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MMM > SEC Filings for MMM > Form 8-K on 15-May-2014All Recent SEC Filings

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Form 8-K for 3M CO


15-May-2014

Other Events, Financial Statements and Exhibits


ITEM 8.01 OTHER EVENTS

This Current Report on Form 8-K updates 3M's Annual Report on Form 10-K for the year ended December 31, 2013 ("3M's 2013 Annual Report") to reflect the following:

Effective in the first quarter of 2014, 3M transferred a product line between divisions within different business segments and made other changes within business segments in its continuing effort to improve the alignment of its businesses around markets and customers.

The product move between business segments was as follows:

The movement of the Fire Protection product line from the Building and Commercial Services Division (Safety and Graphics business segment) to the Industrial Adhesives and Tapes Division (Industrial business segment). This product move resulted in an increase in net sales for total year 2013 of $73 million in the Industrial business segment offset by a corresponding decrease in the Safety and Graphics business segment.

In addition, other changes within business segments were as follows:

The combination of certain existing divisions/departments into new divisions. Within the Electronics and Energy business segment, the new divisions include the Electrical Markets Division (which now includes the former Infrastructure Protection Division), and the Electronic Solutions Division (which now includes the former 3M Touch Systems, Inc.). Within the Safety and Graphics business segment, the new Commercial Solutions Division was created from the combination of the former Architectural Markets Department, the former Building and Commercial Services Division and the former Commercial Graphics Division. None of these combinations crossed business segments.

The renaming of the former Aerospace and Aircraft Maintenance Division within the Industrial business segment to the Aerospace and Commercial Transportation Division.

The movement of certain product lines between various divisions within the same business segment.

The financial information presented herein reflects the impact of the preceding product move between business segments for all periods presented.

The preceding information is filed hereunder as Exhibit 99 which is incorporated herein by reference.

Item 9.01 of this Current Report on Form 8-K updates the information contained
in 3M's 2013 Annual Report to reflect 3M's realignment of its business segments, which were effective during the first quarter of 2014. Updates provided in this Form 8-K are contained in Part I, Item 1, "Business" and Part II, Item 8, "Financial Statements and Supplementary Data" (specifically Note 3, Goodwill and Intangible Assets, and Note 15, Business Segments). 3M also updated Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations", to reflect the impact of the business segment realignments. Information for all periods presented herein reflects the impact of these realignments.

By virtue of this Current Report, the Company will be able to incorporate the updated information by reference into future registration statements or post-effective amendments to existing registration statements. This Current Report does not update for other changes since the filing of the 2013 Annual Report (e.g. new developments in commitments and contingencies). For significant developments since the filing of the 2013 Annual Report, refer to subsequent 2014 Quarterly Reports on Form 10-Q.




ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.                                 Description

    12        Calculation of Ratio of Earnings to Fixed Charges
    23        Consent of Independent Registered Public Accounting Firm
    99        Updates, where applicable, to 3M's 2013 Annual Report on Form 10-K
              include:
              Part I, Item 1, Business
              Part I, Item 1A, Risk Factors
              Part II, Item 7, Management's Discussion and Analysis of Financial
              Condition and Results of Operations
              Part II, Item 7A, Quantitative and Qualitative Disclosures About Market
              Risk
              Part II, Item 8, Financial Statements and Supplementary Data
    101       The following financial information from 3M Company's Current Report on
              Form 8-K for the year ended December 31, 2013, filed with the SEC on
              May 15, 2014, formatted in Extensible Business Reporting Language
              (XBRL): (i) the Consolidated Statement of Income for the years ended
              December 31, 2013, 2012 and 2011, (ii) the Consolidated Statement of
              Comprehensive Income for the years ended December 31, 2013, 2012 and
              2011, (iii) the Consolidated Balance Sheet as of December 31, 2013 and
              2012, (iv) the Consolidated Statement of Changes in Equity for the
              years ended December 31, 2013, 2012 and 2011, (v) the Consolidated
              Statement of Cash Flows for the years ended December 31, 2013, 2012 and
              2011, and (vi) Notes to Consolidated Financial Statements.


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