Consolidation: 3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products. All applicable subsidiaries are consolidated. All intercompany transactions are eliminated. As used herein, the term 3M or Company refers to 3M Company and subsidiaries unless the context indicates otherwise. Basis of presentation: Certain amounts in the prior years consolidated financial statements have been reclassified to conform to the current year presentation. As described in Note 19, effective in the first quarter of 2020, the Company changed its business segment reporting in its continuing effort to improve the alignment of businesses around markets and customers. Additionally, the Company consolidated the way it presents geographic area net sales by providing an aggregate Americas geographic region (combining former United States and Latin America and Canada areas). Also,
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the most volatile month for stocks historically, this september seems particularly vulnerable to wild swings given thencertainty over th economic recovery. adding the potential to the volatility this frid ay marks te end of the so-called quadruple witching period. the qarterly settlement and expiration of four different types of equity futures and option contracts. traders will be hanging on data, and depending on whether it s good or d, fasten your seat belts. this week s calendar of economic data includes retail sales due on tuesday, industrial production and capacity utilization on wednesday, the producer price index on last week s new jobless claims on thursday and then the consumer price index and consumer confidence on friday. one ssible cause for concern today, a report out of switzerland that major banks ubs and credit suisse may need more capital to comply with tighter banking regulations in europe that require banks to hold more capital and meet stricter rules on liquidity. e