The elimination of the three-month reporting lag for the equity investment in Alliance Boots resulted in the adjustments as of and for the periods indicated below (in millions, except per share amounts). The impact of the change in accounting policy on the current period financial statements is not material.

	Three Months Ended May 31, 2014								Nine Months Ended May 31, 2014
	As Reported			Adjustments			After Change in Accounting Principle		As Reported			Adjustments			After Change in Accounting Principle

Consolidated Condensed Statements of Earnings
Equity earnings in Alliance Boots	$	137		$	(2	)	$	135	$	482		$	(17	)	$	465
Operating Income		1,026			(2	)		1,024		3,225			(17	)		3,208
Earnings Before Income Tax Provision		1,115			(2	)		1,113		3,402			(17	)		3,385
Income tax provision		351			6			357		1,166			1			1,167
Net Earnings		764			(8	)		756		2,236			(18	)		2,218
Net Earnings Attributable to Walgreens Boots Alliance, Inc.		722			(8	)		714		2,171			(18	)		2,153
Net earnings per common share attributable to Walgreens Boots Alliance, Inc. – basic		0.76			(0.01	)		0.75		2.28			(0.02	)		2.26
Net earnings per common share attributable to Walgreens Boots Alliance, Inc. – diluted		0.75			(0.01	)		0.74		2.25			(0.02	)		2.23

Consolidated Condensed Statements of Comprehensive Income
Net Earnings		764			(8	)		756		2,236			(18	)		2,218
Share of other comprehensive income (loss) of Alliance Boots		(19	)		68			49		(89	)		82			(7	)
Cumulative translation adjustments		69			(45	)		24		323			(18	)		305
Total Other Comprehensive Income		75			23			98		300			64			364
Total Comprehensive Income		839			15			854		2,536			46			2,582
Comprehensive Income Attributable to Walgreens Boots Alliance, Inc.	$	797		$	15		$	812	$	2,471		$	46		$	2,517

	As of August 31, 2014
	As Reported⁽¹⁾		Adjustments			After Change in Accounting Principle
Consolidated Condensed Balance Sheet
Non-Current Assets:
Equity investment in Alliance Boots	$	7,248	$	88		$	7,336
Total Non-Current Assets		24,920		88			25,008
Total Assets		37,162		88			37,250
Non-Current Liabilities:
Deferred income taxes		1,048		32			1,080
Total Non-Current Liabilities		7,706		32			7,738
Equity:
Retained earnings		22,229		98			22,327
Accumulated other comprehensive income		178		(42	)		136
Total Walgreens Boots Alliance, Inc. Shareholders’ Equity		20,457		56			20,513
Total Equity		20,561		56			20,617
Total Liabilities and Equity	$	37,162	$	88		$	37,250

	Nine Months Ended May 31, 2014
	As Reported			Adjustments			After Change in Accounting Principle
Consolidated Condensed Statement of Cash Flows
Cash Flows from Operating Activities:
Net earnings	$	2,236		$	(18	)	$	2,218
Deferred income taxes		218			1			219
Equity earnings in Alliance Boots		(482	)		17			(465	)

⁽¹⁾

Due to the adoption of Accounting Standards Update 2015-03, Interest – Imputation of Interest, all reported periods include debt issuance costs as a contra-liability. This impacts the August 31, 2014 Consolidated Condensed Balance Sheet by reducing non-current assets and non-current liabilities by $20 million.