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46
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, 2007
$
12,072
$
2,798
$
20,295
$
(10,520
)
$
(79
)
$
(747
)
$
325
Net income ...................
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 ($2.00 per share) .
(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
Net income ...................
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 ($2.04 per share) .
(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
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.