Supplemental Equity and Comprehensive Income Information (Tables)

9 Months Ended

Sep. 30, 2014

Supplemental Equity and Comprehensive Income Information

Consolidated Statement of Changes in Equity

Three months ended September 30, 2014				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, 2014		$	17,846	$	4,650	$	33,836	$	(17,466)	$	(3,666)	$	492
Net income			1,311				1,303						8
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(603)								(593)		(10)
Defined benefit pension and post-retirement
	plans adjustment		59								59		―
Debt and equity securities - unrealized gain (loss)			(1)								(1)		―
Cash flow hedging instruments - unrealized
	gain (loss)		68								68		―
Total other comprehensive income (loss), net
	of tax		(477)
Dividends declared			(550)				(550)
Purchase of subsidiary shares			(865)		(433)						25		(457)
Stock-based compensation, net of tax impacts			69		69
Reacquired stock			(1,283)						(1,283)
Issuances pursuant to stock option and
	benefit plans		155				(105)		260
Balance at September 30, 2014		$	16,206	$	4,286	$	34,484	$	(18,489)	$	(4,108)	$	33
Nine months ended September 30, 2014				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, 2013		$	17,948	$	4,384	$	32,416	$	(15,385)	$	(3,913)	$	446
Net income			3,819				3,777						42
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(456)								(462)		6
Defined benefit pension and post-retirement
	plans adjustment		180								180		―
Debt and equity securities - unrealized gain (loss)			1								1		―
Cash flow hedging instruments - unrealized
	gain (loss)		61								61		―
Total other comprehensive income (loss),
	net of tax		(214)
Dividends declared			(1,105)				(1,105)
Purchase of subsidiary shares			(870)		(434)						25		(461)
Stock-based compensation, net of tax impacts			336		336
Reacquired stock			(4,438)						(4,438)
Issuances pursuant to stock option and
	benefit plans		730				(604)		1,334
Balance at September 30, 2014		$	16,206	$	4,286	$	34,484	$	(18,489)	$	(4,108)	$	33

Three months ended September 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 June 30, 2013		$	18,319	$	4,252	$	31,716	$	(12,926)	$	(5,166)	$	443
Net income			1,245				1,230						15
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			284								286		(2)
Defined benefit pension and post-retirement
	plans adjustment		92								92		―
Debt and equity securities - unrealized gain (loss)			2								2		―
Cash flow hedging instruments - unrealized
	gain (loss)		(24)								(24)		―
Total other comprehensive income (loss), net
	of tax		354
Dividends declared			(431)				(431)
Stock-based compensation, net of tax impacts			66		66
Reacquired stock			(1,570)						(1,570)
Issuances pursuant to stock option and
	benefit plans		269				(103)		372
Balance at September 30, 2013		$	18,252	$	4,318	$	32,412	$	(14,124)	$	(4,810)	$	456
Nine months ended September 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			3,605				3,556						49
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(393)								(334)		(59)
Defined benefit pension and post-retirement
	plans adjustment		268								268		―
Debt and equity securities - unrealized gain (loss)			(2)								(2)		―
Cash flow hedging instruments - unrealized
	gain (loss)		8								8		―
Total other comprehensive income (loss),
	net of tax		(119)
Dividends declared			(1,307)				(1,307)
Sale of subsidiary shares			8		7								1
Stock-based compensation, net of tax impacts			258		258
Reacquired stock			(3,609)						(3,609)
Issuances pursuant to stock option and
	benefit plans		1,376				(516)		1,892
Balance at September 30, 2013		$	18,252	$	4,318	$	32,412	$	(14,124)	$	(4,810)	$	456

