On April 1, 2024, 3M completed the separation of its Health Care business, Solventum, through a pro rata distribution of shares to 3M stockholders, marking a significant strategic shift.

3M is working to discontinue the use of PFAS across its product portfolio by the end of 2025, demonstrating a commitment to addressing environmental concerns.

3M made certain changes within its business segments to improve the alignment of businesses around markets and customers, which did not change the overall composition of segments or the measure of segment operating performance.

3M undertook structural reorganization actions to reduce the size of the corporate center, simplify supply chain, and streamline its geographic footprint, impacting approximately 6,500 positions worldwide.

3M continues to manage its operations in four operating business segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer.

3M is working to discontinue the use of PFAS across its product portfolio by the end of 2025, demonstrating a commitment to addressing environmental concerns.

The company is subject to significant liabilities and legal proceedings related to PFAS, including claims, lawsuits, and government regulatory proceedings, which could materially affect its results.

The company's operations are subject to global competition and economic and geopolitical risks, including disruptions in financial markets, economic downturns, and military conflicts.

3M is exposed to risks related to the Aearo Entities and the Combat Arms Earplug Settlement, and the outcome of this settlement could materially affect the company's results.

The company's business segments operate in diverse markets with varying competitive conditions, impacting revenue and profit margins.

The company's 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 company's results are affected by competitive conditions and customer preferences, including the development and timing of the introduction of competitive products and changes in customer designs for their products.

The company is focused on improving productivity and reducing expenses through various initiatives, including workforce restructuring and supply chain simplification.

The company is investing in new business systems and solutions, including enterprise resource planning, to improve the efficiency of financial and related business processes.

3M is streamlining its geographic footprint as part of its structural reorganization actions to reduce costs and improve efficiency.

The company continues to invest in a range of R&D activities from application development, product and manufacturing support, product development and technology development aimed at disruptive innovations.

The company's growth objectives are largely dependent on the timing and market acceptance of its new product offerings.

The company is adapting to disruptive technologies, such as artificial intelligence and machine learning technologies, block-chain, expanded analytics, and other enhanced learnings from increasing volume of available data.

The company is focused on investing in its business to drive organic growth and deliver strong returns on invested capital, including research and development, capital expenditures, and commercialization capability.

The company expects to continue returning cash to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder value.

The company continues to actively manage its portfolio through acquisitions and divestitures to maximize value for shareholders.

3M is working to discontinue the use of PFAS across its product portfolio by the end of 2025, demonstrating a commitment to addressing environmental concerns.

The company's operations are subject to environmental laws and regulations, including those pertaining to air emissions, wastewater discharges, toxic or hazardous substances, and the handling and disposal of solid and hazardous wastes.

In its effort to satisfy its environmental responsibilities and comply with environmental laws and regulations, the Company has established, and periodically updates, policies relating to environmental standards of performance for its operations worldwide.

The company's operations are subject to global competition and economic and geopolitical risks that are beyond its control, such as disruptions in financial markets, economic downturns, and military conflicts.

The company's results of operations and its ability to realize projected growth rates in sales and earnings could be adversely affected if the U.S. dollar strengthens significantly against foreign currencies.

Escalation of specific trade tensions, including those between the U.S. and China, or more broadly in global trade conflict, could adversely impact the Company's business and operations around the world.