3M 2009 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2009 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

49
Consolidated Statement of Changes in Equity and Comprehensive Income
3M Company and Subsidiaries
Years Ended December 31
Consolidated Statement of Changes in Equity
3M Company Shareholders
(Millions) Total
Common
Stock and
Additional
Paid-in
Capital
Retained
Earnings
Treasury
Stock
Unearned
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Non-
controlling
Interest
Balance at December 31, 2006* $ 10,238 $ 2,493 $ 17,911 $ (8,456) $ (115) $ (1,873) $ 278
Net income including
noncontrolling interest ................ 4,151 4,096 55
Cumulative translation adjustment . 548 532 16
Defined benefit pension and
postretirement plans adjustment 610 614 (4)
Debt and equity securities —
unrealized gain (loss) ................. (10 ) (10)
Cash flow hedging instruments —
unrealized gain (loss) ................. (10 ) (10)
Total comprehensive income ..... 5,289
Adjustment to initially apply
guidance concerning
uncertainty in income taxes........ (1 ) (1)
Dividends paid................................ (1,400 ) (1,380) (20)
Amortization of unearned
compensation............................. 36 36
Stock-based compensation, net
of tax impacts............................. 305 305
Reacquired stock ........................... (3,237 ) (3,237)
Issuances pursuant to stock
option and benefit plans ............. 829 (331) 1,160
Issuances pursuant to acquisitions 13 13
Balance at December 31, 2007 $ 12,072 $ 2,798 $ 20,295 $ (10,520) $ (79) $ (747) $ 325
Net income including
noncontrolling interest ................ 3,520 3,460 60
Cumulative translation adjustment . (806 ) (888) 82
Defined benefit pension and
postretirement plans adjustment (2,092 ) (2,072) (20)
Debt and equity securities —
unrealized gain (loss) ................. (11 ) (11)
Cash flow hedging instruments
— unrealized gain (loss) ............ 72 72
Total comprehensive income ..... 683
Dividends paid................................ (1,421 ) (1,398) (23
Amortization of unearned
compensation............................. 39 39
Stock-based compensation,
net of tax impacts....................... 217 217
Reacquired stock ........................... (1,603 ) (1,603)
Issuances pursuant to stock
option and benefit plans ............. 317 (130) 447
Balance at December 31, 2008 $ 10,304 $ 3,015 $ 22,227 $ (11,676) $ (40) $ (3,646) $ 424
* Balances reflect the impact of retrospective application of new standards related to the accounting for convertible
debt instruments that may be settled in cash upon conversion (including partial cash settlement) and
noncontrolling interests in consolidated financial statements, as discussed in Note 1.
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.
)