What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2023-02-08 compared with 2022-02-09 · 1 added, 3 removed, 45 unchanged (8% of the section changed)

29 unchanged sentences

The Company manages commodity price risks through negotiated supply contracts and price protection agreements.

The related mark-to-market gain or loss on qualifying hedges was included in other comprehensive income to the extent effective, and reclassified into cost of sales in the period during which the hedged transaction affected earnings.

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Value At Risk:

3 unchanged sentences

This model does not purport to represent what actually will be experienced by the Company.

In 2021, the model was expanded to cover all of 3M’s currencies and hedging activity versus previously including 3M’s nine primary currencies excluding hedges.

Prior period amounts have been updated to reflect the current period’s revised methodology.

The following table summarizes the possible adverse and positive impacts to after-tax earnings related to these exposures.

9 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.