3M reported first-quarter 2020 results. Sales were up 2.7% year-on-year to $8.1 billion. Organic local-currency sales grew 0.3% while acquisitions, net of divestitures, increased sales by 4.2%. Foreign currency translation reduced sales by 1.8% year-on-year. The company’s operating cash flow was $1.2 billion with adjusted free cash flow of $0.9 billion contributing to adjusted free cash flow conversion of 74%. “In this unprecedented time, I could not be more proud of how our 96,000 people have...