The company reported third-quarter net income of $853 million, or $1.10 per share, versus $775 million, or $0.97 per share, in the third quarter of 2004, a per share increase of 13.4 percent. Acquisition related costs for CUNO Inc., which closed Aug. 2, were $.02 per share.

"3M employees around the world delivered an outstanding quarter," said Robert S. Morrison, 3M interim chairman and CEO. "We demonstrated once again that 3M's business model, combining innovation with operating discipline, can drive solid sales growth and consistent double-digit earnings per share increases." ..............................................

                      3M Company and Subsidiaries
                   CONSOLIDATED STATEMENT OF INCOME
                 (Millions, except per-share amounts)
                              (Unaudited)

                                  Three-months ended Nine-months ended
                                       Sept. 30          Sept. 30
                                  ------------------ -----------------
                                     2005     2004     2005     2004
                                  --------- -------- -------- --------
Net sales                           $5,382   $4,969  $15,842  $14,920
                                  --------- -------- -------- --------

Net income                            $853     $775   $2,438   $2,270
                                  ========= ======== ======== ========

Weighted average common shares
 outstanding - basic                 762.2    780.6    767.3    782.0
Earnings per share - basic           $1.12    $0.99    $3.18    $2.90
                                  ========= ======== ======== ========

Weighted average common shares
 outstanding - diluted               772.3    796.2    779.8    798.5
Earnings per share - diluted         $1.10    $0.97    $3.13    $2.84
                                  ========= ======== ======== ========

Cash dividends paid per common
 share                               $0.42    $0.36    $1.26    $1.08
                                  ========= ======== ======== ========