Supplemental Equity and Comprehensive Income Information (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Equity and Comprehensive Income Information

Consolidated Statement of Changes in Equity

Three months ended June 30, 2013				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 March 31, 2013		$	18,528	$	4,188	$	31,073	$	(12,178)	$	(5,001)	$	446
Net income			1,213				1,197						16
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(279)								(260)		(19)
Defined benefit pension and post-retirement
	plans adjustment		91								91		―
Debt and equity securities - unrealized gain (loss)			(4)								(4)		―
Cash flow hedging instruments - unrealized
	gain/(loss)		8								8		―
Total other comprehensive income (loss), net
	of tax		(184)
Dividends paid			(436)				(436)
Stock-based compensation, net of tax impacts			64		64
Reacquired stock			(1,232)						(1,232)
Issuances pursuant to stock option and
	benefit plans		366				(118)		484
Balance at June 30, 2013		$	18,319	$	4,252	$	31,716	$	(12,926)	$	(5,166)	$	443
Six months ended June 30, 2013				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, 2012		$	18,040	$	4,053	$	30,679	$	(12,407)	$	(4,750)	$	465
Net income			2,360				2,326						34
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(677)								(620)		(57)
Defined benefit pension and post-retirement
	plans adjustment		176								176		―
Debt and equity securities - unrealized gain (loss)			(4)								(4)		―
Cash flow hedging instruments - unrealized
	gain/(loss)		32								32		―
Total other comprehensive income (loss),
	net of tax		(473)
Dividends paid			(876)				(876)
Sale of subsidiary shares			8		7								1
Stock-based compensation, net of tax impacts			192		192
Reacquired stock			(2,039)						(2,039)
Issuances pursuant to stock option and
	benefit plans		1,107				(413)		1,520
Balance at June 30, 2013		$	18,319	$	4,252	$	31,716	$	(12,926)	$	(5,166)	$	443

Three months ended June 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 March 31, 2012		$	16,619	$	3,903	$	28,858	$	(11,794)	$	(4,785)	$	437
Net income			1,186				1,167						19
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(335)								(346)		11
Defined benefit pension and post-retirement
	plans adjustment		98								98		―
Debt and equity securities - unrealized gain (loss)			(2)								(2)		―
Cash flow hedging instruments - unrealized
	gain/(loss)		23								23		―
Total other comprehensive income (loss), net
	of tax		(216)
Dividends paid			(410)				(410)
Stock-based compensation, net of tax impacts			60		60
Reacquired stock			(633)						(633)
Issuances pursuant to stock option and
	benefit plans		267				(150)		417
Balance at June 30, 2012		$	16,873	$	3,963	$	29,465	$	(12,010)	$	(5,012)	$	467
Six months ended June 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			2,327				2,292						35
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(201)								(191)		(10)
Defined benefit pension and post-retirement
	plans adjustment		195								195		―
Debt and equity securities - unrealized gain (loss)			1								1		―
Cash flow hedging instruments - unrealized
	gain/(loss)		8								8		―
Total other comprehensive income (loss),
	net of tax		3
Dividends paid			(820)				(820)
Stock-based compensation, net of tax impacts			187		187
Reacquired stock			(1,167)						(1,167)
Issuances pursuant to stock option and
	benefit plans		481				(355)		836
Balance at June 30, 2012		$	16,873	$	3,963	$	29,465	$	(12,010)	$	(5,012)	$	467

Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M

Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component
Three months ended June 30, 2013
(Millions)		Cumulative Translation Adjustment		Defined Benefit Pension and Postretirement Plans Adjustment		Debt and Equity Securities, Unrealized Gain (Loss)		Cash Flow Hedging Instruments, Unrealized Gain (Loss)		Total Accumulated Other Comprehen-sive Income (Loss)
Balance at March 31, 2013, net of tax		$	(130)	$	(4,870)	$	(2)	$	1	$	(5,001)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(260)		―		(6)		(42)		(308)
	Amounts reclassified out		―		144		―		54		198
Total other comprehensive income (loss),
	before tax		(260)		144		(6)		12		(110)
Tax effect			―		(53)		2		(4)		(55)
Total other comprehensive income (loss),
	net of tax		(260)		91		(4)		8		(165)
Balance at June 30, 2013, net of tax		$	(390)	$	(4,779)	$	(6)	$	9	$	(5,166)
Six months ended June 30, 2013
(Millions)		Cumulative Translation Adjustment		Defined Benefit Pension and Postretirement Plans Adjustment		Debt and Equity Securities, Unrealized Gain (Loss)		Cash Flow Hedging Instruments, Unrealized Gain (Loss)		Total Accumulated Other Comprehen-sive Income (Loss)
Balance at December 31, 2012, net of tax		$	230	$	(4,955)	$	(2)	$	(23)	$	(4,750)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(584)		―		(6)		(112)		(702)
	Amounts reclassified out		―		287		―		162		449
Total other comprehensive income (loss),
	before tax		(584)		287		(6)		50		(253)
Tax effect			(36)		(111)		2		(18)		(163)
Total other comprehensive income (loss),
	net of tax		(620)		176		(4)		32		(416)
Balance at June 30, 2013, net of tax		$	(390)	$	(4,779)	$	(6)	$	9	$	(5,166)

