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61
shares via the tender and previous open market share purchases. The purchase price paid in the preceding table includes
non-cash consideration of $10 million representing the business acquisition date fair value of shares previously owned by
3M as of December 31, 2010 and cash consideration paid, net of cash acquired, of $293 million for subsequently
tendered and open market purchased shares through the business acquisition date. Following the business acquisition
date, 3M purchased the remaining outstanding shares of its consolidated Winterthur subsidiary, increasing 3M’s
ownership interest to 100 percent as of December 31, 2011 as discussed in Note 5.
(5) In April 2011, 3M (Electronics and Energy Business) purchased all of the outstanding shares of AP&T Co. Ltd., based
in Korea, which provides advanced sputtering and plating services, materials and manufacturing capabilities for flexible
circuits for the mobile hand-held, touch-screen panel and display markets.
(6) In April 2011, 3M (Safety and Graphics Business) purchased all of the outstanding shares of Original Wraps Inc., a
company specializing in the creative business development, technology and design of personalization platforms for
vehicles and vehicle accessories, which is based in Golden, Colorado.
(7) In July 2011, 3M (Industrial Business) purchased all of the outstanding shares of Advanced Chemistry & Technology
Inc., a manufacturer of quick-cure, light-weight polysulfide sealants for aerospace applications, which is based in Garden
Grove, California.
(8) In July 2011, 3M (Industrial Business) purchased certain assets of Piranha Plastics LLC, based in Santa Clara,
California, which provides plastic molding and paint solutions to the automotive aftermarket.
(9) In October 2011, 3M (Consumer Business) acquired the do-it-yourself and professional business of GPI Group. GPI,
headquartered in France, is a manufacturer and marketer of home improvement products such as tapes, hooks,
insulation, and floor protection products and accessories.
Purchased identifiable finite-lived intangible assets related to acquisition activity in 2011 totaled $342 million. The
associated finite-lived intangible assets acquired in 2011 will be amortized generally on a straight-line basis over a
weighted-average life of 14 years (lives ranging from three to 20 years). Acquired identifiable intangible assets for which
significant assumed renewals or extensions of underlying arrangements impacted the determination of their useful lives
were not material.