Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name CHEVRON CORP
CIK 0000093410
Accession number 0000093410-14-000011
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/93410/000009341014000011/cvx-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The reported deferred tax balances are composed of the following:
 
At December 31
 
 
2013

 
 
2012

Deferred tax liabilities
 
 
 
 
Properties, plant and equipment
$
25,936

 
 
$
24,295

Investments and other
2,272

 
 
2,276

Total deferred tax liabilities
28,208

 
 
26,571

Deferred tax assets
 
 
 
 
Foreign tax credits
(11,572
)
 
 
(10,817
)
Abandonment/environmental reserves
(6,279
)
 
 
(5,728
)
Employee benefits
(3,825
)
 
 
(5,100
)
Deferred credits
(2,768
)
 
 
(2,891
)
Tax loss carryforwards
(1,016
)
 
 
(738
)
Other accrued liabilities
(533
)
 
 
(381
)
Inventory
(358
)
 
 
(281
)
Miscellaneous
(1,439
)
 
 
(1,835
)
Total deferred tax assets
(27,790
)
 
 
(27,771
)
Deferred tax assets valuation allowance
17,171

 
 
15,443

Total deferred taxes, net
$
17,589

 
 
$
14,243

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 27,790,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -17,171,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 10,619,000,000
Deferred tax liabilities -28,208,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -17,589,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -21,301,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -17,589,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 10,619,000,000
Deferred tax liabilities, net -28,208,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -17,589,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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