UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): April 23, 2015
 
3M COMPANY
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)

File No. 1-3285	 	41-0417775	
(Commission File Number)	 	(IRS Employer Identification No.)	

3M Center, St. Paul, Minnesota	 	55144-1000	
(Address of Principal Executive Offices)	 	(Zip Code)	
 
(651) 733-1110
(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
 
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
Item 2.02.  Results of Operations and Financial Condition
 
On April 23, 2015, 3M Company issued a press release reporting first-quarter 2015 results and updating its 2015 financial expectations (attached hereunder as Exhibit 99 and incorporated herein by reference).
 
Item 9.01.  Financial Statements and Exhibits
 
(d) Exhibits

Exhibit Number	 	Description	
 	 	 	
99	 	Press Release, dated as of April 23, 2015, of 3M Company (furnished pursuant to Item 2.02 hereof)	

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 	3M COMPANY	
 	 	
 	By:	/s/ Gregg M. Larson	
 	 	Gregg M. Larson,	
 	 	Deputy General Counsel and Secretary	
 
Dated: April 23, 2015

 
Exhibit 99
 
FOR IMMEDIATE RELEASE
 
3M Announces First-Quarter Results;
Company Posts Sales of $7.6 Billion and Earnings of $1.85 per Share
 
First-Quarter Highlights:
 
–                  Organic local-currency sales growth of 3.3 percent
–                  Positive organic local-currency growth in all business groups and geographic areas
–                  Operating income margins of 22.8 percent, up 0.9 percentage points year-on-year
–                  Returned $1.5 billion to shareholders via dividends and gross share repurchases
–                  Increased first-quarter per-share dividend by 20 percent
–                  Announced acquisition of Polypore’s Separations Media business for $1.0 billion
 
ST. PAUL, Minn. — April 23, 2015 - 3M (NYSE: MMM) today reported first-quarter earnings of $1.85 per share, an increase of 3.4 percent versus the first quarter of 2014. Sales declined 3.2 percent year-on-year to $7.6 billion. Organic local-currency sales grew 3.3 percent and foreign currency translation reduced sales by 6.5 percent year-on-year.
 
Operating income was $1.7 billion and operating income margins for the quarter were 22.8 percent, up 0.9 percentage points year-on-year. First-quarter net income was $1.2 billion and the company converted 66 percent of net income to free cash flow.
 
3M paid $652 million in cash dividends to shareholders as the company increased its first-quarter per-share dividend by 20 percent. Also, the company repurchased $886 million of its own shares during the quarter.
 
Organic local-currency sales growth was 5.8 percent in Electronics and Energy, 4.1 percent in Safety and Graphics, 3.0 percent in Health Care, 2.7 percent in Industrial and 2.1 percent in Consumer. On a geographic basis, organic local-currency sales grew 5.6 percent in Asia Pacific, 3.6 percent in Latin America/Canada, 3.1 percent in the U.S. and 0.3 percent in EMEA (Europe, Middle East and Africa).
 
“We are executing well against a more challenging economic backdrop in early 2015,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “The stronger U.S. dollar negatively impacted sales and earnings in the first quarter, and global economic growth was mixed. Despite these near-term challenges, we grew organically in all business groups and all geographic areas, and expanded operating margins by nearly a full percentage point.”
 
Thulin continued, “We also continue to invest for long-term success through research and development, commercialization and acquisitions. In February, we announced plans to acquire Polypore’s Separations Media business for $1.0 billion, which will enhance our existing filtration platform and help generate new growth opportunities across the company.”
 
The company noted that foreign currency impacts reduced first-quarter pre-tax earnings by approximately $90 million or the equivalent of $0.10 per share. For 2015 in total, 3M now expects foreign currency impacts to reduce earnings by $0.35 to $0.40 per share versus a prior expectation of negative $0.20 per share.

 
In light of the stronger U.S. dollar, 3M updated its 2015 financial expectations. The company now expects earnings to be in the range of $7.80 to $8.10 per share versus $8.00 to $8.30 per share previously. Foreign currency translation is expected to reduce 2015 sales by 6 to 7 percent versus a previous expected reduction of 4 to 5 percent. 3M also estimates its full-year tax rate will be in the range of 28.5 to 29.5 percent versus a previous forecast of 28 to 29 percent.
 
For the full year, 3M maintained its forecast for organic local-currency sales growth in the range of 3 to 6 percent. The company also affirmed its expectation of 90 to 100 percent free cash flow conversion.
 
