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3M Co's other long-term assets for the quarter that ended in Jun. 2014 was $3,067 Mil.
3M Co's quarterly other long-term assets increased from Dec. 2013 ($3,132 Mil) to Mar. 2014 ($3,167 Mil) but then declined from Mar. 2014 ($3,167 Mil) to Jun. 2014 ($3,067 Mil).
3M Co's annual other long-term assets declined from Dec. 2011 ($2,747 Mil) to Dec. 2012 ($2,558 Mil) but then increased from Dec. 2012 ($2,558 Mil) to Dec. 2013 ($3,132 Mil).
Assets are presented on the balance sheet in order of their liquidity. If a company expects to sell or otherwise recognize the economic value of an asset within one year, the asset is generally classified as a current asset on the balance sheet. Cash on hand is a common current asset.
A long-term asset is an asset that a company expects to sell or otherwise recognize the economic value of after more than one year. Property, plant and equipment, and intangible assets are common long-term assets. Except those two items and current assets, the others we treated as "Other Long Term Assets".
3M Co Annual Data
|Other Long-Term Assets||3,345||3,817||1,651||2,884||2,158||2,281||2,022||2,747||2,558||3,132|
3M Co Quarterly Data
|Other Long-Term Assets||2,452||2,634||2,983||2,558||2,769||2,801||2,787||3,132||3,167||3,067|