Supplemental Equity and Comprehensive Income Information
 3 Months Ended
Mar. 31, 2015
Supplemental Equity and Comprehensive Income Information  
Supplemental Equity and Comprehensive Income Information

NOTE 4. Supplemental Equity and Comprehensive Income Information

Consolidated Statement of Changes in Equity

Three months ended March 31, 2015   3M Company Shareholders  
(Millions) 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, 2014 $ 13,142 $ 4,388 $ 34,317 $ (19,307) $ (6,289) $ 33
                    
Net income    1,201      1,199         2
Other comprehensive income (loss), net of tax:                  
Cumulative translation adjustment   (193)            (193)   ―
Defined benefit pension and post-retirement                   
 plans adjustment   91            91   ―
Debt and equity securities - unrealized gain (loss)    ―            ―   ―
Cash flow hedging instruments - unrealized                  
 gain (loss)    70            70   ―
Total other comprehensive income (loss), net                  
 of tax    (32)               
Dividends declared    (3)      (3)         
Stock-based compensation, net of tax impacts    228   228            
Reacquired stock    (896)         (896)      
Issuances pursuant to stock option and                  
 benefit plans    312      (433)   745      
Balance at March 31, 2015 $ 13,952 $ 4,616 $ 35,080 $ (19,458) $ (6,321) $ 35

Three months ended March 31, 2014   3M Company Shareholders  
(Millions) 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, 2013 $ 17,948 $ 4,384 $ 32,416 $ (15,385) $ (3,913) $ 446
                    
Net income    1,225      1,207         18
Other comprehensive income (loss), net of tax:                  
Cumulative translation adjustment   20            8   12
Defined benefit pension and post-retirement                  
 plans adjustment   61            61   ―
Debt and equity securities - unrealized gain (loss)    1            1   ―
Cash flow hedging instruments - unrealized                  
 gain (loss)    2            2   ―
Total other comprehensive income (loss), net                  
 of tax    84               
Dividends declared   1      1         
Stock-based compensation, net of tax impacts    170   170            
Reacquired stock    (1,773)         (1,773)      
Issuances pursuant to stock option and                  
 benefit plans    269      (312)   581      
Balance at March 31, 2014 $ 17,924 $ 4,554 $ 33,312 $ (16,577) $ (3,841) $ 476

In December 2014, 3M's Board of Directors declared a first-quarter 2015 dividend of $1.025 per share (paid in March 2015). In December 2013, 3M's Board of Directors declared a first-quarter 2014 dividend of $0.855 per share (paid in March 2014). This reduced 3M's stockholder equity and increased other current liabilities as of both December 31, 2014 and December 31, 2013, by approximately $0.6 billion.

Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component   
                   
Three months ended March 31, 2015               
(Millions) Cumulative Translation Adjustment Defined Benefit Pension and Postretirement Plans Adjustment Debt and Equity Securities, Unrealized Gain (Loss) Cash Flow Hedging Instruments, Unrealized Gain (Loss) Total Accumulated Other Comprehen-sive Income (Loss)
Balance at December 31, 2014, net of tax $ (1,095) $ (5,293) $ ― $ 99 $ (6,289)
Other comprehensive income (loss),                
 before tax:               
 Amounts before reclassifications   (44)   24   ―   136   116
 Amounts reclassified out   ―   124   ―   (27)   97
Total other comprehensive income (loss),                
 before tax   (44)   148   ―   109   213
Tax effect   (149)   (57)   ―   (39)   (245)
Total other comprehensive income (loss),                
 net of tax   (193)   91   ―   70   (32)
Balance at March 31, 2015, net of tax $ (1,288) $ (5,202) $ ― $ 169 $ (6,321)
                 
Three months ended March 31, 2014               
(Millions) Cumulative Translation Adjustment Defined Benefit Pension and Postretirement Plans Adjustment Debt and Equity Securities, Unrealized Gain (Loss) Cash Flow Hedging Instruments, Unrealized Gain (Loss) Total Accumulated Other Comprehen-sive Income (Loss)
Balance at December 31, 2013, net of tax $ (188) $ (3,715) $ (2) $ (8) $ (3,913)
Other comprehensive income (loss),                
 before tax:               
 Amounts before reclassifications   5   ―   2   9   16
 Amounts reclassified out   ―   91   ―   (6)   85
Total other comprehensive income (loss),                
 before tax   5   91   2   3   101
Tax effect   3   (30)   (1)   (1)   (29)
Total other comprehensive income (loss),                
 net of tax   8   61   1   2   72
Balance at March 31, 2014, net of tax $ (180) $ (3,654) $ (1) $ (6) $ (3,841)

Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation does include impacts from items such as net investment hedge transactions. Reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income.

Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
          
   Amount Reclassified from  
(Millions)  Accumulated Other Comprehensive Income Location on Income Statement
Details about Accumulated Other Comprehensive Income Components Three months ended March 31, 2015 Three months ended March 31, 2014 
Gains (losses) associated with, defined benefit pension and postretirement plans amortization        
 Transition asset $ ― $ ― See Note 7
 Prior service benefit   18   15 See Note 7
 Net actuarial loss   (159)   (106) See Note 7
Curtailments/Settlements   17   ― See Note 7
Total before tax   (124)   (91)  
Tax effect   46   30 Provision for income taxes
Net of tax $ (78) $ (61)  
          
Debt and equity security gains (losses)        
 Sales or impairments of securities $ ― $ ― Selling, general and administrative expenses
Total before tax   ―   ―  
Tax effect   ―   ― Provision for income taxes
Net of tax $ ― $ ―  
          
Cash flow hedging instruments gains (losses)        
 Foreign currency forward/option contracts $ 30 $ 4 Cost of sales
 Commodity price swap contracts   (2)   2 Cost of sales
 Interest rate swap contracts   (1)   ― Interest expense
Total before tax   27   6  
Tax effect   (10)   (2) Provision for income taxes
Net of tax $ 17 $ 4  
Total reclassifications for the period, net of tax $ (61) $ (57)