Using 3M (stock symbol MMM) identify the Firm's foreign currency strategy and answer the following questions.
Identify how your company manages its foreign currency exposure. What strategies does it use? Explain how currency rates affect the Firm's business.
What countries other than the U.S. does your company conduct business? Give 3 examples. What percentage of revenue is derived from its operations in these foreign markets? Please also identify each country's currency and whether or not a cross rate calculation is necessary.
Why do you think the company made the decision to operate in the locales chosen?
Provide a summary of how the Firm's strategies were executed and the results in the Firm's most recent reportable quarter.