3M 2010 Annual Report Download - page 70

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64
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 and $83 million as of December 31, 2010, and 2009, respectively. Accumulated depreciation
for capital leases totaled $50 million at both December 31, 2010 and 2009. Additional supplemental balance sheet
information is provided in the table that follows.
(Millions)
2010
2009
Other current assets
Prepaid expenses and other ...........................................................................................
$
555
$
657
Deferred income taxes ....................................................................................................
282
330
Derivative assets-current ................................................................................................
38
25
Product and other insurance receivables .......................................................................
92
110
Total other current assets ...........................................................................................
$
967
$
1,122
Investments
Equity-method .................................................................................................................
$
84
$
73
Available-for-sale ............................................................................................................
21
11
Cost method and other ...................................................................................................
41
19
Total investments ........................................................................................................
$
146
$
103
Property, plant and equipment — at cost
Land ................................................................................................................................
$
358
$
291
Buildings and leasehold improvements ..........................................................................
6,321
6,069
Machinery and equipment ..............................................................................................
12,769
12,296
Construction in progress .................................................................................................
656
627
Capital leases .................................................................................................................
149
157
Gross property, plant and equipment .............................................................................
20,253
19,440
Accumulated depreciation ...............................................................................................
(12,974
)
(12,440
)
Property, plant and equipment — net .........................................................................
$
7,279
$
7,000
Other assets
Deferred income taxes ....................................................................................................
$
648
$
625
Product and other insurance receivables .......................................................................
143
171
Cash surrender value of life insurance policies ..............................................................
213
202
Other ...............................................................................................................................
258
277
Total other assets .......................................................................................................
$
1,262
$
1,275
Other current liabilities
Accrued trade payables ..................................................................................................
$
476
$
464
Deferred income .............................................................................................................
369
316
Derivative liabilities .........................................................................................................
87
94
Restructuring actions ......................................................................................................
22
76
Employee benefits and withholdings ..............................................................................
167
150
Product and other claims ................................................................................................
132
123
Property and other taxes ................................................................................................
196
198
Pension and postretirement benefits ..............................................................................
41
41
Deferred income taxes ....................................................................................................
26
27
Other ...............................................................................................................................
506
410
Total other current liabilities ........................................................................................
$
2,022
$
1,899
Other liabilities
Long term income taxes payable ....................................................................................
$
627
$
611
Employee benefits ..........................................................................................................
524
491
Product and other claims ................................................................................................
324
330
Capital lease obligations .................................................................................................
94
107
Deferred income .............................................................................................................
18
23
Deferred income taxes ....................................................................................................
198
91
Other ...............................................................................................................................
69
74
Total other liabilities ....................................................................................................
$
1,854
$
1,727