Paying users zone. Data is covered by hidden.

  • Get to 3M Co. for $17.99, or

  • get to whole website for at least 3 months from $49.99.

Microsoft Excel LibreOffice Calc


Analysis of Debt

Difficulty: Advanced


Total Debt (Carrying Amount)

3M Co., Statement of Financial Position, Debt

USD $ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Short-term borrowings and current portion of long-term debt hidden hidden hidden hidden hidden
Long-term debt, excluding current portion hidden hidden hidden hidden hidden
Capital lease obligations hidden hidden hidden hidden hidden
Total debt (carrying amount) hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12), 10-K (filing date: 2014-02-13).

Item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. 3M Co.'s total debt increased from 2015 to 2016 and from 2016 to 2017.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2017
Selected Financial Data (USD $ in millions)
Short-term borrowings and current portion of long-term debt, except Medium-term fixed rate note nad Eurobond securities hidden
Long-term debt, excluding current portion, except Medium-term fixed rate note nad Eurobond securities hidden
Medium-term fixed rate note hidden
Eurobond securities hidden
Total debt (fair value) hidden
Ratio
Debt, fair value to carrying amount hidden

Based on: 10-K (filing date: 2018-02-08).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: hidden

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
hidden hidden hidden
hidden hidden hidden
hidden hidden hidden
hidden hidden hidden
Total hidden hidden hidden

Based on: 10-K (filing date: 2018-02-08).

1 USD $ in millions

2 Weighted-average interest rate = 100 × hidden ÷ hidden = hidden


Interest Costs Incurred

3M Co.

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Interest expense hidden hidden hidden hidden hidden
Capitalized interest hidden hidden hidden hidden hidden
Interest costs incurred hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12), 10-K (filing date: 2014-02-13).

Item Description The company
Interest expense Amount of the cost of borrowed funds accounted for as interest expense for debt. 3M Co.'s interest expense increased from 2015 to 2016 and from 2016 to 2017.
Capitalized interest Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. 3M Co.'s capitalized interest declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.
Interest costs incurred Total interest costs incurred during the period and either capitalized or charged against earnings. 3M Co.'s interest costs incurred increased from 2015 to 2016 and from 2016 to 2017.

Adjusted Interest Coverage Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Net income attributable to 3M hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
 
Interest costs incurred hidden hidden hidden hidden hidden
Ratio With and Without Capitalized Interest
Interest coverage ratio (excluding capitalized interest)1 hidden hidden hidden hidden hidden
Adjusted interest coverage ratio (including capitalized interest)2 hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12), 10-K (filing date: 2014-02-13).

2017 Calculations

1 Interest coverage ratio (excluding capitalized interest) = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

2 Adjusted interest coverage ratio (including capitalized interest) = EBIT ÷ Interest costs incurred
= hidden ÷ hidden = hidden


Ratio Description The company
Adjusted interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). 3M Co.'s adjusted interest coverage ratio deteriorated from 2015 to 2016 and from 2016 to 2017.