Consider the following income statement and comparative balance sheet Income Statement 3M Company (in millions) 12 31 2020 Net sales $32,184 0 Cost of sales 16,605 0 Selling, general administrative expenses 6,929 0 Gain on business divestitures 0 0 Research, development other operating expenses 1,489 0 Operating income 7,161 0 Interest income (expense) (500 0) Other income (expense) 50 0 Income before income taxes 6,711 0 Provision for income taxes 1,318 0 Add net income attributable to unconsolidated subsidiaries (5 0) Net income including noncontrolling interest 5,388 0 Less net income (loss) attributable to noncontrolling interest (4 0) Net income attributable to company $5,384 0 Balance Sheet 3M Company (in millions) 12 31 2020 12 31 2019 Assets Cash cash equivalents $4,634 0 $2,353 0 Short term marketable securities 404 0 98 0 Accounts receivable, net 4,705 0 4,791 0 Inventories 4,239 0 4,134 0 Prepaid assets 675 0 704 0 Other current assets 325 0 891 0 Total current assets 14,982 0 12,971 0 Property, plant equipment, net 9,421 0 9,333 0 Operating lease right of use assets 864 0 858 0 Goodwill 13,802 0 13,444 0 Other intangible assets, net 5,835 0 6,379 0 Deferred income tax asset 871 0 521 0 Other long term assets 1,569 0 1,153 0 Total assets $47,344 0 $44,659 0 Liabilities Current portion of long term debt other short term debt $806 0 $2,795 0 Accounts payable 2,561 0 2,228 0 Accrued payroll 747 0 702 0 Accrued income taxes 300 0 194 0 Operating lease liabilities, current 256 0 247 0 Other current liabilities 3,278 0 3,056 0 Total current liabilities 7,948 0 9,222 0 Long term debt, less current portion 17,989 0 17,518 0 Pension postretirement benefits 4,405 0 3,911 0 Operating lease liabilities, long term 609 0 607 0 Other long term liabilities 3,462 0 3,275 0 Total liabilities 34,413 0 34,533 0 Stockholders Equity Common stock 9 0 9 0 Additional paid in capital 6,162 0 5,907 0 Retained earnings 43,761 0 42,135 0 Treasury stock, at cost 29,404 0 29,849 0 Accumulated other comprehensive income (loss) (7,661 0) (8,139 0) Total equity to company shareholders 12,867 0 10,063 0 Noncontrolling interest 64 0 63 0 Total equity 12,931 0 10,126 0 Total liabilities and equity $47,344 0 $44,659 0 Compute the following amounts for year 2020, assuming a statutory tax rate (federal and state combined) of 22 0 Enter your responses below Do not round intermediate calculations (in millions) 2020 Net nonoperating expense (NNE), after tax Net operating profit after taxes (NOPAT) Net operating assets (NOA) Net nonoperating obligations (NNO)

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Consider the following income statement and comparative balance sheet. Income Statement - 3M Company (in millions) 12/31/2020 Net sales $32,184.0 Cost of sales 16,605.0 Selling,

Consider the following income statement and comparative balance sheet.


Income Statement - 3M Company
(in millions)	12/31/2020
Net sales	$32,184.0
Cost of sales	16,605.0
Selling, general & administrative expenses	6,929.0
Gain on business divestitures	0.0
Research, development & other operating expenses	1,489.0
Operating income	7,161.0
Interest income (expense)	(500.0)
Other income (expense)	50.0
Income before income taxes	6,711.0
Provision for income taxes	1,318.0
Add: net income attributable to unconsolidated subsidiaries	(5.0)
Net income including noncontrolling interest	5,388.0
Less: net income (loss) attributable to noncontrolling interest	(4.0)
Net income attributable to company	$5,384.0


Balance Sheet - 3M Company
(in millions)	12/31/2020	12/31/2019
Assets:
Cash & cash equivalents	$4,634.0	$2,353.0
Short-term marketable securities	404.0	98.0
Accounts receivable, net	4,705.0	4,791.0
Inventories	4,239.0	4,134.0
Prepaid assets	675.0	704.0
Other current assets	325.0	891.0
Total current assets	14,982.0	12,971.0
Property, plant & equipment, net	9,421.0	9,333.0
Operating lease right of use assets	864.0	858.0
Goodwill	13,802.0	13,444.0
Other intangible assets, net	5,835.0	6,379.0
Deferred income tax asset	871.0	521.0
Other long-term assets	1,569.0	1,153.0
Total assets	$47,344.0	$44,659.0
Liabilities:
Current portion of long-term debt & other short-term debt	$806.0	$2,795.0
Accounts payable	2,561.0	2,228.0
Accrued payroll	747.0	702.0
Accrued income taxes	300.0	194.0
Operating lease liabilities, current	256.0	247.0
Other current liabilities	3,278.0	3,056.0
Total current liabilities	7,948.0	9,222.0
Long-term debt, less current portion	17,989.0	17,518.0
Pension & postretirement benefits	4,405.0	3,911.0
Operating lease liabilities, long-term	609.0	607.0
Other long-term liabilities	3,462.0	3,275.0
Total liabilities	34,413.0	34,533.0
Stockholders Equity:
Common stock	9.0	9.0
Additional paid-in capital	6,162.0	5,907.0
Retained earnings	43,761.0	42,135.0
Treasury stock, at cost	29,404.0	29,849.0
Accumulated other comprehensive income (loss)	(7,661.0)	(8,139.0)
Total equity to company shareholders	12,867.0	10,063.0
Noncontrolling interest	64.0	63.0
Total equity	12,931.0	10,126.0
Total liabilities and equity	$47,344.0	$44,659.0

Compute the following amounts for year 2020, assuming a statutory tax rate (federal and state combined) of 22.0%. Enter your responses below. Do not round intermediate calculations.

(in millions)	2020
Net nonoperating expense (NNE), after-tax:
Net operating profit after taxes (NOPAT):
Net operating assets (NOA):
Net nonoperating obligations (NNO):