Understood. But it's not a sort of material headwind dialed in for Q2 or the balance of the year. You can sort of cope with it, the shortage still. Got it. That's helpful. And then really, just wanted to follow up on China, I saw that it was down low-single digits in the quarter. I'd be curious, Mike or Monish, maybe just provide how that was trending as the quarter ended and into April. Consumer did have organic growth up 3% in Q1 on top of 9% last year. And it was across all divisions. It was led by consumer health and safety also our home care and our home improvement products continue to lead the way. So we're seeing growth.

Ladies and gentlemen, thank you for standing by. Welcome to the 3M first quarter earnings conference call. [Operator instructions] As a reminder, this conference is being recorded, Tuesday, April 26, 2022. I would now like to turn the conference over to Bruce Jermeland, senior vice president of investor relations at 3M. Yes, Andrew. Our M&A strategy, an important part of capital allocation. We see it as a place we can create value. And the way we create value there is, as you're pointing at, we look at prioritizing attractive markets, higher growth markets that can leverage 3M capabilities, our technology, our manufacturing, our global reach to customers.Yeah, Andrew. I would say you highlighted a couple of those particular challenges. The supply chain more broadly is impacting all of our businesses. So we're seeing disruptions in raw materials, logistics, inflation all that's impacting broadly our portfolio. Operating margins were 21.2%, down two percentage points year on year. Operating margins were impacted by higher raw materials and logistics costs, manufacturing productivity impacts and investments in auto electrification. These year-on-year headwinds were partially offset by increases in selling price, strong spending discipline and benefits from restructuring actions. The Transportation and Electronics Business Group is focused on executing well against its strategic imperatives to build new growth platforms in high-growth segments, including automotive electrification, semiconductor, electronic materials, and graphic and architectural films. As Mike mentioned, I encourage you to read our annual Global Impact Report to be released on May 11 with more details on our priorities and progress. Now I will turn it to Monish, who will cover the details of the quarter. Monish? Despite the current environment, the Health Care Business Group is focused on delivering clinically differentiated innovative platforms that improve patient outcomes and reduce cost of care. We have been sharply focused on three key segments: wound care; healthcare IT; and biopharma filtration. These segments are well supported by key market trends, which include: increasing chronic conditions driven by an aging population; shifting of care to lowest cost setting; improving healthcare access trends; and finally, digital and connected solutions. Please turn to Slide 15.

Our next question comes from Deane Dray with RBC Capital Markets. You may proceed with your question.Turning to our Health Care business on Slide 14, which posted a first quarter organic sales increase of 4.7%, with growth across every business. Our medical solutions business increased mid-single digits organically. First quarter U.S. elective medical procedure volumes were approximately 85% to 90% of pre-COVID levels as COVID slowed the pace of procedures, particularly in January and February. So maybe help us understand kind of what's changing in Europe by region or industry in terms of demand for you? Second is the adjustment. So you can see how much you're spending on litigation and you can see the -- bring clarity to our underlying business. So, hopefully, that clarifies. Thank you, John. And I wish you all a very good morning. Please turn to Slide 9. The 3M team delivered strong execution in Q1 in a macro environment that remains extremely fluid and increasingly uncertain.

If you look at PFAS, the other one trial schedules, I would say, have been moving frequently. We we're currently scheduled for two trials this year. We have a June trial in Michigan, and then we have an October trial in Alabama. The Aqueous Film Forming Foam multi-district litigation, the first trial there is not expected until 2023. We saw declines across consumer, safety, industrial and transportation and electronics, all down mid-single digits. So that's what got you to the low single digits.Lastly, our Consumer business delivered first quarter organic growth of 3.4% versus last year, with growth across every business. Our home improvement business continued to perform well, up low single digits on top of last year's growth of over 20%. This business continued to deliver strong growth with our home improvement retail customers in our category-leading Filtrete and Command brands. Stationery and office, and home care grew low single digits organically in Q1. Maybe there's some other things we should be aware of, as we're looking over the balance of the year. At 3M, we are driven by purpose and powered by four industry-leading businesses, unique global capabilities and a highly experienced and diverse team. I am confident in our ability to grow above the macro and improve our operational performance as we move through 2022. I will now turn it over to John Banovetz. John? HOW TO USE – The 1,000-ft Roll: When anchored by the dispenser, you can pull the roll vertically towards you with both hands, then simply wrap in 360° fashion to cover your item (4-5 wraps recommended). Tear by hand then place into your box​

Operator instructions] Our first question comes from Steve Tusa with J. P. Morgan Securities. You may proceed with your question. A question for Monish, please. Just on the FX assumption for the year, 3M, historically, has been one of the few companies that actually use financial hedges on FX. Is this still in place? And there's typically a lag when you use those hedges, so -- versus what you're seeing in the spot market? Just what's -- I can see you've got that 1% to 2% in guidance, but are the hedges at play?

Questions & Answers:

Thank you, Mike. And please turn to Slide 7. As a global manufacturer, 3M has a long record of environmental stewardship. Over the last two decades, we have reduced our greenhouse gas emissions by 75%, while more than doubling our revenue. Got you. And just a follow-up question. Interesting to note that you guys continue to push into electronics. You highlighted it as one of your sort of technologies within your periodic table. Can you just maybe give a little more precision on the second quarter? And then, I mean, there's a lot of kind of moderate downward revisions to some of the assumptions. I'm just not 100% clear to me how the guide is reaffirmed, maybe you're talking about more -- you're still within the range but toward the low end? Just kind of those two factors, just to start. It is another example of how we win in the core and build for the future, creating new platforms to access emerging trends and opportunities. In this case, the connected body shop, one of 3M's digital platforms that brings together data, analytics, and material science. We continue to navigate global supply chain disruptions, which have been amplified by recent geopolitical unrest. We are doing whatever is necessary to take care of customers, while managing extended lead times and elevated inventory levels.