3M 2005 Annual Report Download - page 76
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50
NOTE 4. Supplemental Balance Sheet Information
(Millions) 2005 2004
Other current assets
Product and other insurance receivables $ 283 $ 543
Deferred income taxes 236 212
Prepaid expenses and other 524 519
Total other current assets $1,043 $1,274
Investments
Available-for-sale (fair value) $ 7 $ 7
Equity-method 77 22
Cash surrender value of life insurance policies, real
estate and other (cost, which approximates fair value) 188 198
Total investments $ 272 $ 227
Property, plant and equipment –at cost
Land $ 256 $ 279
Buildings and leasehold improvements 4,717 4,619
Machinery and equipment 10,730 10,876
Construction in progress 331 415
Capital leases 93 101
Gross property, plant and equipment 16,127 16,290
Accumulated depreciation* (10,534) (10,579)
Property, plant and equipment – net $5,593 $5,711
*Includes accumulated depreciation for capital leases of $34 million for 2005 and $34 million for 2004.
Other assets
Product and other insurance receivables $ 437 $ 348
Deferred income taxes 110 132
Other 122 47
Total other assets $ 669 $ 527
Other current liabilities
Accrued trade payables $ 455 $ 359
Employee benefits and withholdings 163 219
Deferred income 237 226
Property and other taxes 198 174
Product and other claims 138 153
Deferred income taxes 918
Other 252 306
Total other current liabilities $1,452 $1,455