3M 2004 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2004 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

71
NOTE 16. Business Segments
3M’s businesses are organized, managed and internally reported as seven segments based on differences in
products, technologies and services. These segments have worldwide responsibility for virtually all of the
Company’s product lines. 3M is not dependent on any single product or market. Transactions among reportable
segments are recorded at cost. 3M is an integrated enterprise characterized by substantial intersegment
cooperation, cost allocations and inventory transfers. Therefore, management does not represent that these
segments, if operated independently, would report the operating income and other financial information shown.
The allocations resulting from the shared utilization of assets are not necessarily indicative of the underlying
activity for segment assets, depreciation and amortization, and capital expenditures.
Business Segment Products
Business Segment Major Products
Health Care Medical and surgical supplies, skin health and
infection prevention products, pharmaceuticals,
drug delivery systems, dental and orthodontic products,
health information systems, microbiology products,
and closures for disposable diapers
Industrial Tapes, coated and nonwoven abrasives, adhesives,
specialty materials, and supply chain execution software
solutions
Display and Graphics Optical films and lens solutions for electronic displays,
touch screens and touch monitors, reflective sheeting for
transportation safety, and commercial graphics
systems
Consumer and Office Sponges, scouring pads, high performance cloths,
consumer and office tapes, repositionable notes,
carpet and fabric protectors, construction and home
improvement/home care products, visual systems and
consumer health care products
Safety, Security and
Protection Services
Personal protection products, safety and security products,
energy control products, commercial
cleaning and protection products, floor matting,
and roofing granules for asphalt shingles
Electro and Communications Packaging and interconnection devices, insulating
and splicing solutions for the electronics,
telecommunications and electrical industries
Transportation Automotive components, coated and nonwoven abrasives,
tapes, abrasion-resistant films, structural adhesives,
specialty materials for the transportation industry, and
paint finishing and detailing products