First-Quarter Business Group Discussion
 
Industrial
·                   Sales of $2.7 billion, down 4.3 percent in U.S. dollars. Organic local-currency sales increased 2.7 percent and foreign currency translation reduced sales by 7.0 percent.
·                   On an organic local-currency basis:
·                   Sales growth was led by aerospace and commercial transportation, automotive OEM and 3M Purification.
·                   Sales increased in Latin America/Canada, the U.S. and Asia Pacific; EMEA sales were flat.
·                   Operating income was $598 million, down 3.3 percent year-on-year; operating margin of 22.5 percent.
 
Safety and Graphics
·                   Sales of $1.4 billion, down 3.6 percent in U.S. dollars. Organic local-currency sales increased 4.1 percent and foreign currency translation reduced sales by 7.7 percent.
·                   On an organic local-currency basis:
·                   Sales grew in personal safety, commercial solutions, and traffic safety and security; roofing granules declined year-on-year.
·                   Sales grew across all major geographies led by Asia Pacific, Latin America/Canada and the U.S.
·                   Operating income was $335 million, an increase of 5.3 percent year-on-year; operating margin of 24.4 percent.
 
Health Care
·                   Sales of $1.3 billion, down 3.3 percent in U.S. dollars. Organic local-currency sales increased 3.0 percent, acquisitions increased sales by 0.7 percent and foreign currency translation reduced sales by 7.0 percent.
·                   On an organic local-currency basis:
·                   Sales growth was positive in food safety, critical and chronic care, health information systems, infection prevention and oral care; drug delivery systems declined year-on-year.
·                   Sales increased in Asia Pacific, Latin America/Canada and the U.S.; EMEA sales declined year-on-year.
·                   Operating income was $408 million, a decline of 4.3 percent year-on-year; operating margin of 30.7 percent.

 
Electronics and Energy
·                   Sales of $1.3 billion, up 0.8 percent in U.S. dollars. Organic local-currency sales increased 5.8 percent, divestitures reduced sales by 0.9 percent and foreign currency translation reduced sales by 4.1 percent.
·                   On an organic local-currency basis:
·                   Electronics-related sales increased 12 percent with strong growth in both electronics materials solutions, and display materials and systems; energy-related sales declined 3 percent, with electrical markets flat while telecom and renewable energy both declined.
·                   Sales grew in all major geographies led by Asia Pacific, EMEA and Latin America/Canada.
·                   Operating income was $283 million, up 24.3 percent year-on-year; operating margin of 21.4 percent.
 
Consumer
·                   Sales of $1.0 billion, down 2.9 percent in U.S. dollars. Organic local-currency sales increased 2.1 percent and foreign currency translation reduced sales by 5.0 percent.
·                   On an organic local-currency basis:
·                   Sales grew in all businesses led by DIY and home care.
·                   Sales increased in the U.S. and Asia Pacific; EMEA and Latin America/Canada sales declined slightly year-on-year.
·                   Operating income was $240 million, up 5.2 percent year-on-year; operating margin of 22.9 percent.
 
3M will conduct an investor teleconference at 9:00 a.m. EDT (8:00 a.m. CDT) today. Investors can access this conference via the following:
·                Live webcast at http://investors.3M.com.
·                Live telephone:
Call 800-762-2596 within the U.S. or +1 212-231-2916 outside the U.S. Please join the call at least 10 minutes before the start time.
·                Webcast replay:
Go to 3M’s Investor Relations website at http://investors.3M.com and click on “Quarterly Earnings.”
·                Telephone replay:
·                Call 800-633-8284 within the U.S. or +1 402-977-9140 outside the U.S. (for both U.S. and outside the U.S. access code is 21735067). The telephone replay will be available until 10:30 a.m. CDT on April 28, 2015.
 
Forward-Looking Statements
This news release contains forward-looking information about 3M’s financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as “anticipate,” “estimate,” “expect,” “aim,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “target,” “forecast” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic and capital markets conditions and other factors beyond the Company’s control, including natural and other disasters affecting the operations of the Company or its customers and suppliers; (2) the Company’s credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those

 
rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company’s information technology infrastructure; and (10) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Annual Report under “Cautionary Note Concerning Factors That May Affect Future Results” and “Risk Factors” in Part I, Items 1 and 1A. The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

 
3M Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
(Millions, except per-share amounts)
(Unaudited)

 	 	Three-months ended	 	
 	 	March 31,	 	
 	 	2015	 	2014	 	
 	 	 	 	 	 	
Net sales	 	$	7,578	 	$	7,831	 	
 	 	 	 	 	 	
Operating expenses	 	 	 	 	 	
Cost of sales	 	3,821	 	4,031	 	
Selling, general and administrative expenses	 	1,564	 	1,632	 	
Research, development and related expenses	 	463	 	452	 	
 	 	 	 	 	 	
