3M Co said on Tuesday the industrial giant plans to spin off its healthcare business. The diversified manufacturer reported a fall in quarterly adjusted profit as COVID-19 lockdowns in China impacted the company's manufacturing operations in the country. 3M's adjusted profit fell to $2.48 per share in the second quarter from $2.75 per share a year earlier. (Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli)