Consolidated Statement of Changes in Equity |
Three months ended September 30, 2012 | | | | 3M Company Shareholders | | | (Millions) | | Total | | Common Stock and Additional Paid-in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehen-sive Income (Loss) | | Non-controlling Interest | Balance at June 30, 2012 | | $ | 16,873 | | $ | 3,963 | | $ | 29,465 | | $ | (12,010) | | $ | (5,012) | | $ | 467 | | | | | | | | | | | | | | | | | | | | | Net income | | | 1,180 | | | | | | 1,161 | | | | | | | | | 19 | Other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | | | 412 | | | | | | | | | | | | 401 | | | 11 | Defined benefit pension and post-retirement | | | | | | | | | | | | | | | | | | | | plans adjustment | | | 96 | | | | | | | | | | | | 96 | | | - | Debt and equity securities - unrealized gain (loss) | | | 3 | | | | | | | | | | | | 3 | | | - | Cash flow hedging instruments - unrealized | | | | | | | | | | | | | | | | | | | | gain/(loss) | | | (36) | | | | | | | | | | | | (36) | | | - | Total other comprehensive income (loss), net | | | | | | | | | | | | | | | | | | | | of tax | | | 475 | | | | | | | | | | | | | | | | Dividends paid | | | (408) | | | | | | (408) | | | | | | | | | | Stock-based compensation, net of tax impacts | | | 44 | | | 44 | | | | | | | | | | | | | Reacquired stock | | | (316) | | | | | | | | | (316) | | | | | | | Issuances pursuant to stock option and | | | | | | | | | | | | | | | | | | | | benefit plans | | | 293 | | | | | | (68) | | | 361 | | | | | | | Balance at September 30, 2012 | | $ | 18,141 | | $ | 4,007 | | $ | 30,150 | | $ | (11,965) | | $ | (4,548) | | $ | 497 | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2012 | | | | | 3M Company Shareholders | | | (Millions) | | Total | | Common Stock and Additional Paid-in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehen-sive Income (Loss) | | Non-controlling Interest | Balance at December 31, 2011 | | $ | 15,862 | | $ | 3,776 | | $ | 28,348 | | $ | (11,679) | | $ | (5,025) | | $ | 442 | | | | | | | | | | | | | | | | | | | | | Net income | | | 3,507 | | | | | | 3,453 | | | | | | | | | 54 | Other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | | | 211 | | | | | | | | | | | | 210 | | | 1 | Defined benefit pension and post-retirement | | | | | | | | | | | | | | | | | | | | plans adjustment | | | 291 | | | | | | | | | | | | 291 | | | - | Debt and equity securities - unrealized gain (loss) | | | 4 | | | | | | | | | | | | 4 | | | - | Cash flow hedging instruments - unrealized | | | | | | | | | | | | | | | | | | | | gain/(loss) | | | (28) | | | | | | | | | | | | (28) | | | - | Total other comprehensive income (loss), | | | | | | | | | | | | | | | | | | | | net of tax | | | 478 | | | | | | | | | | | | | | | | Dividends paid | | | (1,228) | | | | | | (1,228) | | | | | | | | | | Stock-based compensation, net of tax impacts | | | 231 | | | 231 | | | | | | | | | | | | | Reacquired stock | | | (1,483) | | | | | | | | | (1,483) | | | | | | | Issuances pursuant to stock option and | | | | | | | | | | | | | | | | | | | | benefit plans | | | 774 | | | | | | (423) | | | 1,197 | | | | | | | Balance at September 30, 2012 | | $ | 18,141 | | $ | 4,007 | | $ | 30,150 | | $ | (11,965) | | $ | (4,548) | | $ | 497 |
Three months ended September 30, 2011 | | | | 3M Company Shareholders | | | (Millions) | | Total | | Common Stock and Additional Paid-in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehen-sive Income (Loss) | | Non-controlling Interest | Balance at June 30, 2011 | | $ | 17,742 | | $ | 3,692 | | $ | 27,110 | | $ | (10,511) | | $ | (2,961) | | $ | 412 | | | | | | | | | | | | | | | | | | | | | Net income | | | 1,103 | | | | | | 1,088 | | | | | | | | | 15 | Other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | | | (490) | | | | | | | | | | | | (507) | | | 17 | Defined benefit pension and post-retirement | | | | | | | | | | | | | | | | | | | | plans adjustment | | | 77 | | | | | | | | | | | | 77 | | | - | Debt and equity securities - unrealized gain (loss) | | | (2) | | | | | | | | | | | | (2) | | | - | Cash flow hedging instruments - unrealized | | | | | | | | | | | | | | | | | | | | gain/(loss) | | | 54 | | | | | | | | | | | | 54 | | | - | Total other comprehensive