Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name	3M CO
CIK	0000066740
Accession number	0001104659-14-009773
Link to XBRL instance	http://www.sec.gov/Archives/edgar/data/66740/000110465914009773/mmm-20131231.xml
Fiscal year end	--12-31
Fiscal year focus	2013
Fiscal period focus	FY
Current balance sheet date	2013-12-31
Current year-to-date income statement start date	2013-01-01

Conforms with all rules.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Components of Deferred Tax Assets and Liabilities

(Millions)			2013		2012
Deferred tax assets:
	Accruals not currently deductible
		Employee benefit costs	$	140	$	115
		Product and other claims		155		161
		Miscellaneous accruals		130		137
	Pension costs			447		969
	Stock-based compensation			322		415
	Net operating/capital loss carryforwards			225		304
	Foreign tax credits			316		285
	Inventory			221		189
	Other - net			―		18
Gross deferred tax assets				1,956		2,593
Valuation allowance				(23)		(29)
Total deferred tax assets			$	1,933	$	2,564

Deferred tax liabilities:
	Product and other insurance receivables		$	(46)	$	(60)
	Accelerated depreciation			(813)		(858)
	Intangible amortization			(780)		(808)
	Other			(7)		―
Total deferred tax liabilities			$	(1,646)	$	(1,726)

Net deferred tax assets			$	287	$	838

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description	Fact value	US GAAP XBRL Concept
Deferred tax assets, gross	1,956,000,000	us-gaap:DeferredTaxAssetsGross
Valuation allowance	-23,000,000	us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net	1,933,000,000	us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities	-1,646,000,000	us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net	287,000,000	us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK	0	*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description	Fact value	US GAAP XBRL Concept
Deferred tax assets, net, current	502,000,000	us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent	360,000,000	us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current	-37,000,000	us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent	-538,000,000	us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net	287,000,000	us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK	0	*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description	Fact value	US GAAP XBRL Concept
Deferred tax assets	1,933,000,000	us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net	-1,646,000,000	us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net	287,000,000	us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK	0	*

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