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TableofContents
·Operatingincomemarginswere21.1percentcomparedto19.9percentin2014,helpedbyprioryearportfoliomanagement
actionsthatarecontributingtohigherproductivity.
·Portfoliomanagementactionsin2015relatedtorenewableenergy,plusfourthquarter2015restructuringcharges,which
combinedreducedoperatingincomemarginsby0.8percentagepoints.
Year 2014 results:
ElectronicsandEnergysalestotaled$5.6billion,up3.9percentinU.S.dollars.Organiclocal-currencysalesincreased5.2percent,
andforeigncurrencytranslationreducedsalesby1.3percent.
Onanorganiclocal-currencysalesbasis:
·Salesincreasedapproximately8percentin3M’selectronics-relatedbusinesses,withgrowthledbydisplaymaterialsand
systems.
·In3M’senergy-relatedbusinesses,organiclocal-currencysalesincreasedapproximately1percent,withgrowthinelectrical
marketsandtelecommunications,partiallyoffsetbyreductionsinrenewableenergy.
·Onageographicbasis,organiclocal-currencysalesincreased8percentinLatinAmerica/Canada,7percentinAsiaPacific,
and1percentinEMEA,whilesalesintheUnitedStateswereflat.
Operatingincome:
·Operatingincomeincreased16.8percentto$1.1billionin2014.
·Operatingincomemarginswere19.9percentcomparedto17.7percentin2013,helpedbysalesvolumeleverage.
·Inaddition,priorportfoliomanagementactionsenhanced3M’srelevancewithcustomersandgeneratedoperational
efficiencies,whichalsocontributedtotheoperatingincomemarginimprovementin2014.
Consumer Business ( 14.6 % of consolidated sales):
 2015  2014  2013
Sales(millions) $ 4,422 $ 4,523  $ 4,435 
Saleschangeanalysis:     
Organiclocalcurrency 3.4 % 3.9 % 3.0 %
Divestitures — (0.1)  (0.1)
Translation  (5.6) (1.8)  (1.8)
Totalsaleschange (2.2)% 2.0 % 1.1 %
    
Operatingincome(millions) $ 1,046 $ 995  $ 945 
Percentchange 5.2 % 5.3 % 0.2 %
Percentofsales 23.7 % 22.0 % 21.3 %
TheConsumersegmentservesmarketsthatincludeconsumerretail,officeretail,officebusinesstobusiness,homeimprovement,
drugandpharmacyretail,andothermarkets.Productsinthissegmentincludeofficesupplyproducts,stationeryproducts,
constructionandhomeimprovementproducts(do-it-yourself),homecareproducts,protectivematerialproducts,certainconsumer
retailpersonalsafetyproducts,andconsumerhealthcareproducts.
Year 2015 results:
Consumersalestotaled$4.4billion,down2.2percentinU.S.dollars.Organiclocal-currencysalesincreased3.4percent,and
foreigncurrencytranslationreducedsalesby5.6percent.
Onanorganiclocal-currencysalesbasis:
·Salesgrowthwasledbyconstructionandhomeimprovement,stationeryandofficesupplies,andhomecare.3Malso
postedpositivegrowthinitsconsumerhealthcarebusiness.
·Onageographicbasis,organiclocal-currencysalesincreased5percentintheUnitedStatesand3percentinAsiaPacific,
whilesalesinbothEMEAandLatinAmerica/Canadawereflat.
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