3M 2013 Annual Report Download - page 122

116
Business
Segment
Products
Business Segment Major Products
Industrial Tapes, coated, nonwoven and bonded abrasives, adhesives, advanced ceramics, sealants,
specialty materials, 3M Purification Inc. (filtration products), closure systems for personal hygiene
products, acoustic systems products, automotive components, abrasion-resistant films, structural
adhesives and paint finishing and detailing products
Safety and Graphics Personal protection products, traffic safety and security products, commercial graphics
systems, commercial cleaning and protection products, floor matting, and roofing granules for
asphalt shingles
Electronics and Energy Optical films solutions for electronic displays, packaging and interconnection devices,
insulating and splicing solutions for the electronics, telecommunications and electrical
industries, touch screens and touch monitors, renewable energy component solutions, and
infrastructure protection products
Health Care Medical and surgical supplies, skin health and infection prevention products, drug delivery
systems, dental and orthodontic products, health information systems and food safety
products
Consumer Sponges, scouring pads, high-
performance cloths, consumer and office tapes, repositionable
notes, indexing systems, construction and home improvement products, home care products,
protective material products, and consumer and office tapes and adhesives
Business
Segment
Information
Net Sales Operating Income
(Millions) 2013 2012 2011 2013 2012 2011
Industrial
$
10,584
$ 9,943 $ 9,629
$
2,296
$ 2,236 $ 1,983
Safety and Graphics
5,657
5,471 5,458
1,239
1,217 1,237
Electronics and Energy
5,393
5,458 5,732
954
1,026 1,140
Health Care
5,334
5,138 5,011
1,672
1,641 1,484
Consumer
4,435
4,386 4,230
945
943 855
Corporate and Unallocated
8
4 9
(322)
(471) (420)
Elimination of Dual Credit
(540)
(496) (458)
(118)
(109) (101)
Total Company
$
30,871
$ 29,904 $ 29,611
$
6,666
$ 6,483 $ 6,178
Assets Depreciation & Amortization Capital Expenditures
(Millions) 2013 2012 2011 2013 2012 2011 2013 2012 2011
Industrial
$
8,803
$ 8,587 $ 7,553
$
372
$ 323 $ 337
$
510
$ 415 $ 383
Safety and Graphics
5,153
5,111 4,975
256
238 251
209
190 204
Electronics and Energy
5,336
5,512 5,296
260
266 255
261
350 274
Health Care
4,329
4,296 4,190
171
169 199
120
113 159
Consumer
2,516
2,445 2,423
106
110 102
128
105 98
Corporate and Unallocated
7,413
7,925 7,179
206
182 92
437
311 261
Total Company
$
33,550
$ 33,876 $ 31,616
$
1,371
$ 1,288 $ 1,236
$
1,665
$ 1,484 $ 1,379
Corporate and unallocated operating income includes a variety of miscellaneous items, such as corporate investment
gains and losses, certain derivative gains and losses, certain insurance-related gains and losses, certain litigation and
environmental expenses, corporate restructuring charges and certain under- or over-absorbed costs (e.g. pension, stock-
based compensation) that the Company may choose not to allocate directly to its business segments. Because this
category includes a variety of miscellaneous items, it is subject to fluctuation on a quarterly and annual basis.
3M business segment reporting measures include dual credit to business segments for certain U.S. sales and related
operating income. Management evaluates each of its five operating business segments based on net sales and operating
income performance, including dual credit U.S. reporting to further incentivize U.S. sales growth. As a result, 3M provides
additional (“dual”) credit to those business segments selling products in the U.S. to an external customer when that
segment is not the primary seller of the product. For example, certain respirators are primarily sold by the Personal Safety
Division within the Safety and Graphics business segment; however, the Industrial business segment also sells this
product to certain customers in its U.S. markets. In this example, the non-primary selling segment (Industrial) would also