1、3M 2023 Annual ReportMike Roman Chairman of the Board and Chief Executive Officer 1IntroductionIn a year full of change,our team stayed relentlessly focused on doing what 3M does best:using material science to solve customer problems and make a difference in the world.As we think about our path forw

2、ard,our purpose is unchanged:unlocking the power of people,ideas and science to reimagine whats possible.It is the reason we exist,and guides everything we do.Our vision represents where 3M is going.Our trajectory is changing as we successfully execute our strategic priorities,which is transforming

3、our future opportunity.As a result,we are introducing a new,bolder vision for 3M:making what is indispensable to empower modern life,advance human progress,and deliver a brighter future through 3M Science.This aligns with our strengths,and will propel us forward.Strong 2023 Performance2023 was a piv

4、otal year for our enterprise.We strengthened our operational performance,advanced the spin-off of our health care business,and managed risk by announcing major legal agreements.We implemented the most significant restructuring in 3M history,aggressively cut management layers and simplified our suppl

5、y chains helping us deliver robust cash flow.Our market-leading businesses introduced new innovations to empower consumers,improve patient outcomes,and reshape the future of manufacturing and transportation.We also stepped up our sustainability efforts:last year alone,3M products helped our customer

6、s avoid nearly 14 million metric tons of CO2 emissions,which is equivalent to over 3 million gas-powered cars.In last years letter,I committed to take a deeper look at everything 3M does to drive improvements.We followed through on that commitment,and exited 2023 stronger,leaner and more focused.I a