Stock Analysis on Net
Stock Analysis on Net

3M Co. (NYSE:MMM)

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

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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
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 

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

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.