This is a follow up question from my professor.Your 3M example is great. But it deals with cash flows specifically revenue.

This is a follow up question from my professor...Your 3M example is great. But it deals with cash flows specifically revenue. If the subsidiaries in the areas you list hold fixed assets and long term liabilities how should they value them? Assume that a 3M sub in Malaysia issued a 10 year bond six years ago for 100,000,000 ringgit (MYR) at an rate of $0.35. Thus the initial debt was valued at $35M. Now the MYR is $0.25. So the debt's real value is $25M. How should 3M handle this?