3M 2006 Annual Report Download - page 32

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qualification of additional supply sources. 3M manages commodity price risks through negotiated supply contracts,
price protection agreements and forward physical contracts.
Environmental Law Compliance
0¶VPDQXIDFWXULQJRSHUDWLRQVDUHDIIHFWHGE\QDWLRQDOVWate and local environmental laws around the world. 3M has
made, and plans to continue making, necessary expenditures foUFRPSOLDQFHZLWKDSSOLFDEOHODZV0LVDOVRLQYROYHG
in remediation actions relating to environmental matters from past operations at certain siWHVUHIHUWR³(QYLURQPHQWDO
DQG2WKHU/LDELOLWLHVDQG,QVXUDQFH5HFHLYDEOHV´LQ Note 13, Commitments and Contingencies).
(QYLURQPHQWDOH[SHQGLWXUHVUHODWLQJWRH[LVWLQJFRQGLWLRQVFDXVHGE\SDVWRSHUDWLRQVWKDWGRQRWFRQWULEXWHWRFXUUHQW
RUIXWXUHUHYHQXHVDUHH[SHQVHG5HVHUYHVIRUOLDELOLWies for anticipated remediation costs are recorded on an
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IHDVLELOLW\VWXGLHVRUWKH&RPSDQ\¶VFRPPLWPHQWWRDSODQRIDFWLRQ(QYLURQPHQWDOH[SHQGLWXUHVIRUFDSLWDOSURMHFWV
WKDWFRQWULEXWHWRFXUUHQWRUIXWXUHRSHUDWLRQVJHQHUDOO\are capitalized and depreciated over their estimated useful
lives.
,Q0H[SHQGHGDERXWPLOOLRQIRUFDSLWDOSURMHFWVUHODWHGWRSURWHFWLQJWKHHQYLURQPHQW7KHFRPSDUDEOH
DPRXQWLQZDVDERXWPLOOLRQ7KHVHDPRXQWVH[FOXGHexpenditures for remediation actions relating to
H[LVWLQJPDWWHUVFDXVHGE\SDVWRSHUDWions. Capital expenditures for environmental purposes have included pollution
FRQWUROGHYLFHV±VXFKDVZDVWHZDWHUWUHDWPHQWSODQWLPSURYHPHQWVVFUXEEHUs, containment structures, solvent
UHFRYHU\XQLWVDQGWKHUPDOR[LGL]HUV±DWQHZDQGH[LVWLQJfacilities constructed or upgraded in the normal course of
EXVLQHVV&RQVLVWHQWZLWKWKH&RPSDQ\¶VSROLFLHVVWUHVVLQJHQYLURQPHQWDOUHVSRQVLELOLW\FDSLWDOH[SHQGLWXUHVRWKHU
WKDQIRUUHPHGLDWLRQSURMHFWVIRUNQRZQSURMHFWVDUHSUHVHQWO\H[SHFWHGWREHDERXWPLOOLRQRYHUWKHQH[WWZR
\HDUVIRUQHZRUH[SDQGHGSURJUDPVWREXLOGIDFLOLWLHVRUmodify manufacturing processes to minimize waste and
reduce emissions.
While the Company cannot predict with certainty the future costs of such cleanup activities, capital expenditures or
operating costs for environmental compliancHWKH&RPSDQ\GRHVQRWEHOLHYHWKH\ will have a material effect on its
capital expenditures, earnings or competitive position.
Executive Officers
Following is a list of the executive officers of 3M, and their age, present position, the year elected to their present position
and other positions they have held during the past five years. No family relationships exist among any of the executive
officers named, nor is there any undisclosed arrangement or understanding pursuant to which any person was selected
as an officer. This information is presented asRIWKHGDWHRIWKH.ILOLQJ)HEUXDU\
Y
ear
Elected to
Present Other Positions
Name Age Present Position Position Held During 2002-2006
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