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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 ±
$FFRXQWVUHFHLYDEOH±QHWRIDOORZDQFHVRIDQG 3,102 2,838
Inventories
Finished goods 1,235 1,050
Work in process 795 706
5DZPDWHULDOVDQGVXSSOLHV 571 406
Total inventories 2,601 2,162
Other current assets 1,325 1,043
Total current assets 8,946 7,115
0DUNHWDEOHVHFXULWLHV±QRQFXUUHQW 166 ±
Investments 314 272
Property, plant and equipment 17,017 16,127
Less: Accumulated depreciation (11,110) (10,534)
3URSHUW\SODQWDQGHTXLSPHQW±QHW 5,907 5,593
*RRGZLOO 4,082 3,530
,QWDQJLEOHDVVHWV±QHW 708 486
3UHSDLGSHQVLRQDQGSRVWUHWLUHPHQWEHQHILWV 395 2,905
Other assets 776 640
Total assets $21,294 $20,541
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Current liabilities
6KRUWWHUPERUURZLQJVDQGFXUUHQWSRUWLRQRIORQJWHUPGHEW $ 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
/RQJWHUPGHEW 1,047 1,309
Other liabilities 2,965 3,599
Total liabilities $11,335 $10,146
Commitments and contingencies (Note 13)
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Common stock, par value $.01 per share 99
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$GGLWLRQDOSDLGLQFDSLWDO 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
7RWDOOLDELOLWLHVDQGVWRFNKROGHUV¶HTXLW\ $21,294 $20,541
The accompanying Notes to Consolidated Financial StatHPHQWVDUHDQLQWHJUDOSDUWRIWKLVVWDWHPHQW