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47
Consolidated Statement of Changes in Equity
3M Company and Subsidiaries
Years Ended December 31
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 ...................... 3,244 3,193 51
Other comprehensive income (loss),
net of tax:
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 other comprehensive income
(loss), net of tax .............. (111)
Dividends paid ($2.04 per share) . . . . (1,431) (1,431 )
Transfer to noncontrolling interest . . .
—
(66 ) (15 ) 81
A
mortization 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
Net income ...................... 4,163 4,085 78
Other comprehensive income (loss),
net of tax:
Cumulative translation adjustment . . . 244 205 39
Defined benefit pension and
postretirement plans adjustment . . (42) (40 ) (2 )
Debt and equity securities —
unrealized gain (loss) ........... 3 3 —
Cash flow hedging instruments —
unrealized gain (loss) ........... 4 4 —
Total other comprehensive income
(loss), net of tax .............. 209
Dividends paid ($2.10 per share) . . . . (1,500) (1,500 )
Purchase of subsidiary shares and
transfers from noncontrolling
interest ....................... (256) 4 39 (299 )
Stock-based compensation,
net of tax impacts .............. 311 311
Reacquired stock ................. (880) (880 )
Issuances pursuant to stock
option and benefit plans . . . . . . . . . 668 (343 ) 1,011
Balance at December 31, 2010 .. $ 16,017 $ 3,477 $ 25,995 $ (10,266)
$
—
$ (3,543 ) $ 354
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.