3M 2011 Annual Report Download - page 71

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NOTE 5. Supplemental Balance Sheet Information
Accounts payable (included as a separate line item in the Consolidated Balance Sheet) includes drafts payable on
demand of $82 million at both December 31, 2011, and 2010. Accumulated depreciation for capital leases totaled
$60 million and $50 million as of December 31, 2011, and 2010, respectively. Additional supplemental balance sheet
information is provided in the table that follows.
(Millions) 2011 2010
Other current assets
Prepaid expenses and other .............................................................................. $ 676 $ 555
Deferred income taxes ....................................................................................... 385 282
Derivative assets-current ................................................................................... 107 38
Product and other insurance receivables ........................................................... 109 92
Total other current assets ............................................................................... $ 1,277 $ 967
Investments
Equity method .................................................................................................... $ 98 $ 84
Cost method ....................................................................................................... 47 36
Other investments .............................................................................................. 10 26
Total investments ............................................................................................ $ 155 $ 146
Property, plant and equipment — at cost
Land.................................................................................................................... $ 377 $ 358
Buildings and leasehold improvements .............................................................. 6,587 6,321
Machinery and equipment .................................................................................. 13,240 12,769
Construction in progress .................................................................................... 814 656
Capital leases ..................................................................................................... 148 149
Gross property, plant and equipment ................................................................. 21,166 20,253
A
ccumulated depreciation .................................................................................. (13,500) (12,974 )
Property, plant and equipment — net ............................................................. $ 7,666 $ 7,279
Other assets
Deferred income taxes ....................................................................................... $ 1,018 $ 648
Product and other insurance receivables ........................................................... 151 143
Cash surrender value of life insurance policies ................................................. 223 213
Other................................................................................................................... 264 258
Total other assets ........................................................................................... $ 1,656 $ 1,262
Other current liabilities
A
ccrued trade payables ..................................................................................... $ 516 $ 476
Deferred income ................................................................................................. 389 369
Derivative liabilities ............................................................................................. 49 87
Restructuring actions.......................................................................................... 6 22
Employee benefits and withholdings .................................................................. 160 167
Product and other claims ................................................................................... 159 132
Property and other taxes .................................................................................... 94 196
Pension and postretirement benefits .................................................................. 53 41
Deferred income taxes ....................................................................................... 23 26
Other................................................................................................................... 636 506
Total other current liabilities ............................................................................ $ 2,085 $ 2,022
Other liabilities
Long term income taxes payable ....................................................................... $ 595 $ 627
Employee benefits .............................................................................................. 577 524
Product and other claims ................................................................................... 329 324
Capital lease obligations .................................................................................... 79 94
Deferred income ................................................................................................. 19 18
Deferred income taxes ....................................................................................... 251 198
Other................................................................................................................... 7 69
Total other liabilities ........................................................................................ $ 1,857 $ 1,854