3M 2012 Annual Report Download - page 75
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69
The following table summarizes the effects of the 2010 transactions on equity attributable to 3M Company shareholders.
(Millions)
2010
Net income attributable to 3M
$
4,085
Transfers from noncontrolling interest
43
Change in 3M Company shareholders’ equity from net income attributable to 3M and
transfers from noncontrolling interest
$
4,128
NOTE 6. Supplemental Cash Flow Information
(Millions)
2012
2011
2010
Cash income tax payments, net of refunds
$
1,717
$
1,542
$
1,509
Cash interest payments
166
219
178
Capitalized interest
23
19
17
Cash interest payments include interest paid on debt and capital lease balances, including net interest payments/receipts
related to accreted debt discounts/premiums, as well as net interest payments/receipts associated with interest rate swap
contracts.
Individual amounts in the Consolidated Statement of Cash Flows exclude the impacts of acquisitions, divestitures and
exchange rate impacts, which are presented separately.
Transactions related to investing and financing activities with significant non-cash components are as follows:
During 2010, Sumitomo 3M purchased a portion of its shares held by its noncontrolling interest, Sumitomo
Electric Industries, Ltd. (SEI), by paying cash of 5.8 billion Japanese Yen and entering into a note payable to SEI
of 17.4 billion Japanese Yen. The cash paid as a result of the purchase of Sumitomo 3M shares from SEI was
classified as other financing activity in the consolidated statement of cash flows. The remainder of the purchase
financed by the note payable to SEI was considered non-cash financing activity in the first quarter of 2010. This is
described in Note 5 in the section entitled “Purchase and Sale of Subsidiary Shares and Transfers of Ownership
Interests Involving Non-Wholly Owned Subsidiaries”.
Also in 2010, as discussed in Note 2, the Company recorded a financed liability of 1.7 billion Japanese Yen
related to the A-One acquisition.