66740--2/17/2009--3M_CO

related topics
{condition, economic, financial}
{product, market, service}
{cost, regulation, environmental}
{financial, litigation, operation}
{operation, international, foreign}
{acquisition, growth, future}
{cost, operation, labor}
{capital, credit, financial}
* Results are impacted by the effects of, and changes in, worldwide economic and capital markets conditions. * The Company s credit ratings are important to 3M s cost of capital. * The Company s results are affected by competitive conditions and customer preferences. * Foreign currency exchange rates and fluctuations in those rates may affect the Company s ability to realize projected growth rates in its sales and earnings. * The Company s growth objectives are largely dependent on the timing and market acceptance of its new product offerings, including its ability to continually renew its pipeline of new products and to bring those products to market. * The Company s future results are subject to fluctuations in the costs and availability of purchased components, compounds, raw materials and energy, including oil and natural gas and their derivatives, due to shortages, increased demand, supply interruptions, currency exchange risks, natural disasters and other factors. * Acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring could affect future results. * The Company s future results may be affected if the Company generates fewer productivity improvements than estimated. * The Company s future results may be affected by various legal and regulatory proceedings, including those involving product liability, antitrust, environmental or other matters.

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