Supplemental Equity and Comprehensive Income Information (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Equity and Comprehensive Income Information

Consolidated Statement of Changes in Equity

Three months ended March 31, 2017

			3M Company Shareholders
			Common						Accumulated
			Stock and						Other
			Additional						Comprehensive		Non-
			Paid-in		Retained		Treasury		Income		controlling
(Millions)	Total		Capital		Earnings		Stock		(Loss)		Interest
Balance at December 31, 2016	$	10,343	$	5,070	$	37,907	$	(25,434)	$	(7,245)	$	45
Net income		1,326				1,323						3
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment		292								289		3
Defined benefit pension and post-retirement plans adjustment		83								83		—
Cash flow hedging instruments - unrealized gain (loss)		(76)								(76)		—
Total other comprehensive income (loss), net of tax		299
Dividends declared		(702)				(702)
Stock-based compensation		128		128
Reacquired stock		(678)						(678)
Issuances pursuant to stock option and benefit plans		324				(434)		758
Balance at March 31, 2017	$	11,040	$	5,198	$	38,094	$	(25,354)	$	(6,949)	$	51

Three months ended March 31, 2016

			3M Company Shareholders
			Common						Accumulated
			Stock and						Other
			Additional						Comprehensive		Non-
			Paid-in		Retained		Treasury		Income		controlling
(Millions)	Total		Capital		Earnings		Stock		(Loss)		Interest
Balance at December 31, 2015	$	11,468	$	4,800	$	36,296	$	(23,308)	$	(6,359)	$	39
Net income		1,278				1,275						3
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment		138								139		(1)
Defined benefit pension and post-retirement plans adjustment		69								69		—
Cash flow hedging instruments - unrealized gain (loss)		(110)								(110)		—
Total other comprehensive income (loss), net of tax		97
Dividends declared		(672)				(672)
Stock-based compensation		125		125
Reacquired stock		(1,163)						(1,163)
Issuances pursuant to stock option and benefit plans		362				(393)		755
Balance at March 31, 2016	$	11,495	$	4,925	$	36,506	$	(23,716)	$	(6,261)	$	41

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

Three months ended March 31, 2017

							Total
			Defined Benefit		Cash Flow		Accumulated
			Pension and		Hedging		Other
	Cumulative		Postretirement		Instruments,		Comprehensive
	Translation		Plans		Unrealized		Income
(Millions)	Adjustment		Adjustment		Gain (Loss)		(Loss)
Balance at December 31, 2016, net of tax:	$	(2,008)	$	(5,328)	$	91	$	(7,245)
Other comprehensive income (loss), before tax:
Amounts before reclassifications		226		—		(101)		125
Amounts reclassified out		—		119		(18)		101
Total other comprehensive income (loss), before tax		226		119		(119)		226
Tax effect		63		(36)		43		70
Total other comprehensive income (loss), net of tax		289		83		(76)		296
Balance at March 31, 2017, net of tax:	$	(1,719)	$	(5,245)	$	15	$	(6,949)

Three months ended March 31, 2016

							Total
			Defined Benefit		Cash Flow		Accumulated
			Pension and		Hedging		Other
	Cumulative		Postretirement		Instruments,		Comprehensive
	Translation		Plans		Unrealized		Income
(Millions)	Adjustment		Adjustment		Gain (Loss)		(Loss)
Balance at December 31, 2015, net of tax:	$	(1,679)	$	(4,804)	$	124	$	(6,359)
Other comprehensive income (loss), before tax:
Amounts before reclassifications		60		—		(121)		(61)
Amounts reclassified out		—		103		(52)		51
Total other comprehensive income (loss), before tax		60		103		(173)		(10)
Tax effect		79		(34)		63		108
Total other comprehensive income (loss), net of tax		139		69		(110)		98
Balance at March 31, 2016, net of tax:	$	(1,540)	$	(4,735)	$	14	$	(6,261)

Reclassifications Out of Accumulated Other Comprehensive Income

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other Comprehensive Income
Comprehensive Income Components	Three months ended March 31,				Location on Income
(Millions)	2017		2016		Statement
Gains (losses) associated with, defined benefit pension and postretirement plans amortization
Transition asset	$	—	$	—	See Note 7
Prior service benefit		22		23	See Note 7
Net actuarial loss		(141)		(126)	See Note 7
Total before tax		(119)		(103)
Tax effect		36		34	Provision for income taxes
Net of tax	$	(83)	$	(69)
Cash flow hedging instruments gains (losses)
Foreign currency forward/option contracts	$	18	$	53	Cost of sales
Interest rate swap contracts		—		(1)	Interest expense
Total before tax		18		52
Tax effect		(6)		(18)	Provision for income taxes
Net of tax	$	12	$	34
Total reclassifications for the period, net of tax	$	(71)	$	(35)