Consolidated Balance Sheets |
($ millions) |
2009 |
2008 |
Assets |
|
|
Current Assets |
|
|
Cash and cash equivalents |
$ 3,040 |
$ 1,849 |
Marketable securities-current |
744 |
373 |
Accounts receivable-net |
3,250 |
3,195 |
Inventories |
|
|
Finished goods |
1,255 |
1,505 |
Work in process |
815 |
851 |
Raw materials and supplies |
569 |
657 |
Total inventories |
2,639 |
3,013 |
Other current assets |
1,122 |
1,168 |
Total current assets |
10,795 |
9,598 |
Marketable securities-noncurrent |
825 |
352 |
Investments |
103 |
111 |
Property, plant and equipment |
19,440 |
18,812 |
Less: Accumulated depreciation |
(12,440) |
(11,926) |
Property, plant and equipment-net |
7,000 |
6,886 |
Goodwill |
5,832 |
5,753 |
Intangible assets-net |
1,342 |
1,398 |
Prepaid pension benefits |
78 |
36 |
Other assets |
1,275 |
1,659 |
Total assets |
$ 27,250 |
$ 25,793 |
Liabilities |
|
|
Current liabilities |
|
|
Short-term borrowings and current portion of long-term
debt |
$ 613 |
$ 1,552 |
Accounts payable |
1,453 |
1,301 |
Accrued payroll |
680 |
644 |
Accrued income taxes |
252 |
350 |
Other current liabilities |
1,899 |
1,992 |
Total current liabilities |
4,897 |
5,839 |
Long-term debt |
5,097 |
5,166 |
Pension and postretirement benefits |
2,227 |
2,847 |
Other liabilities |
1,727 |
1,637 |
Total liabilities |
13,948 |
15,489 |
Equity |
|
|
3M Company shareholders' equity: Common stock, par value $.01
per share; |
9 |
9 |
Additional paid-in capital |
3,153 |
3,006 |
Retained earnings |
23,753 |
22,227 |
Treasury stock |
(10,397) |
(11,676) |
Accumulated other comprehensive income (loss) |
(3,754) |
(3,686) |
Total 3M Company shareholders' equity |
12,764 |
9,880 |
Noncontrolling interest |
538 |
424 |
Total equity |
13,302 |
10,304 |
Total liabilities and equity |
$ 27,250 |
$ 25,793 |
(a) Compute net operating profit after tax (NOPAT) for 2009. Assume
that the combined federal and statutory rate is: 36.1% (Round your
answer to the nearest whole number.)
2009 NOPAT =Answer($ millions)
(b) Compute net operating assets (NOA) for 2009 and 2008. Treat
noncurrent Investments as a nonoperating item.
2009 NOA =Answer($ millions)
2008 NOA =Answer($ millions)
(c) Compute 3M's RNOA, net operating profit margin (NOPM) and net
operating asset turnover (NOAT) for 2009. (Round your answers to
two decimal places. Do not use NOPM x NOAT to calculate
RNOA.)
2009 RNOA =Answer%
2009 NOPM =Answer%
2009 NOAT =Answer
(d) Compute net nonoperating obligations (NNO) for 2009 and
2008.
2009 NNO =Answer($ millions)
2008 NNO =Answer($ millions)
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