3m company (MMM)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
Assets
Current assets
Cash and cash equivalents

4,253

2,353

7,731

2,849

2,938

2,853

3,185

2,801

3,491

3,053

2,831

2,654

2,173

2,398

2,308

1,688

1,337

1,798

1,605

2,983

1,791

1,897

1,929

2,125

1,954

2,581

2,340

2,942

2,928

2,883

3,029

3,308

2,332

2,219

3,376

3,376

2,747

3,377

4,466

3,022

2,848

3,040

3,239

2,596

1,849

Marketable securities - current

224

98

30

139

539

380

338

385

604

1,076

586

140

141

280

358

177

176

118

153

502

1,018

1,439

767

884

860

756

971

1,310

1,448

1,648

1,989

1,595

1,399

1,461

1,486

1,148

1,285

1,101

1,387

1,909

1,759

744

697

378

373

Accounts receivable - net of allowances of $172 and $161

4,821

4,791

5,020

5,374

5,173

5,020

5,329

5,383

5,252

4,911

5,156

4,919

4,722

4,392

4,743

4,667

4,485

4,154

4,610

4,578

4,408

4,238

4,711

4,759

4,598

4,253

4,594

4,542

4,418

4,061

4,409

4,364

4,323

3,867

4,259

4,385

4,209

3,615

3,869

3,745

3,569

3,250

3,638

3,456

3,195

Inventories
Finished goods

2,021

2,003

1,890

1,980

2,221

2,120

2,125

1,979

2,025

1,915

1,962

1,863

1,764

1,629

1,672

1,676

1,699

1,655

1,745

1,765

1,713

1,723

1,850

1,898

1,846

1,790

1,799

1,792

1,775

1,754

1,783

1,688

1,609

1,536

1,652

1,703

1,639

1,476

1,459

1,366

1,307

1,255

1,248

1,245

1,505

Work in process

1,214

1,194

1,231

1,348

1,333

1,292

1,350

1,292

1,313

1,218

1,164

1,145

1,078

1,039

1,157

1,165

1,157

1,008

1,061

1,132

1,116

1,081

1,167

1,220

1,170

1,139

1,213

1,222

1,179

1,186

1,163

1,095

1,112

1,061

1,088

1,107

1,033

950

993

914

883

815

830

803

851

Raw materials and supplies

982

937

886

972

984

954

962

967

957

901

849

830

770

717

782

772

771

855

903

950

875

902

928

975

956

935

936

905

865

897

896

873

840

819

864

907

817

729

763

700

608

569

557

553

657

Total inventories

4,217

4,134

4,007

4,300

4,538

4,366

4,437

4,238

4,295

4,034

3,975

3,838

3,612

3,385

3,611

3,613

3,627

3,518

3,709

3,847

3,704

3,706

3,945

4,093

3,972

3,864

3,948

3,919

3,819

3,837

3,842

3,656

3,561

3,416

3,604

3,717

3,489

3,155

3,215

2,980

2,798

2,639

2,635

2,601

3,013

Prepaids

604

704

717

949

713

741

745

713

832

937

-

-

-

821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

971

891

515

440

473

349

385

370

344

266

1,108

1,090

1,253

450

1,159

1,291

1,249

1,398

1,531

1,521

1,597

1,023

1,329

1,332

1,378

1,279

1,429

1,270

1,242

1,201

1,225

1,165

1,238

1,277

944

911

915

967

1,111

1,235

1,132

1,122

987

867

1,168

Total current assets

15,090

12,971

18,020

14,051

14,374

13,709

14,419

13,890

14,818

14,277

13,656

12,641

11,901

11,726

12,179

11,436

10,874

10,986

11,608

13,431

12,518

12,303

12,681

13,193

12,762

12,733

13,282

13,983

13,855

13,630

14,494

14,088

12,853

12,240

13,669

13,537

12,645

12,215

14,048

12,891

12,106

10,795

11,196

9,898

9,598

Marketable securities - non-current

-

-

-

-

-

-

-

-

-

-

17

17

17

-

14

14

15

9

13

13

13

15

1,105

1,204

1,360

1,453

1,547

1,542

1,452

1,162

1,400

1,031

763

896

443

407

360

540

443

606

580

825

519

307

352

Investments

-

-

-

-

-

-

-

-

-

-

139

137

133

-

127

121

115

117

112

106

102

102

108

113

120

122

150

154

161

163

142

152

160

155

162

166

160

146

136

111

118

103

106

106

111

Property, plant and equipment

26,000

26,124

25,508

25,565

25,124

24,873

24,765

24,758

25,174

24,914

24,659

24,292

23,946

23,499

24,142

23,793

23,564

23,098

22,940

22,851

22,473

22,841

23,095

23,447

23,241

23,068

22,869

22,417

22,468

22,525

22,042

21,443

21,484

21,166

21,038

21,188

20,785

20,253

