3M FIN STMTS FOR GRADED HW #3 3M CONSOLIDATED BALANCE SHEETS (In millions) ASSETS Cash & cash equivalents Accounts receivable, net allowances of $161 and $95 Inventories Prepaid expenses Other current assets Total current assets Property, plant and equipment, net Operating lease right-of-use assets Goodwill Other intangible assets, net Dec 31, 2019 Dec 31, 2018 $2,353 $2,853 4,791 5,020 4,134 4,366 704 741 989 729 12,971 13,709 9,333 8,738 858 13,444 10,051 6,379 2,657 1,674 1,345 $44,659 $36,500 Other long-term assets Total assets LIABILITIES & STOCKHOLDERS' EQUITY Short-term borrowings and current portion of long-term debt $2,795 $1,211 Accounts payable 2,228 2,266 Accrued salaries 702 749 Accrued income taxes 194 243 Current operating lease liabilities 247 Other current liabilities 3,056 2,775 Total current liabilities 9,222 7,244 Long-term debt 17,518 13,411 Pension and postretirement benefits 3,911 2,987 Long-term operating lease liabilities 607 Other long-term liabilities 3,275 3,010 Total liabilities 34,533 26,652 Common stock, $0.01 par value; 3,000.0 million shares authorized; 944.0 million shares issued at 12/31/19 and 937.8 million shares issued at 12/31/18 9 9 Additional paid in capital 5,907 5,082 Treasury stock, 368.8 million shares at 12/31/19 and 361.2 million shares at 12/31/18 (29,849) (28,442) Retained earnings 42,135 40,869 Accumulated other comprehensive loss (8,076) (7,670) Total stockholders' equity Total liabilities & stockholders' equity 10,126 $44,659 9,848 $36,500