ACG 4401

XBRL Instance Documents

Financial Information Reported By a Specific Entity For a Specific Period of Time In a Specific Currency

▪ How precise is the currency being reported

What taxonomy schema is the element defined in

Rules and Syntax for XBRL Instance Documents AND XBRL taxonomies

Instance Document Contains the data items which represent the financial data in

financial reports▪ Financial Statements▪ Disclosures

Taxonomy Defines elements and relationships

▪ Schema for a particular reporting group▪ Banking & Savings▪ Brokers & Dealers▪ Commercial & Industrial▪ Insurance▪ Real Estate

▪ Linkbases▪ Presentation, Calculation, Reference, Label, &

Dimension

Schedule of Investments Used to supplement investment holdings

for unaffiliated investments Industry Entry Points (GAAP)

Commercial and Industrial Banking and Savings Institutions Brokers and Dealers Insurance Real Estate

Non-GAAP Record of Credit Rating Taxonomy U.S. Mutual Fund Risk/Return Taxonomy Management Reports Management Discussion and Analysis Document and Entity Informaiton

Source:

Label elements are connected to human readable

labels Presentation

How elements appear Calculation

How elements are used in calculations Reference

Official definition and references to accounting pronouncements

Dimension relationships among items in tables

within a companies footnote disclosures.

<label xlink:type="resource" xlink:label="label16" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</label><labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element16" xlink:to="label16"/><loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element17"/><label xlink:type="resource" xlink:label="label17" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Less: Accumulated depreciation</label><labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element17" xlink:to="label17"/><loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element18"/>

uses parent-child relations to organize elements Assets

Current▪ Cash

▪ Receivables

▪ Accounts

▪ Interest

▪ Inventory

Long-Term▪ Property, Plant and Equipment

▪ Intangible Assets

▪ Notes Receivable The “order” attribute of the presentationArc specifies the order in

which child concepts should appear with respect to their sibling concepts.

Gross Profit = Revenue – CGS

Linkbase Gross Profit Revenue (1) CGS (-1) Lower level elements sum

up to or are subtracted from upper level elements

weight is a required attribute on calculationArc elements; it must have a non-zero decimal value; for summation-item arcs, the weight attribute indicates the multiplier to be applied to a numeric item value (content) when accumulating numeric values from item elements to summation elements; a value of "1.0" means that 1.0 times the numeric value of the item is applied to the parent item; a weight of "-1.0" means that 1.0 times the numeric value is subtracted from the summation item; there are also rules that are applied to the calculation of elements possessing opposite balance attribute values ('credit' and 'debit');

Source: Charlie Hoffman, http://xbrl.squarespace.com/journal/2009/6/21/high-level-model-of-xbrl.html

Attributes include: What entity is the data for (contextRef) What period of time is the data for

(contextRef) What currency is being reported (UnitRef) What precision is the currency in

(decimals) Which taxonomy is the fact defined in

(namespace prefix)

XBRL Element Name Definition Cardinalityxbrl An XBRL instance document Required root element

schemaRef

Identifies an XBRL taxonomy schema & links it to this XBRL instance document 1 .. N

context

Establishes the "reporting context" of an XBRL instance document (a complex element) 1 .. NMust contain: id attribute (a unique identifier); entity (to identify the reporting entity); period (to identify the reporting period)

Identifies the numerical unit of measure (e.g. USD) (a complex element) 0 .. NMust contain: id attribute (a unique identifier); measure (to identify the unit of measure)

An XBRL item At least one reported XBRL item 1 .. NMust contain: contextRef attribute (to identify the context that applies to this item); For numeric items: unitRef attribute (to identify the unit of measure that applies to this item); decimals attribute (to designate the reporting precision that applies to this item)

1. Root Element NameSpace Declarations

2. References Schema Declarations

3. Context Who’s financial data What Period

4. Unit Currency Shares

5. Items Elements of the Financial Statement

Element Name = xbrl All namespace declarations XBRL usually will contain many

▪ xmlns:us-gaap=“http://xbrl.fasb.org/us-gaap/2014”

▪ xmlns:link=“http://www.w3.org/2003/linkbase”▪ xmlns:xbrli=“http://www.xbrl.org/2003/instance”▪ xmlns:xlink=“http://www.w3.org/1999/xlink”▪ xmlns:iso4217=“http://www.xbrl.org/2003/iso4217

