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Supplemental Equity and Comprehensive Income Information | 9 Months Ended
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Sep. 30, 2018
Supplemental Equity and Comprehensive Income Information |
Supplemental Equity and Comprehensive Income Information | NOTE 7. Supplemental Equity and Comprehensive Income Information Consolidated Changes in Equity Three months ended September 30, 2018
|  |  |  |  | 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 June 30, 2018 |  | $ | 10,428 |  | $ | 5,559 |  | $ | 39,442 |  | $ | (27,617) |  | $ | (7,019) |  | $ | 63 |
Net income |  |  | 1,546 |  |  |  |  |  | 1,543 |  |  |  |  |  |  |  |  | 3 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  |  | (112) |  |  |  |  |  |  |  |  |  |  |  | (109) |  |  | (3) |
Defined benefit pension and post-retirement plans adjustment |  |  | 114 |  |  |  |  |  |  |  |  |  |  |  | 114 |  |  | — |
Cash flow hedging instruments - unrealized gain (loss) |  |  | 46 |  |  |  |  |  |  |  |  |  |  |  | 46 |  |  | — |
Total other comprehensive income (loss), net of tax |  |  | 48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  |  | (794) |  |  |  |  |  | (794) |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 47 |  |  | 47 |  |  |  |  |  |  |  |  |  |  |  |  |
Reacquired stock |  |  | (1,058) |  |  |  |  |  |  |  |  | (1,058) |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  |  | 94 |  |  |  |  |  | (71) |  |  | 165 |  |  |  |  |  |  |
Balance at September 30, 2018 |  | $ | 10,311 |  | $ | 5,606 |  | $ | 40,120 |  | $ | (28,510) |  | $ | (6,968) |  | $ | 63 |
Nine months ended September 30, 2018
|  |  |  |  | 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, 2017 |  | $ | 11,622 |  | $ | 5,361 |  | $ | 39,115 |  | $ | (25,887) |  | $ | (7,026) |  | $ | 59 |
Net income |  |  | 4,014 |  |  |  |  |  | 4,002 |  |  |  |  |  |  |  |  | 12 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  |  | (441) |  |  |  |  |  |  |  |  |  |  |  | (433) |  |  | (8) |
Defined benefit pension and post-retirement plans adjustment |  |  | 344 |  |  |  |  |  |  |  |  |  |  |  | 344 |  |  | — |
Cash flow hedging instruments - unrealized gain (loss) |  |  | 147 |  |  |  |  |  |  |  |  |  |  |  | 147 |  |  | — |
Total other comprehensive income (loss), net of tax |  |  | 50 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  |  | (2,406) |  |  |  |  |  | (2,406) |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 245 |  |  | 245 |  |  |  |  |  |  |  |  |  |  |  |  |
Reacquired stock |  |  | (3,621) |  |  |  |  |  |  |  |  | (3,621) |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  |  | 407 |  |  |  |  |  | (591) |  |  | 998 |  |  |  |  |  |  |
Balance at September 30, 2018 |  | $ | 10,311 |  | $ | 5,606 |  | $ | 40,120 |  | $ | (28,510) |  | $ | (6,968) |  | $ | 63 |
Three months ended September 30, 2017
|  |  |  |  | 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 June 30, 2017 |  | $ | 11,644 |  | $ | 5,253 |  | $ | 38,793 |  | $ | (25,466) |  | $ | (6,989) |  | $ | 53 |
Net income |  |  | 1,433 |  |  |  |  |  | 1,429 |  |  |  |  |  |  |  |  | 4 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  |  | 44 |  |  |  |  |  |  |  |  |  |  |  | 45 |  |  | (1) |
Defined benefit pension and post-retirement plans adjustment |  |  | 80 |  |  |  |  |  |  |  |  |  |  |  | 80 |  |  | — |
Cash flow hedging instruments - unrealized gain (loss) |  |  | (49) |  |  |  |  |  |  |  |  |  |  |  | (49) |  |  | — |
Total other comprehensive income (loss), net of tax |  |  | 75 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  |  | (701) |  |  |  |  |  | (701) |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 58 |  |  | 58 |  |  |  |  |  |  |  |  |  |  |  |  |
Reacquired stock |  |  | (394) |  |  |  |  |  |  |  |  | (394) |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  |  | 87 |  |  |  |  |  | (67) |  |  | 154 |  |  |  |  |  |  |
Balance at September 30, 2017 |  | $ | 12,202 |  | $ | 5,311 |  | $ | 39,454 |  | $ | (25,706) |  | $ | (6,913) |  | $ | 56 |
Nine months ended September 30, 2017
|  |  |  |  | 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, 2016 |  | $ | 10,343 |  | $ | 5,070 |  | $ | 37,907 |  | $ | (25,434) |  | $ | (7,245) |  | $ | 45 |
Net income |  |  | 4,344 |  |  |  |  |  | 4,335 |  |  |  |  |  |  |  |  | 9 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  |  | 269 |  |  |  |  |  |  |  |  |  |  |  | 267 |  |  | 2 |
Defined benefit pension and post-retirement plans adjustment |  |  | 241 |  |  |  |  |  |  |  |  |  |  |  | 241 |  |  | — |
Cash flow hedging instruments - unrealized gain (loss) |  |  | (176) |  |  |  |  |  |  |  |  |  |  |  | (176) |  |  | — |
Total other comprehensive income (loss), net of tax |  |  | 334 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  |  | (2,104) |  |  |  |  |  | (2,104) |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 241 |  |  | 241 |  |  |  |  |  |  |  |  |  |  |  |  |
Reacquired stock |  |  | (1,547) |  |  |  |  |  |  |  |  | (1,547) |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  |  | 591 |  |  |  |  |  | (684) |  |  | 1,275 |  |  |  |  |  |  |
