Trying to calculate NOA based on the attached picture: Consolidated Statements Of Earnings$ millionsDec. 31, 2018Dec. 31, 2017 FROM PRIOR REVIEW (NOA) Operating assets Operating liabilities Net operating assets (NOA) ng noncontrolling interest..Less: Net income attributable to noncontrolling interest..7,5482,6791,637Net income attributable to 3M. . . .5,3634,8691411* Interest expense, gross is $350 milion in 2018 and $322 million in 2017.$ 5,349$ 4,8583M COMPANYConsolidated Balance SheetsAt December 31 ($ millions)Current assets20182017Cash and cash equivalents.Marketable securitiesAccounts receivable$ 2,853$ 3,0533801,076..Total inventories.Prepaids..Other current assets5,0204,9114,3664,034741937Total current assets.349266Property, plant and equipment, net.Goodwill. .Intangible assets-netOther assets.13,70914,2778,8668,73810,0512,65710,5132,9361,3951,345Total assets.$36,500$37,987Current liabilities$ 1,8531,945Short-term borrowings and current portion of long-term debt..Accounts payableAccrued payroll....Accrued income taxes.... $ 1,2112,2667498702433102,7752,709Other current liabilities7,6877,24413,4112,9873,010Total current liabilitiesLong-term debt....Pension and postretirement benefits . ..12,0963,6202,962Other liabilities26,36526,652Total liabilities.continued00€2000 ideopod 3Phvacy Shuon Webcalodule 4 Analyzing and Interpreting Financial StatementsO Cambridgcontinued from previous page3M COMPANYConsolidated Balance Sheets20182017At December 31 ($ millions)3M Company shareholders' equityCommon stock par value . ..Additional paid-in capital....Retained earnings .. ..Treasury stock ....Accumulated other comprehensive income (loss)5,6435,35239,115(25,887)(7,026)40,636(29,626)(6,866)Total 3M Company shareholders' equityNoncontrolling interest. ..Total equity....9,79611,563.... ...5259...9,84811,622Total liabilities and equity . ..... ... $36,500$37,987Requiredz. Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal andstate statutory tax rate is 22%.

Operating activities are those in which the company’s real operations are affected. It include all…

3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII

3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consolidated Statements Of Earnings
$ millions	Dec. 31, 2018	Dec. 31, 2017

FROM PRIOR REVIEW (NOA)
Operating assets
Operating liabilities
Net operating assets (NOA)