3M 2012 Annual Report Download - page 72
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66
NOTE 4. Supplemental Balance Sheet Information
Accounts payable (included as a separate line item in the Consolidated Balance Sheet) includes drafts payable on
demand of $74 million at December 31, 2012, and $82 million at December 31, 2011. Accumulated depreciation for
capital leases totaled $73 million and $60 million as of December 31, 2012, and 2011, respectively. Additional
supplemental balance sheet information is provided in the table that follows.
(Millions)
2012
2011
Other current assets
Prepaid expenses and other
$
555
$
676
Deferred income taxes
472
385
Derivative assets-current
49
107
Product and other insurance receivables
125
109
Total other current assets
$
1,201
$
1,277
Investments
Equity method
$
105
$
98
Cost method
47
47
Other investments
11
10
Total investments
$
163
$
155
Property, plant and equipment - at cost
Land
$
413
$
377
Buildings and leasehold improvements
6,975
6,587
Machinery and equipment
14,190
13,240
Construction in progress
791
814
Capital leases
156
148
Gross property, plant and equipment
22,525
21,166
Accumulated depreciation
(14,147)
(13,500)
Property, plant and equipment - net
$
8,378
$
7,666
Other assets
Deferred income taxes
$
578
$
1,018
Product and other insurance receivables
139
151
Cash surrender value of life insurance policies
230
223
Other assets
270
264
Total other assets
$
1,217
$
1,656
Other current liabilities
Accrued trade payables
$
516
$
516
Deferred income
471
389
Derivative liabilities
106
49
Restructuring actions
31
6
Employee benefits and withholdings
178
160
Product and other claims
147
159
Property and other taxes
87
94
Pension and postretirement benefits
55
53
Deferred income taxes
45
23
Other
645
636
Total other current liabilities
$
2,281
$
2,085
Other liabilities
Long term income taxes payable
$
454
$
595
Employee benefits
332
351
Product and other claims
314
329
Capital lease obligations
71
79
Deferred income
29
19
Deferred income taxes
167
251
Other
267
233
Total other liabilities
$
1,634
$
1,857