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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Elements  
Supplemental Cash Flow Information

NOTE 9.  Supplemental Cash Flow Information

 

 

 

 

 

 

 

 

 

 

 

 

(Millions)

    

2018

    

2017

    

2016

 

Cash income tax payments, net of refunds

 

$

1,560

 

$

1,604

 

$

1,888

 

Cash interest payments

 

 

328

 

 

214

 

 

194

 

 

Cash interest payments include interest paid on debt and capital lease balances, including net interest payments/receipts related to accreted debt discounts/premiums, payment of debt issue costs, as well as net interest payments/receipts associated with interest rate swap contracts. Cash interest payments exclude the cash paid for early debt extinguishment costs. Additional details are described in Note 12.

 

Individual amounts in the Consolidated Statement of Cash Flows exclude the impacts of acquisitions, divestitures and exchange rate impacts, which are presented separately.

 

Transactions related to investing and financing activities with significant non-cash components are as follows:

·

3M sold and leased-back, under capital leases, certain recently constructed machinery and equipment in return for municipal securities with certain cities in the United States. In aggregate, the values totaled approximately $13 million in 2018, $13 million in 2017, and $12 million in 2016, as of the transaction date.