8-KEarnings & ResultsExhibits & Filings

3M CO 8-K Report, Financial Results (Apr 7, 2010)

Filed April 7, 2010For Securities:MMM

Summary

This 8-K filing from 3M Company, dated April 7, 2010, primarily serves to inform investors about a realignment of its business segments. The company is providing supplemental unaudited historical sales and operating income data for fiscal years 2009, 2008, and 2007, as well as quarterly data, to reflect these changes. This realignment means that future financial reporting, starting with the Q1 2010 10-Q, will use a new segment structure. Investors should note that the historical data provided is restated to align with this new structure and was not how the company previously reported its segments. This allows for a more consistent comparison of performance going forward, although the company did not operate under the new structure in the prior periods mentioned.

Key Highlights

  • 13M Company is realigning its business segments.
  • 2Supplemental historical financial data (sales and operating income) is being provided for FY 2009, 2008, and 2007, and quarterly periods.
  • 3This historical data is restated to reflect the new segment structure.
  • 4The new segment reporting structure will be effective starting with the Q1 2010 Form 10-Q filing.
  • 5The provided information is furnished under Item 2.02 and is not deemed 'filed' for Section 18 purposes.
  • 6Exhibit 99 contains the detailed supplemental historical business segment information.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide supplemental historical financial information related to a realignment of 3M's business segments. This allows investors to understand past performance under the new structure.

Yes, 3M is changing how it reports its financial results by realigning its business segments. Comparative results under the new structure will begin with the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

The supplemental unaudited historical business segment sales and operating income information covers the annual periods for the years ended December 31, 2009, 2008, and 2007, as well as quarterly data for these periods.

No, the information contained in this Current Report is furnished under Item 2.02 and is not deemed to be 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.