4. Determine FLEV and Spread and the noncontrolling interest ratio (if applicable). Show that: ROE = [RNOA + (FLEV Spread)] x Noncontrolling interest ratio Compare the components of the equation for each company over time and follow up on any differences. Consolidated Balance Sheet - USD ($) $ in Million Dec 31, 2018 increase or decrease Assets $9,342 3.68% 0.02% 593% 1.33% 0.19% 2.25% 5,704 2.222 3401 1.15% 13.40% 0.76% 35,546 340.244 171037 169 207 14.00% 134,03% 67.37% 66,65% 267% 1.78% 4.518 0.73% 232.863 10000% Cash and cash equivalents Time deposits Marketable securities Accounts and notes receivable (less allowance 2018 - $869,2017 - $490) Inventories: Crude oil and petroleum products Chemicals Materials, supplies and other Total inventories Prepaid expenses and other current assets Total Current Assets Long-term receivables, et Investments and advances Properties, plant and equipment, at cost Less: Accumulated depreciation, depletion and amortization Properties, plant and equipment, net Deferred changes and other awets Goodwill Assets held for sale Total Assets Liabilities and Equity Short-term debt Accounts payable Accrued abilities Federal and other son income Other awes payable Total Current Liabilities Long-term debt Deferred credits and other concurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Total Liabilities Preferred stock (authorized 100,000,000 shares: $1.00 par valut, none issued) Common stock (authorized 6,000,000,000 shares; $0.75 par value: 2,442,676,580 shares issued at December 31, 2018 and 2017) Capital in excess of par value Retained earnings Accumulated other comprehensive losses Deferred compensation and benefit plan trust Treasury stock, at cost (2018- 539,838,890 shares: 2017-537,974,695) Total Chevron Corporation Stockholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity 5.726 13,953 194% 0.64% 10.70% 27,171 21.733 19,742 15,921 11 32% 7.78% 627% 98,221 2.62% 38.69% 1832 0.72% 17.112 6.74% 180387 71.29% -1.40% -0.09% (2401 (41,593) 154.554 -16 GO BEX 135.642 6131% $ 26 100.00% Indudes capital lease obligations of $127 and SM at December 31, 2018 and 2017, Refer to Note 23,"Other Contingencies and 4. Determine FLEV and Spread and the noncontrolling interest ratio (if applicable). Show that: ROE = [RNOA + (FLEV Spread)] x Noncontrolling interest ratio Compare the components of the equation for each company over time and follow up on any differences. Consolidated Balance Sheet - USD ($) $ in Million Dec 31, 2018 increase or decrease Assets $9,342 3.68% 0.02% 593% 1.33% 0.19% 2.25% 5,704 2.222 3401 1.15% 13.40% 0.76% 35,546 340.244 171037 169 207 14.00% 134,03% 67.37% 66,65% 267% 1.78% 4.518 0.73% 232.863 10000% Cash and cash equivalents Time deposits Marketable securities Accounts and notes receivable (less allowance 2018 - $869,2017 - $490) Inventories: Crude oil and petroleum products Chemicals Materials, supplies and other Total inventories Prepaid expenses and other current assets Total Current Assets Long-term receivables, et Investments and advances Properties, plant and equipment, at cost Less: Accumulated depreciation, depletion and amortization Properties, plant and equipment, net Deferred changes and other awets Goodwill Assets held for sale Total Assets Liabilities and Equity Short-term debt Accounts payable Accrued abilities Federal and other son income Other awes payable Total Current Liabilities Long-term debt Deferred credits and other concurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Total Liabilities Preferred stock (authorized 100,000,000 shares: $1.00 par valut, none issued) Common stock (authorized 6,000,000,000 shares; $0.75 par value: 2,442,676,580 shares issued at December 31, 2018 and 2017) Capital in excess of par value Retained earnings Accumulated other comprehensive losses Deferred compensation and benefit plan trust Treasury stock, at cost (2018- 539,838,890 shares: 2017-537,974,695) Total Chevron Corporation Stockholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity 5.726 13,953 194% 0.64% 10.70% 27,171 21.733 19,742 15,921 11 32% 7.78% 627% 98,221 2.62% 38.69% 1832 0.72% 17.112 6.74% 180387 71.29% -1.40% -0.09% (2401 (41,593) 154.554 -16 GO BEX 135.642 6131% $ 26 100.00% Indudes capital lease obligations of $127 and SM at December 31, 2018 and 2017, Refer to Note 23,"Other Contingencies and