Consolidated Balance Sheet USD ($) Dec. 31, 2018 $in Millions Assets Cash and cash equivalents $9,342 Time deposits 950 Marketable securities 53 Accounts and notes receivable (less allowance: 2018 $869; 2017- $490) 15,050 Inventories: Crude oil and petroleum products 3,383 Chemicals 487 Materials, supplies and other 1,834 Total inventories 5,704 Prepaid expenses and other current 2,922 assets 34,021 Total Current Assets Long-term receivables, net 1,942 Investments and advances 35,546 340,244 Properties, plant and equipment, at cost Less: Accumulated depreciation, depletion and amortization 171,037 Properties, plant and equipment, net 169,207 Deferred charges and other assets 6,766 Goodwill 4,518 Assets held for sale 1,863 253,863 Total Assets Liabilities and Equity Short-term debt 5,726 Accounts payable 13,953 Accrued liabilities 4,927 Federal and other taxes on income 1,628 Other taxes payable 937 Total Current Liabilities 27,171 Long-term debt [1) 28,733 Deferred credits and other noncurrent 19,742 obligations Noncurrent deferred income taxes 15,921 6,654 Noncurrent employee benefit plans Total Liabilities [2] 98,221 Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 Common stock (authorized 6,000,000,000 shares; $0.75 par value; 1,832 2,442,676,580 shares issued at December 31, 2018 and 2017) Capital in excess of par value 17,112 Retained earnings 180,987 Accumulated other comprehensive (3,544) losses Deferred compensation and benefit plan (240) trust Treasury stock, at cost (2018 539,838,890 shares; 2017- (41,593) 537,974,695) Total Chevron Corporation Stockholders Equity 154,554 1,088 Noncontrolling interests Total Equity 155,642 Total Liabilities and Equity 253,863
Consolidated Balance Sheet USD ($) Dec. 31, 2018 $in Millions Assets Cash and cash equivalents $9,342 Time deposits 950 Marketable securities 53 Accounts and notes receivable (less allowance: 2018 $869; 2017- $490) 15,050 Inventories: Crude oil and petroleum products 3,383 Chemicals 487 Materials, supplies and other 1,834 Total inventories 5,704 Prepaid expenses and other current 2,922 assets 34,021 Total Current Assets Long-term receivables, net 1,942 Investments and advances 35,546 340,244 Properties, plant and equipment, at cost Less: Accumulated depreciation, depletion and amortization 171,037 Properties, plant and equipment, net 169,207 Deferred charges and other assets 6,766 Goodwill 4,518 Assets held for sale 1,863 253,863 Total Assets Liabilities and Equity Short-term debt 5,726 Accounts payable 13,953 Accrued liabilities 4,927 Federal and other taxes on income 1,628 Other taxes payable 937 Total Current Liabilities 27,171 Long-term debt [1) 28,733 Deferred credits and other noncurrent 19,742 obligations Noncurrent deferred income taxes 15,921 6,654 Noncurrent employee benefit plans Total Liabilities [2] 98,221 Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 Common stock (authorized 6,000,000,000 shares; $0.75 par value; 1,832 2,442,676,580 shares issued at December 31, 2018 and 2017) Capital in excess of par value 17,112 Retained earnings 180,987 Accumulated other comprehensive (3,544) losses Deferred compensation and benefit plan (240) trust Treasury stock, at cost (2018 539,838,890 shares; 2017- (41,593) 537,974,695) Total Chevron Corporation Stockholders Equity 154,554 1,088 Noncontrolling interests Total Equity 155,642 Total Liabilities and Equity 253,863
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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How to convert a
![Consolidated Balance Sheet USD ($)
Dec. 31, 2018
$in Millions
Assets
Cash and cash equivalents
$9,342
Time deposits
950
Marketable securities
53
Accounts and notes receivable (less
allowance: 2018 $869; 2017- $490)
15,050
Inventories:
Crude oil and petroleum products
3,383
Chemicals
487
Materials, supplies and other
1,834
Total inventories
5,704
Prepaid expenses and other current
2,922
assets
34,021
Total Current Assets
Long-term receivables, net
1,942
Investments and advances
35,546
340,244
Properties, plant and equipment, at cost
Less: Accumulated depreciation,
depletion and amortization
171,037
Properties, plant and equipment, net
169,207
Deferred charges and other assets
6,766
Goodwill
4,518
Assets held for sale
1,863
253,863
Total Assets
Liabilities and Equity
Short-term debt
5,726
Accounts payable
13,953
Accrued liabilities
4,927
Federal and other taxes on income
1,628
Other taxes payable
937
Total Current Liabilities
27,171
Long-term debt
[1)
28,733
Deferred credits and other noncurrent
19,742
obligations
Noncurrent deferred income taxes
15,921
6,654
Noncurrent employee benefit plans
Total Liabilities
[2]
98,221
Preferred stock (authorized 100,000,000
shares; $1.00 par value; none issued)
0
Common stock (authorized
6,000,000,000 shares; $0.75 par value;
1,832
2,442,676,580 shares issued at
December 31, 2018 and 2017)
Capital in excess of par value
17,112
Retained earnings
180,987
Accumulated other comprehensive
(3,544)
losses
Deferred compensation and benefit plan
(240)
trust
Treasury stock, at cost (2018
539,838,890 shares; 2017-
(41,593)
537,974,695)
Total Chevron Corporation Stockholders
Equity
154,554
1,088
Noncontrolling interests
Total Equity
155,642
Total Liabilities and Equity
253,863](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5940f3c3-1c7c-4301-8644-2d7171692061%2F7e680073-e303-4969-828e-7a37582d43e5%2F4zwz1ob.jpeg&w=3840&q=75)
Transcribed Image Text:Consolidated Balance Sheet USD ($)
Dec. 31, 2018
$in Millions
Assets
Cash and cash equivalents
$9,342
Time deposits
950
Marketable securities
53
Accounts and notes receivable (less
allowance: 2018 $869; 2017- $490)
15,050
Inventories:
Crude oil and petroleum products
3,383
Chemicals
487
Materials, supplies and other
1,834
Total inventories
5,704
Prepaid expenses and other current
2,922
assets
34,021
Total Current Assets
Long-term receivables, net
1,942
Investments and advances
35,546
340,244
Properties, plant and equipment, at cost
Less: Accumulated depreciation,
depletion and amortization
171,037
Properties, plant and equipment, net
169,207
Deferred charges and other assets
6,766
Goodwill
4,518
Assets held for sale
1,863
253,863
Total Assets
Liabilities and Equity
Short-term debt
5,726
Accounts payable
13,953
Accrued liabilities
4,927
Federal and other taxes on income
1,628
Other taxes payable
937
Total Current Liabilities
27,171
Long-term debt
[1)
28,733
Deferred credits and other noncurrent
19,742
obligations
Noncurrent deferred income taxes
15,921
6,654
Noncurrent employee benefit plans
Total Liabilities
[2]
98,221
Preferred stock (authorized 100,000,000
shares; $1.00 par value; none issued)
0
Common stock (authorized
6,000,000,000 shares; $0.75 par value;
1,832
2,442,676,580 shares issued at
December 31, 2018 and 2017)
Capital in excess of par value
17,112
Retained earnings
180,987
Accumulated other comprehensive
(3,544)
losses
Deferred compensation and benefit plan
(240)
trust
Treasury stock, at cost (2018
539,838,890 shares; 2017-
(41,593)
537,974,695)
Total Chevron Corporation Stockholders
Equity
154,554
1,088
Noncontrolling interests
Total Equity
155,642
Total Liabilities and Equity
253,863
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