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As Of Filer Filing For·On·As Docs:Size 10/27/17 Monsanto Co/New 10-K 8/31/17 166:23M |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 1.64M 2: EX-10.15.16 Material Contract HTML 85K 3: EX-10.15.17 Material Contract HTML 72K 4: EX-10.20 Material Contract HTML 76K 6: EX-21 Subsidiaries List HTML 47K 7: EX-23 Consent of Experts or Counsel HTML 46K 11: EX-95 Mine-Safety Disclosure HTML 46K 5: EX-12 Statement re: Computation of Ratios HTML 79K 8: EX-31.1 Certification -- §302 - SOA'02 HTML 53K 9: EX-31.2 Certification -- §302 - SOA'02 HTML 53K 10: EX-32 Certification -- §906 - SOA'02 HTML 48K 18: R1 Document and Entity Information HTML 72K 19: R2 Statements of Consolidated Operations HTML 158K 20: R3 Statements of Consolidated Comprehensive Income HTML 92K 21: R4 Statements of Consolidated Comprehensive Income HTML 62K (Parenthetical) 22: R5 Statements of Consolidated Financial Position HTML 179K 23: R6 Statements of Consolidated Financial Position HTML 77K (Parenthetical) 24: R7 Statements of Consolidated Cash Flows HTML 159K 25: R8 Statements of Consolidated Shareholders Equity HTML 108K 26: R9 Statements of Consolidated Shareholders Equity HTML 46K (Parenthetical) 27: R10 Background and Basis of Presentation HTML 54K 28: R11 Significant Accounting Policies HTML 89K 29: R12 New Accounting Standards HTML 69K 30: R13 Business Combinations HTML 47K 31: R14 Restructuring HTML 151K 32: R15 Receivables HTML 96K 33: R16 Customer Financing Programs HTML 78K 34: R17 Variable Interest Entities HTML 66K 35: R18 Inventory HTML 68K 36: R19 Property, Plant and Equipment HTML 60K 37: R20 Goodwill and Other Intangible Assets HTML 104K 38: R21 Income Taxes HTML 136K 39: R22 Debt and Other Credit Arrangements HTML 98K 40: R23 Fair Value Measurements HTML 152K 41: R24 Financial Instruments HTML 359K 42: R25 Postretirement Benefits - Pensions HTML 540K 43: R26 Postretirement Benefits - Health Care and Other HTML 118K Postemployment Benefits 44: R27 Employee Savings Plans HTML 49K 45: R28 Stock-Based Compensation Plans HTML 140K 46: R29 Capital Stock HTML 51K 47: R30 Accumulated Other Comprehensive Loss HTML 116K 48: R31 Earnings Per Share HTML 53K 49: R32 Supplemental Cash Flow Information HTML 60K 50: R33 Commitments and Contingencies HTML 145K 51: R34 Segment and Geographic Data HTML 173K 52: R35 Quarterly Data (Unaudited) HTML 147K 53: R36 Significant Accounting Policies (Policies) HTML 141K 54: R37 Restructuring Restructuring (Tables) HTML 119K 55: R38 Receivables (Tables) HTML 94K 56: R39 Customer Financing Programs (Tables) HTML 72K 57: R40 Variable Interest Entities (Tables) HTML 52K 58: R41 Inventory (Tables) HTML 69K 59: R42 Property, Plant and Equipment (Tables) HTML 58K 60: R43 Goodwill and Other Intangible Assets (Tables) HTML 101K 61: R44 Income Taxes (Tables) HTML 137K 62: R45 Debt and Other Credit Arrangements (Tables) HTML 97K 63: R46 Fair Value Measurements (Tables) HTML 134K 64: R47 Financial Instruments (Tables) HTML 346K 65: R48 Postretirement Benefits - Pensions (Tables) HTML 549K 66: R49 Postretirement Benefits - Health Care and Other HTML 126K Postemployment Benefits (Tables) 67: R50 Stock-Based Compensation Plans (Tables) HTML 131K 68: R51 Accumulated Other Comprehensive Loss (Tables) HTML 117K 69: R52 Earnings Per Share (Tables) HTML 53K 70: R53 Supplemental Cash Flow (Tables) HTML 52K 71: R54 Commitments and Contingencies (Tables) HTML 126K 72: R55 Segment and Geographic Data (Tables) HTML 176K 73: R56 Quarterly Data (Unaudited) (Tables) HTML 146K 74: R57 BACKGROUND AND BASIS OF PRESENTATION Narrative HTML 78K (Details) 75: R58 Significant Accounting Policies (Narrative) HTML 48K (Details) 76: R59 Significant Accounting Policies (Other Intangible HTML 59K Assets - Narrative) (Details) 77: R60 Significant Accounting Policies (Property, Plant HTML 55K and Equipment - Narrative) (Details) 78: R61 Business Combinations (Narrative) (Details) HTML 47K 79: R62 RESTRUCTURING - Schedule of restructuring charges HTML 97K recored in the statement of consolidated operations (Details) 80: R63 RESTRUCTURING - Pretax restructuring charges HTML 106K related to 2015 