Summary
3M Company (MMM) filed an 8-K on May 30, 2019, to provide supplemental unaudited historical financial information related to a significant realignment of its business segments. Effective in the second quarter of 2019, 3M reduced its reporting segments from five to four. This filing includes historical net sales and operating income data for the years ended December 31, 2018, 2017, and 2016, and quarterly data for the periods ending March 31, 2019, and March 31, 2018, presented under this new four-segment structure. This information is crucial for investors to understand the comparative performance of 3M's businesses under the updated reporting framework, as the company will begin reporting future results based on these new segments. The filing also includes cautionary statements regarding forward-looking information and potential risks that could impact future financial performance, ranging from macroeconomic conditions and currency fluctuations to operational execution and legal proceedings.
Key Highlights
- 13M realigned its business segments from five to four, effective in Q2 2019.
- 2The 8-K provides supplemental unaudited historical segment net sales and operating income data under the new structure.
- 3Historical data is available for fiscal years 2016, 2017, and 2018, and quarterly data for periods ending March 31, 2019, and March 31, 2018.
- 4This information allows for better historical comparability as 3M transitions to the new segment reporting.
- 5The filing includes standard forward-looking statements and risk factors that investors should consider.
- 6The information is furnished under Item 2.02 and is not deemed 'filed' for certain SEC liability purposes.