Attached files
file | filename |
---|---|
EX-15 - EX-15 - 3M CO | mmm-20150930xex15.htm |
EX-95 - EX-95 - 3M CO | mmm-20150930xex95.htm |
EX-32.2 - EX-32.2 - 3M CO | mmm-20150930ex32297a0a2.htm |
EX-31.1 - EX-31.1 - 3M CO | mmm-20150930ex31121ea27.htm |
EX-32.1 - EX-32.1 - 3M CO | mmm-20150930ex3219a2e22.htm |
10-Q - 10-Q - 3M CO | mmm-20150930x10q.htm |
EX-31.2 - EX-31.2 - 3M CO | mmm-20150930ex3127ce7a3.htm |
3M COMPANY AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions)
|
|
Nine months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
|
||||||
|
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
||||||
EARNINGS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
$ |
5,360 |
|
$ |
7,026 |
|
$ |
6,562 |
|
$ |
6,351 |
|
$ |
6,031 |
|
$ |
5,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense (including amortization of capitalized interest) |
|
|
121 |
|
|
164 |
|
|
166 |
|
|
191 |
|
|
206 |
|
|
220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of rent under operating leases representative of the interest component |
|
|
75 |
|
|
104 |
|
|
103 |
|
|
92 |
|
|
85 |
|
|
81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in undistributed income of 20-50% owned companies |
|
|
3 |
|
|
(1) |
|
|
(1) |
|
|
3 |
|
|
4 |
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES |
|
$ |
5,553 |
|
$ |
7,295 |
|
$ |
6,832 |
|
$ |
6,631 |
|
$ |
6,318 |
|
$ |
6,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED CHARGES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest on debt (including capitalized interest) |
|
|
114 |
|
|
159 |
|
|
166 |
|
|
194 |
|
|
206 |
|
|
218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of rent under operating leases representative of the interest component |
|
|
75 |
|
|
104 |
|
|
103 |
|
|
92 |
|
|
85 |
|
|
81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL FIXED CHARGES |
|
$ |
189 |
|
$ |
263 |
|
$ |
269 |
|
$ |
286 |
|
$ |
291 |
|
$ |
299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
|
29.4 |
|
|
27.7 |
|
|
25.4 |
|
|
23.2 |
|
|
21.7 |
|
|
20.2 |
|