restructuring (Details) 81: R64 RESTRUCTURING - Restructuring Charges by Activity HTML 88K (Details) 82: R65 RESTRUCTURING - Narrative (Details) HTML 88K 83: R66 Receivables (Details) HTML 78K 84: R67 Receivables (Trade Receivables by Customer HTML 71K Concentration) (Details) 85: R68 Customer Financing Programs (Details) HTML 72K 86: R69 VARIABLE INTEREST ENTITIES Narrative (Details) HTML 73K 87: R70 VARIABLE INTEREST ENTITIES - Equity Method and HTML 53K Cost Method Investments (Details) 88: R71 Inventory (Details) HTML 75K 89: R72 Inventory INVENTORY - Impairment (Details) HTML 62K 90: R73 Property, Plant and Equipment (Details) HTML 86K 91: R74 GOODWILL AND OTHER INTANGIBLE ASSETS Schedule of HTML 62K net carrying amount of goodwill (Details) 92: R75 GOODWILL AND OTHER INTANGIBLE ASSETS Information HTML 78K of other intangible assets (Details) 93: R76 GOODWILL AND OTHER INTANGIBLE ASSETS Schedule of HTML 56K estimated amortization expense (Details) 94: R77 Income Taxes (Components of income from continuing HTML 52K operations) (Details) 95: R78 Income Taxes (Components of income tax provision) HTML 72K (Details) 96: R79 Income Taxes (Income Tax Reconciliation) (Details) HTML 71K 97: R80 Income Taxes (Components of deferred tax assets HTML 82K and liabilities) (Details) 98: R81 Income Taxes (Narrative) (Details) HTML 66K 99: R82 Income Taxes (Reconciliation of unrecognized tax HTML 60K benefits) (Details) 100: R83 Income Taxes (Years subject to examination) HTML 59K (Details) 101: R84 Debt and Other Credit Arrangements (Short-term HTML 56K Debt) (Details) 102: R85 Debt and Other Credit Arrangements (Long-term HTML 118K Debt) (Details) 103: R86 Debt and Other Credit Arrangements (Narrative) HTML 121K (Details) 104: R87 Debt and Other Credit Arrangements (Interest HTML 51K expense) (Details) 105: R88 Fair Value Measurements (Fair Value Hierarchy HTML 94K Levels) (Details) 106: R89 Fair Value Measurements (Summary of the Change in HTML 73K Level 3 Liability) (Details) 107: R90 Fair Value Measurements (Narrative) (Details) HTML 79K 108: R91 FINANCIAL INSTRUMENTS Narrative (Details) HTML 70K 109: R92 FINANCIAL INSTRUMENTS Notional Amounts of HTML 59K Derivative Instruments Outstanding (Details) 110: R93 FINANCIAL INSTRUMENTS Fair Value of Derivatives HTML 194K Outstanding (Details) 111: R94 FINANCIAL INSTRUMENTS Gain (Loss) from Derivatives HTML 98K (Details) 112: R95 Postretirement Benefits - Pensions (Narrative) HTML 78K (Details) 113: R96 Postretirement Benefits - Pensions (Components of HTML 77K Net Periodic Benefit Cost) (Details) 114: R97 Postretirement Benefits - Pensions (Changes HTML 68K Recognized in OCI Pension) (Details) 115: R98 Postretirement Benefits - Pensions (Assumptions HTML 59K Used to Determine Pension Costs) (Details) 116: R99 Postretirement Benefits - Pensions (Schedule of HTML 130K Funded Status) (Details) 117: R100 Postretirement Benefits - Pensions (Assumptions HTML 54K Used to Determine Pension Benefit Obligation) (Details) 118: R101 Postretirement Benefits - Pensions (Projected HTML 55K Benefit Obligations in Excess of Plan Assets) (Details) 119: R102 Postretirement Benefits - Pensions (Accumulated HTML 59K Benefit Obligations in Excess of Plan Assets) (Details) 120: R103 Postretirement Benefits - Pensions (Net Amount HTML 66K Recognized) (Details) 121: R104 Postretirement Benefits - Pensions (Pre-Tax HTML 59K Components Recognized in AOCI Pension) (Details) 122: R105 Postretirement Benefits - Pensions (Pension Plan HTML 84K Asset Allocation United States) (Details) 123: R106 Postretirement Benefits - Pensions (Pension Plan HTML 68K Asset Allocation Foreign) (Details) 124: R107 Postretirement Benefits - Pensions (United States HTML 181K Pension Plan Asset Fair Value) (Details) 125: R108 Postretirement Benefits - Pension (United States HTML 72K Pension Plan Asset Level 3 Rollforward) (Details) 126: R109 Postretirement Benefits - Pensions (Investments at HTML 62K Fair Value to Plan Assets Reconciliation) (Details) 127: R110 Postretirement Benefits - Pensions (Foreign HTML 86K Pension Plan Asset Fair Value) (Details) 128: R111 Postretirement Benefits - Pension (Foreign Pension HTML 61K Plan Asset