3M 2014 Annual Report Download - page 72

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66
NOTE 5. Supplemental Equity and Comprehensive Income Information
Common stock ($.01 par value per share) of 3.0 billion shares is authorized, with 944,033,056 shares issued. Treasury
stock is reported at cost, with 308,898,462 shares at December 31, 2014, 280,736,817 shares at December 31, 2013, and
256,941,406 shares at December 31, 2012. Preferred stock, without par value, of 10 million shares is authorized but
unissued.
In December 2014, 3M’s Board of Directors declared a first-quarter 2015 dividend of $1.025 per share (payable in March
2015), which when added to second, third and fourth quarter 2014 declared dividends of $0.855 per share, resulted in
total year 2014 declared dividends of $3.59 per share. In December 2013, 3M’s Board of Directors declared a first-quarter
2014 dividend of $0.855 per share (paid in March 2014). This resulted in total year 2013 declared dividends of $3.395 per
share, with $2.54 per share paid in 2013 and the additional $0.855 per share paid in March 2014.
Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component
(Millions)
Cumulative
Translation
Adjustment
Define
d Benefit
Pension and
Postretirement
Plans
Adjustment
Debt and
Equity
Securities,
Unrealized
Gain (Loss)
Cash Flow
Hedging
Instruments,
Unrealized
Gain (Loss)
Total
Accumulated
Other
Comprehen-
sive Income
(Loss)
Balance at December 31, 2011, net of
tax
$
114
$
(5,155)
$
(6)
$
22
$
(5,025)
Other comprehensive income (loss),
before tax:
Amounts before reclassifications
133
(204)
6
3
(62)
Amounts reclassified out
―
615
―
(72)
543
Total other comprehensive income (loss),
before tax
133
411
6
(69)
481
Tax effect
(17)
(211)
(2)
24
(206)
Total other comprehensive income (loss),
net of tax
116
200
4
(45)
275
Balance at December 31, 2012, net of tax
$
230
$
(4,955)
$
(2)
$
(23)
$
(4,750)
Other comprehensive income (loss),
before tax:
Amounts before reclassifications
(462)
1,361
―
(98)
801
Amounts reclassified out
―
569
―
122
691
Total other comprehensive income (loss),
before tax
(462)
1,930
―
24
1,492
Tax effect
44
(690)
―
(9)
(655)
Total other comprehensive income (loss),
net of tax
(418)
1,240
―
15
837
Balance at December 31, 2013, net of tax
$
(188)
$
(3,715)
$
(2)
$
(8)
$
(3,913)
Other comprehensive income (loss),
before tax:
Amounts before reclassifications
(856)
(2,638)
2
171
(3,321)
Amounts reclassified out
―
360
1
(4)
357
Total other comprehensive income (loss),
before tax
(856)
(2,278)
3
167
(2,964)
Tax effect
(92)
716
(1)
(60)
563
Total other comprehensive income (loss),
net of tax
(948)
(1,562)
2
107
(2,401)
Impact from purchase of subsidiary shares
41
(16)
―
―
25
Balance at December 31, 2014, ne
t of tax
$
(1,095)
$
(5,293)
$
―
$
99
$
(6,289)
Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but
tax effects within cumulative translation does include impacts from items such as net investment hedge transactions.
Reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as
part of net income.