3M 2007 Annual Report Download - page 15

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9
Item 1B. Unresolved Staff Comments.
None.
Item 2. Properties.
3M’s general offices, corporate research laboratories, and certain division laboratories are located in St. Paul, Minnesota.
In the United States, 3M has nine sales offices in eight states and operates 74 manufacturing facilities in 27 states.
Internationally, 3M has 148 sales offices. The Company operates 93 manufacturing and converting facilities in 32
countries outside the United States.
3M owns substantially all of its physical properties. 3M’s physical facilities are highly suitable for the purposes for
which they were designed. Because 3M is a global enterprise characterized by substantial intersegment cooperation,
properties are often used by multiple business segments.
Item 3. Legal Proceedings.
Discussion of legal matters is incorporated by reference from Part II, Item 8, Note 13, “Commitments and
Contingencies,” of this document, and should be considered an integral part of Part I, Item 3, “Legal Proceedings.”
Item 4. Submission of Matters to a Vote of Security Holders.
None in the quarter ended December 31, 2007.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Equity compensation plans’ information is incorporated by reference from Part III, Item 12, “Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters,” of this document, and should be considered an
integral part of Item 5. At January 31, 2008, there were approximately 121,302 shareholders of record. 3M’s stock is listed
on the New York Stock Exchange, Inc. (NYSE), the Chicago Stock Exchange, Inc., and the SWX Swiss Exchange. Cash
dividends declared and paid totaled $.48 per share for each quarter of 2007, and $.46 per share for each quarter of 2006.
Stock price comparisons follow:
Stock price comparisons (NYSE composite transactions)
(Per share amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Year
2007 High $79.88 $89.03 $93.98 $97.00 $97.00
2007 Low 72.90 75.91 83.21 78.98 72.90
2006 High $79.83 $88.35 $81.60 $81.95 $88.35
2006 Low 70.30 75.76 67.05 73.00 67.05
Issuer Purchases of Equity Securities
Repurchases of common stock are made to support the Company’s stock-based employee compensation plans and for
other corporate purposes. On February 13, 2006, the Board of Directors authorized the purchase of $2.0 billion of the
Company’s common stock between February 13, 2006 and February 28, 2007. In August 2006, 3M’s Board of Directors
authorized the repurchase of an additional $1.0 billion in share repurchases, raising the total authorization to $3.0 billion for
the period from February 13, 2006 to February 28, 2007. In February 2007, 3M’s Board of Directors authorized a two-
year share repurchase of up to $7.0 billion for the period from February 12, 2007 to February 28, 2009.