The impacts on our prior period consolidated financial statements of adopting the new standards described above are summarized in the following tables:



Adoption of the standard related to pension and postretirement benefit costs impacted our prior period consolidated statements of income as follows:
	2017
(MILLIONS OF DOLLARS)	As Previously Reported		Effect of Change Higher/(Lower)			As Restated
Cost of sales	$	11,240	$	(12	)	$	11,228
Selling, informational and administrative expenses	14,784		20			14,804
Research and development expenses	7,657		27			7,683
Restructuring charges and certain acquisition-related costs	487		(136		)	351
Other (income)/deductions––net	1,315		101			1,416
Income from continuing operations before provision for taxes on income	12,305		—			12,305

	2016
(MILLIONS OF DOLLARS)	As Previously Reported		Effect of Change Higher/(Lower)			As Restated
Cost of sales	$	12,329	$	(7	)	$	12,322
Selling, informational and administrative expenses	14,837		7			14,844
Research and development expenses	7,872		20			7,892
Restructuring charges and certain acquisition-related costs	1,724		(159		)	1,565
Other (income)/deductions––net	3,655		139			3,794
Income from continuing operations before provision for taxes on income	8,351		—			8,351



Adoption of the standards impacted our consolidated balance sheet as follows:
				Effect of New Accounting Standards Higher/(Lower)
(MILLIONS OF DOLLARS)	As Previously Reported Balance at December 31, 2017			Revenues			Financial Assets and Liabilities			Income Tax Accounting			Reclassification of Certain Tax Effects from AOCI			Balance at January 1, 2018
Trade accounts receivable	$	8,221		$	13		$	—		$	—		$	—		$	8,234
Inventories	7,578			(11		)	—			—			—			7,567
Current tax assets	3,050			(11		)	—			(3		)	—			3,036
Noncurrent deferred tax assets and other noncurrent tax assets	1,855			(17		)	—			—			—			1,838
Other noncurrent assets	3,227			—			—			(204		)	—			3,023
Other current liabilities	11,115			(123		)	—			—			—			10,992
Noncurrent deferred tax liabilities	3,900			106			—			(18		)	—			3,988
Other noncurrent liabilities	6,149			(459		)	—			—			—			5,690
Retained earnings	85,291			450			419			(189		)	495			86,466
Accumulated other comprehensive loss	(9,321		)	—			(419		)	—			(495		)	(10,235		)



Adoption of the standards related to the classification of certain transactions in the statements of cash flows and the presentation of restricted cash in the statement of cash flows impacted our consolidated statement of cash flows as follows:
	2017
				Effect of New Accounting Standards Inflow/(Outflow)
(MILLIONS OF DOLLARS)	As Previously Reported			Cash Flow Classification			Restricted Cash			As Restated
Operating Activities
Other adjustments, net	$	50		$	294		$	—		$	344
Other changes in assets and liabilities, net of acquisitions and divestitures––Other assets	(31		)	—			38			7
Investing Activities
Proceeds from redemptions/sales of short-term investments	10,307			—			(5		)	10,302
Proceeds from redemptions/sales of long-term investments	3,594			—			(14		)	3,579
Other investing activities, net	650			21			—			671
Financing Activities
Principal payments on short-term borrowings	(9,990		)	43			—			(9,947		)
Net proceeds from short-term borrowings with original maturities of three months or less	1,401			20			—			1,422
Other financing activities, net	(233		)	(378		)	—			(611		)
Net decrease in cash and cash equivalents and restricted cash and cash equivalents	(1,254		)	—			19			(1,235		)
Cash and cash equivalents and restricted cash and cash equivalents, beginning	2,595			—			70			2,666
Cash and cash equivalents and restricted cash and cash equivalents, ending	1,342			—			89			1,431

	2016
				Effect of New Accounting Standards Inflow/(Outflow)
(MILLIONS OF DOLLARS)	As Previously Reported			Cash Flow Classification			Restricted Cash			As Restated
Operating Activities
Other adjustments, net	$	208		$	278		$	—		$	487
Other changes in assets and liabilities, net of acquisitions and divestitures––Other assets	(60		)	—			13			(47		)
Investing Activities
Proceeds from redemptions/sales of short-term investments	29,436			—			(22		)	29,414
Proceeds from redemptions/sales of long-term investments	11,254			—			14			11,268
Other investing activities, net	51			28			—			80
Financing Activities
Principal payments on short-term borrowings	(5,102		)	9			—			(5,093		)
Net (payments on)/proceeds from short-term borrowings with original maturities of three months or less	(3,084		)	24			—			(3,060		)
Other financing activities, net	(196		)	(340		)	—			(536		)
Net decrease in cash and cash equivalents and restricted cash and cash equivalents	(1,046		)	—			5			(1,041		)
Cash and cash equivalents and restricted cash and cash equivalents, beginning	3,641			—			65			3,707
Cash and cash equivalents and restricted cash and cash equivalents, ending	2,595			—			70			2,666