Income, Sales-Based And Other Taxes (Tables)

12 Months Ended

Dec. 31, 2011


	2011							2010								2009
	U.S.		Non-U.S.			Total		U.S.		Non-U.S.			Total			U.S.			Non-U.S.			Total
	(millions of dollars)
Income tax expense
Federal and non-U.S.
Current	$	1,547	$	28,849		$	30,396	$	1,224	$	21,093		$	22,317		$	(838	)	$	15,830		$	14,992
Deferred – net		1,577		(1,417	)		160		49		(1,191	)		(1,142	)		650			(665	)		(15	)
U.S. tax on non-U.S. operations		15		–			15		46		–			46			32			–			32
Total federal and non-U.S.		3,139		27,432			30,571		1,319		19,902			21,221			(156	)		15,165			15,009
State		480		–			480		340		–			340			110			–			110
Total income tax expense		3,619		27,432			31,051		1,659		19,902			21,561			(46	)		15,165			15,119
Sales-based taxes		5,652		27,851			33,503		6,182		22,365			28,547			6,271			19,665			25,936
All other taxes and duties
Other taxes and duties		1,539		38,434			39,973		776		35,342			36,118			581			34,238			34,819
Included in production and manufacturing expenses		1,342		1,425			2,767		1,001		1,237			2,238			699			1,318			2,017
Included in SG&A expenses		181		623			804		201		570			771			197			538			735
Total other taxes and duties		3,062		40,482			43,544		1,978		37,149			39,127			1,477			36,094			37,571
Total	$	12,333	$	95,765		$	108,098	$	9,819	$	79,416		$	89,235		$	7,702		$	70,924		$	78,626


	2011			2010			2009
	(millions of dollars)
Cumulative foreign exchange translation adjustment	$	89		$	(42	)	$	(247	)
Postretirement benefits reserves adjustment:
Net actuarial loss/(gain)		2,016			553			(94	)
Amortization of actuarial loss/(gain)		(503	)		(609	)		(649	)
Prior service cost		47			92			20
Amortization of prior service cost		(41	)		(45	)		(43	)
Foreign exchange rate changes		(24	)		44			175
Total postretirement benefits reserves adjustment		1,495			35			(591	)
Other components of equity		236			246			140


	2011			2010			2009
	(millions of dollars)
Income before income taxes
United States	$	11,511		$	7,711		$	2,576
Non-U.S.		61,746			45,248			32,201
Total	$	73,257		$	52,959		$	34,777
Theoretical tax	$	25,640		$	18,536		$	12,172
Effect of equity method of accounting		(5,351	)		(3,737	)		(2,500	)
Non-U.S. taxes in excess of theoretical U.S. tax		10,385			7,293			5,948
U.S. tax on non-U.S. operations		15			46			32
State taxes, net of federal tax benefit		312			221			72
Other U.S.		50			(798	)		(605	)
Total income tax expense	$	31,051		$	21,561		$	15,119

Effective tax rate calculation
Income taxes	$	31,051		$	21,561		$	15,119
ExxonMobil share of equity company income taxes		5,603			4,058			2,489
Total income taxes		36,654			25,619			17,608
Net income including noncontrolling interests		42,206			31,398			19,658
Total income before taxes	$	78,860		$	57,017		$	37,266

Effective income tax rate		46%			45%			47%


Tax effects of temporary differences for:	2011			2010
	(millions of dollars)

Property, plant and equipment	$	45,951		$	42,657
Other liabilities		4,281			4,278
Total deferred tax liabilities	$	50,232		$	46,935
Pension and other postretirement benefits	$	(7,930	)	$	(5,634	)
Asset retirement obligations		(5,302	)		(4,461	)
Tax loss carryforwards		(3,166	)		(3,243	)
Other assets		(7,079	)		(6,070	)
Total deferred tax assets	$	(23,477	)	$	(19,408	)
Asset valuation allowances		1,304			1,183
Net deferred tax liabilities	$	28,059		$	28,710


Balance sheet classification	2011			2010
	(millions of dollars)

Other current assets	$	(4,549	)	$	(3,359	)
Other assets, including intangibles, net		(4,218	)		(3,527	)
Accounts payable and accrued liabilities		208			446
Deferred income tax liabilities		36,618			35,150
Net deferred tax liabilities	$	28,059		$	28,710


Gross unrecognized tax benefits	2011			2010			2009
	(millions of dollars)

Balance at January 1	$	4,148		$	4,725		$	4,976
Additions based on current year's tax positions		822			830			547
Additions for prior years' tax positions		451			620			262
Reductions for prior years' tax positions		(329	)		(505	)		(594	)
Reductions due to lapse of the statute of limitations		–			(534	)		–
Settlements with tax authorities		(145	)		(999	)		(592	)
Foreign exchange effects/other		(25	)		11			126
Balance at December 31	$	4,922		$	4,148		$	4,725