Dollars in millions
|Sales & other revenues||$107,164||$120,393||$134,872||$136,654||$133,859|
|Adjusted operating earnings a||1,642||1,926||1,885||2,413||1,440|
|Net property & other assets||25,104||24,626||24,403||22,682||22,142|
|Current noninterest-bearing liabilities||14,598||15,343||15,946||15,204||16,836|
|Total stockholders' equity||28,376||27,318||28,183||27,116||26,411|
|Total liabilities & stockholders' equity||57,489||59,239||62,281||59,880||62,582|
a Cargill reports financial results in accordance with U.S. generally accepted accounting principles (GAAP). Effective in fiscal 2016, the company also reports adjusted operating earnings, a non-GAAP financial measure that provides additional insight into the underlying financial performance of the company’s ongoing operations. In calculating adjusted operating earnings, Cargill excludes the following seven items: timing differences related to inventory, derivatives and hedging; last-in-first-out (LIFO) inventory adjustments; amortization of intangible assets; gains and losses on changes in investment structure; asset impairment and restructuring charges; gains and losses on sales of businesses and other long-term assets; and earnings attributable to non-controlling interests of Cargll's asset management business.
Summarized from the audited financial statements, except for adjusted operating earnings. The footnotes to the financial statements are an integral part of the consolidated financial statements.