3M CO

Listed Company

MMMCIK 0000066740NYSELarge AcceleratedSurgical & Medical Instruments & ApparatusDelawareFY ends Dec 31

Period

FY 2025

Revenue

$24.95B

Net Income

$3.25B

Total Assets

$37.73B

Equity

$4.70B

Shares Out

521.57M

Op. Cash Flow

$2.31B

Business

3M CO is a diversified technology company that develops, manufactures and markets a broad range of industrial, transportation, electronics and consumer solutions. It offers products and services including adhesives, tapes, abrasives, personal safety equipment, electronic materials and assembly solutions, display films, respiratory and protective products, consumer cleaning and home care items, stationery and automotive appearance products. The company operates through three reportable segments: Safety and Industrial; Transportation and Electronics; and Consumer. 3M sells globally through direct sales, e-commerce, wholesalers, retailers, distributors, jobbers and dealers.

Summary from filing dated 2025-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	24,948	24,575	24,610	26,161	35,355
Cost of sales	14,991	14,447	14,983	15,853	18,795
Selling, general and administrative expenses	3,997	4,221	19,198	7,232	7,197
Research, development and related expenses	1,169	1,085	1,154	1,200	2,000
Loss (gain) on business divestitures	162	0	−36	−2,724	0
Total operating expenses	20,319	19,753	35,299	21,792	27,986
Operating income (loss)	4,629	4,822	−10,689	4,369	7,369
Other expense (income), net	416	3	582	165	165
Income (loss) from continuing operations before income taxes	4,213	4,819	−11,271	4,204	7,204
Provision (benefit) for income taxes	1,003	804	−2,867	188	1,285
Income (loss) from continuing operations of consolidated group	3,210	4,015	−8,404	4,016	5,919
Income from unconsolidated subsidiaries, net of taxes	52	9	18	11	10
Net income (loss) from continuing operations including noncontrolling interest	3,262	4,024	−8,386	4,027	—
Less: net income attributable to noncontrolling interest	12	15	16	14	8
Net income (loss) from continuing operations attributable to 3M	3,250	4,009	−8,402	4,013	—
Net income from discontinued operations, net of taxes	0	164	1,407	1,764	—
Net income (loss) attributable to 3M	3,250	4,173	−6,995	5,777	5,921
Weighted average 3M common shares outstanding - basic (in shares)	537	551	554	566	579
Earnings (loss) per share from continuing operations basic (in dollars per share)	6.05	7.28	−15.17	7.09	—
Earnings per share from discontinued operations basic (in dollars per share)	0	0.3	2.54	3.12	—
Earnings (loss) per share basic (in dollars per share)	6.05	7.58	−12.63	10.21	10.23
Weighted average 3M common shares outstanding - diluted (in shares)	541	552	554	568	585
Earnings (loss) per share from continuing operations diluted (in dollars per share)	6	7.26	−15.17	7.07	—
Earnings per share from discontinued operations diluted (in dollars per share)	0	0.29	2.54	3.11	—
Earnings (loss) per share diluted (in dollars per share)	6	7.55	−12.63	10.18	10.12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	5,235	5,600	5,735	3,655	4,564
Marketable securities	698	2,128	50	238	201
Accounts receivable net of allowances of $61 and $60	3,533	3,194	3,601	4,532	4,660
Finished goods	1,744	1,849	1,842	2,497	2,196
Work in process	1,126	1,051	1,242	1,606	1,577
Raw materials and supplies	791	798	860	1,269	1,212
Total inventories	3,661	3,698	3,944	5,372	4,985
Prepaids	391	493	344	435	654
Assets held for sale	46	0	2,379	—	—
Other current assets	2,823	771	326	456	339
Total current assets	16,387	15,884	16,379	14,688	15,403
Property, plant and equipment	23,922	23,406	23,494	25,998	27,213
Less: accumulated depreciation	−16,821	−16,018	−15,804	−16,820	−17,784
Property, plant and equipment net	7,101	7,388	7,690	9,178	9,429
Goodwill	6,419	6,281	6,382	6,337	13,486
Intangible assets net	1,103	1,210	1,323	4,699	5,288
Other assets	6,723	9,105	6,806	4,271	2,608
Total assets	37,733	39,868	—	46,455	47,072
Short-term borrowings and current portion of long-term debt	1,670	1,919	2,947	1,938	1,307
Accounts payable	2,702	2,660	2,776	3,183	2,994
Accrued payroll	718	712	695	692	1,020
Liabilities held for sale	55	0	1,723	—	—
Other current liabilities	4,450	5,965	6,660	3,190	3,191
Total current liabilities	9,595	11,256	15,297	9,523	9,035
Long-term debt	10,932	11,125	13,088	14,001	16,056
Pension and postretirement benefits	1,631	1,813	2,156	1,966	2,870
Other liabilities	10,828	11,780	14,021	5,615	3,403
Total liabilities	32,986	35,974	45,712	31,685	31,955
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock	9	9	9	9	9
Additional paid-in capital	7,440	7,229	6,956	6,691	6,429
Retained earnings	38,258	36,797	37,479	47,950	45,821
Treasury stock, at cost	−35,936	−34,462	−32,859	−33,255	−30,463
Accumulated other comprehensive income (loss)	−5,069	−5,731	−6,778	−6,673	−6,750
Total 3M Company shareholders equity	4,702	3,842	4,807	14,722	15,046
Noncontrolling interest	45	52	61	48	71
Total equity	4,747	3,894	4,868	14,770	15,117
Total liabilities and equity	37,733	39,868	50,580	46,455	47,072

