3M 2009 Annual Report Download - page 56
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50
Consolidated Statement of Changes in Equity (continued)
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, 2008 $ 10,304 $ 3,015 $ 22,227 $ (11,676) $ (40) $ (3,646) $ 424
Net income including
noncontrolling interest ........... 3,244 3,193 51
Cumulative translation
adjustment ............................ 273 286 (13)
Defined benefit pension
and postretirement plans
adjustment ............................ (314) (309) (5)
Debt and equity securities —
unrealized gain (loss) ............ 10 10
Cash flow hedging instruments
— unrealized gain (loss) ....... (80) (80)
Total comprehensive income 3,133
Dividends paid........................... (1,431) (1,431) —
Transfer to noncontrolling
interest .................................. — (66) (15) 81
Amortization of unearned
compensation........................ 40 40
Stock-based compensation, net
of tax impacts........................ 213 213
Reacquired stock ...................... (17) (17)
Issuances pursuant to stock
option and benefit plans ........ 1,060 (236) 1,296
Balance at December 31, 2009 $ 13,302 $ 3,162 $ 23,753 $ (10,397) $ — $ (3,754) $ 538
Supplemental share information (Millions): 2009 2008 2007
Treasury stock
Beginning balance ...................................................................... 250.5 234.9 209.7
Reacquired stock........................................................................ 0.2 21.4 39.7
Issuances pursuant to stock options and benefit plans.............. (17.3) (5.8) (14.3)
Issuances pursuant to acquisitions.............................................
—
— (0.2)
Ending balance............................................................................... 233.4 250.5 234.9
Consolidated Statement of Comprehensive Income (Loss)
(Millions) 2009 2008 2007
Net income including noncontrolling interest ................................. $ 3,244 $ 3,520 $ 4,151
Other comprehensive income, net of tax:
Cumulative translation adjustment ............................................. 273 (806) 548
Defined benefit pension and postretirement plans adjustment .. (314) (2,092) 610
Debt and equity securities, unrealized gain (loss)...................... 10 (11) (10)
Cash flow hedging instruments, unrealized gain (loss) .............. (80) 72 (10)
Total other comprehensive income (loss), net of tax ..................... (111) (2,837) 1,138
Comprehensive income (loss) including noncontrolling interest.... 3,133 683 5,289
Comprehensive (income) loss attributable to noncontrolling
interest ........................................................................................ (33) (122) (67)
Comprehensive income (loss) attributable to 3M........................... $ 3,100 $ 561 $ 5,222
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.