3M 2006 Annual Report Download - page 64

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
Consolidated Balance Sheet
3M Company and Subsidiaries 
At December 31
(Dollars in millions, except per share amount) 2006 2005
Assets 
Current assets
Cash and cash equivalents $ 1,447 $ 1,072
Marketable securities ± current 471 ±
$FFRXQWVUHFHLYDEOH±QHWRIDOORZDQFHVRIDQG 3,102 2,838
Inventories
Finished goods 1,235 1,050
Work in process 795 706
5DZPDWHULDOVDQGVXSSOLHV 571 406
Total inventories 2,601 2,162
Other current assets 1,325 1,043
Total current assets 8,946 7,115
0DUNHWDEOHVHFXULWLHV±QRQFXUUHQW 166 ±
Investments 314 272
Property, plant and equipment 17,017 16,127
Less: Accumulated depreciation (11,110) (10,534)
3URSHUW\SODQWDQGHTXLSPHQW±QHW 5,907 5,593
*RRGZLOO 4,082 3,530
,QWDQJLEOHDVVHWV±QHW 708 486
3UHSDLGSHQVLRQDQGSRVWUHWLUHPHQWEHQHILWV 395 2,905
Other assets 776 640
Total assets $21,294 $20,541
/LDELOLWLHVDQG6WRFNKROGHUV¶(TXLW\
Current liabilities
6KRUWWHUPERUURZLQJVDQGFXUUHQWSRUWLRQRIORQJWHUPGHEW $ 2,506 $ 1,072
Accounts payable 1,402 1,256
Accrued payroll 520 469
Accrued income taxes 1,134 989
Other current liabilities 1,761 1,452
Total current liabilities 7,323 5,238
/RQJWHUPGHEW 1,047 1,309
Other liabilities 2,965 3,599
Total liabilities $11,335 $10,146
Commitments and contingencies (Note 13)
6WRFNKROGHUV¶HTXLW\
Common stock, par value $.01 per share 99
6KDUHVRXWVWDQGLQJ±
6KDUHVRXWVWDQGLQJ±
$GGLWLRQDOSDLGLQFDSLWDO 2,484 2,225
Retained earnings 17,933 15,715
Treasury stock (8,456) (6,965)
Unearned compensation (138) (178)
Accumulated other comprehensive income (loss) (1,873) (411)
6WRFNKROGHUV¶HTXLW\±QHW 9,959 10,395
7RWDOOLDELOLWLHVDQGVWRFNKROGHUV¶HTXLW\ $21,294 $20,541
The accompanying Notes to Consolidated Financial StatHPHQWVDUHDQLQWHJUDOSDUWRIWKLVVWDWHPHQW