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10-Q Filing

3M CO CIK: 66740 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001558370-19-003408
Period End Date 20190331
Filing Date 20190426
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance mmm-20190331.xml
Filing Contents
Balance Sheet 87 line items
Line Item Tag Value Unit Period
Common stock, par value per share (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value per share (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 944.03M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 944.03M shares Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.05B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.49B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.85B USD Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 367.46M shares Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 367.61M shares Point-in-time
Marketable securities - current MarketableSecuritiesCurrent $380.00M USD Point-in-time
Marketable securities - current MarketableSecuritiesCurrent $539.00M USD Point-in-time
Accounts receivable - net AccountsReceivableNetCurrent $5.02B USD Point-in-time
Accounts receivable - net AccountsReceivableNetCurrent $5.17B USD Point-in-time
Finished goods InventoryFinishedGoods $2.12B USD Point-in-time
Finished goods InventoryFinishedGoods $2.22B USD Point-in-time
Work in process InventoryWorkInProcess $1.29B USD Point-in-time
Work in process InventoryWorkInProcess $1.33B USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSupplies $984.00M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSupplies $954.00M USD Point-in-time
Total inventories InventoryNet $4.54B USD Point-in-time
Total inventories InventoryNet $4.37B USD Point-in-time
Prepaids PrepaidExpenseCurrent $713.00M USD Point-in-time
Prepaids PrepaidExpenseCurrent $741.00M USD Point-in-time
Other current assets OtherAssetsCurrent $473.00M USD Point-in-time
Other current assets OtherAssetsCurrent $349.00M USD Point-in-time
Total current assets AssetsCurrent $13.71B USD Point-in-time
Total current assets AssetsCurrent $14.37B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $25.12B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $24.87B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $16.14B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $16.30B USD Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $8.74B USD Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $8.83B USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $797.00M USD Point-in-time
Goodwill Goodwill $10.61B USD Point-in-time
Goodwill Goodwill $10.05B USD Point-in-time
Intangible assets - net IntangibleAssetsNetExcludingGoodwill $3.05B USD Point-in-time
Intangible assets - net IntangibleAssetsNetExcludingGoodwill $2.66B USD Point-in-time
Other assets OtherAssetsNoncurrent $1.48B USD Point-in-time
Other assets OtherAssetsNoncurrent $1.34B USD Point-in-time
Total assets Assets $39.14B USD Point-in-time
Total assets Assets $36.50B USD Point-in-time
Short-term borrowings and current portion of long-term debt DebtCurrent $790.00M USD Point-in-time
Short-term borrowings and current portion of long-term debt DebtCurrent $1.21B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.31B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.27B USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $749.00M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $517.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $183.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $243.00M USD Point-in-time
Operating lease liabilities current OperatingLeaseLiabilityCurrent $255.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.07B USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $2.77B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.12B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.24B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $13.41B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $15.58B USD Point-in-time
Pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $2.99B USD Point-in-time
Pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $2.92B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $531.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.23B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.01B USD Point-in-time
Total liabilities Liabilities $29.38B USD Point-in-time
Total liabilities Liabilities $26.65B USD Point-in-time
Commitments and contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Common stock par value, $.01 par value; 944,033,056 shares issued CommonStockValue $9.00M USD Point-in-time
Common stock par value, $.01 par value; 944,033,056 shares issued CommonStockValue $9.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $5.75B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $5.64B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $40.64B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $41.16B USD Point-in-time
Treasury stock, at cost: 367,606,350 shares at March 31, 2019; 367,457,888 shares at December 31, 2018 TreasuryStockCommonValue $29.63B USD Point-in-time
Treasury stock, at cost: 367,606,350 shares at March 31, 2019; 367,457,888 shares at December 31, 2018 TreasuryStockCommonValue $29.67B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.87B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.55B USD Point-in-time
Total 3M Company shareholders' equity StockholdersEquity $9.80B USD Point-in-time
Total 3M Company shareholders' equity StockholdersEquity $9.70B USD Point-in-time
Noncontrolling interest MinorityInterest $52.00M USD Point-in-time
Noncontrolling interest MinorityInterest $54.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.62B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.85B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.04B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.76B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $39.14B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $36.50B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales Revenues $7.86B USD 1 Quarter
Net sales Revenues $8.28B USD 1 Quarter
Cost of sales CostOfRevenue $4.31B USD 1 Quarter
Cost of sales CostOfRevenue $4.24B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $2.57B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.95B USD 1 Quarter
Research, development and related expenses ResearchDevelopmentAndRelatedExpenses $486.00M USD 1 Quarter
Research, development and related expenses ResearchDevelopmentAndRelatedExpenses $477.00M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness $24.00M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness $8.00M USD 1 Quarter
Total operating expenses CostsAndExpenses $7.27B USD 1 Quarter
Total operating expenses CostsAndExpenses $6.73B USD 1 Quarter
Operating income OperatingIncomeLoss $1.01B USD 1 Quarter
Operating income OperatingIncomeLoss $1.14B USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $-42.00M USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $-48.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $965.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.09B USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $195.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $359.00M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $606.00M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $893.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Net income attributable to 3M NetIncomeLoss $891.00M USD 1 Quarter
