Adjustments to Current Assets
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

Monsanto Co., adjusted current assets

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Current assets	8,651)	8,157)	10,625)	9,675)	10,077)	9,658)
Adjustments
Add: Allowance for doubtful trade receivables	78)	94)	59)	72)	68)	64)
Add: Excess of FIFO over LIFO cost¹	144)	150)	154)	160)	169)	143)
Less: Current deferred tax assets²	—)	—)	743)	635)	579)	534)
After Adjustment
Adjusted current assets	8,873)	8,401)	10,095)	9,272)	9,735)	9,331)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

¹ Excess of FIFO over LIFO cost. See details »

² Current deferred tax assets. See details »

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Monsanto Co., adjusted total assets

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Total assets	21,333)	19,736)	21,920)	21,981)	20,664)	20,224)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	458)	464)	467)	491)	435)	318)
Add: Allowance for doubtful trade receivables	78)	94)	59)	72)	68)	64)
Add: Excess of FIFO over LIFO cost²	144)	150)	154)	160)	169)	143)
Less: Current deferred tax assets³	—)	—)	743)	635)	579)	534)
Less: Noncurrent deferred tax assets⁴	564)	613)	277)	450)	454)	551)
After Adjustment
Adjusted total assets	21,449)	19,831)	21,580)	21,619)	20,303)	19,664)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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

² Excess of FIFO over LIFO cost. See details »

³ Current deferred tax assets. See details »

⁴ Noncurrent deferred tax assets. See details »

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Monsanto Co., adjusted current liabilities

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Current liabilities	6,398)	6,729)	5,177)	5,112)	4,336)	4,221)
Adjustments
Less: Current deferred tax liabilities¹	—)	—)	3)	70)	38)	30)
Less: Current deferred revenues	727)	568)	370)	438)	517)	396)
Less: Current restructuring reserves	37)	227)	170)	—)	—)	—)
After Adjustment
Adjusted current liabilities	5,634)	5,934)	4,634)	4,604)	3,781)	3,795)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

¹ Current deferred tax liabilities. See details »

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Monsanto Co., adjusted total liabilities

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Total liabilities	14,875)	15,191)	14,915)	14,067)	7,936)	8,188)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	458)	464)	467)	491)	435)	318)
Less: Current deferred tax liabilities²	—)	—)	3)	70)	38)	30)
Less: Noncurrent deferred tax liabilities³	192)	68)	340)	509)	469)	313)
Less: Deferred revenues	841)	603)	417)	485)	655)	641)
Less: Restructuring reserves	46)	244)	217)	—)	—)	—)
After Adjustment
Adjusted total liabilities	14,254)	14,740)	14,405)	13,494)	7,209)	7,522)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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

² Current deferred tax liabilities. See details »

³ Noncurrent deferred tax liabilities. See details »

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Monsanto Co., adjusted total Monsanto Company shareowners’ equity

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Total Monsanto Company shareowners’ equity	6,438)	4,534)	6,990)	7,875)	12,559)	11,833)
Adjustments
Less: Net deferred tax assets (liabilities)¹	372)	545)	677)	506)	526)	742)
Add: Allowance for doubtful trade receivables	78)	94)	59)	72)	68)	64)
Add: Excess of FIFO over LIFO cost²	144)	150)	154)	160)	169)	143)
Add: Deferred revenues	841)	603)	417)	485)	655)	641)
Add: Restructuring reserves	46)	244)	217)	—)	—)	—)
Add: Noncontrolling interest	20)	11)	15)	39)	169)	203)
After Adjustment
Adjusted total shareowners’ equity	7,195)	5,091)	7,175)	8,125)	13,094)	12,142)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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

² Excess of FIFO over LIFO cost. See details »

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Monsanto Co., adjusted capitalization table

US$ in millions

	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Short-term debt, including current portion of long-term debt	870)	1,587)	615)	233)	51)	36)
Long-term debt, excluding current portion	7,254)	7,453)	8,429)	7,528)	2,061)	2,038)
Total reported debt	8,124)	9,040)	9,044)	7,761)	2,112)	2,074)
Total Monsanto Company shareowners’ equity	6,438)	4,534)	6,990)	7,875)	12,559)	11,833)
Total reported capital	14,562)	13,574)	16,034)	15,636)	14,671)	13,907)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	458)	464)	467)	491)	435)	318)
Adjusted total debt	8,582)	9,504)	9,511)	8,252)	2,547)	2,392)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)²	372)	545)	677)	506)	526)	742)
Add: Allowance for doubtful trade receivables	78)	94)	59)	72)	68)	64)
Add: Excess of FIFO over LIFO cost³	144)	150)	154)	160)	169)	143)
Add: Deferred revenues	841)	603)	417)	485)	655)	641)
Add: Restructuring reserves	46)	244)	217)	—)	—)	—)
Add: Noncontrolling interest	20)	11)	15)	39)	169)	203)
Adjusted total shareowners’ equity	7,195)	5,091)	7,175)	8,125)	13,094)	12,142)
After Adjustment
Adjusted total capital	15,777)	14,595)	16,686)	16,377)	15,641)	14,534)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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

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

³ Excess of FIFO over LIFO cost. See details »

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Monsanto Co., adjusted net sales

US$ in millions

12 months ended:	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Net sales	14,640)	13,502)	15,001)	15,855)	14,861)	13,504)
Adjustment
Add: Increase (decrease) in deferred revenues	238)	186)	(68)	(170)	14)	(69)
After Adjustment
Adjusted net sales	14,878)	13,688)	14,933)	15,685)	14,875)	13,435)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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Monsanto Co., adjusted net income attributable to Monsanto Company

US$ in millions

12 months ended:	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013	Aug 31, 2012
As Reported
Net income attributable to Monsanto Company	2,260)	1,336)	2,314)	2,740)	2,482)	2,045)
Adjustments
Add: Deferred income tax expense (benefit)¹	46)	28)	(288)	(45)	126)	241)
Add: Increase (decrease) in allowance for doubtful trade receivables	(16)	35)	(13)	4)	4)	(34)
Add: Increase (decrease) in LIFO reserve²	(6)	(4)	(6)	(9)	26)	(43)
Add: Increase (decrease) in deferred revenues	238)	186)	(68)	(170)	14)	(69)
Add: Increase (decrease) in restructuring reserves	(198)	27)	217)	—)	—)	(24)
Less: Income on discontinued operations	13)	17)	28)	13)	11)	6)
Add: Other comprehensive income (loss), net of tax	382)	(8)	(1,691)	174)	(269)	(960)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	14)	(24)	7)	32)	16)	8)
After Adjustment
Adjusted net income	2,707)	1,559)	444)	2,713)	2,388)	1,158)

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

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

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

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Monsanto Co. (NYSE:MON)

Adjustments to Financial Statements

Adjustments to Current Assets

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