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3Mcompletedoneacquisition(TreoSolutions,LLC)during2014,theimpactofwhichontheconsolidatedbalancesheetwasnot
consideredmaterial.Separately,asdiscussedinNote6,during2014,3M(viaSumitomo3MLimited)purchasedSumitomoElectric
Industries,Ltd.’s25percentinterestin3M’sconsolidatedSumitomo3MLimitedsubsidiaryfor90billionJapaneseYen.Because
3Malreadyhadacontrollinginterestinthisconsolidatedsubsidiary,thistransactionwasseparatelyrecordedasafinancingactivity
inthestatementofcashflows.
Therewerenoacquisitionsthatclosedduring2013.
Goodwillresultingfrombusinesscombinationsislargelyattributabletotheexistingworkforceoftheacquiredbusinessesand
synergiesexpectedtoariseafter3M’sacquisitionofthesebusinesses.Proformainformationrelatedtoacquisitionswasnotincluded
becausetheimpactontheCompany’sconsolidatedresultsofoperationswasnotconsideredtobematerial.
Inadditiontobusinesscombinations,3Mperiodicallyacquirescertaintangibleand/orintangibleassetsandpurchasesinterestsin
certainenterprisesthatdonototherwisequalifyforaccountingasbusinesscombinations.Thesetransactionsarelargelyreflectedas
additionalassetpurchaseandinvestmentactivity.
2015acquisitions:
InMarch2015,3M(HealthCareBusiness)purchasedalloftheoutstandingsharesofIveraMedicalCorp.,headquarteredinSan
Diego,California.IveraMedicalCorp.isamanufacturerofhealthcareproductsthatdisinfectandprotectdevicesusedforaccess
intoapatient’sbloodstream.Inaddition,inthefirstquarterof2015,3M(IndustrialBusiness)purchasedtheremaininginterestina
formerequitymethodinvestmentforanimmaterialamount.
InAugust2015,3M(SafetyandGraphicsBusiness)acquiredalloftheoutstandingsharesofCapitalSafetyGroupS.A.R.L.,with
operatingheadquartersinBloomington,Minnesota,fromKKR&Co.L.P.for$1.7billion,netofcashacquired.Thenetassets
acquiredincludedtheassumptionof$0.8billionofdebt.CapitalSafetyisaleadingglobalprovideroffallprotectionequipment.
InAugust2015,3M(IndustrialBusiness)acquiredtheassetsandliabilitiesassociatedwithPolyporeInternational,Inc.’sSeparations
Mediabusiness,headquarteredinWuppertal,Germany,for$1.0billion.Polypore’sSeparationsMediabusinessisaleadingprovider
ofmicroporousmembranesandmodulesforfiltrationinthelifesciences,industrialandspecialtysegments.
Purchasedidentifiablefinite-livedintangibleassetsrelatedtoacquisitionactivityin2015totaled$1.0billion.Theassociatedfinite-
livedintangibleassetsacquiredin2015willbeamortizedonasystematicandrationalbasis(generallystraightline)overaweighted-
averagelifeof14years(livesrangingfromtwoto20years).Indefinite-livedintangibleassetsof$520millionrelatetocertain
tradenamesassociatedwiththeCapitalSafetyacquisitionwhichhavebeeninexistenceforover55years,haveahistoryofleading
market-sharepositions,havebeenandareintendedtobecontinuouslyrenewed,andtheassociatedproductsofwhichareexpectedto
generatecashflowsfor3Mforanindefiniteperiodoftime.Acquiredin-processresearchanddevelopmentandidentifiable
intangibleassetsforwhichsignificantassumedrenewalsorextensionsofunderlyingarrangementsimpactedthedeterminationof
theirusefulliveswerenotmaterial.
2014acquisitions:
During2014,3Mcompletedonebusinesscombination.Thepurchasepricepaidforthisbusinesscombination(netofcashacquired)
andtheimpactofothermatters(net)during2014aggregatedto$94million.
InApril2014,3M(HealthCareBusiness)purchasedalloftheoutstandingequityinterestsofTreoSolutionsLLC,headquarteredin
Troy,NewYork.TreoSolutionsLLCisaproviderofdataanalyticsandbusinessintelligencetohealthcarepayersandproviders.
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