3M Co (FRA:MMM) Long-Term Capital Lease Obligation : €545 Mil (As of Dec. 2023)

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What is 3M Co Long-Term Capital Lease Obligation?

3M Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €545 Mil.

3M Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€526 Mil) to Sep. 2023 (€515 Mil) but then increased from Sep. 2023 (€515 Mil) to Dec. 2023 (€545 Mil).

3M Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€605 Mil) to Dec. 2022 (€618 Mil) but then declined from Dec. 2022 (€618 Mil) to Dec. 2023 (€545 Mil).

3M Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for 3M Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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3M Co Long-Term Capital Lease Obligation Chart

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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646.20

577.04

605.34

618.32

544.70

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															618.32	585.62	526.11	515.35	544.70

3M Co (FRA:MMM) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

3M Co Long-Term Capital Lease Obligation Related Terms

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3M Co (FRA:MMM) Business Description

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Comparable Companies

Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.