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39
Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive Income
3M Company and Subsidiaries
Common Accumulated
Stock and Other
Capital Comprehensive
(Dollars in millions, in Excess Retained Treasury Unearned Income
except per share amounts) Total of Par Earnings Stock Compensation (Loss)
Balance at December 31, 2002 $ 5,993 $ 296 $12,748 $ (4,767) $ (258) $ (2,026)
Net income 2,403 2,403
Cumulative translation adjustment 650 650
Minimum pension liability adjustment (173) (173)
Debt and equity securities, unrealized gain 1 1
Derivative financial instruments –
unrealized loss (6) (6)
Total comprehensive income 2,875
Dividends paid ($1.32 per share) (1,034) (1,034)
Amortization of unearned compensation 32 32
Reacquired stock (9.7 million shares) (685) (685)
Issuances pursuant to stock option
and benefit plans (13.4 million shares) 704 (107) 811
Balance at December 31, 2003 7,885 296 14,010 (4,641) (226) (1,554)
Net income 2,990 2,990
Cumulative translation adjustment 490 490
Minimum pension liability adjustment 1,193 1,193
Debt and equity securities -- --
Derivative financial instruments –
unrealized gain 3 3
Total comprehensive income 4,676
Dividends paid ($1.44 per share) (1,125) (1,125)
Amortization of unearned compensation 30 30
Reacquired stock (22.0 million shares) (1,791) (1,791)
Issuances pursuant to stock option
and benefit plans (10.9 million shares) 660 (226) 886
Issuances pursuant to acquisitions
(0.5 million shares) 43 43
Balance at December 31, 2004 10,378 296 15,649 (5,503) (196) 132
Net income 3,199 3,199
Cumulative translation adjustment (578) (578)
Minimum pension liability adjustment (46) (46)
Debt and equity securities – unrealized gain 11
Derivative financial instruments –
unrealized gain 80 80
Total comprehensive income 2,656
Dividends paid ($1.68 per share) (1,286) (1,286)
Amortization of unearned compensation 18 18
Reacquired stock (30.7 million shares) (2,377) (2,377)
Issuances pursuant to stock option
and benefit plans (11.7 million shares) 711 (204) 915
Balance at December 31, 2005 $10,100 $ 296 $17,358 $ (6,965) $ (178) $ (411)
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.