3M 2006 Annual Report Download - page 80

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
NOTE 5. Supplemental Balance Sheet Information
  
(Millions) 2006 2005
Other current assets
Product and other insurance receivables $ 255 $ 283
Deferred income taxes 412 236
Prepaid expenses and other 658 524
Total other current assets $ 1,325 $1,043
Investments
Available-for-sale (fair value) $ 14 $ 7
Equity-method 86 77
Cash surrender value of life insurance policies, real
estate and other (cost, which approximates fair value) 214 188
Total investments $ 314 $ 272
Property, plant and equipment ±at cost
Land $ 281 $ 256
Buildings and leasehold improvements 5,002 4,717
Machinery and equipment 11,130 10,730
Construction in progress 505 331
Capital leases 99 93
Gross property, plant and equipment 17,017 16,127
Accumulated depreciation* (11,110) (10,534)
3URSHUW\SODQWDQGHTXLSPHQW±QHW $ 5,907 $5,593
*Includes accumulated depreciation for capital leases of $37 million for 2006 and $34 million for 2005.
Other assets
Product and other insurance receivables $ 373 $ 437
Deferred income taxes 253 138
Other 150 65
Total other assets $ 776 $ 640
Other current liabilities
Accrued trade payables $ 556 $ 455
Employee benefits and withholdings 168 198
Deferred income 299 237
Property and other taxes 176 163
Product and other claims 115 138
Non-funded pension benefits 31 22
Deferred income taxes 79
Other 409 230
Total other current liabilities $1,761 $1,452