Total operating expenses	 	5,848	 	6,115	 	
 	 	 	 	 	 	
Operating income	 	1,730	 	1,716	 	
 	 	 	 	 	 	
Interest expense and income	 	 	 	 	 	
Interest expense	 	31	 	37	 	
Interest income	 	(4	)	(9	)	
 	 	 	 	 	 	
Total interest expense – net	 	27	 	28	 	
 	 	 	 	 	 	
Income before income taxes	 	1,703	 	1,688	 	
 	 	 	 	 	 	
Provision for income taxes	 	502	 	463	 	
 	 	 	 	 	 	
Net income including noncontrolling interest	 	$	1,201	 	$	1,225	 	
 	 	 	 	 	 	
Less: Net income attributable to noncontrolling interest	 	2	 	18	 	
 	 	 	 	 	 	
Net income attributable to 3M	 	$	1,199	 	$	1,207	 	
 	 	 	 	 	 	
Weighted average 3M common shares outstanding – basic	 	636.2	 	661.5	 	
Earnings per share attributable to 3M common shareholders – basic	 	$	1.88	 	$	1.83	 	
 	 	 	 	 	 	
Weighted average 3M common shares outstanding – diluted	 	649.2	 	674.5	 	
Earnings per share attributable to 3M common shareholders – diluted	 	$	1.85	 	$	1.79	 	
 	 	 	 	 	 	
Cash dividends paid per 3M common share	 	$	1.025	 	$	0.855	 	

 
3M Company and Subsidiaries
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in millions)
(Unaudited)

 	 	Mar. 31,	 	Dec. 31,	 	Mar. 31,	 	
 	 	2015	 	2014	 	2014	 	
ASSETS	 	 	 	 	 	 	 	
Current assets	 	 	 	 	 	 	 	
Cash and cash equivalents	 	$	1,791	 	$	1,897	 	$	1,954	 	
Marketable securities – current	 	1,018	 	626	 	860	 	
Accounts receivable – net	 	4,408	 	4,238	 	4,598	 	
Inventories	 	3,704	 	3,706	 	3,972	 	
Other current assets	 	1,597	 	1,298	 	1,378	 	
Total current assets	 	12,518	 	11,765	 	12,762	 	
Marketable securities – non-current	 	13	 	828	 	1,360	 	
Investments	 	102	 	102	 	120	 	
Property, plant and equipment – net	 	8,286	 	8,489	 	8,630	 	
Goodwill and intangible assets – net	 	8,330	 	8,485	 	8,988	 	
Prepaid pension benefits (b)	 	56	 	46	 	624	 	
Other assets (b)	 	1,338	 	1,554	 	1,063	 	
Total assets	 	$	30,643	 	$	31,269	 	$	33,547	 	
 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 	 	 	 	 	 	 	
Current liabilities	 	 	 	 	 	 	 	
Short-term borrowings and current portion of long-term debt	 	$	132	 	$	106	 	$	2,176	 	
Accounts payable	 	1,801	 	1,807	 	1,866	 	
Accrued payroll	 	446	 	732	 	491	 	
Accrued income taxes	 	464	 	435	 	481	 	
Other current liabilities (a)	 	2,239	 	2,918	 	2,436	 	
Total current liabilities	 	5,082	 	5,998	 	7,450	 	
Long-term debt	 	6,459	 	6,731	 	4,401	 	
Pension and postretirement benefits (b)	 	3,764	 	3,843	 	1,809	 	
Other liabilities	 	1,386	 	1,555	 	1,963	 	
Total liabilities	 	$	16,691	 	$	18,127	 	$	15,623	 	
 	 	 	 	 	 	 	 	
Total equity (a)(b)	 	$	13,952	 	$	13,142	 	$	17,924	 	
Shares outstanding	 	 	 	 	 	 	 	
March 31, 2015: 634,340,975 shares	 	 	 	 	 	 	 	
December 31, 2014: 635,134,594 shares	 	 	 	 	 	 	 	
March 31, 2014: 654,278,447 shares	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	30,643	 	$	31,269	 	$	33,547	 	

(a)          In December 2014, 3M’s Board of Directors declared a first-quarter 2015 dividend of $1.025 per share (paid in March 2015). This reduced 3M’s stockholders equity and increased other current liabilities as of December 31, 2014, by approximately $0.6 billion.
 
