Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Assets Cash and cash equivalents $4,813 $9,342 Time deposits 950 C Marketable securities 53 Accounts and notes receivable (less allowance: 2018 $869; 2017 $490) 15,353 15,050 Inventories: Crude oil and petroleum products 3,383 3,142 Chemicals 487 476 Materials, supplies and other 1,834 1,967 Total inventories 5,704 5,585 Prepaid expenses and other current 2,922 2,800 assets Total Current Assets 34,021 28,560 Long-term receivables, net 1,942 2,849 Investments and advances 35,546 32,497 Properties, plant and equipment, at cost 340,244 344,485 Less: Accumulated depreciation, depletion and amortization 171,037 166,773 Properties, plant and equipment, net 169,207 177,712 Deferred charges and other assets 6,766 7,017 Goodwill 4,518 4,531 Assets held for sale 1,863 640 Total Assets 253,806 253,863 Liabilities and Equity Short-term debt 5,726 5,192 Accounts payable 13,953 14,565 Accrued liabilities 4,927 5,267 Federal and other taxes on income 1,600 1,628 Other taxes payable 937 1,113 Total Current Liabilities 27,737 27,171 Long-term debt 1] 33,571 28,733 Deferred credits and other noncurrent 19,742 21,106 obligations Noncurrent deferred income taxes 15,921 14,652 Noncurrent employee benefit plans 7,421 6,654 Total Liabilities [2] 98,221 104,487 Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 0 Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2018 and 2017) 1,832 1,832 16,848 Capital in excess of par value 17,112 Retained earnings 180,987 174,106 Accumulated other comprehensive (3,544) (3,589) losses Deferred compensation and benefit plan (240) (240) trust Treasury stock, at cost (2018 539,838,890 shares; 2017- 537,974,695) (41,593) (40,833) Total Chevron Corporation Stockholders' Equity 154,554 148,124 1,088 1,195 Noncontrolling interests Total Equity 155,642 149,319 Total Liabilities and Equity $253,863 $253,806 ] Includes capital lease obligations of $127 and $94 at December 31, 2018 and 2017, respectively 2 Refer to Note 23, "Other Contingencies and Commitments" beginning on page 86.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How to convert a balance sheet to a common size balance sheet 

Consolidated Balance Sheet - USD (S)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets
Cash and cash equivalents
$4,813
$9,342
Time deposits
950
C
Marketable securities
53
Accounts and notes receivable (less
allowance: 2018 $869; 2017 $490)
15,353
15,050
Inventories:
Crude oil and petroleum products
3,383
3,142
Chemicals
487
476
Materials, supplies and other
1,834
1,967
Total inventories
5,704
5,585
Prepaid expenses and other current
2,922
2,800
assets
Total Current Assets
34,021
28,560
Long-term receivables, net
1,942
2,849
Investments and advances
35,546
32,497
Properties, plant and equipment, at cost
340,244
344,485
Less: Accumulated depreciation,
depletion and amortization
171,037
166,773
Properties, plant and equipment, net
169,207
177,712
Deferred charges and other assets
6,766
7,017
Goodwill
4,518
4,531
Assets held for sale
1,863
640
Total Assets
253,806
253,863
Liabilities and Equity
Short-term debt
5,726
5,192
Accounts payable
13,953
14,565
Accrued liabilities
4,927
5,267
Federal and other taxes on income
1,600
1,628
Other taxes payable
937
1,113
Total Current Liabilities
27,737
27,171
Long-term debt
1]
33,571
28,733
Deferred credits and other noncurrent
19,742
21,106
obligations
Noncurrent deferred income taxes
15,921
14,652
Noncurrent employee benefit plans
7,421
6,654
Total Liabilities
[2]
98,221
104,487
Preferred stock (authorized 100,000,000
shares; $1.00 par value; none issued)
0
0
Common stock (authorized
6,000,000,000 shares; $0.75 par value;
2,442,676,580 shares issued at
December 31, 2018 and 2017)
1,832
1,832
16,848
Capital in excess of par value
17,112
Retained earnings
180,987
174,106
Accumulated other comprehensive
(3,544)
(3,589)
losses
Deferred compensation and benefit plan
(240)
(240)
trust
Treasury stock, at cost (2018
539,838,890 shares; 2017-
537,974,695)
(41,593)
(40,833)
Total Chevron Corporation Stockholders'
Equity
154,554
148,124
1,088
1,195
Noncontrolling interests
Total Equity
155,642
149,319
Total Liabilities and Equity
$253,863
$253,806
] Includes capital lease obligations of $127 and $94 at December 31, 2018 and 2017,
respectively
2 Refer to Note 23, "Other Contingencies and Commitments" beginning on page 86.
Transcribed Image Text:Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Assets Cash and cash equivalents $4,813 $9,342 Time deposits 950 C Marketable securities 53 Accounts and notes receivable (less allowance: 2018 $869; 2017 $490) 15,353 15,050 Inventories: Crude oil and petroleum products 3,383 3,142 Chemicals 487 476 Materials, supplies and other 1,834 1,967 Total inventories 5,704 5,585 Prepaid expenses and other current 2,922 2,800 assets Total Current Assets 34,021 28,560 Long-term receivables, net 1,942 2,849 Investments and advances 35,546 32,497 Properties, plant and equipment, at cost 340,244 344,485 Less: Accumulated depreciation, depletion and amortization 171,037 166,773 Properties, plant and equipment, net 169,207 177,712 Deferred charges and other assets 6,766 7,017 Goodwill 4,518 4,531 Assets held for sale 1,863 640 Total Assets 253,806 253,863 Liabilities and Equity Short-term debt 5,726 5,192 Accounts payable 13,953 14,565 Accrued liabilities 4,927 5,267 Federal and other taxes on income 1,600 1,628 Other taxes payable 937 1,113 Total Current Liabilities 27,737 27,171 Long-term debt 1] 33,571 28,733 Deferred credits and other noncurrent 19,742 21,106 obligations Noncurrent deferred income taxes 15,921 14,652 Noncurrent employee benefit plans 7,421 6,654 Total Liabilities [2] 98,221 104,487 Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 0 Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2018 and 2017) 1,832 1,832 16,848 Capital in excess of par value 17,112 Retained earnings 180,987 174,106 Accumulated other comprehensive (3,544) (3,589) losses Deferred compensation and benefit plan (240) (240) trust Treasury stock, at cost (2018 539,838,890 shares; 2017- 537,974,695) (41,593) (40,833) Total Chevron Corporation Stockholders' Equity 154,554 148,124 1,088 1,195 Noncontrolling interests Total Equity 155,642 149,319 Total Liabilities and Equity $253,863 $253,806 ] Includes capital lease obligations of $127 and $94 at December 31, 2018 and 2017, respectively 2 Refer to Note 23, "Other Contingencies and Commitments" beginning on page 86.
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