Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Mastercard Inc., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	38,724)	37,669)	33,584)	29,236)	24,860)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	582)
Less: Deferred tax assets²	1,151)	486)	491)	543)	570)
After Adjustment
Adjusted total assets	37,573)	37,183)	33,093)	28,693)	24,872)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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

² Deferred tax assets. See details »

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Mastercard Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	14,171)	13,162)	11,847)	11,904)	11,593)
Adjustments
Less: Deferred revenue (included in Other current liabilities)	434)	482)	355)	238)	218)
After Adjustment
Adjusted current liabilities	13,737)	12,680)	11,492)	11,666)	11,375)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Mastercard Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	32,347)	30,257)	27,067)	23,245)	19,371)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	582)
Less: Deferred tax liabilities²	393)	395)	86)	85)	67)
Less: Deferred revenue	682)	662)	498)	344)	319)
After Adjustment
Adjusted total liabilities	31,272)	29,200)	26,483)	22,816)	19,567)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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

² Deferred tax liabilities. See details »

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Mastercard Inc., adjusted total Mastercard Incorporated stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total Mastercard Incorporated stockholders’ equity	6,298)	7,312)	6,391)	5,893)	5,395)
Adjustments
Less: Net deferred tax assets (liabilities)¹	758)	91)	405)	458)	503)
Add: Deferred revenue	682)	662)	498)	344)	319)
Add: Redeemable non-controlling interests	21)	29)	29)	74)	71)
Add: Non-controlling interests	58)	71)	97)	24)	23)
After Adjustment
Adjusted total equity	6,301)	7,983)	6,610)	5,877)	5,305)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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

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Mastercard Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Short-term debt	274)	792)	649)	—)	500)
Long-term debt, excluding current portion	13,749)	13,109)	12,023)	8,527)	5,834)
Total reported debt	14,023)	13,901)	12,672)	8,527)	6,334)
Total Mastercard Incorporated stockholders’ equity	6,298)	7,312)	6,391)	5,893)	5,395)
Total reported capital	20,321)	21,213)	19,063)	14,420)	11,729)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	582)
Add: Operating lease liabilities (recorded on Other current liabilities)²	140)	127)	125)	106)	—)
Add: Operating lease liabilities (recorded on Other liabilities)³	630)	645)	726)	656)	—)
Adjusted total debt	14,793)	14,673)	13,523)	9,289)	6,916)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	758)	91)	405)	458)	503)
Add: Deferred revenue	682)	662)	498)	344)	319)
Add: Redeemable non-controlling interests	21)	29)	29)	74)	71)
Add: Non-controlling interests	58)	71)	97)	24)	23)
Adjusted total equity	6,301)	7,983)	6,610)	5,877)	5,305)
After Adjustment
Adjusted total capital	21,094)	22,656)	20,133)	15,166)	12,221)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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

² Operating lease liabilities (recorded on Other current liabilities). See details »

³ Operating lease liabilities (recorded on Other liabilities). See details »

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

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Mastercard Inc., adjusted net revenue

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net revenue	22,237)	18,884)	15,301)	16,883)	14,950)
Adjustment
Add: Increase (decrease) in deferred revenue	20)	164)	154)	25)	72)
After Adjustment
Adjusted net revenue	22,257)	19,048)	15,455)	16,908)	15,022)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Mastercard Inc., adjusted net income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	9,930)	8,687)	6,411)	8,118)	5,859)
Adjustments
Add: Deferred income tax expense (benefit)¹	(651)	(70)	73)	(7)	(244)
Add: Increase (decrease) in deferred revenue	20)	164)	154)	25)	72)
Add: Other comprehensive income (loss), net of income tax effect	(444)	(129)	(7)	45)	(221)
After Adjustment
Adjusted net income	8,855)	8,652)	6,631)	8,181)	5,466)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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

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Mastercard Inc. (NYSE:MA)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income