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3M Co's quarterly accounts payable declined from Dec. 2013 (€3,217 Mil) to Mar. 2014 (€2,055 Mil) but then increased from Mar. 2014 (€2,055 Mil) to Jun. 2014 (€2,201 Mil).
3M Co's annual accounts payable increased from Dec. 2011 (€2,711 Mil) to Dec. 2012 (€2,759 Mil) and increased from Dec. 2012 (€2,759 Mil) to Dec. 2013 (€3,217 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
3M Co Annual Data
3M Co Quarterly Data