Three months ended June 30, 2012
(Millions)		Cumulative Translation Adjustment		Defined Benefit Pension and Postretirement Plans Adjustment		Debt and Equity Securities, Unrealized Gain (Loss)		Cash Flow Hedging Instruments, Unrealized Gain (Loss)		Total Accumulated Other Comprehen-sive Income (Loss)
Balance at March 31, 2012, net of tax		$	269	$	(5,058)	$	(3)	$	7	$	(4,785)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(324)		―		(3)		29		(298)
	Amounts reclassified out		―		154		―		8		162
Total other comprehensive income (loss),
	before tax		(324)		154		(3)		37		(136)
Tax effect			(22)		(56)		1		(14)		(91)
Total other comprehensive income (loss),
	net of tax		(346)		98		(2)		23		(227)
Balance at June 30, 2012, net of tax		$	(77)	$	(4,960)	$	(5)	$	30	$	(5,012)
Six months ended June 30, 2012
(Millions)		Cumulative Translation Adjustment		Defined Benefit Pension and Postretirement Plans Adjustment		Debt and Equity Securities, Unrealized Gain (Loss)		Cash Flow Hedging Instruments, Unrealized Gain (Loss)		Total Accumulated Other Comprehen-sive Income (Loss)
Balance at December 31, 2011, net of tax		$	114	$	(5,155)	$	(6)	$	22	$	(5,025)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(169)		―		1		1		(167)
	Amounts reclassified out		―		307		1		12		320
Total other comprehensive income (loss),
	before tax		(169)		307		2		13		153
Tax effect			(22)		(112)		(1)		(5)		(140)
Total other comprehensive income (loss),
	net of tax		(191)		195		1		8		13
Balance at June 30, 2012, net of tax		$	(77)	$	(4,960)	$	(5)	$	30	$	(5,012)

Reclassifications Out of Accumulated Other Comprehensive Income

Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
			Amount Reclassified from
			Accumulated Other Comprehensive Income
(Millions)		Three months ended June 30,				Six months ended June 30,				Location on Income Statement
Details about Accumulated Other Comprehensive Income Components		2013		2012		2013		2012
Gains (losses) associated with, defined benefit pension and postretirement plans amortization
	Transition asset	$	―	$	―	$	1	$	1	See Note 8
	Prior service benefit		20		22		40		42	See Note 8
	Net actuarial loss		(164)		(176)		(328)		(350)	See Note 8
Total before tax			(144)		(154)		(287)		(307)
Tax effect			53		56		111		112	Provision for income taxes
Net of tax		$	(91)	$	(98)	$	(176)	$	(195)
Debt and equity security gains (losses)
	Sales or impairments of securities	$	―	$	―	$	―	$	(1)	Selling, general and administrative expenses
Total before tax			―		―		―		(1)
Tax effect			―		―		―		―	Provision for income taxes
Net of tax		$	―	$	―	$	―	$	(1)
Cash flow hedging instruments gains (losses)
	Foreign currency forward/option contracts	$	(3)	$	9	$	(9)	$	9	Cost of sales
	Foreign currency forward contracts		(52)		(13)		(153)		(13)	Interest expense
	Commodity price swap contracts		1		(4)		―		(8)	Cost of sales
Total before tax			(54)		(8)		(162)		(12)
Tax effect			19		3		58		4	Provision for income taxes
Net of tax		$	(35)	$	(5)	$	(104)	$	(8)
Total reclassifications for the period, net of tax		$	(126)	$	(103)	$	(280)	$	(204)