Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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 (quarterly data)

US$ in millions

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Short-term borrowings and current portion of long-term debt	1,486	3,248	2,795	1,960	892	790	1,211	1,307	3,225	3,449	1,853	835	213	909	972	1,282	2,450	2,212	2,044	2,279	86	132
Accounts payable	1,975	2,207	2,228	2,079	2,130	2,309	2,266	2,029	1,871	1,874	1,945	1,824	1,782	1,701	1,798	1,621	1,650	1,581	1,694	1,600	1,714	1,801
Accrued payroll	500	523	702	669	604	517	749	783	646	563	870	856	666	532	678	729	580	468	644	684	582	446
Accrued income taxes	371	136	194	137	223	183	243	186	293	282	310	374	432	433	299	364	169	590	332	105	327	464
Operating lease liabilities, current	248	244	247	241	247	255	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other current liabilities	2,702	2,776	3,056	2,735	3,169	3,071	2,775	3,031	2,867	2,791	2,709	2,709	2,604	2,420	2,472	2,404	2,405	2,327	2,404	2,364	2,386	2,239
Current liabilities	7,282	9,134	9,222	7,821	7,265	7,125	7,244	7,336	8,902	8,959	7,687	6,598	5,697	5,995	6,219	6,400	7,254	7,178	7,118	7,032	5,095	5,082
Long-term debt, excluding current portion	19,276	19,247	17,518	17,479	14,914	15,580	13,411	13,539	11,294	12,211	12,096	10,828	11,088	10,802	10,678	11,079	9,299	8,927	8,753	8,974	8,431	6,459
Pension and postretirement benefits	3,724	3,794	3,911	2,667	2,761	2,919	2,987	3,183	3,254	3,381	3,620	3,748	3,761	3,764	4,018	3,179	3,418	3,454	3,520	3,462	3,683	3,764
Operating lease liabilities, non-current	607	603	607	584	619	531	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other liabilities	3,275	3,225	3,275	3,235	3,268	3,228	3,010	2,906	2,900	2,985	2,962	1,861	1,767	1,691	1,648	1,345	1,327	1,649	1,580	1,566	1,049	1,386
Non-current liabilities	26,882	26,869	25,311	23,965	21,562	22,258	19,408	19,628	17,448	18,577	18,678	16,437	16,616	16,257	16,344	15,603	14,044	14,030	13,853	14,002	13,163	11,609
Total liabilities	34,164	36,003	34,533	31,786	28,827	29,383	26,652	26,964	26,350	27,536	26,365	23,035	22,313	22,252	22,563	22,003	21,298	21,208	20,971	21,034	18,258	16,691
Common stock par value, $.01 par value	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Additional paid-in capital	6,074	6,024	5,907	5,861	5,812	5,755	5,643	5,597	5,550	5,496	5,352	5,302	5,244	5,189	5,061	5,012	4,963	4,916	4,791	4,731	4,685	4,607
Retained earnings	42,759	42,345	42,135	42,085	41,362	41,159	40,636	40,120	39,442	38,453	39,115	39,454	38,793	38,094	37,907	37,745	37,194	36,785	36,575	36,235	35,615	35,080
Treasury stock, at cost	(29,699)	(29,817)	(29,849)	(29,865)	(29,828)	(29,668)	(29,626)	(28,510)	(27,617)	(26,178)	(25,887)	(25,706)	(25,466)	(25,354)	(25,434)	(24,618)	(24,088)	(23,716)	(23,308)	(22,322)	(20,983)	(19,458)
Accumulated other comprehensive loss	(8,286)	(8,414)	(8,139)	(7,388)	(7,272)	(7,552)	(6,866)	(6,968)	(7,019)	(6,803)	(7,026)	(6,913)	(6,989)	(6,949)	(7,245)	(6,146)	(6,184)	(6,261)	(6,359)	(6,467)	(6,233)	(6,321)
Total 3M Company shareholders’ equity	10,857	10,147	10,063	10,702	10,083	9,703	9,796	10,248	10,365	10,977	11,563	12,146	11,591	10,989	10,298	12,002	11,894	11,733	11,708	12,186	13,093	13,917
Noncontrolling interest	58	62	63	62	59	54	52	63	63	62	59	56	53	51	45	46	43	41	39	38	37	35
Total equity	10,915	10,209	10,126	10,764	10,142	9,757	9,848	10,311	10,428	11,039	11,622	12,202	11,644	11,040	10,343	12,048	11,937	11,774	11,747	12,224	13,130	13,952
Total liabilities and equity	45,079	46,212	44,659	42,550	38,969	39,140	36,500	37,275	36,778	38,575	37,987	35,237	33,957	33,292	32,906	34,051	33,235	32,982	32,718	33,258	31,388	30,643

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.’s current liabilities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	3M Co.’s non-current liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
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). This excludes temporary equity and is sometimes called permanent equity.	3M Co.’s total 3M Company shareholders’ equity increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

3M Co. (NYSE:MMM)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data