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3m Center

St. Paul, MN 55144-1000

USA

Phone	888.364.3577
Fax	800.713.6329

Company Information

Company Information
Industry	Technology

# of Employees	75333

Ownership	Public Company



Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	97

Description

3M Company (3M) is a diversified technology company with a global presence in the healthcare; industrial; display and graphics; consumer and office; safety, security and protection services; electronics and elecommunications, and transportation markets. 3M manages its operations in seven operating business segments: Healthcare; Industrial; Display and Graphics; Consumer and Office; Safety, Security and Protection Services; Electro and Communications, and Transportation. Certain small businesses and staff-sponsored products are not allocated to the business segments. In February 2004, it acquired HighJump Software Inc. In March 2004, the Company acquired Hornell International, a global supplier of personal protective equipment for welding applications. In August 2004, the Company acquired New Jersey-based Info-X Inc., a provider of medical coding compliance software and data for effective management of hospital billing and compliance issues.

Operating Systems Utilized

Technology
UNIX

Top Executives

Executive Name	Title
Alvarado, Linda	Director, President And Chief Executive Officer, Alvarado Construction Inc.
Buckley, George	Chairman Of The Board, President And Chief Executive Officer
Campbell, Patrick	Senior Vice President And Chief Financial Officer
Farrell, W	Board Of Directors, Retired Chairman And CEO, Illinois Tool Works Inc.
Harlan, Joe	Executive Vice President, Electro And Communications Business
Henkel, Herbert	Board Of Directors, Chairman, President And CEO, Ingersoll-Rand Company, Lt
Kelly, Michael	Executive Vice President, Display And Graphics Business
Lobey, Jean	Executive Vice President, Safety, Security And Protection Services Business
Nozari, Moe	Executive Vice President, Consumer And Office Business
Palensky, Frederick	Executive Vice President, Research And Development
Sauer, Brad	Executive Vice President, Health Care Business
Shin, H.C.	Executive Vice President, Industrial And Transportation Business
Shin, Hak	Executive Vice President - Industrial And Transportation Business
Smyth, Margaret	Vice President, Chief Accounting Officer
Stake, James	Executive Vice President, Enterprise Services
Thulin, Inge	Executive Vice President, International Operations
Wiens, Harold	Executive Vice President, Transportation Business

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Recent Company Events

Date	Type of Event	Details
2008-01-29	Earnings/Dividends	ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today reported 2007 sales of $24.5 billion, an all-time record for the company. Sales were up 7 percent from a year ago, and up 11 percent adjusted for recently divested businesses. Net income for 2007 was $4.1 billion, or $5.60 per share, versus $3.9 billion or $5.06 per share in 2006, up 6 percent and 11 percent, respectively. Excluding special items (a-m), 2007 earnings were $4.98 per share, up 11 percent. The companys pharmaceuticals business, which was divested during the fourth quarter of 2006 and the first quarter of 2007, earned $0.23 per share in 2006. Excluding special items in both periods and excluding the 2006 earnings from the now-divested pharmaceuticals business, 2007 earnings per share increased 17 percent. The company announced record fourth-quarter sales of $6.2 billion, an increase of 7 percent. Sales rose 11 percent adjusted for divestitures, primarily the companys branded pharmaceuticals business. Fourth-quarter net income was $851 million, or $1.17 per share, versus $1.176 billion, or $1.57 per share, in the fourth quarter of 2006. These results include a net loss from special items of $12 million, or $0.02 per share, in the fourth quarter of 2007, and a net gain of $354 million, or $0.47 per share, in last years fourth quarter (items a-m). In the fourth quarter of 2006, the companys now-divested pharma business earned $0.06 per share. Excluding these pharma earnings and special items, fourth-quarter 2006 earnings were $1.04 per share. Fourth-quarter 2007 earnings excluding special items were $1.19 per share, up 14 percent. I thank the employees of 3M for their efforts in achieving record full-year sales and earnings, said George W. Buckley, 3M chairman, president and CEO. Im especially pleased that we were able to achieve these results, continue with our growth initiatives and still return $4.6 billion to our shareholders via dividends and share repurchases. Buckley continued. We made good progress on our growth plan in 2007 and we will continue this effort in 2008. By investing in our many enduring franchises, strategic acquisitions and new plants to streamline our supply chain, we are securing 3Ms future as a faster-growing and more efficient enterprise. 3M reiterated its 2008 earnings expectations. The company expects 2008 earnings to be a minimum 10 percent increase over its 2007 earnings-per-share of $4.98, which excludes special items. We will continue to balance growth and operational excellence in order to meet our commitments to our shareholders and customers around the world, stated Buckley. Executive Summary Full-year revenues of $24.5 billion, up 6.7 percent from 2006 and up 10.5 percent excluding the impact of businesses divested within the past year; fourth quarter revenues of $6.2 billion, up 7.3 percent from 2006 and up 11 percent excluding divestitures Full-year local-currency sales, including acquisitions, up 7.3 percent; fourth-quarter local currency sales up 6.3 percent, also including acquisitions Currency impacts added 3.2 percentage points to sales growth for the full-year and 4.7 points for the fourth quarter Reported full-year operating income of $6.2 billion, up 8.7 percent. Reported operating income for the quarter was $1.3 billion; excluding special items in the fourth quarter of both this year and last, operating income increased 5.2 percent; further excluding the 2006 earnings from the now-divested branded pharmaceuticals business, operating income for the quarter improved by 11 percent Full-year earnings per share of $5.60, up 10.7 percent from 2006. Reported fourth quarter earnings per share of $1.17, versus $1.57 in 2006; excluding special items in both periods, earnings per share increased by more than 8 percent; further excluding 2006 earnings of the pharmaceuticals business, per-share earnings increased 14 percent Returned a total of $4.6 billion to shareholders through cash divide

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