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11
Issuer Purchases of Equity Securities
Repurchases of 3M common stock are made to support the Company’s stock-based employee compensation plans
and for other corporate purposes. 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. In February 2009, 3M’s Board of
Directors extended this share repurchase authorization with no pre-established end date. In February 2011, 3M’s
Board of Directors replaced the Company’s existing repurchase program with a new repurchase program. This new
program authorizes the repurchase of up to $7.0 billion of 3M’s outstanding common stock, with no pre-established
end date.
Issuer Purchases of Equity
Securities (registered pursuant to
Section 12 of the Exchange Act)
Period
Total
Number of
Shares
Purchased (1)
Average Price
Paid per Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs (2)
Maximum
Approximate
Dollar Value
of Shares
that May
Yet Be
Purchased
under the
Plans or
Programs
(Millions)
January 1-31, 2010 ............................................
19,104
$
83.92
—
$
2,567
February 1-28, 2010 ...........................................
16,058
$
79.26
—
$
2,567
March 1-31, 2010 ...............................................
213,121
$
81.05
192,000
$
2,551
Total January 1-March 31, 2010 .....................
248,283
$
81.15
192,000
$
2,551
April 1-30, 2010 ..................................................
392,863
$
87.51
321,900
$
2,523
May 1-31, 2010 ..................................................
2,476,176
$
82.38
2,199,700
$
2,342
June 1-30, 2010 .................................................
1,885,942
$
77.16
1,884,400
$
2,197
Total April 1-June 30, 2010 ............................
4,754,981
$
80.73
4,406,000
$
2,197
July 1-31, 2010 ...................................................
76,382
$
86.34
—
$
2,197
August 1-31, 2010 ..............................................
30,592
$
86.41
—
$
2,197
September 1-30, 2010 ........................................
16,091
$
84.40
—
$
2,197
Total July 1-September 30, 2010 ................
123,065
$
86.11
—
$
2,197
October 1-31, 2010 ............................................
153,840
$
85.40
127,500
$
2,186
November 1-30, 2010 .........................................
2,692,245
$
85.00
2,675,000
$
1,959
December 1-31, 2010 .........................................
2,600,252
$
85.90
2,514,600
$
1,743
Total October 1-December 31, 2010 ..............
5,446,337
$
85.44
5,317,100
$
1,743
Total January 1-December 31, 2010 ..................
10,572,666
$
83.23
9,915,100
$
1,743
(1) The total number of shares purchased includes: (i) shares purchased under the Board’s authorizations
described above, and (ii) shares purchased in connection with the exercise of stock options.
(2) The total number of shares purchased as part of publicly announced plans or programs includes shares
purchased under the Board’s authorizations described above.