3M 2008 Annual Report Download - page 46

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40
Item 8. Financial Statements and Supplementary Data.
Index to Financial Statements
Beginning
page
Management’s Responsibility for Financial Reporting........................................................................... 41
Management’s Report on Internal Control Over Financial Reporting .................................................... 41
Report of Independent Registered Public Accounting Firm................................................................... 42
Consolidated Statement of Income for the years ended December 31, 2008, 2007 and 2006............. 43
Consolidated Balance Sheet at December 31, 2008 and 2007............................................................. 44
Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive Income for the years
ended December 31, 2008, 2007 and 2006.......................................................................................
45
Consolidated Statement of Cash Flows for the years ended December 31, 2008, 2007 and 2006...... 46
Notes to Consolidated Financial Statements ......................................................................................... 47
Note 1. Significant Accounting Policies............................................................................................ 47
Note 2. Acquisitions and Divestitures .............................................................................................. 53
Note 3. Goodwill and Intangible Assets ........................................................................................... 58
Note 4. Restructuring Actions and Exit Activities ............................................................................. 59
Note 5. Supplemental Balance Sheet Information........................................................................... 63
Note 6. Supplemental Stockholders’ Equity and Accumulated Other Comprehensive Income
Information.......................................................................................................................
65
Note 7. Supplemental Cash Flow Information ................................................................................. 66
Note 8. Income Taxes ...................................................................................................................... 67
Note 9. Marketable Securities.......................................................................................................... 69
Note 10. Long-Term Debt and Short-Term Borrowings..................................................................... 71
Note 11. Pension and Postretirement Benefit Plans.......................................................................... 73
Note 12. Derivatives........................................................................................................................... 79
Note 13. Fair Value Measurements ................................................................................................... 81
Note 14. Commitments and Contingencies ....................................................................................... 84
Note 15. Employee Savings and Stock Ownership Plans ................................................................. 92
Note 16. Stock-Based Compensation................................................................................................ 93
Note 17. Business Segments............................................................................................................. 96
Note 18. Geographic Areas................................................................................................................ 98
Note 19.
Quarterly Data (Unaudited) ................................................................................................. 98