3M CO 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. ​ 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 November 2018, 3M’s Board of Directors replaced the Company’s February 2016 repurchase program with a new repurchase program. This new program authorizes the repurchase of up to $10 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar Value of ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Shares that May ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ Yet Be Purchased ​ ​ Total Number of ​ Average Price ​ as Part of Publicly ​ under the Plans ​ ​ Shares Purchased ​ Paid per ​ Announced Plans ​ or Programs Period ​ (1) ​ Share ​ or Programs (2) ​ (Millions) January 1-31, 2020 567,358 ​ $ 175.01 567,162 ​ $ 7,973 ​ February 1-29, 2020 752,388 ​ $ 157.29 750,262 ​ $ 7,855 ​ March 1-31, 2020 723,676 ​ $ 140.55 723,676 ​ $ 7,753 ​ Total January 1-March 31, 2020 2,043,422 ​ $ 156.28 2,041,100 ​ $ 7,753 ​ April 1-30, 2020 86 ​ $ 133.13 — ​ $ 7,753 ​ May 1-31, 2020 — ​ $ — — ​ $ 7,753 ​ June 1-30, 2020 — ​ $ — — ​ $ 7,753 ​ Total April 1-June 30, 2020 86 ​ $ 114.18 — ​ $ 7,753 ​ Total January 1-June 30, 2020 ​ 2,043,508 ​ $ 156.28 ​ 2,041,100 ​ $ 7,753 ​ (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. ​ 87 Table of Contents Item 3. Defaults Upon Senior Securities. — No matters require disclosure. ​ Item 4. Mine Safety Disclosures . Pursuant to Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), the Company is required to disclose, in connection with the mines it operates, information concerning mine safety violations or other regulatory matters in its periodic reports filed with the SEC. The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Act is included in Exhibit 95 to this quarterly report. ​