(b)          The changes in 3M’s defined benefit pension and postretirement plans’ funded status, which is required to be measured as of each year-end, significantly impacted several balance sheet amounts. In the fourth quarter of 2014, these required annual measurements decreased prepaid pension benefits by $0.7 billion, increased deferred taxes within other assets by $0.8 billion, increased pension and postretirement benefits’ long-term liabilities by $1.9 billion, and decreased stockholders’ equity by $1.8 billion. Other pension and postretirement changes during the year, such as contributions and amortization, also impacted these balance sheet amounts.

 

3M Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Dollars in millions)
(Unaudited)

 	 	Three-months ended	 	
 	 	March 31,	 	
 	 	2015	 	2014	 	
NET CASH PROVIDED BY OPERATING ACTIVITIES	 	$	1,080	 	$	1,092	 	
 	 	 	 	 	 	
Cash flows from investing activities:	 	 	 	 	 	
Purchases of property, plant and equipment	 	(291	)	(293	)	
Acquisitions, net of cash acquired	 	(150	)	—	 	
Purchases and proceeds from sale or maturities of marketable securities and investments – net	 	414	 	(2	)	
Other investing activities	 	27	 	8	 	
 	 	 	 	 	 	
NET CASH USED IN INVESTING ACTIVITIES	 	—	 	(287	)	
 	 	 	 	 	 	
Cash flows from financing activities:	 	 	 	 	 	
Change in debt	 	(4	)	574	 	
Purchases of treasury stock	 	(886	)	(1,708	)	
Proceeds from issuances of treasury stock pursuant to stock option and benefit plans	 	309	 	267	 	
Dividends paid to shareholders	 	(652	)	(566	)	
Other financing activities	 	79	 	34	 	
 	 	 	 	 	 	
NET CASH USED IN FINANCING ACTIVITIES	 	(1,154	)	(1,399	)	
 	 	 	 	 	 	
Effect of exchange rate changes on cash and cash equivalents	 	(32	)	(33	)	
 	 	 	 	 	 	
Net increase (decrease) in cash and cash equivalents	 	(106	)	(627	)	
Cash and cash equivalents at beginning of year	 	1,897	 	2,581	 	
 	 	 	 	 	 	
Cash and cash equivalents at end of period	 	$	1,791	 	$	1,954	 	

 
3M Company and Subsidiaries
SUPPLEMENTAL FINANCIAL INFORMATION
NON-GAAP MEASURES
(Dollars in millions)
(Unaudited)

 	 	Three-months ended	 	
 	 	March 31,	 	
Free Cash Flow	 	2015	 	2014	 	
 	 	 	 	 	 	
Net cash provided by operating activities	 	$	1,080	 	$	1,092	 	
Purchases of property, plant and equipment	 	(291	)	(293	)	
 	 	 	 	 	 	
Free Cash Flow (c)	 	$	789	 	$	799	 	
 	 	 	 	 	 	
Free Cash Flow Conversion (c)	 	66	%	66	%	

(c)                Free cash flow and free cash flow conversion are not defined under U.S. generally accepted accounting principles (GAAP). Therefore, they should not be considered a substitute for income or cash flow data prepared in accordance with U.S. GAAP and may not be comparable to similarly titled measures used by other companies. The Company defines free cash flow as net cash provided by operating activities less purchases of property, plant and equipment. It should not be inferred that the entire free cash flow amount is available for discretionary expenditures. The Company defines free cash flow conversion as free cash flow divided by net income attributable to 3M. The Company believes free cash flow and free cash flow conversion are useful measures of performance and uses these measures as an indication of the strength of the company and its ability to generate cash.

 	 	March 31,	 	December 31,	 	March 31,	 	
Net Debt	 	2015	 	2014	 	2014	 	
 	 	 	 	 	 	 	 	
Total Debt	 	$	6,591	 	$	6,837	 	$	6,577	 	
Less: Cash and Cash Equivalents and Marketable Securities	 	2,822	 	3,351	 	4,174	 	
 	 	 	 	 	 	 	 	
Net Debt (d)	 	$	3,769	 	$	3,486	 	$	2,403	 	

(d)               The Company defines net debt as total debt less the total of cash, cash equivalents and current and long-term marketable securities. 3M considers net debt and its components to be an important indicator of liquidity and a guiding measure of capital structure strategy. Net debt is not defined under U.S. GAAP and may not be computed the same as similarly titled measures used by other companies.

 	 	March 31,	 	December 31,	 	March 31,	 	
Working Capital Index	 	2015	 	2014	 	2014	 	
Net Working Capital Turns (e)	 	4.8	 	5.0	 	4.7	 	

(e)                The Company uses various working capital measures that place emphasis and focus on certain working capital assets and liabilities. 3M’s net working capital index is defined as quarterly net sales multiplied by four, divided by ending net accounts receivable plus inventory less accounts payable. This measure is not recognized under U.S. GAAP and may not be comparable to similarly titled measures used by other companies.

