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3M Co. (MMM) | Statement of Financial Position, Liabilities and Stockholders' Equity

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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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.

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3M Co., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity

USD $ in millions

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Short-term borrowings and current portion of long-term debt
chart Accounts payable
chart Accrued payroll
chart Accrued income taxes
chart Accrued trade payables
chart Deferred income
chart Derivative liabilities
chart Restructuring actions
chart Employee benefits and withholdings
chart Product and other claims
chart Property and other taxes
chart Pension and postretirement benefits
chart Deferred income taxes
chart Other
chart Other current liabilities
chart Current liabilities
chart Long-term debt, excluding current portion
chart Pension and postretirement benefits
chart Long term income taxes payable
chart Employee benefits
chart Product and other claims
chart Capital lease obligations
chart Deferred income
chart Deferred income taxes
chart Other
chart Other liabilities
chart Non-current liabilities
chart Total liabilities
chart Common stock, par value $.01 per share
chart Additional paid-in capital
chart Retained earnings
chart Treasury stock
chart Unearned compensation
chart Accumulated other comprehensive income (loss)
chart 3M Company shareholders’ equity
chart Noncontrolling interest
chart Total equity
chart Total liabilities and equity
Source: 3M Co., Annual Reports
Item Description The company
Accounts payable Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). 3M Co.'s accounts payable increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
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.'s current liabilities increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.
Non-current liabilities Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. 3M Co.'s non-current liabilities declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
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.'s total liabilities increased from 2009 to 2010 and from 2010 to 2011.
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's 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). 3M Co.'s 3M Company shareholders’ equity increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
Total equity Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. 3M Co.'s total equity increased from 2009 to 2010 but then slightly declined from 2010 to 2011.

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