Stock Analysis on Net
Stock Analysis on Net
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3M Co. (NYSE:MMM)

Balance Sheet: Assets

Beginner level

The balance sheet 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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

3M Co., consolidated balance sheet: assets

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 2,353  2,853  3,053  2,398  1,798 
Marketable securities, current 98  380  1,076  280  118 
Accounts receivable, net of allowances 4,791  5,020  4,911  4,392  4,154 
Inventories 4,134  4,366  4,034  3,385  3,518 
Prepaids 704  741  937  821  — 
Derivative assets, current 75  88  37  148  211 
Held-to-maturity debt security held in trust 470  —  —  —  — 
Insurance related (receivables, prepaid expenses and other) 172  103  71  109  106 
Other 174  158  158  193  1,081 
Other current assets 891  349  266  450  1,398 
Current assets 12,971  13,709  14,277  11,726  10,986 
Property, plant and equipment, net 9,333  8,738  8,866  8,516  8,515 
Operating lease right of use assets 858  —  —  —  — 
Goodwill 13,444  10,051  10,513  9,166  9,249 
Intangible assets, net 6,379  2,657  2,936  2,320  2,601 
Deferred income taxes 521  365  511  422  510 
Prepaid pension and post retirement 230  208  237  52  188 
Insurance related receivables and other 67  68  63  68  49 
Cash surrender value of life insurance policies 254  251  241  236  241 
Equity method investments 70  70  70  60  56 
Equity and other investments 126  118  80  68  61 
Other 406  265  193  272  262 
Other assets 1,674  1,345  1,395  1,178  1,367 
Non-current assets 31,688  22,791  23,710  21,180  21,732 
Total assets 44,659  36,500  37,987  32,906  32,718 

Based on: 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. 3M Co.’s current assets decreased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. 3M Co.’s property, plant and equipment, net decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. 3M Co.’s non-current assets decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. 3M Co.’s total assets decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. 3M Co.’s cash and cash equivalents decreased from 2017 to 2018 and from 2018 to 2019.
Marketable securities, current Amount of investment in marketable security, classified as current. 3M Co.’s marketable securities, current decreased from 2017 to 2018 and from 2018 to 2019.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. 3M Co.’s accounts receivable, net of allowances increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. 3M Co.’s inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.