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

Reynolds American Inc., adjusted current assets

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Current assets	4,238)	6,187)	3,323)	3,655)	4,812)
Adjustments
Add: LIFO allowance¹	139)	154)	204)	206)	192)
Less: Current deferred tax assets²	—)	1,032)	703)	606)	908)
After Adjustment
Adjusted current assets	4,377)	5,309)	2,824)	3,255)	4,096)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

¹ LIFO allowance. See details »

² Current deferred tax assets. See details »

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Reynolds American Inc., adjusted total assets

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Total assets	51,095)	53,224)	15,196)	15,402)	16,557)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	25)	26)	28)	61)	58)
Add: LIFO allowance²	139)	154)	204)	206)	192)
Less: Current deferred tax assets³	—)	1,032)	703)	606)	908)
Less: Noncurrent deferred tax assets⁴	—)	—)	9)	12)	—)
After Adjustment
Adjusted total assets	51,259)	52,372)	14,716)	15,051)	15,899)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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

² LIFO allowance. See details »

³ Current deferred tax assets. See details »

⁴ Noncurrent deferred tax assets. See details »

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Reynolds American Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Current liabilities	4,985)	5,291)	3,544)	3,076)	3,769)
Adjustments
Less: Current deferred revenue, related party	66)	33)	32)	48)	42)
After Adjustment
Adjusted current liabilities	4,919)	5,258)	3,512)	3,028)	3,727)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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Reynolds American Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Total liabilities	29,384)	34,972)	10,674)	10,235)	11,300)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	25)	26)	28)	61)	58)
Less: Noncurrent deferred tax liabilities²	9,607)	10,236)	383)	658)	461)
Less: Deferred revenue, related party	105)	33)	32)	48)	42)
After Adjustment
Adjusted total liabilities	19,697)	24,729)	10,287)	9,590)	10,855)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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

² Noncurrent deferred tax liabilities. See details »

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Reynolds American Inc., adjusted shareholders’ equity

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Shareholders’ equity	21,711)	18,252)	4,522)	5,167)	5,257)
Adjustments
Less: Net deferred tax asset (liability)¹	(9,607)	(9,204)	329)	(40)	447)
Add: LIFO allowance²	139)	154)	204)	206)	192)
Add: Deferred revenue, related party	105)	33)	32)	48)	42)
After Adjustment
Adjusted shareholders’ equity	31,562)	27,643)	4,429)	5,461)	5,044)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

¹ Net deferred tax asset (liability). See details »

² LIFO allowance. See details »

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Reynolds American Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Current maturities of long-term debt	501)	506)	450)	—)	60)
Long-term debt, less current maturities	12,664)	16,941)	4,633)	5,099)	5,035)
Total reported debt	13,165)	17,447)	5,083)	5,099)	5,095)
Shareholders’ equity	21,711)	18,252)	4,522)	5,167)	5,257)
Total reported capital	34,876)	35,699)	9,605)	10,266)	10,352)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	25)	26)	28)	61)	58)
Adjusted total debt	13,190)	17,473)	5,111)	5,160)	5,153)
Adjustments to Equity
Less: Net deferred tax asset (liability)²	(9,607)	(9,204)	329)	(40)	447)
Add: LIFO allowance³	139)	154)	204)	206)	192)
Add: Deferred revenue, related party	105)	33)	32)	48)	42)
Adjusted shareholders’ equity	31,562)	27,643)	4,429)	5,461)	5,044)
After Adjustment
Adjusted total capital	44,752)	45,116)	9,540)	10,621)	10,197)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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

² Net deferred tax asset (liability). See details »

³ LIFO allowance. See details »

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Reynolds American Inc., adjusted net sales, includes excise taxes

US$ in millions

12 months ended:	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Net sales, includes excise taxes	16,846)	14,884)	12,096)	11,966)	12,227)
Adjustment
Add: Increase (decrease) in deferred revenue, related party	72)	1)	(16)	6)	—)
After Adjustment
Adjusted net sales, includes excise taxes	16,918)	14,885)	12,080)	11,972)	12,227)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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Reynolds American Inc., adjusted net income

US$ in millions

12 months ended:	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
As Reported
Net income	6,073)	3,253)	1,470)	1,718)	1,272)
Adjustments
Add: Deferred income tax expense (benefit)¹	387)	(659)	(180)	312)	(44)
Add: Increase (decrease) in LIFO reserve²	(15)	(50)	(2)	14)	7)
Add: Increase (decrease) in deferred revenue, related party	72)	1)	(16)	6)	—)
Less: Income from discontinued operations, net of tax	—)	—)	25)	—)	—)
Add: Other comprehensive income (loss), net of tax	24)	26)	(308)	255)	71)
After Adjustment
Adjusted net income	6,541)	2,571)	939)	2,305)	1,306)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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

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

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Reynolds American Inc. (NYSE:RAI)

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