3M recently reported first-quarter sales were $7.7 billion, up 3.7% year-on-year in dollar terms. In addition, organic local-currency sales increased 4.6%.
Operating income was reported to be $1.8 billion, and operating income margins for the quarter at 23.1%, down 1 percentage point year-on-year. This result includes an incremental $136 million of strategic investments in growth, productivity and portfolio actions.