income (loss), net | | | | | | | | | | | | | | | | | | | | of tax | | | (361) | | | | | | | | | | | | | | | | Dividends paid | | | (388) | | | | | | (388) | | | | | | | | | | Stock-based compensation, net of tax impacts | | | 42 | | | 42 | | | | | | | | | | | | | Reacquired stock | | | (837) | | | | | | | | | (837) | | | | | | | Issuances pursuant to stock option and | | | | | | | | | | | | | | | | | | | | benefit plans | | | 111 | | | | | | (26) | | | 137 | | | | | | | Balance at September 30, 2011 | | $ | 17,412 | | $ | 3,734 | | $ | 27,784 | | $ | (11,211) | | $ | (3,339) | | $ | 444 | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2011 | | | | 3M Company Shareholders | | | (Millions) | | Total | | Common Stock and Additional Paid-in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehen-sive Income (Loss) | | Non-controlling Interest | Balance at December 31, 2010 | | $ | 16,017 | | $ | 3,477 | | $ | 25,995 | | $ | (10,266) | | $ | (3,543) | | $ | 354 | | | | | | | | | | | | | | | | | | | | | Net income | | | 3,383 | | | | | | 3,329 | | | | | | | | | 54 | Other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | | | (14) | | | | | | | | | | | | (34) | | | 20 | Defined benefit pension and post-retirement | | | | | | | | | | | | | | | | | | | | plans adjustment | | | 207 | | | | | | | | | | | | 206 | | | 1 | Debt and equity securities - unrealized gain (loss) | | | (5) | | | | | | | | | | | | (5) | | | - | Cash flow hedging instruments - unrealized | | | | | | | | | | | | | | | | | | | | gain/(loss) | | | 37 | | | | | | | | | | | | 37 | | | - | Total other comprehensive income (loss), | | | | | | | | | | | | | | | | | | | | net of tax | | | 225 | | | | | | | | | | | | | | | | Dividends paid | | | (1,171) | | | | | | (1,171) | | | | | | | | | | Business combination allocation to noncontrolling | | | | | | | | | | | | | | | | | | | | interest | | | 56 | | | | | | | | | | | | | | | 56 | Purchase and sale of subsidiary shares - net | | | (42) | | | (1) | | | | | | | | | | | | (41) | Stock-based compensation, net of tax impacts | | | 258 | | | 258 | | | | | | | | | | | | | Reacquired stock | | | (2,181) | | | | | | | | | (2,181) | | | | | | | Issuances pursuant to stock option and | | | | | | | | | | | | | | | | | | | | benefit plans | | | 867 | | | | | | (369) | | | 1,236 | | | | | | | Balance at September 30, 2011 | | $ | 17,412 | | $ | 3,734 | | $ | 27,784 | | $ | (11,211) | | $ | (3,339) | | $ | 444 |
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Components of Comprehensive Income (Loss) Attributable to 3M |
Components of Comprehensive Income (Loss) Attributable to 3M | | | | | | | | | Three months ended | | Nine months ended | | September 30, | September 30, | (Millions) | | 2012 | | 2011 | | 2012 | | 2011 | Net income attributable to 3M | | $ | 1,161 | | $ | 1,088 | | $ | 3,453 | | $ | 3,329 | | | | | | | | | | | | | | | Cumulative translation | | | 380 | | | (489) | | | 211 | | | (63) | Tax effect | | | 21 | | | (18) | | | (1) | | | 29 | Cumulative translation - net of tax | | | 401 | | | (507) | | | 210 | | | (34) | | | | | | | | | | | | | | | Defined benefit pension and postretirement plans adjustment | | | 153 | | | 120 | | | 460 | | | 358 | Tax effect | | | (57) | | | (43) | | | (169) | | | (152) | Defined benefit pension and postretirement plans | | | | | | | | | | | | | | adjustment - net of tax | | | 96 | | | 77 | | | 291 | | | 206 | | | | | | | | | | | | | | | Debt and equity securities, unrealized gain (loss) | | | 4 | | | (3) | | | 6 | | | (8) | Tax effect | | | (1) | | | 1 | | | (2) | | | 3 | Debt and equity securities, unrealized gain (loss) - | | | | | | | | | | | | | | net of tax | | | 3 | | | (2) | | | 4 | | | (5) | | | | | | | | | | | | | | | Cash flow hedging instruments, unrealized gain (loss) | | | (57) | | | 85 | | | (44) | | | 59 | Tax effect | | | 21 | | | (31) | | | 16 | | | (22) | Cash flow hedging instruments unrealized gain (loss) - | | | | | | | | | | | | | | net of tax | | | (36) | | | 54 | | | (28) | | | 37 | | | | | | | | | | | | | | | Total comprehensive income (loss) attributable to 3M | | $ | 1,625 | | $ | 710 | | $ | 3,930 | | $ | 3,533 |
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