Summary
On March 1, 2013, 3M Company (MMM) filed an 8-K report primarily detailing a significant realignment of its business segments and geographic reporting structure. This change, effective in the first quarter of 2013, aims to better align operations with global markets and customer needs. Notably, Puerto Rico has been reclassified from the Latin America/Canada region to the United States for geographic reporting purposes. This report furnishes supplemental unaudited historical financial data for prior periods (2010-2012) to reflect these new segment and geographic structures. Investors should note that these are restated figures for comparative analysis and that 3M will begin reporting under this new structure in its first quarter 2013 Form 10-Q. The company emphasized that this information is furnished, not filed, and therefore not subject to certain SEC liabilities.
Key Highlights
- 13M Company has realigned its business segments to improve market and customer alignment.
- 2Geographic reporting has been updated, with Puerto Rico now included in the United States region.
- 3Supplemental historical financial data (2010-2012) is provided under the new segment and geographic structures.
- 4This data is furnished, not filed, meaning it's for informational purposes and not subject to Section 18 of the Exchange Act liabilities.
- 5The new reporting structure will be effective for comparative results starting with the Q1 2013 Form 10-Q filing.
- 6The changes are intended to better serve global markets and customers.
- 7The report includes unaudited historical sales and operating income information for both business segments and geographic areas.