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49
Consolidated Statement of Changes in Equity
3M Company and Subsidiaries
Years Ended December 31
3M Company Shareholders
(Dollars in millions, except per share amounts)
Total
Common
Stock and
Additional
Paid-in
Capital
Retained
Earnings
Treasury
Stock
Accumulated
Other
Comprehen-
sive Income
(Loss)
Non-
controlling
Interest
Balance at December 31, 2010
$
16,017
$
3,477
$
25,995
$
(10,266)
$
(3,543)
$
354
Net income
4,357
4,283
74
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment
(250)
(260)
10
Defined benefit pension and post-retirement
plans adjustment
(1,280)
(1,276)
(4)
Debt and equity securities - unrealized gain
(loss)
―
―
―
Cash flow hedging instruments - unrealized
gain (loss)
54
54
―
Total other comprehensive income (loss), net
of tax
(1,476)
Dividends declared ($2.20 per share)
(1,555)
(1,555)
Business combination allocation to
noncontrolling interest
56
56
Purchase and sale of subsidiary shares - net
(49)
(1)
(48)
Stock-based compensation, net of tax impacts
300
300
Reacquired stock
(2,694)
(2,694)
Issuances pursuant to stock option and
benefit plans
906
(375)
1,281
Balance at December 31, 2011
$
15,862
$
3,776
$
28,348
$
(11,679)
$
(5,025)
$
442
Net income
4,511
4,444
67
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment
71
116
(45)
Defined benefit pension and post-retirement
plans adjustment
201
200
1
Debt and equity securities - unrealized gain
(loss)
4
4
―
Cash flow hedging instruments - unrealized
gain (loss)
(45)
(45)
―
Total other comprehensive income (loss),
net of tax
231
Dividends declared ($2.36 per share)
(1,635)
(1,635)
Stock-based compensation, net of tax impacts
277
277
Reacquired stock
(2,220)
(2,220)
Issuances pursuant to stock option and
benefit plans
1,014
(478)
1,492
Balance at December 31, 2012
$
18,040
$
4,053
$
30,679
$
(12,407)
$
(4,750)
$
465