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TableofContents
internationalpensionandotherpost-retirementbenefitplansarecalculatedonaplan-by-planbasisusingplanassetallocationsand
expectedlong-termrateofreturnassumptions.Theweightedaverageexpectedreturnfortheinternationalpensionplanis5.77%for
2016,comparedto5.90%for2015.
FortheyearendedDecember31,2015,theCompanyrecognizedtotalconsolidateddefinedbenefitpre-taxpensionand
postretirementexpense(aftersettlements,curtailments,specialterminationbenefitsandother)of$556million,upfrom
$391millionin2014.Definedbenefitpensionandpostretirementexpense(beforesettlements,curtailments,specialtermination
benefitsandother)isanticipatedtodecreasetoapproximately$236millionin2016,adecreaseof$320millioncomparedto2015.
Thetablebelowsummarizestheimpacton2016pensionexpensefortheU.S.andinternationalpensionplansofa0.25percentage
pointincrease/decreaseintheexpectedlong-termrateofreturnonplanassetsanddiscountrateassumptionsusedtomeasureplan
liabilitiesand2016netperiodicbenefitcost.Thetableassumesallotherfactorsareheldconstant,includingtheslopeofthediscount
rateyieldcurves.
Increase(Decrease)inNetPeriodicBenefitCost
DiscountRate ExpectedReturnonAssets 
(Millions)  -0.25%  +0.25%  -0.25%  +0.25% 
U.S.pensionplans $ 30  $ (29) $ 35  $ (35)
Internationalpensionplans 22  (20) 14  (14)
Asset Impairments:
AsofDecember31,2015,netproperty,plantandequipmenttotaled$8.5billionandnetidentifiableintangibleassetstotaled$2.6
billion.Managementmakesestimatesandassumptionsinpreparingtheconsolidatedfinancialstatementsforwhichactualresults
willemergeoverlongperiodsoftime.Thisincludestherecoverabilityoflong-livedassetsemployedinthebusiness,includingassets
ofacquiredbusinesses.Theseestimatesandassumptionsarecloselymonitoredbymanagementandperiodicallyadjustedas
circumstanceswarrant.Forinstance,expectedassetlivesmaybeshortenedoranimpairmentrecordedbasedonachangeinthe
expecteduseoftheassetorperformanceoftherelatedassetgroup.
3Mgoodwilltotaledapproximately$9.2billionasofDecember31,2015.3M’sannualgoodwillimpairmenttestingisperformedin
thefourthquarterofeachyear.Impairmenttestingforgoodwillisdoneatareportingunitlevel,withallgoodwillassignedtoa
reportingunit.Reportingunitsareonelevelbelowthebusinesssegmentlevel,butcanbecombinedwhenreportingunitswithinthe
samesegmenthavesimilareconomiccharacteristics.At3M,reportingunitsgenerallycorrespondtoadivision.3Mdidnotcombine
anyofitsreportingunitsforimpairmenttesting.
Animpairmentlossgenerallywouldberecognizedwhenthecarryingamountofthereportingunit’snetassetsexceedstheestimated
fairvalueofthereportingunit.Theestimatedfairvalueofareportingunitisdeterminedusingearningsforthereportingunit
multipliedbyaprice/earningsratioforcomparableindustrygroups,orbyusingadiscountedcashflowanalysis.3Mtypicallyuses
theprice/earningsratioapproachforstableandgrowingbusinessesthathavealonghistoryandtrackrecordofgeneratingpositive
operatingincomeandcashflows.3Musesthediscountedcashflowapproachforstart-up,losspositionanddecliningbusinesses,in
additiontobusinesseswheretheprice/earningsratiovaluationmethodindicatesadditionalreviewiswarranted.3Malsouses
discountedcashflowasanadditionaltoolforbusinessesthatmaybegrowingataslowerratethanplannedduetoeconomicorother
conditions.
AsdescribedinNote16,effectiveinthethirdquarterof2015,withintheHealthCarebusinesssegment,theCompanyformedthe
OralCareSolutionsDivision,whichcombinedtheformer3MESPEand3MUnitekdivisions.Foranyproductmovesthatresulted
inreportingunitchanges,theCompanyappliedtherelativefairvaluemethodtodeterminetheimpactongoodwilloftheassociated
reportingunits.Duringthethirdquarterof2015,theCompanycompleteditsassessmentofanypotentialgoodwillimpairmentfor
reportingunitsimpactedbythisnewstructureanddeterminedthatnoimpairmentexisted.Thediscussionthatfollowsrelatestothe
separatefourthquarter2015annualimpairmenttestandisinthecontextofthereportingunitstructurethatexistedatthattime.
AsofOctober1,2015,3Mhad26primaryreportingunits,withtenreportingunitsaccountingforapproximately87percentofthe
goodwill.Thesetenreportingunitswerecomprisedofthefollowingdivisions:3Mpurification(which
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