—)	—)	—)	(4,893)
Add: Other comprehensive income (loss)	9)	(32)	42)	125)	21)
After Adjustment
Adjusted net income (loss)	921)	(1,494)	488)	1,272)	(864)

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

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Marathon Oil Corp. (NYSE:MRO)

Adjustments to Financial Statements