Thursday, January 25, 2018

3M Chooses to Hide From Investors the Components of Its 4Q 2017 $752 Mil of Net Income Tax Expense Caused By the Trump Tax Bill, Only Disclosing the Two Largest Items Which Are Netted in Amount But Without Disclosing the Amounts of Each ...................................................................................... 3M Cannot Say This is Not Material in Amount Since the $752 Mil Net Earnings Charge is Even Higher Than its 4Q 2017 Net Income of $525 Mil ...................................................................................... Both 3M's CFO and its CPA Firm PricewaterhouseCoopers Have Decided That It is OK For 3M to Not Be Transparent With Investors Here