19,738

19,045

19,234

19,440

19,451

19,187

18,812

Less: Accumulated depreciation

16,835

16,791

16,617

16,567

16,295

16,135

16,135

16,113

16,310

16,048

16,001

15,726

15,395

14,983

15,471

15,189

14,950

14,583

14,470

14,462

14,187

14,352

14,596

14,762

14,611

14,416

14,421

14,088

14,150

14,147

14,103

13,737

13,729

13,500

13,529

13,564

13,282

12,974

12,823

12,330

12,375

12,440

12,528

12,288

11,926

Property, plant and equipment - net

9,165

9,333

8,891

8,998

8,829

8,738

8,630

8,645

8,864

8,866

8,658

8,566

8,551

8,516

8,671

8,604

8,614

8,515

8,470

8,389

8,286

8,489

8,499

8,685

8,630

8,652

8,448

8,329

8,318

8,378

7,939

7,706

7,755

7,666

7,509

7,624

7,503

7,279

6,915

6,715

6,859

7,000

6,923

6,899

6,886

Operating lease right of use assets

849

858

834

879

797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

13,312

13,444

10,410

10,574

10,611

10,051

10,123

10,107

10,570

10,513

9,221

9,105

9,258

9,166

9,430

9,356

9,375

9,249

9,354

6,985

6,934

7,050

7,213

7,422

7,357

7,345

7,342

7,231

7,247

7,385

7,216

7,069

7,090

7,047

7,140

7,233

7,121

6,820

5,899

5,620

5,734

5,832

5,861

5,734

5,753

Intangible assets - net

6,191

6,379

2,847

2,964

3,047

2,657

2,726

2,787

2,885

2,936

2,175

2,201

2,269

2,320

2,422

2,477

2,551

2,601

2,632

1,355

1,396

1,435

1,516

1,603

1,631

1,688

1,745

1,786

1,840

1,925

1,847

1,842

1,865

1,916

1,952

2,025

2,004

1,820

1,279

1,268

1,287

1,342

1,392

1,386

1,398

Prepaid pension benefits

-

-

-

-

-

-

-

-

-

-

105

83

61

-

256

242

226

188

60

54

56

46

720

672

624

577

24

22

19

16

47

45

43

40

87

82

78

74

104

99

83

78

41

39

36

Other assets

1,605

1,674

1,548

1,503

1,482

1,345

1,377

1,349

1,438

1,395

1,266

1,207

1,102

1,178

952

985

1,212

1,218

1,009

1,055

1,338

1,769

934

1,078

1,063

980

1,066

1,083

1,137

1,217

1,394

1,406

1,486

1,656

1,153

1,208

1,258

1,262

1,241

1,186

1,255

1,275

1,595

1,726

1,659

Total assets

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

32,883

33,258

31,388

30,643

31,209

32,776

33,970

33,547

33,550

33,604

34,130

34,029

33,876

34,479

33,339

32,015

31,616

32,115

32,282

31,129

30,156

30,065

28,496

28,022

27,250

27,633

26,095

25,793

Liabilities
Short-term borrowings and current portion of long-term debt

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

106

2,119

1,650

2,176

1,683

2,244

1,062

1,072

1,085

1,506

650

664

682

1,204

1,116

1,133

1,269

653

728

698

613

921

908

1,552

Accounts payable

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

1,807

1,796

1,844

1,866

1,799

1,718

1,920

1,820

1,762

1,805

1,792

1,779

1,643

1,689

1,851

1,815

1,662

1,649

1,756

1,582

1,453

1,404

1,243

1,301

Accrued payroll

523

702

669

604

517

749

783

646

563

870

856

666

532

678

729

580

468

644

684

582

446

732

728

656

491

708

688

589

466

701

684

593

473

676

654

586

479

778

738

616

498

680

685

615

644

Accrued income taxes

136

194

137

223

183

243

186

293

282

310

374

432

433

299

364

169

590

332

105

327

464

435

382

478

481

417

373

460

392

371

301

440

423

355

421

365

393

358

316

386

550

252

540

501

350

Operating lease liabilities - current

244

247

241

247

255

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

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

2,884

2,680

2,412

2,436

2,891

2,416

2,304

2,187

2,281

2,299

2,232

2,069

2,085

2,197

2,285

2,080

2,022

2,039

1,951

1,820

1,899

2,216

2,051

1,992

Total current liabilities

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

5,964

7,705

7,040

7,450

7,498

7,439

6,335

5,937

6,200

6,595

5,707

5,408

5,441

6,165

