Supplemental Equity and Comprehensive Income Information

3 Months Ended

Mar. 31, 2015

Supplemental Equity and Comprehensive Income Information

Supplemental Equity and Comprehensive Income Information

NOTE 4. Supplemental Equity and Comprehensive Income Information

Consolidated Statement of Changes in Equity

Three months ended March 31, 2015				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, 2014		$	13,142	$	4,388	$	34,317	$	(19,307)	$	(6,289)	$	33
Net income			1,201				1,199						2
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			(193)								(193)		―
Defined benefit pension and post-retirement
	plans adjustment		91								91		―
Debt and equity securities - unrealized gain (loss)			―								―		―
Cash flow hedging instruments - unrealized
	gain (loss)		70								70		―
Total other comprehensive income (loss), net
	of tax		(32)
Dividends declared			(3)				(3)
Stock-based compensation, net of tax impacts			228		228
Reacquired stock			(896)						(896)
Issuances pursuant to stock option and
	benefit plans		312				(433)		745
Balance at March 31, 2015		$	13,952	$	4,616	$	35,080	$	(19,458)	$	(6,321)	$	35

Three months ended March 31, 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			1,225				1,207						18
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment			20								8		12
Defined benefit pension and post-retirement
	plans adjustment		61								61		―
Debt and equity securities - unrealized gain (loss)			1								1		―
Cash flow hedging instruments - unrealized
	gain (loss)		2								2		―
Total other comprehensive income (loss), net
	of tax		84
Dividends declared			1				1
Stock-based compensation, net of tax impacts			170		170
Reacquired stock			(1,773)						(1,773)
Issuances pursuant to stock option and
	benefit plans		269				(312)		581
Balance at March 31, 2014		$	17,924	$	4,554	$	33,312	$	(16,577)	$	(3,841)	$	476

In December 2014, 3M's Board of Directors declared a first-quarter 2015 dividend of $1.025 per share (paid in March 2015). In December 2013, 3M's Board of Directors declared a first-quarter 2014 dividend of $0.855 per share (paid in March 2014). This reduced 3M's stockholder equity and increased other current liabilities as of both December 31, 2014 and December 31, 2013, by approximately $0.6 billion.

Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component
Three months ended March 31, 2015
(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, 2014, net of tax		$	(1,095)	$	(5,293)	$	―	$	99	$	(6,289)
Other comprehensive income (loss),
	before tax:
	Amounts before reclassifications		(44)		24		―		136		116
	Amounts reclassified out		―		124		―		(27)		97
Total other comprehensive income (loss),
	before tax		(44)		148		―		109		213
Tax effect			(149)		(57)		―		(39)		(245)
Total other comprehensive income (loss),
	net of tax		(193)		91		―		70		(32)
Balance at March 31, 2015, net of tax		$	(1,288)	$	(5,202)	$	―	$	169	$	(6,321)
Three months ended March 31, 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		5		―		2		9		16
	Amounts reclassified out		―		91		―		(6)		85
Total other comprehensive income (loss),
	before tax		5		91		2		3		101
Tax effect			3		(30)		(1)		(1)		(29)
Total other comprehensive income (loss),
	net of tax		8		61		1		2		72
Balance at March 31, 2014, net of tax		$	(180)	$	(3,654)	$	(1)	$	(6)	$	(3,841)

Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation does include impacts from items such as net investment hedge transactions.Reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income.

Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
			Amount Reclassified from
(Millions)			Accumulated Other Comprehensive Income			Location on Income Statement
Details about Accumulated Other Comprehensive Income Components		Three months ended March 31, 2015		Three months ended March 31, 2014
Gains (losses) associated with, defined benefit pension and postretirement plans amortization
	Transition asset	$	―	$	―	See Note 7
	Prior service benefit		18		15	See Note 7
	Net actuarial loss		(159)		(106)	See Note 7
Curtailments/Settlements			17		―	See Note 7
Total before tax			(124)		(91)
Tax effect			46		30	Provision for income taxes
Net of tax		$	(78)	$	(61)
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	$	30	$	4	Cost of sales
	Commodity price swap contracts		(2)		2	Cost of sales
	Interest rate swap contracts		(1)		―	Interest expense
Total before tax			27		6
Tax effect			(10)		(2)	Provision for income taxes
Net of tax		$	17	$	4
Total reclassifications for the period, net of tax		$	(61)	$	(57)