3M 2006 Annual Report Download - page 95

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2006 2005
 Carrying Fair Carrying Fair
(Millions) Amount Value Amount Value
Dealer remarketable securities $ 350 $ 358 $350 $352
Convertible note (put option in 2007) 542 568 539 549
Long-term debt 1,047 1,054 770 816
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Capital and Operating Leases:
Rental expense under operating leases was $211 million in 2006, $195 million in 2005, and $181 million in 2004. It is
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Capital Operating
(Millions) Leases Leases
2007 $ 6 $ 85
2008 6 65
2009 5 50
2010 5 26
2011 5 19
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Total 79 $359
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Long-term obligations under capital leases $65
Warranties/Guarantees:
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term liabilities, are estimated at approximately $25 million DVRI'HFHPEHU0GRHVQRWFRQVLGHUWKLV
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are not material.
Related Party Activity:
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$36 million in 2006 ($37 million in 2005, and $34 million in 2004). 3M sales to related parties totaled approximately
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2006, 2005 and 2004.
Legal Proceedings:
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