3M 2004 Annual Report Download - page 63
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37
Item 8. Financial Statements and Supplementary Data.
Index to Financial Statements
Reference (pages)
Management’s Responsibility for Financial Reporting 38
Management’s Report on Internal Control Over Financial Reporting 38
Report of Independent Registered Public Accounting Firm 39
Consolidated Statement of Income for the years ended December 31, 2004, 2003
and 2002 40
Consolidated Balance Sheet at December 31, 2004 and 2003 41
Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive
Income for the years ended December 31, 2004, 2003 and 2002 42
Consolidated Statement of Cash Flows for the years ended December 31, 2004,
2003 and 2002 43
Notes to Consolidated Financial Statements 44 – 73
Note 1. Significant Accounting Policies 44
Note 2. Acquisitions and Divestitures 49
Note 3. Goodwill and Intangible Assets 52
Note 4. 2001/2002 Corporate Restructuring Program 53
Note 5. Supplemental Balance Sheet Information 55
Note 6. Supplemental Stockholders’ Equity and Comprehensive Income Information 56
Note 7. Supplemental Cash Flow Information 57
Note 8. Income Taxes 58
Note 9. Long-Term Debt and Short-Term Borrowings 60
Note 10. Derivatives and Other Financial Instruments 61
Note 11. Pension and Postretirement Benefit Plans 63
Note 12. Commitments and Contingencies 68
Note 13. Employee Savings and Stock Ownership Plans 68
Note 14. General Employees’ Stock Purchase Plan 69
Note 15. Management Stock Ownership Program 70
Note 16. Business Segments 71
Note 17. Geographic Areas 73
Note 18. Quarterly Data (Unaudited) 73