XML 25 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Supplemental Equity and Comprehensive Income Information
 9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Supplemental Equity and Comprehensive Income Information Supplemental Equity and Comprehensive Income Information
Cash dividends declared and paid totaled $1.48 and $1.47 per share for the first, second, and third quarters of 2021 and 2020, respectively, or $4.44 and $4.41 per share for the first nine months of 2021 and 2020, respectively.
Consolidated Changes in Equity
Three months ended September 30, 2021
3M Company Shareholders
(Millions)TotalCommon
Stock and
Additional
Paid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income
(Loss)		Non-
controlling
Interest
Balance at June 30, 2021$14,516$6,346$44,824$(29,236)$(7,486)$68
Net income1,4371,4343
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment(302)(301)(1)
Defined benefit pension and post-retirement plans adjustment119119—
Cash flow hedging instruments48 48 —
Total other comprehensive income (loss), net of tax(135)
Dividends declared(856)(856)
Stock-based compensation4646
Reacquired stock(563)(563)
Issuances pursuant to stock option and benefit plans85(41)126
Balance at September 30, 2021
$14,530$6,392$45,361$(29,673)$(7,620)$70
Nine months ended September 30, 2021
3M Company Shareholders
(Millions)TotalCommon
Stock and
Additional
Paid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income
(Loss)		Non-
controlling
Interest
Balance at December 31, 2020
$12,931$6,171$43,821$(29,404)$(7,721)$64
Net income4,5894,5827
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment(354)(353)(1)
Defined benefit pension and post-retirement plans adjustment359359—
Cash flow hedging instruments9595—
Total other comprehensive income (loss), net of tax100
Dividends declared(2,572)(2,572)
Stock-based compensation221221
Reacquired stock(1,305)(1,305)
Issuances pursuant to stock option and benefit plans566(470)1,036
Balance at September 30, 2021
$14,530$6,392$45,361$(29,673)$(7,620)$70
Three months ended September 30, 2020
3M Company Shareholders
(Millions)TotalCommon
Stock and
Additional
Paid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income
(Loss)		Non-
controlling
Interest
Balance at June 30, 2020$10,925$6,083$42,786$(29,699)$(8,303)$58
Net income1,4341,4304 
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment2712701
Defined benefit pension and post-retirement plans adjustment116116—
Cash flow hedging instruments(71)(71)—
Total other comprehensive income (loss), net of tax316
Dividends declared(847)(847)
Stock-based compensation4242
Reacquired stock(1)(1)
Issuances pursuant to stock option and benefit plans90(40)130
Balance at September 30, 2020
$11,959$6,125$43,329$(29,570)$(7,988)$63
Nine months ended September 30, 2020
3M Company Shareholders
(Millions)TotalCommon
Stock and
Additional
Paid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income
(Loss)		Non-
controlling
Interest
Balance at December 31, 2019
$10,126$5,916$42,130$(29,849)$(8,134)$63
Net income4,0474,0443 
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment(67)(65)(2)
Defined benefit pension and post-retirement plans adjustment271271—
Cash flow hedging instruments(60)(60)—
Total other comprehensive income (loss), net of tax144 
Dividends declared(2,540)(2,540)
Purchase of subsidiary shares(1)(1)
Stock-based compensation209209
Reacquired stock(357)(357)
Issuances pursuant to stock option and benefit plans331(305)636
Balance at September 30, 2020
$11,959$6,125$43,329$(29,570)$(7,988)$63
Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component
Three months ended September 30, 2021
(Millions)Cumulative
Translation
Adjustment		Defined Benefit
Pension and
Postretirement
Plans
Adjustment		Cash Flow
Hedging
Instruments,
Unrealized
Gain (Loss)		Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at June 30, 2021, net of tax:$(1,502)$(5,858)$(126)$(7,486)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(286)—44 (242)
Amounts reclassified out—15818176
Total other comprehensive income (loss), before tax(286)15862 (66)
Tax effect(15)(39)(14)(68)
Total other comprehensive income (loss), net of tax(301)11948 (134)
Balance at September 30, 2021, net of tax:
$(1,803)$(5,739)$(78)$(7,620)
Nine months ended September 30, 2021
(Millions)Cumulative
Translation
Adjustment		Defined Benefit
Pension and
Postretirement
Plans
Adjustment		Cash Flow
Hedging
Instruments,
Unrealized
Gain (Loss)		Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at December 31, 2020, net of tax:
$(1,450)$(6,098)$(173)$(7,721)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(303)—84(219)
Amounts reclassified out—47739516
Total other comprehensive income (loss), before tax(303)477123297
Tax effect(50)(118)(28)(196)
Total other comprehensive income (loss), net of tax(353)35995101
Balance at September 30, 2021, net of tax:
$(1,803)$(5,739)$(78)$(7,620)
Three months ended September 30, 2020
(Millions)Cumulative
Translation
Adjustment		Defined Benefit
Pension and
Postretirement
Plans
Adjustment		Cash Flow
Hedging
Instruments,
Unrealized
Gain (Loss)		Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at June 30, 2020, net of tax:$(2,234)$(6,049)$(20)$(8,303)
Other comprehensive income (loss), before tax:
Amounts before reclassifications237— (72)165
Amounts reclassified out—149(21)128
Total other comprehensive income (loss), before tax237149(93)293
Tax effect33(33)2222 
Total other comprehensive income (loss), net of tax270116(71)315
Balance at September 30, 2020, net of tax:
$(1,964)$(5,933)$(91)$(7,988)
Nine months ended September 30, 2020
(Millions)Cumulative
Translation
Adjustment		Defined Benefit
Pension and
Postretirement
Plans
Adjustment		Cash Flow
Hedging
Instruments,
Unrealized
Gain (Loss)		Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at December 31, 2019, net of tax:
$(1,899)$(6,204)$(31)$(8,134)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(98)(80)(10)(188)
Amounts reclassified out—446(68)378
Total other comprehensive income (loss), before tax(98)366(78)190 
Tax effect33(95)18 (44)
Total other comprehensive income (loss), net of tax(65)271(60)146 
Balance at September 30, 2020, net of tax
$(1,964)$(5,933)$(91)$(7,988)
Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation do include impacts from items such as net investment hedge transactions. Reclassification adjustments are made to avoid double counting in comprehensive income items that are subsequently recorded as part of net income.
Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
Details about Accumulated Other
Comprehensive Income Components		Amount Reclassified from
Accumulated Other Comprehensive Income		Location on Income
Statement
Three months ended September 30,Nine months ended September 30,
(Millions)2021202020212020
Defined benefit pension and postretirement plans adjustments
Gains (losses) associated with defined benefit pension and postretirement plans amortization
Transition asset$(1)$(1)$(2)$(2)See Note 11
Prior service benefit15154546See Note 11
Net actuarial loss(172)(162)(518)(487)See Note 11
Curtailments/Settlements— (1)(2)(3)See Note 11
Total before tax(158)(149)(477)(446)
Tax effect3933118108Provision for income taxes
Net of tax(119)(116)(359)(338)
Cash flow hedging instruments gains (losses)
Foreign currency forward/option contracts(15)23(32)74Cost of sales
Interest rate contracts(3)(2)(7)(6)Interest expense
Total before tax(18)21(39)68
Tax effect4(5)9(16)Provision for income taxes
Net of tax(14)16(30)52
Total reclassifications for the period, net of tax$(133)$(100)$(389)$(286)