3M 2011 Annual Report Download - page 120

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114
NOTE 17. Business Segments
Effective in the first quarter of 2011, 3M made certain product moves between its business segments in its continuing
effort to drive growth by aligning businesses around markets and customers. There were no changes impacting
business segments related to product moves for the Display and Graphics segment or the Consumer and Office
segment. The product moves between business segments are summarized as follows:
x Certain pressure sensitive adhesives products within the Industrial Adhesives and Tapes Division and shock
absorption and vibration dampening products used in electronics within the Aerospace and Aircraft
Maintenance Department (both within the Industrial and Transportation business segment) were transferred
to the Electronic Markets Materials Division (part of the Electro and Communications business segment). In
addition, certain medical respirator products within the Infection Prevention Division (part of the Health Care
business segment) were transferred to the Occupational Health and Environmental Safety Division (within
the Safety, Security and Protection Services business segment). The preceding product moves resulted in
decreases in net sales for the total year 2010 of $152 million in the Industrial and Transportation business
segment and $8 million in the Health Care business segment. These decreases were offset by increases in
net sales for the total year 2010 of $121 million for the Electro and Communications business segment and
$8 million for the Safety, Security and Protection Services business segment along with a $31 million change
in the elimination of dual credit sales and corporate and unallocated.
3M’s businesses are organized, managed and internally grouped into segments based on differences in products,
technologies and services. 3M continues to manage its operations in six operating business segments: Industrial and
Transportation; Health Care; Consumer and Office; Safety, Security and Protection Services; Display and Graphics;
and Electro and Communications. 3M’s six business segments bring together common or related 3M technologies,
enhancing the development of innovative products and services and providing for efficient sharing of business
resources. These segments have worldwide responsibility for virtually all 3M product lines. 3M is not dependent on
any single product/service or market. Certain small businesses and lab-sponsored products, as well as various
corporate assets and expenses, are not attributed to the business segments. Transactions among reportable
segments are recorded at cost.
The financial information presented herein reflects the impact of all of the preceding segment structure changes for
all periods presented.
Business Segment Products
Business Segment Major Products
Industrial and
Transportation
Tapes, coated and nonwoven abrasives, adhesives, specialty materials, filtration
products, closure systems for personal hygiene products, acoustic systems products,
automotive components, abrasion-resistant films, structural adhesives and paint
finishing and detailing products, energy control products
Health Care
Medical and surgical supplies, skin health and infection prevention products, drug
delivery systems, dental and orthodontic products, health information systems and food
safety products
Consumer and Office
Sponges, scouring pads, high-performance cloths, consumer and office tapes,
repositionable notes, indexing systems, construction and home improvement products,
home care products, protective material products, and consumer and office tapes and
adhesives
Safety, Security and
Protection Services
Personal protection products, safety and security products, commercial cleaning and
protection products, floor matting, roofing granules for asphalt shingles, corrosion
protection products, and Track and Trace products, such as library patron self-checkout
systems
Display and Graphics
Optical films solutions for electronic displays, reflective sheeting for transportation
safety, commercial graphics systems, and mobile interactive solutions, including mobile
display technology, visual systems and computer privacy filters
Electro and
Communications
Packaging and interconnection devices, insulating and splicing solutions for the
electronics, telecommunications and electrical industries, and touch screens and touch
monitors