3M 2007 Annual Report Download - page 63

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57
Supplemental Balance Sheet Information (continued)
(Millions) 2007 2006
Other liabilities
Non-funded pension and postretirement benefits $ 1,348 $ 1,437
Employee benefits 576 602
Product and other claims 372 311
Deferred income taxes 355 84
Long term taxes payable 310 -
Minority interest in subsidiaries 325 278
Deferred income 36 50
Capital lease obligations 69 65
Other 175 138
Total other liabilities $ 3,566 $ 2,965
NOTE 6. Supplemental Stockholders’ Equity and Accumulated Other Comprehensive Income Information
Common stock ($.01 par value per share) of 3.0 billion shares is authorized, with 944,033,056 shares issued. Treasury
stock is reported at cost, with 234,877,025 shares at December 31, 2007, 209,670,254 shares at December 31, 2006,
and 189,494,669 shares at December 31, 2005. Preferred stock, without par value, of 10 million shares is authorized but
unissued.
The components of the ending balances of accumulated other comprehensive income (loss) as of December 31 follow:
Accumulated Other Comprehensive Income (Loss)
(Millions)
2007 2006 2005
Cumulative translation adjustment
Balance at January 1 $ 210 $ (296) $ 282
Pre-tax amount 456 503 (597)
Tax effect 76 3 19
Net of tax amount 532 506 (578)
Balance at December 31 742 210 (296)
Defined benefit pension plans adjustment
Balance at January 1 (2,067) (156) (110)
Pre-tax amount 941 (3,208) (28)
Tax effect (327) 1,297 (18)
Net of tax amount 614 (1,911) (46)
Balance at December 31 (1,453)
(2,067) (156)
Unrealized gain (loss) on debt and equity securities
Balance at January 1 2 3 2
Pre-tax amount (16) (1) 2
Tax effect 6 – (1)
Net of tax amount (10) (1) 1
Balance at December 31 (8) 2 3
Unrealized gain (loss) on cash flow hedging instruments
Balance at January 1 (18) 38 (42)
Pre-tax amount (24) (85) 126
Tax effect 14 29 (46)
Net of tax amount (10) (56) 80
Balance at December 31 (28) (18) 38
Total accumulated other comprehensive income (loss)
Balance at January 1 (1,873) (411) 132
Pre-tax amount 1,374 (2,791) (497)
Tax effect (248) 1,329 (46)
Net of tax amount 1,126 (1,462) (543)
Balance at December 31 $ (747) $(1,873) $(411)