Changes in Financial Statement Presentation

As a result of the Merger, certain reclassifications of prior period amounts have been made to improve comparability and conform to the presentation that will be adopted for DowDuPont. Presentation changes were made to the consolidated statements of income, consolidated balance sheets, consolidated statements of cash flows and consolidated statements of equity. In addition, certain reclassifications of prior year's data have been made in the notes to the Consolidated Financial Statements to conform to the current period presentation.

The changes to the financial statements are summarized as follows:

Consolidated Statements of Income

Costs associated with integration and separation activities are now separately reported as “Integration and separation costs” and have been reclassified from “Cost of sales” and “Selling, general and administrative expenses.” In addition, “Interest income” has been reclassified to “Sundry income (expense) - net.” A summary of the changes made to the consolidated statements of income is as follows:



Summary of Changes to the Consolidated Statements of Income	Three Months Ended					Nine Months Ended
Summary of Changes to the Consolidated Statements of Income	Sep 30, 2016			Sep 30, 2016		Sep 30, 2016		Sep 30, 2016
In millions	As Filed			Updated		As Filed		Updated
Cost of sales	$	9,841		$	9,840	$	27,067	$	27,066
Selling, general and administrative expenses	$	864		$	738	$	2,393	$	2,166
Integration and separation costs	$	—		$	127	$	—	$	228
Sundry income (expense) - net	$	(4	)	$	22	$	1,305	$	1,369
Interest income	$	26		$	—	$	64	$	—

Consolidated Balance Sheets

The Company reclassified “Dividends payable” to “Accrued and other current liabilities” and the current portion of deferred revenue has been reclassified from “Accounts payable - Other” to “Accrued and other current liabilities.” In addition, certain derivative assets have been reclassified from “Accounts and notes receivable - Other” to “Other current assets” and certain derivative liabilities have been reclassified from “Accounts payable - Other” to “Accrued and other current liabilities.” A summary of the changes made to the consolidated balance sheets is as follows:



Summary of Changes to the Consolidated Balance Sheets	Dec 31, 2016
In millions	As Filed		Updated
Accounts and notes receivable - Other	$	4,358	$	4,312
Other current assets	$	665	$	711
Accounts payable - Other	$	2,401	$	2,097
Dividends payable	$	508	$	—
Accrued and other current liabilities	$	3,669	$	4,481

Consolidated Statements of Cash Flows

A summary of the changes made to the consolidated statements of cash flows is as follows:



Summary of Changes to the Consolidated Statements of Cash Flows	Nine Months Ended
	Sep 30, 2016
In millions	As Filed			Updated
Operating Activities
Net periodic pension benefit cost	$	—		$	312
Net gain on sales of assets, businesses and investments	$	—		$	(179	)
Net gain on sales of investments	$	(97	)	$	—
Net gain on sales of property, businesses and consolidated companies	$	(82	)	$	—
Other net loss	$	97		$	300
Accounts payable	$	695		$	1,031
Other assets and liabilities - net ¹	$	520		$	(331	)
Financing Activities
Transaction financing, debt issuance and other costs	$	(2	)	$	—
Other financing activities - net	$	—		$	(2	)

1. As updated for ASU 2016-09.

Consolidated Statements of Equity

A summary of the changes made to the consolidated statements of equity is as follows:



Summary of Changes to the Consolidated Statements of Equity	Nine Months Ended
	Sep 30, 2016
In millions	As Filed			Updated
Dividend equivalents on participating securities	$	(21	)	$	—
Other	$	—		$	(21	)