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 September 30, 2014
(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 June 30, 2014, net of tax		$	(57)	$	(3,594)	$	―	$	(15)	$	(3,666)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(537)		―		(1)		98		(440)
	Amounts reclassified out		―		89		―		9		98
Total other comprehensive income (loss),
	before tax		(537)		89		(1)		107		(342)
Tax effect			(56)		(30)		―		(39)		(125)
Total other comprehensive income (loss),
	net of tax		(593)		59		(1)		68		(467)
Impact from purchase of subsidiary shares			41		(16)		―		―		25
Balance at September 30, 2014, net of tax		$	(609)	$	(3,551)	$	(1)	$	53	$	(4,108)
Nine months ended September 30, 2014
(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, 2013, net of tax		$	(188)	$	(3,715)	$	(2)	$	(8)	$	(3,913)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(403)		―		2		86		(315)
	Amounts reclassified out		―		272		―		8		280
Total other comprehensive income (loss),
	before tax		(403)		272		2		94		(35)
Tax effect			(59)		(92)		(1)		(33)		(185)
Total other comprehensive income (loss),
	net of tax		(462)		180		1		61		(220)
Impact from purchase of subsidiary shares			41		(16)		―		―		25
Balance at September 30, 2014, net of tax		$	(609)	$	(3,551)	$	(1)	$	53	$	(4,108)

Three months ended September 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 June 30, 2013, net of tax		$	(390)	$	(4,779)	$	(6)	$	9	$	(5,166)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		240		―		3		5		248
	Amounts reclassified out		―		144		―		(43)		101
Total other comprehensive income (loss),
	before tax		240		144		3		(38)		349
Tax effect			46		(52)		(1)		14		7
Total other comprehensive income (loss),
	net of tax		286		92		2		(24)		356
Balance at September 30, 2013, net of tax		$	(104)	$	(4,687)	$	(4)	$	(15)	$	(4,810)
Nine months ended September 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		(344)		―		(3)		(109)		(456)
	Amounts reclassified out		―		431		―		121		552
Total other comprehensive income (loss),
	before tax		(344)		431		(3)		12		96
Tax effect			10		(163)		1		(4)		(156)
Total other comprehensive income (loss),
	net of tax		(334)		268		(2)		8		(60)
Balance at September 30, 2013, net of tax		$	(104)	$	(4,687)	$	(4)	$	(15)	$	(4,810)

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 September 30,				Nine months ended September 30,				Location on Income Statement
Details about Accumulated Other Comprehensive Income Components		2014		2013		2014		2013
Gains (losses) associated with, defined benefit pension and postretirement plans amortization
	Transition asset	$	1	$	―	$	1	$	1	See Note 8
	Prior service benefit		15		19		45		59	See Note 8
	Net actuarial loss		(105)		(163)		(318)		(491)	See Note 8
Total before tax			(89)		(144)		(272)		(431)
Tax effect			30		52		92		163	Provision for income taxes
Net of tax		$	(59)	$	(92)	$	(180)	$	(268)
Debt and equity security gains (losses)
	Sales or impairments of securities	$	―	$	―	$	―	$	―	Selling, general and administrative expenses
Total before tax			―		―		―		―
Tax effect			―		―		―		―	Provision for income taxes
Net of tax		$	―	$	―	$	―	$	―
Cash flow hedging instruments gains (losses)
	Foreign currency forward/option contracts	$	(7)	$	1	$	(9)	$	(8)	Cost of sales
	Foreign currency forward contracts		―		44		―		(111)	Interest expense
	Commodity price swap contracts		(1)		(1)		2		(1)	Cost of sales
	Interest rate swap contracts		(1)		(1)		(1)		(1)	Interest expense
Total before tax			(9)		43		(8)		(121)
Tax effect			3		(15)		3		44	Provision for income taxes
Net of tax		$	(6)	$	28	$	(5)	$	(77)
Total reclassifications for the period, net of tax		$	(65)	$	(64)	$	(185)	$	(345)

Effect of purchase of subsidiary shares on equity attributable to 3M Company shareholders

(Millions)		Three months ended September 30, 2014		Nine months ended September 30, 2014
Net income attributable to 3M		$	1,303	$	3,777
Impact of purchase of subsidiary shares			(408)		(409)
Change in 3M Company shareholders' equity from net income
	attributable to 3M and impact of purchase of subsidiary shares	$	895	$	3,368