Net income attributable to 3M NetIncomeLoss $602.00M USD 1 Quarter
Weighted average 3M common shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 596.20M shares 1 Quarter
Weighted average 3M common shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 577.50M shares 1 Quarter
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) EarningsPerShareBasic $1.54 USD 1 Quarter
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) EarningsPerShareBasic $1.01 USD 1 Quarter
Weighted average 3M common shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 588.50M shares 1 Quarter
Weighted average 3M common shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 612.70M shares 1 Quarter
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) EarningsPerShareDiluted $0.98 USD 1 Quarter
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) EarningsPerShareDiluted $1.51 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interest ProfitLoss $606.00M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $893.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $375.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $382.00M USD 1 Quarter
Company pension and postretirement contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $47.00M USD 1 Quarter
Company pension and postretirement contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $232.00M USD 1 Quarter
Company pension and postretirement expense PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $102.00M USD 1 Quarter
Company pension and postretirement expense PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $70.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $130.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $159.00M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusinessIncludingCashReceived $24.00M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusinessIncludingCashReceived $5.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-103.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-56.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $78.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $260.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $209.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $178.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-3.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-88.00M USD 1 Quarter
Accrued income taxes (current and long-term) IncreaseDecreaseInAccruedIncomeTaxesPayable $212.00M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $53.00M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $402.00M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $1.05B USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $143.00M USD 1 Quarter
Purchases of property, plant and equipment (PP&E) PaymentsToAcquirePropertyPlantAndEquipment $304.00M USD 1 Quarter
Purchases of property, plant and equipment (PP&E) PaymentsToAcquirePropertyPlantAndEquipment $391.00M USD 1 Quarter
Proceeds from sale of PP&E and other assets ProceedsFromSaleOfProductiveAssets $83.00M USD 1 Quarter
Proceeds from sale of PP&E and other assets ProceedsFromSaleOfProductiveAssets $1.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $704.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireInvestments $511.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireInvestments $517.00M USD 1 Quarter
Proceeds from maturities and sale of marketable securities and investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $990.00M USD 1 Quarter
Proceeds from maturities and sale of marketable securities and investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $369.00M USD 1 Quarter
Proceeds from sale of businesses, net of cash sold ProceedsFromDivestitureOfBusinesses $40.00M USD 1 Quarter
Proceeds from sale of businesses, net of cash sold ProceedsFromDivestitureOfBusinesses $6.00M USD 1 Quarter
Other - net PaymentsForProceedsFromOtherInvestingActivities $-5.00M USD 1 Quarter
Other - net PaymentsForProceedsFromOtherInvestingActivities $11.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.23B USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $281.00M USD 1 Quarter
Change in short-term debt - net ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $1.58B USD 1 Quarter
Change in short-term debt - net ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-428.00M USD 1 Quarter
Repayment of debt (maturities greater than 90 days) RepaymentsOfDebtMaturingInMoreThanThreeMonths $246.00M USD 1 Quarter
Repayment of debt (maturities greater than 90 days) RepaymentsOfDebtMaturingInMoreThanThreeMonths $6.00M USD 1 Quarter
Proceeds from debt (maturities greater than 90 days) ProceedsFromDebtMaturingInMoreThanThreeMonths $2.27B USD 1 Quarter
Proceeds from debt (maturities greater than 90 days) ProceedsFromDebtMaturingInMoreThanThreeMonths $6.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $937.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $701.00M USD 1 Quarter
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans ProceedsFromSaleOfTreasuryStock $219.00M USD 1 Quarter
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans ProceedsFromSaleOfTreasuryStock $215.00M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsCommonStock $810.00M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsCommonStock $830.00M USD 1 Quarter
Other - net ProceedsFromPaymentsForOtherFinancingActivities $-17.00M USD 1 Quarter
Other - net ProceedsFromPaymentsForOtherFinancingActivities $-7.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $46.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $258.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $4.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-32.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $85.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $438.00M USD 1 Quarter
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.05B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.49B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.85B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.05B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.49B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.85B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interest ProfitLoss $606.00M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $893.00M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $77.00M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $167.00M USD 1 Quarter
Defined benefit pension and postretirement plans adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-116.00M USD 1 Quarter
Defined benefit pension and postretirement plans adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-84.00M USD 1 Quarter
Cash flow hedging instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $6.00M USD 1 Quarter
Cash flow hedging instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-61.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $222.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $167.00M USD 1 Quarter
Comprehensive income (loss) including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.06B USD 1 Quarter
Comprehensive income (loss) including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $828.00M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income (loss) attributable to 3M ComprehensiveIncomeNetOfTax $825.00M USD 1 Quarter
Comprehensive income (loss) attributable to 3M ComprehensiveIncomeNetOfTax $1.06B USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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