3M 2009 Annual Report Download - page 78
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72
NOTE 5. Supplemental Balance Sheet Information
(Millions) 2009 2008
Other current assets
Prepaid expenses and other .....................................................................................
.
$ 657 $ 552
Deferred income taxes ..............................................................................................
.
330 271
Derivative assets-current ..........................................................................................
.
25 215
Product and other insurance receivables..................................................................
.
110 130
Total other current assets......................................................................................
.
$ 1,122 $ 1,168
Investments
Equity-method ...........................................................................................................
.
$64
$73
Available-for-sale.......................................................................................................
.
11 5
Real estate and other................................................................................................
.
28 33
Total investments...................................................................................................
.
$ 103 $ 111
Property, plant and equipment — at cost
Land ..........................................................................................................................
.
$ 291 $ 281
Buildings and leasehold improvements.....................................................................
.
6,069 5,787
Machinery and equipment.........................................................................................
.
12,296 11,742
Construction in progress ...........................................................................................
.
627 903
Capital leases............................................................................................................
.
157 99
Gross property, plant and equipment........................................................................
.
19,440 18,812
Accumulated depreciation* .......................................................................................
.
(12,440) (11,926)
Property, plant and equipment — net....................................................................
.
$ 7,000 $ 6,886
* Includes accumulated depreciation for capital leases of $50 million for 2009 and $40 million for 2008.
Other assets
Deferred income taxes ..............................................................................................
.
$ 625 $ 1,053
Product and other insurance receivables..................................................................
.
171 206
Cash surrender value of life insurance policies ........................................................
.
202 175
Other .........................................................................................................................
.
277 225
Total other assets ..................................................................................................
.
$ 1,275 $ 1,659
Other current liabilities
Accrued trade payables ............................................................................................
.
$ 464 $ 428
Deferred income........................................................................................................
.
316 322
Derivative liabilities-current .......................................................................................
.
94 203
Restructuring actions.................................................................................................
.
76 187
Employee benefits and withholdings.........................................................................
.
150 157
Product and other claims ..........................................................................................
.
123 148
Property and other taxes...........................................................................................
.
198 141
Pension and postretirement benefits.........................................................................
.
41 38
Deferred income taxes ..............................................................................................
.
27 19
Other .........................................................................................................................
.
410 349
Total other current liabilities...................................................................................
.
$ 1,899 $ 1,992
Accounts payable (included as a separate line item in the Consolidated Balance Sheet) includes drafts payable on
demand of $83 million and $98 million as of December 31, 2009, and 2008, respectively.
Other liabilities
Long term taxes payable...........................................................................................
.
$ 611 $ 541
Employee benefits.....................................................................................................
.
491 537
Product and other claims ..........................................................................................
.
330 296
Capital lease obligations ...........................................................................................
.
107 58
Deferred income........................................................................................................
.
23 22
Deferred income taxes ..............................................................................................
.
91 21
Other .........................................................................................................................
.
74 162
Total other liabilities...............................................................................................
.
$ 1,727 $ 1,637