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Business
Accounting
Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Current assets Cash and cash equivalents $ 3,042 $3,177 Notes and accounts receivable, less estimated doubtful amounts 24,70 25,597 Inventories Crude oil, products and merchandise Materials and supplies 12,871 14,803 4,155 4,121 Other current assets 1,272 1,368 47,973 Total current assets 47,134 Investments, advances and long-term receivables 40,790 39,160 Property, plant and equipment, at cost, less accumulated depreciation and depletion Other assets, including intangibles, net 247,10 252,630 10,332 9,767 Total assets 348,691 346,196 Current liabilities Notes and loans payable 17,930 17,258 Accounts payable and accrued liabilities Income taxes payable 37,268 36,796 2,612 3,045 57,771 Total current liabilities 57,138 |Long-term debt Postretirement benefits reserves 20,538 24,406 20,272 21,132 27,244 Deferred income tax liabilities 26,893 Long-term obligations to equity companies Other long-term obligations 4,382 4,774 18,094 19,215 Total liabilities 147,668 154,19 Commitments and contingencies Equity 15,258 Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) 14,656 Earnings reinvested Accumulated other comprehensive income 421,653 414,540 (19,564) (16,262) (225,553) 191,794 Common stock held in treasury (3,782 million shares in 2018 and 3,780 million shares in 2017) ExxonMobil share of equity (225,246) 187,688 Noncontrolling interests Total equity Total liabilities and equity 6,812 6,734 98,528 194,500 $ 346,196 348,691

Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Current assets Cash and cash equivalents $ 3,042 $3,177 Notes and accounts receivable, less estimated doubtful amounts 24,70 25,597 Inventories Crude oil, products and merchandise Materials and supplies 12,871 14,803 4,155 4,121 Other current assets 1,272 1,368 47,973 Total current assets 47,134 Investments, advances and long-term receivables 40,790 39,160 Property, plant and equipment, at cost, less accumulated depreciation and depletion Other assets, including intangibles, net 247,10 252,630 10,332 9,767 Total assets 348,691 346,196 Current liabilities Notes and loans payable 17,930 17,258 Accounts payable and accrued liabilities Income taxes payable 37,268 36,796 2,612 3,045 57,771 Total current liabilities 57,138 |Long-term debt Postretirement benefits reserves 20,538 24,406 20,272 21,132 27,244 Deferred income tax liabilities 26,893 Long-term obligations to equity companies Other long-term obligations 4,382 4,774 18,094 19,215 Total liabilities 147,668 154,19 Commitments and contingencies Equity 15,258 Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) 14,656 Earnings reinvested Accumulated other comprehensive income 421,653 414,540 (19,564) (16,262) (225,553) 191,794 Common stock held in treasury (3,782 million shares in 2018 and 3,780 million shares in 2017) ExxonMobil share of equity (225,246) 187,688 Noncontrolling interests Total equity Total liabilities and equity 6,812 6,734 98,528 194,500 $ 346,196 348,691

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Converting a balance sheet to a common size balance sheet

Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Current assets Cash and cash equivalents $ 3,042 $3,177 Notes and accounts receivable, less estimated doubtful amounts 24,70 25,597 Inventories Crude oil, products and merchandise Materials and supplies 12,871 14,803 4,155 4,121 Other current assets 1,272 1,368 47,973 Total current assets 47,134 Investments, advances and long-term receivables 40,790 39,160 Property, plant and equipment, at cost, less accumulated depreciation and depletion Other assets, including intangibles, net 247,10 252,630 10,332 9,767 Total assets 348,691 346,196 Current liabilities Notes and loans payable 17,930 17,258 Accounts payable and accrued liabilities Income taxes payable 37,268 36,796 2,612 3,045 57,771 Total current liabilities 57,138 |Long-term debt Postretirement benefits reserves 20,538 24,406 20,272 21,132 27,244 Deferred income tax liabilities 26,893 Long-term obligations to equity companies Other long-term obligations 4,382 4,774 18,094 19,215 Total liabilities 147,668 154,19 Commitments and contingencies Equity 15,258 Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) 14,656 Earnings reinvested Accumulated other comprehensive income 421,653 414,540 (19,564) (16,262) (225,553) 191,794 Common stock held in treasury (3,782 million shares in 2018 and 3,780 million shares in 2017) ExxonMobil share of equity (225,246) 187,688 Noncontrolling interests Total equity Total liabilities and equity 6,812 6,734 98,528 194,500 $ 346,196 348,691
Transcribed Image Text:Consolidated Balance Sheet - USD (S) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Current assets Cash and cash equivalents $ 3,042 $3,177 Notes and accounts receivable, less estimated doubtful amounts 24,70 25,597 Inventories Crude oil, products and merchandise Materials and supplies 12,871 14,803 4,155 4,121 Other current assets 1,272 1,368 47,973 Total current assets 47,134 Investments, advances and long-term receivables 40,790 39,160 Property, plant and equipment, at cost, less accumulated depreciation and depletion Other assets, including intangibles, net 247,10 252,630 10,332 9,767 Total assets 348,691 346,196 Current liabilities Notes and loans payable 17,930 17,258 Accounts payable and accrued liabilities Income taxes payable 37,268 36,796 2,612 3,045 57,771 Total current liabilities 57,138 |Long-term debt Postretirement benefits reserves 20,538 24,406 20,272 21,132 27,244 Deferred income tax liabilities 26,893 Long-term obligations to equity companies Other long-term obligations 4,382 4,774 18,094 19,215 Total liabilities 147,668 154,19 Commitments and contingencies Equity 15,258 Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) 14,656 Earnings reinvested Accumulated other comprehensive income 421,653 414,540 (19,564) (16,262) (225,553) 191,794 Common stock held in treasury (3,782 million shares in 2018 and 3,780 million shares in 2017) ExxonMobil share of equity (225,246) 187,688 Noncontrolling interests Total equity Total liabilities and equity 6,812 6,734 98,528 194,500 $ 346,196 348,691
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