Feb 26 (Reuters) - 3M Co ( MMM ) said on Wednesday it

would return at least $10 billion in cash to shareholders and

targeted an operating margin of about 25% by 2027, as the

diversified manufacturer benefits from a restructuring under its

new CEO.

Bill Brown, who succeeded Mike Roman as CEO in May, has

focused on developing new products, redirecting spending from

the company's earlier priorities of mitigating legal liabilities

and reducing supply-chain costs.

Saint Paul, Minnesota-based 3M ( MMM ) has also focused on reining

in costs and exiting less-profitable consumer product lines to

combat slowing demand as part of its restructuring efforts.

3M ( MMM ) also reaffirmed its annual forecast of organic sales

growth in the range of 2% to 3%.

The company, which will host its annual investor day later

on Wednesday, reported an operating income margin of 19.6% last

year.