Summary
3M Company (MMM) filed an 8-K on April 20, 2007, to provide investors with supplemental unaudited historical financial information reflecting recent business segment realignments. These realignments, effective in the first quarter of 2007, required the reclassification of past sales and operating income data for the years ended December 31, 2006, 2005, and 2004. The company is providing this data to allow for a more consistent comparison of performance under the new segment structure, which will be used for future reporting starting with the Q1 2007 10-Q filing. This proactive disclosure aims to enhance transparency and aid investors in understanding the company's evolving operational structure and its impact on financial reporting.
Key Highlights
- 13M Company has realigned its business segments during the first quarter of 2007.
- 2Supplemental historical sales and operating income data for 2006, 2005, and 2004 have been provided on an annual and quarterly basis, reclassified under the new segment structure.
- 3Reclassified sales growth information for 2006 and 2005 is also furnished.
- 4The new segment structure will be the basis for future financial reporting, commencing with the Q1 2007 10-Q filing.
- 5This filing is primarily for furnishing information under Item 2.02, not for full filing under Section 18 of the Exchange Act or incorporation by reference into other SEC filings.
- 6The provided information is unaudited.