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saleresultedinanincreasein3MCompanyshareholder’sequityof$7millionandanincreaseinnoncontrollinginterestof$1
million.
NOTE7.SupplementalCashFlowInformation
(Millions) 2015 2014 2013
Cashincometaxpayments,netofrefunds $ 2,331 $ 1,968 $ 1,803
Cashinterestpayments 134 178 169
Capitalizedinterest 13 15 21
Cashinterestpaymentsincludeinterestpaidondebtandcapitalleasebalances,includingnetinterestpayments/receiptsrelatedto
accreteddebtdiscounts/premiums,paymentofdebtissuecosts,aswellasnetinterestpayments/receiptsassociatedwithinterestrate
swapcontracts.
IndividualamountsintheConsolidatedStatementofCashFlowsexcludetheimpactsofacquisitions,divestituresandexchangerate
impacts,whicharepresentedseparately.
Transactionsrelatedtoinvestingandfinancingactivitieswithsignificantnon-cashcomponentsareasfollows:
·Duringthefourthquarterof2014,3Msoldandleased-back,underacapitallease,certainrecentlyconstructedmachinery
andequipmentinreturnforamunicipalbondwiththeCityofNevada,Missourivaluedatapproximately$15millionasof
thetransactiondate.
·Duringthethirdquarterof2013,3Msolditsequityinterestinanon-strategicinvestmentinexchangeforanotereceivable
ofapproximately$24million,whichisconsiderednon-cashinvestingactivity.Asaresultofthistransaction,inthethird
quarterof2013,3Mrecordedapre-taxgainof$18millioninitsHealthCarebusinesssegment.InOctober2013,cashwas
receivedforthenotereceivableandisreflectedinotherinvestingactivityintheconsolidatedstatementofcashflowsforthe
yearendedDecember31,2013.
·Duringthesecondquarterof2013,theCompany’sSumitomo3MLimitedsubsidiarymoveditsadministrativeheadquarters
toanewleasedlocationandsoldtheformersiteunderaninstallmentsalearrangement.Asaresult,atthetimeofthe
closingofthesaletransaction,theCompanyreceivedcertaincashproceeds(includedinproceedsfromsaleofproperty,
plantandequipmentintheconsolidatedstatementofcashflows)andrecordedanotereceivable(dueinquarterly
installmentsthroughthefirstquarterof2016)of$78millionanddeferredprofitof$49million(bothbasedontheforeign
currencyexchangerateatthetimeofclosing).Remainingquarterlyinstallmentsareduethroughthefirstquarterof2016
andwillbeincludedinotherinvestingactivitiesintheconsolidatedstatementofcashflows.Deferredprofitisreducedand
recognizedintoincomeinconnectionwithsuchquarterlyinstallments.
Inaddition,asdiscussedinNote6,inthefourthquarterof2014,3M’sBoardofDirectorsdeclaredafirst-quarter2015dividendof
$1.025pershare(paidinMarch2015),whichreduced3M’sstockholdersequityandincreasedothercurrentliabilitiesasof
December2014by$648million.Inthefourthquarterof2013,3M’sBoardofDirectorsdeclaredafirst-quarter2014dividendof
$0.855pershare(paidinMarch2014).Thisreduced3M’sstockholdersequityandincreasedothercurrentliabilitiesasof
December31,2013by$567million.
NOTE8.IncomeTaxes
IncomeBeforeIncomeTaxes
(Millions) 2015 2014 2013
UnitedStates $ 4,399 $ 3,815 $ 3,194
International 2,424 3,211 3,368
Total $ 6,823 $ 7,026 $ 6,562
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