Income, Sales-Based And Other Taxes (Tables)

12 Months Ended

Dec. 31, 2015

(1) In 2014, state taxes included a favorable adjustment of deferred taxes of approximately $830 million.

			2015	2014	2013
			(millions of dollars)
Income before income taxes
	United States		147	9,080	9,746
	Non-U.S.		21,819	42,550	47,965
		Total	21,966	51,630	57,711
Theoretical tax			7,688	18,071	20,199
Effect of equity method of accounting			(2,675)	(4,663)	(4,874)
Non-U.S. taxes in excess of theoretical U.S. tax			1,415	5,442	10,528
U.S. tax on non-U.S. operations			38	5	37
State taxes, net of federal tax benefit			(8)	(324)	258
Other			(1,043)	(516)	(1,885)
		Total income tax expense	5,415	18,015	24,263

Effective tax rate calculation
Income taxes			5,415	18,015	24,263
ExxonMobil share of equity company income taxes			3,011	5,678	6,061
		Total income taxes	8,426	23,693	30,324
Net income including noncontrolling interests			16,551	33,615	33,448
		Total income before taxes	24,977	57,308	63,772

Effective income tax rate			34%	41%	48%

Tax effects of temporary differences for:		2015	2014
		(millions of dollars)

Property, plant and equipment		49,409	51,643
Other liabilities		4,613	4,359
	Total deferred tax liabilities	54,022	56,002

Pension and other postretirement benefits		(6,286)	(8,140)
Asset retirement obligations		(6,277)	(6,162)
Tax loss carryforwards		(4,983)	(4,099)
Other assets		(5,592)	(6,446)
	Total deferred tax assets	(23,138)	(24,847)

Asset valuation allowances		1,730	2,570
	Net deferred tax liabilities	32,614	33,725

Balance sheet classification		2015	2014
		(millions of dollars)

Other current assets		(1,329)	(2,001)
Other assets, including intangibles, net		(3,421)	(3,955)
Accounts payable and accrued liabilities		546	451
Deferred income tax liabilities		36,818	39,230
	Net deferred tax liabilities	32,614	33,725

Gross unrecognized tax benefits		2015	2014	2013
		(millions of dollars)

Balance at January 1		8,986	7,838	7,663
	Additions based on current year's tax positions	903	1,454	1,460
	Additions for prior years' tax positions	496	448	464
	Reductions for prior years' tax positions	(190)	(532)	(249)
	Reductions due to lapse of the statute of limitations	(4)	(117)	(588)
	Settlements with tax authorities	(725)	(43)	(849)
	Foreign exchange effects/other	(70)	(62)	(63)
Balance at December 31		9,396	8,986	7,838