3M 2015 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2015 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
amountoflong-termdebtinstrumentsdesignatedinnetinvestmenthedgestotaling3.6billionEuros.Thematuritydatesofthese
derivativeandnonderivativeinstrumentsdesignatedinnetinvestmenthedgesrangefrom2016to2030.
Thelocationintheconsolidatedstatementsofincomeandcomprehensiveincomeandamountsofgainsandlossesrelatedto
derivativeandnonderivativeinstrumentsdesignatedasnetinvestmenthedgesareasfollows.Therewerenoreclassificationsofthe
effectiveportionofnetinvestmenthedgesoutofaccumulatedothercomprehensiveincomeintoincomefortheperiodspresentedin
thetablebelow.
YearendedDecember31,2015
PretaxGain(Loss)
Recognizedas
CumulativeTranslation
withinOther IneffectivePortionofGain(Loss)on
ComprehensiveIncome InstrumentandAmountExcluded
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting
Relationships Instrument RecognizedinIncome
(Millions) Amount Location Amount
Foreigncurrencydenominateddebt $ 63 N/A $ —
Foreigncurrencyforwardcontracts 143 Costofsales 11
Total $ 206 $ 11
YearendedDecember31,2014
PretaxGain(Loss)
Recognizedas
CumulativeTranslation
withinOther IneffectivePortionofGain(Loss)on
ComprehensiveIncome InstrumentandAmountExcluded
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting
Relationships Instrument RecognizedinIncome
(Millions) Amount Location Amount
Foreigncurrencydenominateddebt $ 152 N/A $ —
Foreigncurrencyforwardcontracts 94 Costofsales 1
Total $ 246 $ 1
YearendedDecember31,2013
PretaxGain(Loss)
Recognizedas
CumulativeTranslation
withinOther IneffectivePortionofGain(Loss)on
ComprehensiveIncome InstrumentandAmountExcluded
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting
Relationships Instrument RecognizedinIncome
(Millions) Amount Location Amount
Foreigncurrencydenominateddebt $ (82) N/A $ —
Foreigncurrencyforwardcontracts 12 Costofsales —
Total $ (70) $ —
DerivativesNotDesignatedasHedgingInstruments:
Derivativesnotdesignatedashedginginstrumentsincludededesignatedforeigncurrencyforwardandoptioncontractsthatformerly
weredesignatedincashflowhedgingrelationships(asreferencedintheCashFlowHedgessectionabove).Inaddition,3Menters
intoforeigncurrencyforwardcontractstooffset,inpart,theimpactsofcertainintercompanyactivities(primarilyassociatedwith
intercompanylicensingarrangements)andentersintocommoditypriceswapstooffset,inpart,fluctuationsincostsassociatedwith
theuseofcertaincommoditiesandpreciousmetals.Thesederivativeinstrumentsarenotdesignatedinhedgingrelationships;
therefore,fairvaluegainsandlossesonthesecontractsarerecordedinearnings.TheCompanydoesnotholdorissuederivative
financialinstrumentsfortradingpurposes.
95