About 3M

3M Company (3M) operates as a diversified technology company. 3M is among the leading manufacturers of products for many of the markets it serves. Most 3M products involve expertise in product development, manufacturing and marketing. Business Segments 3M manages its operations in four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Safety and Industrial This segment’s underlying divisions/businesses include abrasives, automotive aftermarket, closure and masking systems, electrical markets, industrial adhesives and tapes, personal safety, and roofing granules. This segment’s representative revenue-generating activities, products or services include industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution and electrical original equipment manufacturers (OEMs); structural adhesives and tapes; respiratory, hearing, eye and fall protection solutions; and natural and color-coated mineral granules for shingles. This segment’s example brands/offerings include 3M Cubitron II abrasives; Scotch-Brite Abrasives; Scotch & Temflex Vinyl Tapes, Scotchkote Coatings, Dynatel locators, Scotchcast resins; collision repair and paint spray products; reclosable fasteners; tapes and label materials for durable goods; electrical infrastructure products; medium voltage cable accessories and insulation tapes; 3M VHB Bonding tapes; Scotch masking, packaging and filament tapes; disposable respirators and fall protection products; and Scotchgard Protector for shingles. This segment’s representative market trends or opportunities include personal safety, connected bodyshop, grid modernization, and robotics and automation. Transportation and Electronics This segment’s underlying divisions/businesses include advanced materials, automotive and aerospace, commercial solutions, display materials and systems, electronics materials solutions, and transportation safety. This segment’s representative revenue-generating activities, products or services include advanced ceramic solutions; attachment tapes, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. This segment’s example brands/offerings include 3M Nextel Ceramic fibers and textiles; Thinsulate Acoustic Insulation products and automotive components; 3M Novec Engineered Fluids; 3M Scotchlite graphic films, 3M Scotchcal and 3M Controltac Commercial graphics; electronic display enhancement films and optically clear adhesives; electronic interconnect products; and 3M Diamond Grade DG3 reflective sheeting for transportation safety. This segment’s representative market trends or opportunities include automotive/mobility, electronic materials, semiconductor, and graphic and architectural films. Health Care This segment’s underlying divisions/businesses include health information systems; medical solutions; oral care; separation and purification sciences; and food safety (divested in 2022). This segment’s representative revenue-generating activities, products or services include health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. This segment’s example brands/offerings include 3M 360 Encompass medical coding systems; 3M Tegaderm wound dressings, V.A.C. Therapy Systems and disposable respirators in the health care channel; 3M Filtek and 3M RelyX dental filing materials and cements; 3M Clarity aligners; and biopharma and other filtration systems, bags, capsules and components. This segment’s representative market trends or opportunities include wound care, Healthcare IT, and biopharma filtration. Consumer This segment’s underlying divisions/businesses include consumer health and safety, home care, home improvement, and stationery and office. This segment’s representative revenue-generating activities, products or services include consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging and consumer air quality solutions; and stationery products. This segment’s example brands/offerings include ACE, FUTURO and Nexcare personal health care products; Scotch-Brite cleaning supplies, sponges, brushes, and scouring pads; Scotchgard products; Scotch tapes and other products, Filtrete filters and Command adhesive products; and Post-it products. This segment’s representative market trends or opportunities include home improvement, consumer safety and well-being, package protection and shipping, and appearance auto care. Distribution 3M products are sold through numerous distribution channels, including directly to users and through numerous e-commerce and traditional wholesalers, retailers, jobbers, distributors and dealers in a wide variety of trades in many countries around the world. Government Regulation and Environmental Law Compliance The company’s business operations are subject to various governmental regulations in the U.S. and internationally, including among others, those related to product liability; antitrust; intellectual property; environmental, health, and safety; tax; the U.S. Foreign Corrupt Practices Act and other anti-bribery laws, international import and export requirements and trade sanctions compliance; regulations of the U.S. Food and Drug Administration (FDA) and similar foreign agencies, the U.S. federal healthcare program-related laws and regulations, such as the False Claims Act, anti-kickback laws, and the Sunshine Act. Research, Development and Related Expenses The company’s research, development and related expenses totaled $1.8 billion in 2023. History 3M Company was founded in 1902. The company was incorporated in 1929 under the laws of the state of Delaware.