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3M TO RECEIVE PAYMENT FROM PATENT LAWSUIT

 ST. PAUL, Minn., Dec. 31 /PRNewswire/ -- 3M (NYSE: MMM) said today it will receive $129 million from Johnson & Johnson (NYSE: JNJ) in settlement of a patent lawsuit involving 3M orthopedic casting materials. The amount will be reported in 3M's fourth-quarter 1992 financial results.
 3M said that most of this amount will be offset through one-time charges designed to enhance its competitiveness and productivity. These charges total about $115 million before taxes, and relate primarily to rationalization of manufacturing operations and write-downs of certain assets.
 The charges, which generally amount to $10 million or less, involve all three of the company's business sectors. About 70 percent of the total is in 3M's Information, Imaging and Electronic Sector. 3M has nearly $12 billion in total assets.
 3M said the payment and charges together will add about $9 million, or 4 cents a share, to fourth-quarter net income. In the fourth quarter of 1991, 3M earned $259 million, or $1.18 a share, on sales of $3.224 billion.
 In April 1986, 3M filed a lawsuit against Johnson & Johnson Orthopaedics for infringing 3M patents related to lightweight fiberglass casting materials, which doctors use instead of plaster to immobilize injured limbs. 3M pioneered these materials in 1980. They currently are used in a large number of casting procedures worldwide.
 On July 29, 1991, a federal district court in Minneapolis, found that Johnson and Johnson had infringed four 3M patents and awarded 3M $116 million in damages and interest.
 The Court of Appeals for the Federal Circuit, Washington, D.C., upheld the verdict on Sept. 30, 1992, and two months later denied Johnson and Johnson's petition for reconsideration and rehearing.
 The $129 million to be received by 3M settles all issues relating to the past infringement of these patents in the United States.
 -0- 12/31/92
 /CONTACT: Marcia Arko, 3M Public Relations Department, 612-733-5749/
 (MMM JNJ)


CO: 3M; Johnson & Johnson ST: Minnesota IN: SU:

KH -- MN001 -- 0829 12/31/92 08:58 EST
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Date:Dec 31, 1992
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