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3M Co's quarterly accounts payable declined from Dec. 2013 ($4,382 Mil) to Mar. 2014 ($2,838 Mil) but then increased from Mar. 2014 ($2,838 Mil) to Jun. 2014 ($2,978 Mil).
3M Co's annual accounts payable increased from Dec. 2011 ($3,497 Mil) to Dec. 2012 ($3,670 Mil) and increased from Dec. 2012 ($3,670 Mil) to Dec. 2013 ($4,382 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