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	1,308	1,363	1,987	1,831	1,915
Company pension and postretirement contributions	−145	−154	−152	−158	−180
Company pension and postretirement expense	272	1,035	145	178	206
Stock-based compensation expense	225	289	274	263	274
Deferred income taxes	418	321	−3,855	−663	−166
Accounts receivable	−211	114	−170	−105	−122
Inventories	139	41	567	−629	−903
Accounts payable	21	46	138	111	518
Other net	−3,145	−5,424	14,761	854	227
Net cash provided by (used in) operating activities	2,306	1,819	6,680	5,591	7,454
Purchases of property, plant and equipment (PP&E)	−910	−1,181	−1,615	−1,749	−1,603
Proceeds from sale of PP&E and other assets	95	61	119	200	51
Purchases of marketable securities and investments	−1,305	−4,153	−1,466	−1,250	−2,202
Proceeds from maturities and sale of marketable securities and investments	3,468	2,074	1,660	1,261	2,406
Proceeds from sale of businesses, net of cash sold	5	0	60	13	0
Other net	−3	−7	35	1	31
Net cash provided by (used in) investing activities	1,350	−3,206	−1,207	−1,046	−1,317
Change in short-term debt net	0	−205	205	340	−2
Repayment of debt (maturities greater than 90 days)	−1,815	−2,656	−3,086	−1,179	−1,144
Proceeds from debt (maturities greater than 90 days)	1,099	8,367	2,835	1	1
Purchases of treasury stock	−3,251	−1,801	−33	−1,464	−2,199
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans	1,562	92	264	381	639
Dividends paid to shareholders	−1,562	−1,982	−3,311	−3,369	−3,420
Cash transferred to Solventum related to separation, net	0	−621	0	0	—
Other net	−49	−96	−21	−60	−20
Net cash provided by (used in) financing activities	−4,016	1,098	−3,147	−5,350	−6,145
Effect of exchange rate changes on cash and cash equivalents	41	−44	−48	−104	−62
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale	−319	−333	2,278	—	—
Less: net increase (decrease) in cash classified within assets held for sale	46	0	0	—	—
Net increase (decrease) in cash and cash equivalents	−365	−333	2,278	−909	−70

Filings

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