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3M Company (96OI)

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Tuesday 06 May, 2008

3M Company

1st Quarter Results-Part 2

3M Company
05 May 2008


Part 2


                                                                      EXHIBIT 12

                          3M COMPANY AND SUBSIDIARIES



               CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                   (Millions)


                                                 Three
                                                 months
                                                 Ended
                                                 March        Year        Year        Year        Year        Year
                                                  31,
                                                  2008        2007        2006        2005        2004        2003
EARNINGS

Income before income taxes, minority            $  1,476    $  6,115    $  5,625    $  4,828    $  4,303    $  3,448
interest, and cumulative effect of
accounting change*

Add:

Interest expense                                      60         229         139         101          88         103

Interest component of the ESOP benefit                 1           5           8          10          12          14
expense

Portion of rent under operating leases                19          70          70          64          60          53
representative of the interest component

Less:
Equity in undistributed income of 20-50%               1           5           6           4           6           7
owned companies

TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES      $  1,555    $  6,414    $  5,836    $  4,999    $  4,457    $  3,611

FIXED CHARGES

Interest on debt                                      62         235         138          94          78          93

Interest component of the ESOP benefit                 1           5           8          10          12          14
expense

Portion of rent under operating leases                19          70          70          64          60          53
representative of the interest component

TOTAL FIXED CHARGES                             $     82    $    310    $    216    $    168    $    150    $    160

RATIO OF EARNINGS TO FIXED CHARGES                  19.0        20.7        27.0        29.8        29.7        22.6
--------------------

* 2007 results included pre-tax gains of $681 million, with net benefits from
gains related to the sale of businesses and a gain on sale of real estate, which
were partially offset by increases in environmental liabilities, restructuring
actions, and other exit activities. 2006 results included pre-tax gains of $523
million, with net benefits from gains related to the sale of certain portions of
3M's branded pharmaceuticals business partially offset by restructuring actions,
acquired in-process research and development expenses, settlement costs of a
previously disclosed antitrust class action, and environmental obligations
related to the pharmaceuticals business. 2003 includes a $93 million pre-tax
loss related to an adverse ruling associated with a lawsuit filed by LePage's
Inc.


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                                                                      EXHIBIT 15



Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C.  20549



Commissioners:



We are aware that our report dated May 1, 2008 on our review of interim
consolidated financial information of 3M Company and its subsidiaries for the
three-month period ended March 31, 2008 and 2007, and included in the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, is
incorporated by reference in the Company's registration statements on Form S-8
(Registration Nos. 33-14791, 33-49842, 33-58763, 33-58767, 333-26957, 333-30689,
333-30691, 333-44760, 333-44692, 333-73192, 333-101727, 333-101751, 333-109282,
333-128251 and 333-130150), and Form S-3 (Registration Nos. 33-48089, 333-42660,
333-98163, 333-109211, 333-112563 and 333-132041).


/s/ PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
Minneapolis, Minnesota
May 2, 2008


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                                                                    EXHIBIT 31.1

SARBANES-OXLEY SECTION 302 CERTIFICATION



I, George W. Buckley, certify that:

1.               I have reviewed this quarterly report on Form 10-Q of 3M
Company;

2.               Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

3.               Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Registrant as of, and for, the periods presented in this report;

4.               The Registrant's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over
financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))
for the Registrant and have:

(a)                Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the Registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

(b)               Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;

(c)                Evaluated the effectiveness of the Registrant's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d)               Disclosed in this report any change in the Registrant's
internal control over financial reporting that occurred during the Registrant's
most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case
of an annual report) that has materially affected, or is reasonably likely to
materially affect, the Registrant's internal control over financial reporting;
and

5.               The Registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the Registrant's auditors and the audit committee of the
Registrant's board of directors (or persons performing the equivalent
functions):

(a)                All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant's ability to record,
process, summarize and report financial information; and

(b)               Any fraud, whether or not material, that involves management
or other employees who have a significant role in the Registrant's internal
control over financial reporting.




/s/ George W. Buckley

George W. Buckley
Chief Executive Officer

May 2, 2008


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                                                                    EXHIBIT 31.2

SARBANES-OXLEY SECTION 302 CERTIFICATION



I, Patrick D. Campbell, certify that:

1.               I have reviewed this quarterly report on Form 10-Q of 3M
Company;

2.               Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

3.               Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Registrant as of, and for, the periods presented in this report;

4.               The Registrant's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over
financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))
for the Registrant and have:

(a)                Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the Registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

(b)               Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;

(c)                Evaluated the effectiveness of the Registrant's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d)               Disclosed in this report any change in the Registrant's
internal control over financial reporting that occurred during the Registrant's
most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case
of an annual report) that has materially affected, or is reasonably likely to
materially affect, the Registrant's internal control over financial reporting;
and

5.               The Registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the Registrant's auditors and the audit committee of the
Registrant's board of directors (or persons performing the equivalent
functions):

(a)                All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant's ability to record,
process, summarize and report financial information; and

(b)               Any fraud, whether or not material, that involves management
or other employees who have a significant role in the Registrant's internal
control over financial reporting.




/s/ Patrick D. Campbell

Patrick D. Campbell
Chief Financial Officer

May 2, 2008


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                                                                    EXHIBIT 32.1

SARBANES-OXLEY SECTION 906 CERTIFICATION



In connection with the Quarterly Report of 3M Company (the 'Company') on Form
10-Q for the period ended March 31, 2008 as filed with the Securities and
Exchange Commission on the date hereof (the 'Report'), I, George W. Buckley,
Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to my knowledge:

1.               The Report fully complies with the requirements of Section 13
(a) or 15(d) of the Securities Exchange Act of 1934; and

2.               The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.




/s/ George W. Buckley

George W. Buckley
Chief Executive Officer

May 2, 2008


--------------------------------------------------------------------------------





                                                                    EXHIBIT 32.2

SARBANES-OXLEY SECTION 906 CERTIFICATION



In connection with the Quarterly Report of 3M Company (the 'Company') on Form
10-Q for the period ended March 31, 2008 as filed with the Securities and
Exchange Commission on the date hereof (the 'Report'), I, Patrick D. Campbell,
Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to my knowledge:
1.  The Report fully complies with the requirements of Section 13(a) or 15(d) of 
    the Securities Exchange Act of 1934; and
2.  The information contained in the Report fairly presents, in all material 
    respects, the financial condition and results of operations of the Company.




/s/ Patrick D. Campbell

Patrick D. Campbell
Chief Financial Officer

May 2, 2008




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