 
3M Company and Subsidiaries
SALES CHANGE ANALYSIS
(Unaudited)

 	 	Three-months ended March 31, 2015	 	
 	 	 	 	 	 	Europe,	 	 	 	 	 	
 	 	 	 	 	 	Middle	 	Latin	 	 	 	
Sales Change Analysis	 	United	 	Asia-	 	East and	 	America/	 	World-	 	
By Geographic Area	 	States	 	Pacific	 	Africa	 	Canada	 	wide	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Volume – organic	 	2.5	%	5.4	%	(1.2	)%	(0.2	)%	2.3	%	
Price	 	0.6	 	0.2	 	1.5	 	3.8	 	1.0	 	
Organic local-currency sales	 	3.1	 	5.6	 	0.3	 	3.6	 	3.3	 	
Acquisitions	 	0.4	 	—	 	—	 	—	 	0.1	 	
Divestitures	 	(0.3	)	(0.1	)	—	 	(0.1	)	(0.1	)	
Translation	 	—	 	(4.3	)	(16.2	)	(12.3	)	(6.5	)	
Total sales change	 	3.2	%	1.2	%	(15.9	)%	(8.8	)%	(3.2	)%	

 	 	Three-months ended March 31, 2015	 	
 	 	Organic	 	 	 	 	 	 	 	 	 	
Worldwide	 	local-	 	 	 	 	 	 	 	Total	 	
Sales Change Analysis	 	currency	 	 	 	 	 	 	 	sales	 	
By Business Segment	 	sales	 	Acquisitions	 	Divestitures	 	Translation	 	change	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Industrial	 	2.7	%	—	%	—	%	(7.0	)%	(4.3	)%	
Safety and Graphics	 	4.1	%	—	%	—	%	(7.7	)%	(3.6	)%	
Electronics and Energy	 	5.8	%	—	%	(0.9	)%	(4.1	)%	0.8	%	
Health Care	 	3.0	%	0.7	%	—	%	(7.0	)%	(3.3	)%	
Consumer	 	2.1	%	—	%	—	%	(5.0	)%	(2.9	)%	

 
3M Company and Subsidiaries
BUSINESS SEGMENTS
(Dollars in millions)
(Unaudited)

 	 	Three-months ended	 	
BUSINESS SEGMENT INFORMATION	 	March 31,	 	
NET SALES	 	2015	 	2014	 	
 	 	 	 	 	 	
Industrial	 	$	2,658	 	$	2,776	 	
Safety and Graphics	 	1,372	 	1,423	 	
Electronics and Energy	 	1,322	 	1,311	 	
Health Care	 	1,329	 	1,374	 	
Consumer	 	1,048	 	1,079	 	
Corporate and Unallocated	 	2	 	3	 	
Elimination of Dual Credit	 	(153	)	(135	)	
 	 	 	 	 	 	
Total Company	 	$	7,578	 	$	7,831	 	

 	 	Three-months ended	 	
BUSINESS SEGMENT INFORMATION	 	March 31,	 	
OPERATING INCOME	 	2015	 	2014	 	
 	 	 	 	 	 	
Industrial	 	$	598	 	$	618	 	
Safety and Graphics	 	335	 	318	 	
Electronics and Energy	 	283	 	227	 	
Health Care	 	408	 	427	 	
Consumer	 	240	 	228	 	
Corporate and Unallocated	 	(100	)	(72	)	
Elimination of Dual Credit	 	(34	)	(30	)	
 	 	 	 	 	 	
Total Company	 	$	1,730	 	$	1,716	 	

 
- 30 -
 
About 3M
 
At 3M, we apply science in collaborative ways to improve lives daily. With $32 billion in sales, our 90,000 employees connect with customers all around the world. Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNewsroom.

Investor Contacts:	 	Matt Ginter	 	Media Contact:	 	Lori Anderson	
 	 	3M	 	 	 	3M	
 	 	(651) 733-8206	 	 	 	(651) 733-0831	
 	 	 	 	 	 	 	
 	 	Bruce Jermeland	 	 	 	 	
 	 	3M	 	 	 	 	
 	 	(651) 733-1807	 	 	 	 	
 	 	 	 	 	 	 	
 	 	Mike Kronebusch	 	 	 	 	
 	 	3M	 	 	 	 	
 	 	(651) 733-1141	 	 	 	 	

From:
3M Public Relations and Corporate Communications
3M Center, Building 225-1S-15
St. Paul, MN 55144-1000