XML 73 R29.htm IDEA: XBRL DOCUMENT v3.20.1
Supplemental Equity and Comprehensive Income Information (Tables)
3 Months Ended
Mar. 31, 2020
Supplemental Equity and Comprehensive Income Information  
Consolidated Statement of Changes in Equity

Three months ended March 31, 2020

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

3M Company Shareholders

​

​

​

 

​

​

​

​

​

Common

​

​

​

​

​

​

​

Accumulated

​

​

​

 

​

​

​

​

​

Stock and

​

​

​

​

​

​

​

Other

​

​

​

 

​

​

​

​

​

Additional

​

​

​

​

​

​

​

Comprehensive

​

Non-

 

​

​

​

​

​

Paid-in

​

Retained

​

Treasury

​

Income

​

controlling

 

(Millions)

    

Total

    

Capital

    

Earnings

    

Stock

    

(Loss)

    

Interest

 

Balance at December 31, 2019

 

$

10,126

 

$

5,916

 

$

42,135

 

$

(29,849)

 

$

(8,139)

 

$

63

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Net income

​

 

1,294

​

​

​

​

 

1,292

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​

​

​

​

​

​

 

2

​

Other comprehensive income (loss), net of tax:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cumulative translation adjustment

​

 

(444)

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​

​

​

​

​

​

​

​

​

 

(441)

​

 

(3)

​

Defined benefit pension and post-retirement plans adjustment

​

 

119

​

​

​

​

​

​

​

​

​

​

 

119

​

 

—

​

Cash flow hedging instruments

​

 

47

​

​

​

​

​

​

​

​

​

​

 

47

​

 

—

​

Total other comprehensive income (loss), net of tax

​

 

(278)

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Dividends declared

​

 

(847)

​

​

​

​

 

(847)

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​

​

​

​

​

​

​

​

​

Stock-based compensation

​

 

117

​

 

117

​

​

​

​

​

​

​

​

​

​

​

​

​

Reacquired stock

​

 

(356)

​

​

​

​

​

​

​

 

(356)

​

​

​

​

​

​

​

Issuances pursuant to stock option and benefit plans

​

 

153

​

​

​

​

 

(235)

​

 

388

​

​

​

​

​

​

​

Balance at March 31, 2020

 

$

10,209

 

$

6,033

 

$

42,345

 

$

(29,817)

 

$

(8,414)

 

$

62

​

​

Three months ended March 31, 2019

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​

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

3M Company Shareholders

​

​

​

 

​

​

​

​

​

Common

​

​

​

​

​

​

​

Accumulated

​

​

​

 

​

​

​

​

​

Stock and

​

​

​

​

​

​

​

Other

​

​

​

 

​

​

​

​

​

Additional

​

​

​

​

​

​

​

Comprehensive

​

Non-

 

​

​

​

​

​

Paid-in

​

Retained

​

Treasury

​

Income

​

controlling

 

(Millions)

    

Total

    

Capital

    

Earnings

    

Stock

    

(Loss)

    

Interest

 

Balance at December 31, 2018

 

$

9,848

 

$

5,652

 

$

40,636

 

$

(29,626)

 

$

(6,866)

 

$

52

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Impact of adoption of ASU No. 2018-02*

​

​

—

​

​

​

​

​

853

​

​

​

​

​

(853)

​

​

​

​

Impact of adoption of ASU No. 2016-02*

​

​

14

​

​

​

​

​

14

​

​

​

​

​

​

​

​

​

​

Net income

​

 

893

​

​

​

​

 

891

​

​

​

​

​

​

​

 

2

​

Other comprehensive income (loss), net of tax:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cumulative translation adjustment

​

 

77

​

​

​

​

​

​

​

​

​

​

 

77

​

 

—

​

Defined benefit pension and post-retirement plans adjustment

​

 

84

​

​

​

​

​

​

​

​

​

​

 

84

​

 

—

​

Cash flow hedging instruments

​

 

6

​

​

​

​

​

​

​

​

​

​

 

6

​

 

—

​

Total other comprehensive income (loss), net of tax

​

 

167

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Dividends declared

​

 

(830)

​

​

​

​

 

(830)

​

​

​

​

​

​

​

​

​

​

Stock-based compensation

​

 

112

​

 

112

​

​

​

​

​

​

​

​

​

​

​

​

​

Reacquired stock

​

 

(666)

​

​

​

​

​

​

​

 

(666)

​

​

​

​

​

​

​

Issuances pursuant to stock option and benefit plans

​

 

219

​

​

​

​

 

(405)

​

 

624

​

​

​

​

​

​

​

Balance at March 31, 2019

 

$

9,757

 

$

5,764

 

$

41,159

 

$

(29,668)

 

$

(7,552)

 

$

54

​

*See Note 1 in 3M’s 2019 Annual Report on Form 10-K.

Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M

Three months ended March 31, 2020

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​

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​

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​

​

    

​

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​

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Total

 

​

​

​

​

​

Defined Benefit

​

Cash Flow

​

Accumulated

 

​

​

​

​

​

Pension and

​

Hedging

​

Other

 

​

​

Cumulative

​

Postretirement

​

Instruments,

​

Comprehensive

 

​

​

Translation

​

Plans

​

Unrealized

​

Income

 

(Millions)

​

Adjustment

​

Adjustment

​

Gain (Loss)

​

(Loss)

 

Balance at December 31, 2019, net of tax:

​

$

(1,899)

​

$

(6,209)

​

$

(31)

​

$

(8,139)

​

Other comprehensive income (loss), before tax:

​

​

​

​

​

​

​

​

​

​

​

​

​

Amounts before reclassifications

​

 

(439)

​

 

—

​

 

77

​

 

(362)

​

Amounts reclassified out

​

 

—

​

 

164

​

 

(16)

​

 

148

​

Total other comprehensive income (loss), before tax

​

 

(439)

​

 

164

​

 

61

​

 

(214)

​

Tax effect

​

 

(2)

​

 

(45)

​

 

(14)

​

 

(61)

​

Total other comprehensive income (loss), net of tax

​

 

(441)

​

 

119

​

 

47

​

 

(275)

​

Balance at March 31, 2020, net of tax:

​

$

(2,340)

​

$

(6,090)

​

$

16

​

$

(8,414)

​

​

Three months ended March 31, 2019

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

​

​

    

Total

 

​

​

​

​

​

Defined Benefit

​

Cash Flow

​

Accumulated

 

​

​

​

​

​

Pension and

​

Hedging

​

Other

 

​

​

Cumulative

​

Postretirement

​

Instruments,

​

Comprehensive

 

​

​

Translation

​

Plans

​

Unrealized

​

Income

 

(Millions)

​

Adjustment

​

Adjustment

​

Gain (Loss)

​

(Loss)

 

Balance at December 31, 2018, net of tax:

​

$

(2,098)

​

$

(4,832)

​

$

64

​

$

(6,866)

​

Impact of adoption of ASU No. 2018-02*

​

​

(13)

​

​

(817)

​

​

(23)

​

​

(853)

​

Other comprehensive income (loss), before tax:

​

​

​

​

​

​

​

​

​

​

​

​

​

Amounts before reclassifications

​

 

103

​

 

—

​

 

13

​

 

116

​

Amounts reclassified out

​

 

—

​

 

104

​

 

(7)

​

 

97

​

Total other comprehensive income (loss), before tax

​

 

103

​

 

104

​

 

6

​

 

213

​

Tax effect

​

 

(26)

​

 

(20)

​

 

—

​

 

(46)

​

Total other comprehensive income (loss), net of tax

​

 

77

​

 

84

​

 

6

​

 

167

​

Balance at March 31, 2019, net of tax:

​

$

(2,034)

​

$

(5,565)

​

$

47

​

$

(7,552)

​

*See Note 1 in 3M’s 2019 Annual Report on Form 10-K.

​

Reclassifications Out of Accumulated Other Comprehensive Income

​

​

​

​

​

​

​

​

​

​

​

​

​

Amount Reclassified from

​

​

 

Details about Accumulated Other

​

Accumulated Other Comprehensive Income

​

​

​

Comprehensive Income Components

​

Three months ended March 31,

​

Location on Income

 

(Millions)

​

2020

    

2019

​

Statement

 

Defined benefit pension and postretirement plans adjustments

​

​

​

​

​

​

​

​

​

Gains (losses) associated with defined benefit pension and postretirement plans amortization

​

​

​

​

​

​

​

​

​

Transition asset

​

$

(1)

​

$

—

 

See Note 11

​

Prior service benefit

​

​

15

​

​

16

 

See Note 11

​

Net actuarial loss

​

​

(177)

​

​

(120)

​

See Note 11

​

Curtailments/Settlements

​

 

(1)

​

 

—

 

See Note 11

​

Total before tax

​

 

(164)

​

 

(104)

​

​

​

Tax effect

​

 

45

​

 

20

 

Provision for income taxes

​

Net of tax

​

$

(119)

​

$

(84)

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash flow hedging instruments gains (losses)

​

​

​

​

​

​

​

​

​

Foreign currency forward/option contracts

​

$

18

​

$

7

 

Cost of sales

​

Interest rate contracts

​

 

(2)

​

 

—

 

Interest expense

​

Total before tax

​

 

16

​

 

7

​

​

​

Tax effect

​

 

(4)

​

 

(1)

 

Provision for income taxes

​

Net of tax

​

$

12

​

$

6

​

​

​

Total reclassifications for the period, net of tax

​

$

(107)

​

$

(78)

​

​

​