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94
Location and Fair Value Amount of Derivative Instruments
The following tables summarize the fair value of 3M’s derivative instruments, excluding nonderivative instruments used as
hedging instruments, and their location in the consolidated balance sheet. Additional information with respect to the fair
value of derivative instruments is included in Note 12.
December 31, 2013
(Millions) Assets
Liabilities
Fair Value of Derivative Instruments
Location
Amount
Location
Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts Other current assets
$
24 Other current liabilities
$
35
Commodity price swap contracts Other current assets
1 Other current liabilities
―
Interest rate swap contracts Other assets 8 Other liabilities 7
Total derivatives designated as
hedging instruments
$
33 $
42
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts Other current assets
$
51 Other current liabilities
$
68
Total derivatives not designated as
hedging instruments
$
51 $
68
Total derivative instruments
$
84 $
110
December 31, 2012
(Millions) Assets
Liabilities
Fair Value of Derivative Instruments
Location
Amount
Location
Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts Other current assets
$
39 Other current liabilities
$
85
Commodity price swap contracts Other current assets
― Other current liabilities
1
Interest rate swap contracts Other assets 23 Other liabilities ―
Total derivatives designated as
hedging instruments
$
62 $
86
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts
Other current assets
$
10 Other current liabilities
$
20
Total derivatives not designated as
hedging instruments
$
10 $
20
Total derivative instruments
$
72 $
106