Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

3M Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term borrowings and current portion of long-term debt	1,307)	806)	2,795)	1,211)	1,853)
Accounts payable	2,994)	2,561)	2,228)	2,266)	1,945)
Accrued payroll	1,020)	747)	702)	749)	870)
Accrued income taxes	260)	300)	194)	243)	310)
Current operating lease liabilities	263)	256)	247)	—)	—)
Accrued rebates	731)	639)	594)	558)	516)
Deferred revenue	529)	498)	430)	617)	513)
Derivative liabilities	23)	81)	17)	32)	135)
Employee benefits and withholdings	219)	192)	229)	228)	208)
Contingent liability claims and other	487)	556)	566)	244)	179)
Property, sales-related and other taxes	326)	308)	247)	273)	277)
Pension and postretirement benefits	78)	71)	67)	76)	69)
Current obligations of finance leases	7)	22)	21)	17)	13)
Other	791)	911)	885)	730)	799)
Other current liabilities	3,191)	3,278)	3,056)	2,775)	2,709)
Current liabilities	9,035)	7,948)	9,222)	7,244)	7,687)
Long-term debt, excluding current portion	16,056)	17,989)	17,518)	13,411)	12,096)
Pension and postretirement benefits	2,870)	4,405)	3,911)	2,987)	3,620)
Noncurrent operating lease liabilities	591)	609)	607)	—)	—)
Long term income taxes payable	1,324)	1,511)	1,507)	1,274)	1,287)
Employee benefits	400)	410)	312)	299)	319)
Contingent liability claims and other	872)	815)	787)	789)	727)
Finance leases, net of current obligations	93)	93)	111)	75)	60)
Deferred income taxes	458)	333)	301)	279)	235)
Other	256)	300)	257)	294)	334)
Other liabilities	3,403)	3,462)	3,275)	3,010)	2,962)
Noncurrent liabilities	22,920)	26,465)	25,311)	19,408)	18,678)
Total liabilities	31,955)	34,413)	34,533)	26,652)	26,365)
Common stock par value, $.01 par value	9)	9)	9)	9)	9)
Additional paid-in capital	6,429)	6,162)	5,907)	5,643)	5,352)
Retained earnings	45,821)	43,761)	42,135)	40,636)	39,115)
Treasury stock, at cost	(30,463)	(29,404)	(29,849)	(29,626)	(25,887)
Accumulated other comprehensive loss	(6,750)	(7,661)	(8,139)	(6,866)	(7,026)
Total 3M Company shareholders’ equity	15,046)	12,867)	10,063)	9,796)	11,563)
Noncontrolling interest	71)	64)	63)	52)	59)
Total equity	15,117)	12,931)	10,126)	9,848)	11,622)
Total liabilities and equity	47,072)	47,344)	44,659)	36,500)	37,987)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	3M Co. current liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	3M Co. noncurrent liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	3M Co. total liabilities decreased from 2019 to 2020 and from 2020 to 2021.
Total 3M Company shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	3M Co. total 3M Company shareholders’ equity increased from 2019 to 2020 and from 2020 to 2021.

3M Co. (NYSE:MMM)

Balance Sheet: Liabilities and Stockholders’ Equity