Level 3 Rollforward) (Details) 129: R112 Postretirement Benefits - Pension Summary of HTML 69K Unfunded Commitments and Redemption Features Measured Using NAV (Details) 130: R113 Postretirement Benefits - Pension (Expected Cash HTML 68K Flows Pension) (Details) 131: R114 Postretirement Benefits - Health Care and Other HTML 59K Postemployment Benefits (Net Periodic Cost Postretirement) (Details) 132: R115 Postretirement Benefits - Health Care and Other HTML 65K Postemployment Benefits (Changes Recognized in OCI Postretirement) (Details) 133: R116 Postretirement Benefits - Health Care and Other HTML 64K Postemployment Benefits (Narrative) (Details) 134: R117 Postretirement Benefits - Health Care and Other HTML 55K Postemployment Benefits (Assumptions Used to Determine Postretirement Costs) (Details) 135: R118 Postretirement Benefits - Health Care and Other HTML 63K Postemployment Benefits (Benefit Obligations Postretirement) (Details) 136: R119 Postretirement Benefits - Health Care and Other HTML 55K Postemployment Benefits (Assumptions Used to Determine Postretirement Benefit Obligation) (Details) 137: R120 Postretirement Benefits - Health Care and Other HTML 56K Postemployment Benefits (Postretirement Amounts Recognized in Statements of Consolidated Financial Position) (Details) 138: R121 Postretirement Benefits - Health Care and Other HTML 51K Postemployment Benefits (Pre-Tax Components Recognized in AOCI Postretirement) (Details) 139: R122 Postretirement Benefits - Health Care and Other HTML 63K Postemployment Benefits (Expected Cash Flows Postretirement) (Details) 140: R123 Employee Savings Plans (Details) HTML 62K 141: R124 Stock-Based Compensation Plans (Narrative) HTML 108K (Details) 142: R125 Stock-Based Compensation Plans (Components of HTML 75K Stock Based Compensation) (Details) 143: R126 Stock-Based Compensation Plans (Rollforward of HTML 66K Stock Options) (Details) 144: R127 Stock-Based Compensation Plans (Restricted Stock) HTML 91K (Details) 145: R128 Stock-Based Compensation Plans (Assumptions Used HTML 63K to Value Stock Options) (Details) 146: R129 Capital Stock (Common Stock and Preferred Stock) HTML 58K (Details) 147: R130 Capital Stock (Treasury Stock) (Details) HTML 58K 148: R131 Accumulated Other Comprehensive Loss (Details) HTML 114K 149: R132 Earnings Per Share (Details) HTML 52K 150: R133 Supplemental Cash Flow Information Supplemental HTML 49K Cash Flow Information (Details) 151: R134 SUPPLEMENTAL CASH FLOW INFORMATION Narrative HTML 50K (Details) 152: R135 Commitments and Contingencies (Contractual HTML 106K Obligations) (Details) 153: R136 Commitments and Contingencies (Leases and HTML 48K Guarantees Narrative) (Details) 154: R137 Commitments and Contingencies (Environmental HTML 51K Liabilities Narrative) (Details) 155: R138 Commitments and Contingencies (Discounted and HTML 67K Undiscounted Environmental and Litigation Liabilities) (Details) 156: R139 Commitments and Contingencies (Environmental and HTML 53K Litigation Liabilities) (Details) 157: R140 Commitments and Contingencies (Litigation HTML 66K Narrative) (Details) 158: R141 Commitments and Contingencies Off-Balance Sheet HTML 47K Arrangements (Details) 159: R142 Segment and Geographic Data (Operating Segment HTML 137K Information) (Details) 160: R143 Segment and Geographic Data (The reconciliation of HTML 59K EBIT to Net Income) (Details) 161: R144 Segment and Geographic Data (Net Sales And Long HTML 86K Lived Assets by World Area) (Details) 162: R145 Quarterly Data (Unaudited) (Details) HTML 183K 163: R146 Subsequent Event (Details) HTML 49K 165: XML IDEA XML File -- Filing Summary XML 323K 164: EXCEL IDEA Workbook of Financial Reports XLSX 226K 12: EX-101.INS XBRL Instance -- mon-20170831 XML 8.68M 14: EX-101.CAL XBRL Calculations -- mon-20170831_cal XML 459K 15: EX-101.DEF XBRL Definitions -- mon-20170831_def XML 1.89M 16: EX-101.LAB XBRL Labels -- mon-20170831_lab XML 3.65M 17: EX-101.PRE XBRL Presentations -- mon-20170831_pre XML 2.58M 13: EX-101.SCH XBRL Schema -- mon-20170831 XSD 434K 166: ZIP XBRL Zipped Folder -- 0001110783-17-000187-xbrl Zip 641K
Exhibit |
Ratio of Earnings to Fixed Charges(1)(2) | Year Ended Aug.