<xbrli:xbrl xmlns:us-gaap ... xmlns:link ... xmlns:xbrli .... xmlns:xlink>

xbrli Content and structure of XBRL instance

link Content and structure of linkbases

iso4217 Standard currency codes

xlink Xlink schema

US GAAP taxonomy24

Was maintained by XBRL-US organization

Now maintained by FASBNamespaces and Schema URI’s

Used to link a taxonomy schema to the instance document Must be at least one Taxonomy Reference used to

validate the Instance Document First Child Element

schemaRef▪ Attributes:

▪ xlink:type=“simple”▪ xlink:href=“URI”

Element Name = Context id attribute

▪ Used later to associate meta-data with financial reporting item▪ Can be anything, but must start with a letter▪ Like a namespace prefix<xbrli:context id=“WhateverYouWant”>

Complex element with 4 parent elements Entity

▪ Uniquely identifies the entity Period

▪ Instant▪ Duration

Scenario▪ What types of facts▪ Actual, Restated, Budgeted, etc.

Segment▪ Information about segment being reported

Entity (Parent Element) Identifier (Child Element)

(attribute) scheme▪ Depends on reporting purpose

▪ SEC identifier, NYSE symbol, etc.

<xbrli:entity><xbrli:identifier scheme=“http://www.sec.gov/CIK”>SEC CIK

id</xbrli:identifier></xbrli:entity>

<xbrli:period><xbrli:instant>2007-11-06</xbrli:instant> or...<xbrli:startDate>2007-01-01</

xbrli:startDate><xbrli:endDate>2007-12-31</xbrli:endDate>

or...<xbrli:forever> data</xbrli:forever>

</xbrli:period>Must use yyyy-mm-dd format

Unit (Parent Element)id attribute

Used as a referenceCan be anything, usually logical & human readable

Measure element (child element)Value describing unit of measure

USDEURJPYxbrli:shares

Currency<xbrli:unit id=“USD”

<xbrli:measure>iso4217:USD</xbrli:measure>

</xbrli:unit>

Shares<xbrli:unit id=“shares”>

<xbrli:mesure>xbrli:shares</xbrli:measure>

</xbrli:unit>

<xbrli:unit id=“EPS”><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:USD</..></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</..></xbrli:unitDenominator></xbrli:divide>

</xbrli:unit>

Single Fact being reported Element name comes from US GAAP taxonomy Determine element names from viewer Attributes

contextRef (points to context id for fact being reported) unitRef (points to unit id for fact being reported) decimals

▪ Instance document fact attribute used to express the number of decimal places to which numbers have been rounded.

or precision▪ How many digits are significant

label▪ How should the element be named in report*

*When doing homework for chapter 4 use the label attribute

in thousand decimals="-3"

in million decimals="-6"

accurate value decimals="INF" or decimals="2"

percent decimals="2"

Source: http://www.xbrlwiki.info/index.php?title=Best_Practices_on_Data_Definitions

<?xml version=“1.0”?><xbrli:xbrl xmlns:...><link:schemaRef xlink:... Point to schema><xbrli:context id=.....>

<xbrli:entity><xbrli:period>

<xbrli:unit id=.....><xbrli:measure>

<us-gaap:financial statement items>....</close tags>

Source: Charlie Hoffman, http://xbrl.squarespace.com/journal/2009/6/22/xbrl-instance-graphic.html

Four Levels: As of June 2013 all companies are required to include all

4 levels Each Footnote disclosure is required to have a

contextRef for the entire reporting period (<StartDate> and <EndDate>)

Level 1▪ Block Tagging

▪ Each complete footnote along with formatting is tagged within XBRL Instance

Level 2▪ Tag each accounting policy within the Significant Accounting

Policies footnote, along with formatting Level 3

▪ Tag each table, along with its formatting Level 4

▪ Tag each monetary value, % and number in the footnotes.

<us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef="D2010Q3YTD"></us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>

The rest of the footnoteThis is what the footnote looks like

Note 3: Purchased goodwill related to the five

acquisitions which closed in the first nine months of 2010 totaled $43 million, less than $1 million of which is deductible for tax purposes. The acquisition activity in the following table also includes the impacts of contingent consideration for pre-2009 acquisitions, which increased goodwill by $1 million. The amounts in the “Translation and other” column in the following table primarily relate to changes in foreign currency exchange rates. The goodwill balance by business segment as of December 31, 2009 and September 30, 2010, follow:

Note 3: Purchased goodwill related to the five

acquisitions which closed in the first nine months of 2010 totaled $43 million, less than $1 million of which is deductible for tax purposes. The acquisition activity in the following table also includes the impacts of contingent consideration for pre-2009 acquisitions, which increased goodwill by $1 million. The amounts in the “Translation and other” column in the following table primarily relate to changes in foreign currency exchange rates. The goodwill balance by business segment as of December 31, 2009 and September 30, 2010, follow:

