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.