31, | |||||||||||||||||||
(Dollars in millions except for ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
EARNINGS: | ||||||||||||||||||||
Income
from Continuing Operations Before Income Taxes | $ | 2,886 | $ | 1,991 | $ | 3,161 | $ | 3,827 | $ | 3,429 | ||||||||||
Add: | ||||||||||||||||||||
Fixed
charges | 546 | 515 | 509 | 327 | 246 | |||||||||||||||
Equity
affiliate loss (income) — net | 17 | 12 | 13 | 8 | (15 | ) | ||||||||||||||
Amortization
of capitalized interest | 21 | 20 | 18 | 17 | 16 | |||||||||||||||
Less: | ||||||||||||||||||||
Capitalized
interest | (44 | ) | (32 | ) | (26 | ) | (28 | ) | (23 | ) | ||||||||||
Earnings
available for fixed charges | $ | 3,426 | $ | 2,506 | $ | 3,675 | $ | 4,151 | $ | 3,653 | ||||||||||
FIXED
CHARGES: | ||||||||||||||||||||
Interest expense(3) | $ | 455 | $ | 437 | $ | 434 | $ | 250 | $ | 176 | ||||||||||
Capitalized
interest | 44 | 32 | 26 | 28 | 23 | |||||||||||||||
Portion
of rents representative of interest factor | 47 | 46 | 49 | 49 | 47 | |||||||||||||||
Total
Fixed Charges | $ | 546 | $ | 515 | $ | 509 | $ | 327 | $ | 246 | ||||||||||
Ratio
of Earnings to Fixed Charges | 6.27 | 4.87 | 7.22 | 12.69 | 14.85 |
(1) | Monsanto
has not paid any preference security dividends and, therefore, has not included the ratio of combined fixed charges and preference security dividends to earnings for the relevant periods. |
(2) | The operating results of the Dairy business have been conformed to discontinued operations presentation for all relevant fiscal years presented. |
(3) | Includes amortization of deferred debt issuance costs and the interest component of the income tax provision. |
Debt
to Capital Ratio(1) | Year Ended Aug. 31, | |||||||||||||||||||
(amounts in millions except for percentages) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Short-Term
Debt | $ | 870 | $ | 1,587 | $ | 615 | $ | 233 | $ | 51 | ||||||||||
Long-Term
Debt (2) | 7,254 | 7,453 | 8,429 | 7,465 | 2,048 | |||||||||||||||
Total
Debt | 8,124 | 9,040 | 9,044 | 7,698 | 2,099 | |||||||||||||||
Total
Monsanto Company Shareowners’ Equity | 6,438 | 4,534 | 6,990 | 7,875 | 12,559 | |||||||||||||||
Debt-to-Capital
Ratio | 56 | % | 67 | % | 56 | % | 49 | % | 14 | % |
(1) | Debt-to-capital
ratio is the sum of short-term and long-term debt, divided by the sum of short-term and long-term debt and shareowners’ equity. |
(2) | Prior period balances have been updated to conform with current period presentation for the adoption of the accounting standard update “Presentation of Debt Issuance Costs” in fiscal year 2015. |
Current
Ratio(1) | Year Ended Aug. 31, | |||||||||||||||||||
(amounts in millions except for ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Total
Current Assets | $ | 8,651 | $ | 8,157 | $ | 10,625 | $ | 9,675 | $ | 10,077 | ||||||||||
Total
Current Liabilities | 6,398 | 6,729 | 5,177 | 5,112 | 4,336 | |||||||||||||||
Current
Ratio | 1.35 | 1.21 | 2.05 | 1.89 | 2.32 |
(1) | Current
ratio represents total current assets divided by total current liabilities. |