3M 2006 Annual Report Download - page 107

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Business Segment      Depr. Capital
Information Net Operating and Expendi-
(Millions)   Sales Income
A
ssets Amort. tures
Industrial and Transportation 2006 $ 6,754 $1,343 $ 5,487 $ 286 $ 283
2005 6,144 1,211 5,125 274 257
2004 5,711 1,050 3,626 283 249
Health Care 2006 4,011 1,845 2,477 162 159
2005 3,760 1,114 2,166 131 138
 2004 3,596 973 2,289 128 117
Display and Graphics 2006 3,765 1,062 3,015 230 326
2005 3,511 1,162 2,713 186 232
2004 3,346 1,115 2,552 174 249
Consumer and Office 2006 3,238 579 1,614 91 105
2005 3,033 561 1,520 107 97
 2004 2,901 514 1,471 116 117
Safety, Security and 2006 2,621 575 1,901 112 149
Protection Services 2005 2,292 537 1,351 113 99
 2004 2,125 465 1,317 101 99
Electro and Communications 2006 2,483 438 1,819 167 112
2005 2,333 447 1,799 145 102
 2004 2,224 316 1,857 163 95
Corporate and 2006 51 (146) 4,981 31 34
Unallocated 2005 94 (178) 5,867 30 18
 2004 108 (107) 7,611 34 11
Total Company 2006 $22,923 $5,696 $21,294 $1,079 $1,168
2005 21,167 4,854 20,541 986 943
 2004 20,011 4,326 20,723 999 937
Segment assets for the operating business segments (excluding Corporate and Unallocated) primarily include accounts
receivable; inventory; property, SODQWDQGHTXLSPHQW±QHWJRRGZLOODQGLQWDQJLEOHDVVHWVDQGRWKHUPLVFHOODQHRXV
assets. Assets included in Corporate and Unallocated principally are cash, cash equivalents and marketable securities;
insurance receivables; deferred income taxes; certain investments and other assets, including prepaid pension assets;
and certain unallocated property, plant and equipment. Corporate and unallocated assets decreased approximately $0.9
billion in 2006, primarily due to decreases in prepaid pension and postretirement benefits, partially offset by increases in
cash, cash equivalents and marketable securities. Corporate and unallocated assets decreased approximately $1.7 billion
in 2005, primarily due to decreases in cash and cash equivalents. For management reporting purposes, corporate
JRRGZLOOZKLFKDW'HFHPEHUWRWDOHGDSSUR[LPDWHO\$320 million) is not allocated to the six operating business
VHJPHQWV,Q1RWHFRUSRUDWHJRRGZLOOKDVEHHQDOORFDWHGWRthe respective market segments as required by SFAS No.
142 for impairment testing.
Corporate and Unallocated operating income principally includes corporate investment gains and losses, certain
derivative gains and losses, insurance-related gains and losses, certain litigation expenses, corporate restructuring
program charges and other miscellaneous items. Because this category includes a variety of miscellaneous items, it is
subject to fluctuation on a quarterly and annual basis.
Refer to Note 2 and Note 4 for discussion of items that significantly impact business segment reported results. The most
significant items impacting 2006 results are the net gain on sale of portions of WKHSKDUPDFHXWLFDOVEXVLQHVVZLWKLQWKH
Health Care segment) and restructuring and other actions.