Wiki source code of 3M Company

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5 = Summary =
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7 * 3M is a diversified technology company.
8 * The company has a global presence in four businesses: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
9 * The company owns 51 technology platforms, which range from adhesives and abrasives to ceramics and nanotechnology
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13 [[image:3M0.png||height="254" width="720"]]
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16 3M (NYSE: MMM) is a diversified technology company. The company has a global presence in four businesses: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
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19 = Recent Developments =
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21 **3M recognized as Top 100 Global Innovator 2023**{{footnote}}https://news.3m.com/2023-02-16-3M-recognized-as-Top-100-Global-Innovator-2023{{/footnote}}
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23 Feb. 16, 2023; 3M has been named a Top 100 Global Innovators™ 2023. The annual list from Clarivate™, a global leader in connecting people and organizations to intelligence they can trust to transform their world, identifies organizations at the pinnacle of the global innovation landscape by measuring excellence focused on exceptional consistency and scale in innovativeness. 3M is one of 19 companies globally that have been included every year since the list's inception in 2012.
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26 **3M to partner with U.S. federal government on traffic safety**{{footnote}}https://news.3m.com/2023-02-15-3M-to-partner-with-U-S-federal-government-on-national-strategy-to-curb-traffic-related-deaths,-offering-80-years-of-science-in-traffic-safety{{/footnote}}
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28 Feb. 15, 2023; The U.S. Department of Transportation (U.S. DOT) recently named 3M a primary stakeholder in a campaign to accelerate the National Roadway Safety Strategy (NRSS), a comprehensive approach to significantly reduce traffic-related deaths and injuries. The Call-to-Action campaign encourages existing stakeholders to redouble their efforts to promote safe roadways and inspire others to join the effort.
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31 **3M to Exit PFAS Manufacturing by the End of 2025**{{footnote}}https://news.3m.com/2022-12-20-3M-to-Exit-PFAS-Manufacturing-by-the-End-of-2025{{/footnote}}
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33 Dec. 20, 2022; 3M announced it will exit per- and polyfluoroalkyl substance (PFAS) manufacturing and work to discontinue the use of PFAS across its product portfolio by the end of 2025. 3M's decision is based on careful consideration and a thorough evaluation of the evolving external landscape, including multiple factors such as accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment and changing stakeholder expectations.
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37 [[image:3M3.webp]]
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40 == Financial Highlights ==
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42 **Full-Year 2022 Results**{{footnote}}https://news.3m.com/2023-01-24-3M-Reports-Fourth-Quarter-and-Full-Year-2022-Results{{/footnote}}
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44 Sales of $34.2 billion, down 3 percent year-on-year, which included impacts of negative 1 percent from divestitures and negative 4 percent from foreign currency translation due to strength of U.S. dollar.
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47 Organic sales growth of 1.2 percent year-on-year which included a 2.0 percentage point headwind from the decline in disposable respirator demand, along with the exit of Russia.
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50 GAAP earnings per share of $10.18, up 1 percent, while adjusted earnings per share was $10.10, down 6 percent. Earnings reflect year-on-year changes in special items, headwinds from manufacturing productivity, increased raw materials/logistics costs, investments, and negative foreign exchange impacts. Benefits to earnings included selling price actions, strong spending discipline, and lower shares outstanding.
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53 Operating cash flow was $5.6 billion, down 25 percent year-on-year, while adjusted free cash flow was $4.7 billion, down 25 percent year-on-year. The declines were primarily due to lower net income and the cash impact from capitalization of R&D for U.S. tax purposes.
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56 3M returned $4.8 billion to shareholders via dividends and gross share repurchases.
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58 Received approximately $1 billion in consideration and reduced outstanding shares by 16 million via exchange offer due to Food Safety divestiture.
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62 [[image:3M2.jpg]]
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65 = Company Overview =
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67 3M is a diversified technology company with a global presence in the following businesses: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M is among the leading manufacturers of products for many of the markets it serves. Most 3M products involve expertise in product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies.
