3M 2014 Annual Report Download - page 7

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K



ANNUAL REPORT PURSUANT TO SECTION
13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2014
Commission file number 1-3285
3M COMPANY
State of Incorporation:
Delaware
I.R.S. Employer Identification No.
41
-
0417775
Principal executive offices: 3M Center, St. Paul, Minnesota 55144
Telephone number: [phone]
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of each class
Name of each exchange
on which registered
Common Stock, Par Value $.01 Per Share New York Stock Exchange, Inc.
Chicago Stock Exchange, Inc.
Note: The common stock of the Registrant is also traded on the SWX Swiss Exchange.
Securities registered pursuant to section 12(g) of the Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes  No 2
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes 2 No 
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  No 2
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or
for such shorter period that the registrant was required to submit and post such files). Yes  No 2
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will
not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K. 
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in
Rule 12b-2 of the Exchange Act.
Large accelerated filer  Accelerated filer 2 Non-accelerated filer 2
(Do not check if a smaller
reporting company)
Smaller reporting company 2
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes 2 No 
The aggregate market value of voting stock held by nonaffiliates of the Registrant, computed by reference to the closing price
and shares outstanding, was approximately $103.0 billion as of January 31, 2015 (approximately $92.8 billion as of June 30, 2014, the
last business day of the Registrant’s most recently completed second quarter).
Shares of common stock outstanding at January 31, 2015: 634,749,706.
DOCUMENTS INCORPORATED BY REFERENCE
Parts of the Company’s definitive proxy statement (to be filed pursuant to Regulation 14A within 120 days after Registrant’s
fiscal year-end of December 31, 2014) for its annual meeting to be held on May 12, 2015, are incorporated by reference in this
Form 10-K in response to Part III, Items 10, 11, 12, 13 and 14.
11
iness of financial reporting. The Companyʼs credit
ariety of lenders. 3Mʼs ongoing transition to a mor
could impact 3Mʼs credit rating in the future. Fail
Companyʼs cost of funds and could adversely affect
* The Companyʼs results are affected by competitive conditions and customer preferences. Demand for the Companyʼs
competitive products; (ii) the Companyʼs response t
in the Companyʼs incentive programs, or the customerʼs ability to
ersʼ preferences for our products, including the su
Companyʼs products.
* Foreign currency exchange rates and fluctuations in those rates may affect the Companyʼs ability to realize projected
growth rates in its sales and earnings. Because the Companyʼs financial statements are deno
approximately two-thirds of the Companyʼs revenues panyʼs results of
* The Companyʼs growth objectives are largely dependent on the timing and market acceptance of its new product
offerings, including its ability to continually renew its pipeline of new products and to bring those products to market.
* The Companyʼs future results are subject to fluctuations in the costs and availability of purchased components,
compounds, raw materials and energy, including oil and natural gas and their derivatives, due to shortages, increased
demand, supply interruptions, currency exchange risks, natural disasters and other factors.
Companyʼs receipt of adequate supplies could have a
* Acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and
other evolving business strategies, and possible organizational restructuring could affect future results.
be affected by the Companyʼs ability to integrate a
* The Companyʼs future results may be affected if the Company generates fewer productivity improvements than
estimated.
* The Company employs information technology systems to support its business, including ongoing phased
implementation of an enterprise resource planning (ERP) system on a worldwide basis over the next several years.
Security breaches and other disruptions to the Companyʼs information technology infrastructure could interfere with the
Companyʼs operations, compromise information belonging to the Company and its customers and suppliers, and expose
the Company to liability which could adversely impact the Companyʼs business and reputation.
te our c