Balance at September 30, 2017 |  | $ | 12,202 |  | $ | 5,311 |  | $ | 39,454 |  | $ | (25,706) |  | $ | (6,913) |  | $ | 56 |
Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component Three months ended September 30, 2018
|  |  |  |  |  |  |  |  |  |  | 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 June 30, 2018, net of tax: |  | $ | (1,962) |  | $ | (5,046) |  | $ | (11) |  | $ | (7,019) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Amounts before reclassifications |  |  | (110) |  |  | — |  |  | 22 |  |  | (88) |
Amounts reclassified out |  |  | — |  |  | 150 |  |  | 37 |  |  | 187 |
Total other comprehensive income (loss), before tax |  |  | (110) |  |  | 150 |  |  | 59 |  |  | 99 |
Tax effect |  |  | 1 |  |  | (36) |  |  | (13) |  |  | (48) |
Total other comprehensive income (loss), net of tax |  |  | (109) |  |  | 114 |  |  | 46 |  |  | 51 |
Balance at September 30, 2018, net of tax: |  | $ | (2,071) |  | $ | (4,932) |  | $ | 35 |  | $ | (6,968) |
Nine months ended September 30, 2018
|  |  |  |  |  |  |  |  |  |  | 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, 2017, net of tax: |  | $ | (1,638) |  | $ | (5,276) |  | $ | (112) |  | $ | (7,026) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Amounts before reclassifications |  |  | (392) |  |  | — |  |  | 122 |  |  | (270) |
Amounts reclassified out |  |  | — |  |  | 452 |  |  | 99 |  |  | 551 |
Total other comprehensive income (loss), before tax |  |  | (392) |  |  | 452 |  |  | 221 |  |  | 281 |
Tax effect |  |  | (41) |  |  | (108) |  |  | (74) |  |  | (223) |
Total other comprehensive income (loss), net of tax |  |  | (433) |  |  | 344 |  |  | 147 |  |  | 58 |
Balance at September 30, 2018, net of tax: |  | $ | (2,071) |  | $ | (4,932) |  | $ | 35 |  | $ | (6,968) |
Three months ended September 30, 2017
|  |  |  |  |  |  |  |  |  |  | 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 June 30, 2017, net of tax: |  | $ | (1,786) |  | $ | (5,167) |  | $ | (36) |  | $ | (6,989) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Amounts before reclassifications |  |  | (29) |  |  | — |  |  | (80) |  |  | (109) |
Amounts reclassified out |  |  | — |  |  | 119 |  |  | 2 |  |  | 121 |
Total other comprehensive income (loss), before tax |  |  | (29) |  |  | 119 |  |  | (78) |  |  | 12 |
Tax effect |  |  | 74 |  |  | (39) |  |  | 29 |  |  | 64 |
Total other comprehensive income (loss), net of tax |  |  | 45 |  |  | 80 |  |  | (49) |  |  | 76 |
Balance at September 30, 2017, net of tax: |  | $ | (1,741) |  | $ | (5,087) |  | $ | (85) |  | $ | (6,913) |
Nine months ended September 30, 2017
|  |  |  |  |  |  |  |  |  |  | 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, 2016, net of tax: |  | $ | (2,008) |  | $ | (5,328) |  | $ | 91 |  | $ | (7,245) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Amounts before reclassifications |  |  | 30 |  |  | — |  |  | (255) |  |  | (225) |
Amounts reclassified out |  |  | — |  |  | 357 |  |  | (21) |  |  | 336 |
Total other comprehensive income (loss), before tax |  |  | 30 |  |  | 357 |  |  | (276) |  |  | 111 |
Tax effect |  |  | 237 |  |  | (116) |  |  | 100 |  |  | 221 |
Total other comprehensive income (loss), net of tax |  |  | 267 |  |  | 241 |  |  | (176) |  |  | 332 |
Balance at September 30, 2017, net of tax |  | $ | (1,741) |  | $ | (5,087) |  | $ | (85) |  | $ | (6,913) |
Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation do include impacts from items such as net investment hedge transactions. Reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income. Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
|  | Amount Reclassified from |  |  |
Details about Accumulated Other |  | Accumulated Other Comprehensive Income |  |  |
Comprehensive Income Components |  | Three months ended September 30, |  | Nine months ended September 30, |  | Location on Income |
(Millions) |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | Statement |
Gains (losses) associated with defined benefit pension and postretirement plans amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service benefit |  | $ | 20 |  | $ | 21 |  | $ | 58 |  | $ | 65 |  | See Note 11 |
Net actuarial loss |  |  | (170) |  |  | (140) |  |  | (510) |  |  | (422) |  | See Note 11 |
Total before tax |  |  | (150) |  |  | (119) |  |  | (452) |  |  | (357) |  |  |
Tax effect |  |  | 36 |  |  | 39 |  |  | 108 |  |  | 116 |  | Provision for income taxes |
Net of tax |  | $ | (114) |  | $ | (80) |  | $ | (344) |  | $ | (241) |  |  |
Cash flow hedging instruments gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward/option contracts |  | $ | (37) |  | $ | (2) |  | $ | (99) |  | $ | 21 |  | Cost of sales |
Interest rate swap contracts |  |  | — |  |  | — |  |  | — |  |  | — |  | Interest expense |
Total before tax |  |  | (37) |  |  | (2) |  |  | (99) |  |  | 21 |  |  |
Tax effect |  |  | 8 |  |  | — |  |  | 22 |  |  | (8) |  | Provision for income taxes |
Net of tax |  | $ | (29) |  | $ | (2) |  | $ | (77) |  | $ | 13 |  |  |
Total reclassifications for the period, net of tax |  | $ | (143) |  | $ | (82) |  | $ | (421) |  | $ | (228) |  |  |

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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