| Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M |
Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component
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Defined Benefit
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Debt and
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Cash Flow
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Accumulated
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Pension and
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Equity
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Hedging
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Other
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Cumulative
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Postretirement
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Securities,
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Instruments,
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Comprehensive
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Translation
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Plans
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Unrealized
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Unrealized
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Income
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(Millions)
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Adjustment
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Adjustment
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Gain (Loss)
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Gain (Loss)
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(Loss)
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Balance at December 31, 2013, net of tax:
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$
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(188)
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$
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(3,715)
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$
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(2)
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$
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(8)
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$
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(3,913)
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Other comprehensive income (loss), before tax:
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Amounts before reclassifications
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(856)
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(2,638)
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2
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171
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(3,321)
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Amounts reclassified out
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—
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360
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1
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(4)
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357
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Total other comprehensive income (loss), before tax
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(856)
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(2,278)
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3
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167
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(2,964)
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Tax effect
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(92)
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716
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(1)
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(60)
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563
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Total other comprehensive income (loss), net of tax
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(948)
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(1,562)
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2
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107
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(2,401)
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Impact from purchase of subsidiary shares
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41
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(16)
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—
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—
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25
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Balance at December 31, 2014, net of tax:
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$
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(1,095)
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$
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(5,293)
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$
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—
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$
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99
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$
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(6,289)
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Other comprehensive income (loss), before tax:
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Amounts before reclassifications
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(447)
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367
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—
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212
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132
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Amounts reclassified out
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—
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537
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—
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(174)
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363
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Total other comprehensive income (loss), before tax
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(447)
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904
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—
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38
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495
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Tax effect
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(137)
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(415)
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—
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(13)
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(565)
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Total other comprehensive income (loss), net of tax
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(584)
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489
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—
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25
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(70)
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Balance at December 31, 2015, net of tax
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$
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(1,679)
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$
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(4,804)
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$
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—
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$
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124
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$
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(6,359)
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Other comprehensive income (loss), before tax:
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Amounts before reclassifications
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(244)
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(1,122)
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—
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57
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(1,309)
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Amounts reclassified out
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—
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421
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—
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(109)
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312
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Total other comprehensive income (loss), before tax
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(244)
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(701)
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—
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(52)
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(997)
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Tax effect
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(85)
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177
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—
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19
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111
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Total other comprehensive income (loss), net of tax
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(329)
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(524)
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—
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(33)
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(886)
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Balance at December 31, 2016, net of tax:
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$
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(2,008)
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$
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(5,328)
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$
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—
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$
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91
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$
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(7,245)
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| Reclassifications Out of Accumulated Other Comprehensive Income |
Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
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Amounts Reclassified from
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Accumulated Other Comprehensive Income
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Details about Accumulated Other
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Year ended
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Year ended
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Year ended
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Comprehensive Income Components
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December 31,
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December 31,
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December 31,
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Location on Income
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(Millions)
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2016
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2015
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2014
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Statement
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Gains (losses) associated with, defined benefit pension and postretirement plans amortization
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Transition asset
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$
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1
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$
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1
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$
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1
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See Note 11
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Prior service benefit
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92
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79
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59
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See Note 11
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Net actuarial loss
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(506)
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(626)
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(420)
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See Note 11
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Curtailments/Settlements
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(8)
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9
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—
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See Note 11
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Total before tax
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(421)
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(537)
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(360)
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Tax effect
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148
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176
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122
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Provision for income taxes
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Net of tax
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$
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(273)
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$
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(361)
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$
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(238)
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Debt and equity security gains (losses)
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Sales or impairments of securities
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$
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—
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$
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—
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$
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(1)
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Selling, general and administrative expenses
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Total before tax
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—
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—
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(1)
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Tax effect
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—
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—
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—
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Provision for income taxes
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Net of tax
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$
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—
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$
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—
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$
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(1)
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Cash flow hedging instruments gains (losses)
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Foreign currency forward/option contracts
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$
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110
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$
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178
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$
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3
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Cost of sales
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Commodity price swap contracts
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—
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(2)
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2
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Cost of sales
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Interest rate swap contracts
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(1)
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(2)
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(1)
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Interest expense
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Total before tax
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109
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174
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4
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Tax effect
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(39)
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(63)
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(1)
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Provision for income taxes
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Net of tax
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$
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70
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$
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111
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$
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3
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Total reclassifications for the period, net of tax
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$
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(203)
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$
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(250)
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$
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(236)
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