3M 2006 Annual Report Download - page 43
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This transaction will be reflected in 3M¶VILQDQFLDOVWDWHPHQWVIRUWKHSHULRGHQGLQJ0DUFK)RUPRUHGHWDLO
refer to Note 2.
Operating Income:
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the gain on sale, restructuring and other LWHPVWKDWEHQHILWHGRSHUDWLQJLQFRPHE\PLOOLRQRURIQHWVDOHV
Interest Expense and Income:
(Millions) 2006 2004
,QWHUHVWH[SHQVH $122 $ 82
,QWHUHVWLQFRPH (51)
Total $ 71 $ 26 $ 23
Interest Expense,QWHUHVWH[SHQVHLQFUHDVHGLQFRPSDUHGZLWKSULPDULO\UHODWHGWRLQFUHDVHGVKRUWWHUPGHEW
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rates.
Interest Income:,QWHUHVWLQFRPHZDVORZHULQZLWKORZHUDYHUDJHFDVKEDODQFHVSDUWLDOO\RIIVHWE\KLJKHULQWHUHVW
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Provision for Income Taxes:
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Effective tax rate 30.6%
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7KHHIIHFWLYHWD[UDWHIRUZDVFRPSDUHGZLWKLQ'XULQJ0FRPSleted its evaluation of the
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Minority Interest:
(Millions) 2006
0LQRULW\LQWHUHVW $51
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UHGXFHG6XPLWRPR0/LPLWHG¶VRSHUDWLQJLQFRPHDVUHSRUted in U.S. dollars, as the U.S. dollar strengthened
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Cumulative Effect of Accounting Change:
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