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70 == Research & Development ==
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72 The company owns 51 technology platforms, which range from adhesives and abrasives, to ceramics and nanotechnology. The company's scientists around the world share and combine these technologies across all its businesses to invent and manufacture cutting-edge products. Roughly one-third of 3M’s sales come from products introduced in the last five years.{{footnote}}https://www.3m.com/3M/en_US/company-us/about-3m/research-development/{{/footnote}}
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75 The company invest about 5.9 percent of its sales back into the research & development. That investment helps produce more than 3,500 patents each year and a steady stream of unique products for customers.
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78 The company invests more than $2 billion in R&D annually and has been awarded over 131,000 patents over the course of its history, including 2,600 last year. Recent 3M innovations include the development of green hydrogen more cost-effective and efficient.
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82 == Brands and Products ==
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84 3M's portfolio of more than 60,000 products includes some of the world's most iconic brands, such as Post-it® Notes and Scotch® Brand Tape, as well as vital science and innovation that continuously solves its commercial and industrial customers' problems and advances products and technology worldwide.{{footnote}}https://www.3m.com/3M/en_US/company-us/our-brands/{{/footnote}}
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86 * 3M™ Aqua-Pure
87 * 3M™ Attest
88 * 3M™ Avagard
89 * 3M™ Bair Hugger
90 * 3M™ Bondo
91 * 3M™ Clarity
92 * 3M™ Clinpro
93 * 3M™ Cubitron II
94 * 3M™ DBI-SALA
95 * 3M™ Diamond Grade
96 * 3M™ DI-NOC
97 * 3M™ E-A-R
98 * 3M™ Filtek
99 * 3M™ Impregum
100 * 3M™ Novec
101 * 3M™ PELTOR
102 * 3M™ Petrifilm
103 * 3M™ PPS
104 * 3M™ Pro Grade Precision
105 * 3M™ PROTECTA
106 * 3M™ RelyX
107 * 3M™ SandBlaster
108 * 3M™ Scotchlite
109 * 3M™ Scotch-Weld
110 * 3M™ Scott
111 * 3M™ Speedglas
112 * 3M™ Tegaderm
113 * 3M™ Trizact
114 * 3M™ VHB
115 * 3M Xtract
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119 [[image:3M1.jpg]]
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122 == Company History ==
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124 3M started as a small-scale mining venture in Northern Minnesota, then named Minnesota Mining and Manufacturing Company.{{footnote}}https://www.3m.com/3M/en_US/company-us/about-3m/history/{{/footnote}}
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127 |**Year**|**Milestone**
128 |1902|Five businessmen, including John Dwan, Henry S. Bryan, William A. McGonagle, and Dr. J. Danley Budd, formed the Minnesota Mining and Manufacturing Company in Two Harbors, Minnesota, to mine a mineral deposit for grinding-wheel abrasives.
129 |1905|The company moved its headquarters to St. Paul, Minnesota, and began to focus on manufacturing sandpaper.
130 |1910|3M introduced its first waterproof sandpaper.
131 |1925|3M developed a new reflective material called Scotchlite that was used for traffic signs and later for clothing.
132 |1930s|3M began producing cellophane tape, which would later become the famous Scotch tape.
133 |1942|During World War II, 3M was a major supplier of products to the U.S. military, including adhesives, abrasives, and insulation materials.
134 |1951|3M introduced its first aerosol adhesive. 3M established its International Division companies were created in Australia, Brazil, Canada, France, Germany, Mexico and the United Kingdom.
135 |1960s|3M expanded into new markets, including medical products, magnetic tape, and video cassettes.
136 |1970s|3M introduced a number of new products, including Post-it Notes and Thinsulate insulation.
137 |1980s|3M continued to diversify its product line, acquiring companies in the office equipment, data storage, and electronic components industries.
138 |1990s|3M expanded its presence in international markets, particularly in Asia.
139 |2000s|3M continued to focus on innovation, developing new products such as multi-layer optical film and ceramic abrasives. 3M reached an innovation milestone with the issuance of its 100,000th patent.
140 |2014|3M reached an innovation milestone with the issuance of its 100,000th patent. Each year about 3,000 patents are issued to 3M worldwide, with more than 500 granted in the U.S.
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143 = References =
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145 {{putFootnotes/}}
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