3M 2007 Annual Report Download - page 43

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37
Item 8. Financial Statements and Supplementary Data.
Index to Financial Statements
Reference (pages)
Management’s Responsibility for Financial Reporting 38
Management’s Report on Internal Control Over Financial Reporting 38
Report of Independent Registered Public Accounting Firm 39
Consolidated Statement of Income for the years ended December 31, 2007, 2006 and 2005 40
Consolidated Balance Sheet at December 31, 2007 and 2006 41
Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive
Income for the years ended December 31, 2007, 2006 and 2005 42
Consolidated Statement of Cash Flows for the years ended December 31, 2007,
2006 and 2005 43
Notes to Consolidated Financial Statements 44
Note 1. Significant Accounting Policies 44
Note 2. Acquisitions and Divestitures 48
Note 3. Goodwill and Intangible Assets 52
Note 4. Restructuring Actions and Other Exit Activities 53
Note 5. Supplemental Balance Sheet Information 56
Note 6. Supplemental Stockholders’ Equity and Accumulated Other Comprehensive
Income Information
57
Note 7. Supplemental Cash Flow Information 58
Note 8. Income Taxes 59
Note 9. Marketable Securities 61
Note 10. Long-Term Debt and Short-Term Borrowings 63
Note 11. Pension and Postretirement Benefit Plans 65
Note 12. Derivatives and Other Financial Instruments 71
Note 13. Commitments and Contingencies 73
Note 14. Employee Savings and Stock Ownership Plans 80
Note 15. Management Stock Ownership Program (MSOP) and General Employees’
Stock Purchase Plan (GESPP) 81
Note 16. Business Segments 84
Note 17. Geographic Areas 86
Note 18. Quarterly Data (Unaudited) 87