XML 30 R16.htm IDEA: XBRL DOCUMENT

Long-Term Debt and Short-Term Borrowings	9 Months Ended
Long-Term Debt and Short-Term Borrowings	Sep. 30, 2018
Long-Term Debt and Short-Term Borrowings
Long-Term Debt and Short-Term Borrowings	NOTE 10. Long-Term Debt and Short-Term Borrowings In September 2018, 3M issued $400 million aggregate principal amount of 3-year fixed rate medium-term notes due 2021 with a coupon rate of 3.00%, $300 million aggregate principal amount of 5.5-year fixed rate medium-term notes due 2024 with a coupon rate of 3.25%, $300 million aggregate principal amount of 5.5-year floating rate medium-term notes due 2024 with a rate based on a floating three-month LIBOR index, $600 million aggregate principal amount of 10-year fixed rate medium-term notes due 2028 with a coupon rate of 3.625%, and $650 million aggregate principal amount of 30-year fixed rate medium-term notes due 2048 with a coupon rate of 4.00%. Upon debt issuance, the Company entered into a fixed-to-floating interest rate swap on $200 million aggregate principal amount of the 3-year fixed rate medium-term notes issued with an interest rate based on a three-month LIBOR index. As of September 30, 2018, the Company had zero commercial paper outstanding. As of December 31, 2017, the Company had approximately $745 million in commercial paper outstanding. In August 2018, 3M repaid $450 million aggregate principal amount of fixed rate medium-term notes that matured.