Statement of Financial Position, Liabilities and Stockholders' Equity

Difficulty level: Basic

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.

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

USD $ in millions

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Short-term borrowings and current portion of long-term debt 106  1,683  1,085  682  1,269 
Accounts payable 1,807  1,799  1,762  1,643  1,662 
Accrued payroll 732  708  701  676  778 
Accrued income taxes 435  417  371  355  358 
Accrued trade payables 533  547  516  516  476 
Deferred income 541  521  471  389  369 
Derivative liabilities 39  103  106  49  87 
Dividends payable 648  567 
Employee benefits and withholdings 172  195  178  160  167 
Contingent liability claims and other 157  119  147  159  132 
Property and other taxes 90  88  87  94  196 
Pension and postretirement benefits 60  61  55  53  41 
Deferred income taxes 34  37  45  23  26 
Other 644  653  676  642  528 
Other current liabilities 2,918 
2,891 
2,281 
2,085 
2,022 
Current liabilities 5,998 
7,498 
6,200 
5,441 
6,089 
Long-term debt, excluding current portion 6,731  4,326  4,916  4,484  4,183 
Pension and postretirement benefits 3,843  1,794  3,086  3,972  2,013 
Long term income taxes payable 519  472  454  595  627 
Employee benefits 262  315  332  577  524 
Contingent liability claims and other 300  314  314  329  324 
Capital lease obligations 59  58  71  79  94 
Deferred income 21  19  29  19  18 
Deferred income taxes 141  538  167  251  198 
Other 253  268  267  69 
Other liabilities 1,555 
1,984 
1,634 
1,857 
1,854 
Non-current liabilities 12,129 
8,104 
9,636 
10,313 
8,050 
Total liabilities 18,127 
15,602 
15,836 
15,754 
14,139 
Common stock, par value $.01 per share
Additional paid-in capital 4,379  4,375  4,044  3,767  3,468 
Retained earnings 34,317  32,416  30,679  28,348  25,995 
Treasury stock (19,307) (15,385) (12,407) (11,679) (10,266)
Accumulated other comprehensive loss (6,289) (3,913) (4,750) (5,025) (3,543)
Total 3M Company shareholders' equity 13,109 
17,502 
17,575 
15,420 
15,663 
Noncontrolling interest 33  446  465  442  354 
Total equity 13,142 
17,948 
18,040 
15,862 
16,017 
Total liabilities and equity 31,269 
33,550 
33,876 
31,616 
30,156 
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 2012 to 2013 and from 2013 to 2014.
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 2012 to 2013 but then declined significantly from 2013 to 2014.
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 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 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 declined from 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 level.
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'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 total 3M Company shareholders' equity declined from 2012 to 2013 and from 2013 to 2014.
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 declined from 2012 to 2013 and from 2013 to 2014.

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