6,203

5,900

6,089

5,395

5,437

5,148

4,897

5,766

5,318

5,839

Long-term debt

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

6,705

5,225

5,323

4,401

4,326

3,533

4,884

4,864

4,916

4,852

5,657

4,510

4,484

4,955

4,484

4,486

4,183

5,105

4,949

5,080

5,097

5,204

5,172

5,166

Pension and postretirement benefits

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

3,843

1,849

1,829

1,809

1,794

2,694

2,909

3,014

3,086

3,114

3,355

3,686

3,972

1,704

1,932

1,964

2,013

1,853

2,137

2,164

2,227

2,058

2,763

2,847

Operating lease liabilities

603

607

584

619

531

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

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

2,024

1,566

1,049

1,386

1,555

1,791

1,932

1,963

1,984

1,686

1,683

1,686

1,634

1,777

1,747

1,792

1,857

1,879

1,921

1,892

1,854

1,879

1,710

1,779

1,727

1,686

1,621

1,637

Total liabilities

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

21,415

21,034

18,258

16,691

18,067

16,570

16,124

15,623

15,602

15,352

15,811

15,501

15,836

16,338

16,466

15,396

15,754

14,703

14,540

14,242

14,139

14,232

14,233

14,171

13,948

14,714

14,874

15,489

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

Equity
Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - March 31, 2020: 575,196,371; Shares outstanding - December 31, 2019: 575,184,835

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

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

6,024

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

4,379

4,277

4,641

4,545

4,375

4,309

4,243

4,179

4,044

3,998

3,954

3,894

3,767

3,725

3,683

3,599

3,468

3,381

3,336

3,260

3,153

3,089

3,133

3,006

Retained earnings

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

36,296

36,235

35,615

35,080

34,317

34,484

33,836

33,312

32,416

32,412

31,716

31,073

30,679

30,150

29,465

28,858

28,348

27,784

27,110

26,521

25,995

25,493

24,788

24,231

23,753

23,252

22,707

22,227

Treasury stock at cost: Shares at March 31, 2020: 368,836,685; Shares at December 31, 2019: 368,848,221

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

19,307

18,489

17,466

16,577

15,385

14,124

12,926

12,178

12,407

11,965

12,010

11,794

11,679

11,211

10,511

10,398

10,266

10,013

10,146

10,187

10,397

10,622

11,341

11,676

Unearned compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

40

Accumulated other comprehensive income (loss)

-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

-6,289

-4,108

-3,666

-3,841

-3,913

-4,810

-5,166

-5,001

-4,750

-4,548

-5,012

-4,785

-5,025

-3,339

-2,961

-3,237

-3,543

-3,366

-4,016

-3,747

-3,754

-3,368

-3,683

-3,646

Total 3M Company shareholders' equity

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

11,429

12,186

13,093

13,917

13,109

16,173

17,354

17,448

17,502

17,796

17,876

18,082

17,575

17,644

16,406

16,182

15,420

16,968

17,330

16,494

15,663

15,504

13,971

13,566

12,764

12,360

10,803

9,880

Noncontrolling interest

62

63

62

59

54

52

63

63

62

59

56

53

51

45

46

43

41

39

38

37

35

33

33

492

476

446

456

443

446

465

497

467

437

442

444

412

393

354

329

292

285

538

559

418

424

Total equity

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

11,468

12,224

13,130

13,952

13,142

16,206

17,846

17,924

17,948

18,252

18,319

18,528

18,040

18,141

16,873

16,619

15,862

17,412

17,742

16,887

16,017

15,833

14,263

13,851

13,302

12,919

11,221

10,304

Total liabilities and equity

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

32,883

33,258

31,388

30,643

31,209

32,776

33,970

33,547

33,550

33,604

34,130

34,029

33,876

34,479

33,339

32,015

31,616

32,115

32,282

31,129

30,156

30,065

28,496

28,022

27,250

27,633

26,095

25,793