3M 2005 Annual Report Download - page 99

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73
NOTE 15. Business Segments
3M’s businesses are organized, managed and internally grouped into 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, supply chain execution software
solutions, and filtration products
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 products, home care
products, visual systems and consumer health care products
Electro and Communications Packaging and interconnection devices, insulating
and splicing solutions for the electronics, telecommunications and
electrical industries
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
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