<us-gaap:GoodwillAcquiredDuringPeriod contextRef="D2010Q3YTD" decimals="-6" unitRef="USD">43000000</us-gaap:GoodwillAcquiredDuringPeriod>

<us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount contextRef="I2010Q3" decimals="-6" unitRef="USD">1000000</us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount>

<us-gaap:GoodwillAllocationAdjustment contextRef="D2010Q3YTD" decimals="-6" unitRef="USD">1000000</us-gaap:GoodwillAllocationAdjustment>

Goodwill table from footnote

<us-gaap:Goodwill contextRef="I2009_IndustrialAndTransportationMember" decimals="-6" unitRef="USD">1783000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2009_HealthCareMember" decimals="-6" unitRef="USD">1007000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2009_ConsumerAndOfficeMember" decimals="-6" unitRef="USD">155000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2009_DisplayAndGraphicsMember" decimals="-6" unitRef="USD">990000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2009_SafetySecurityAndProtectionServicesMember" decimals="-6" unitRef="USD">1220000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2009_ElectroAndCommunicationsMember" decimals="-6" unitRef="USD">677000000</us-gaap:Goodwill>

<mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments contextRef="D2010Q3YTD_IndustrialAndTransportationMember" decimals="-6" unitRef="USD">8000000</mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments>

<mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments contextRef="D2010Q3YTD_HealthCareMember" decimals="-6" unitRef="USD">1000000</mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments>

<mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments contextRef="D2010Q3YTD_ConsumerAndOfficeMember" decimals="-6" unitRef="USD">24000000</mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments>

<mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments contextRef="D2010Q3YTD_SafetySecurityAndProtectionServicesMember" decimals="0" unitRef="USD">11000000</mmm:GoodwillAcquiredDuringPeriodAndAllocationAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_IndustrialAndTransportationMember" decimals="-6" unitRef="USD">15000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_HealthCareMember" decimals="-6" unitRef="USD">-11000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_ConsumerAndOfficeMember" decimals="-6" unitRef="USD">6000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_DisplayAndGraphicsMember" decimals="-6" unitRef="USD">4000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_SafetySecurityAndProtectionServicesMember" decimals="-6" unitRef="USD">26000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments contextRef="D2010Q3YTD_ElectroAndCommunicationsMember" decimals="-6" unitRef="USD">-17000000</us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments>

<us-gaap:Goodwill contextRef="I2010Q3_IndustrialAndTransportationMember" decimals="-6" unitRef="USD">1806000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2010Q3_HealthCareMember" decimals="-6" unitRef="USD">997000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2010Q3_ConsumerAndOfficeMember" decimals="-6" unitRef="USD">185000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2010Q3_DisplayAndGraphicsMember" decimals="-6" unitRef="USD">994000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2010Q3_SafetySecurityAndProtectionServicesMember" decimals="-6" unitRef="USD">1257000000</us-gaap:Goodwill>

<us-gaap:Goodwill contextRef="I2010Q3_ElectroAndCommunicationsMember" decimals="-6" unitRef="USD">660000000</us-gaap:Goodwill>

SEC Requires filers to use an extension taxonomy Includes only those elements that a

company uses for their financial reporting

Naming Convention▪ Shortcompnayname:ccyy-mm-dd

Extending XBRLNew element namesEach Company has its preferred

1. Line Item Name2. Hierarchy of line items on the F/S3. Unique items that do not correspond to

an element in the taxonomy Items 1 & 2 do NOT impact

comparability and reuse49

1. Follow U.S. GAAP taxonomy whenever possible

2. If you don’t see an element in the F/S section, look in the disclosures

3. If you don’t like the label, use the U.S. GAAP element anyway and add a label to the label linkbase (i.e. don’t make up elements because you don’t like the label)

4. For footnotes use proper tags for respective levels

Tutorial

Use to find element names to use for

tagging data and disclosures

There are 16,000+ elements! Financial Statement and Disclosures

In choosing an element:

Choose the element with the narrowest

definition of the fact you are reporting

If more than one element is available use

the element that is part of the financial

statement vs. a disclosure element

If using a disclosure element, use software

to move it as a financial statement line

element.

Types of elements:

Abstract – do not use as a tag in instance

Financial Reporting Concepts

For each element (not abstract items)

Labels▪ Standard▪ Documentation▪ Total

References▪ To authoritative literature

Properties▪ Element name▪ Namespace▪ Type (monetary, shares, etc.)▪ Normal Balance (debit or

credit)▪ Time (instant or period)

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