3M CO
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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FY2023 · Filed Feb 7, 2024
MMM$188.63+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
At December 31
| (Dollars in millions, except per share amount) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $5,933 | $3,655 |
| Marketable securities — current | 53 | 238 |
| Accounts receivable — net of allowances of $141 and $174 | 4,750 | 4,532 |
| Inventories | ||
| Finished goods | 2,293 | 2,497 |
| Work in process | 1,424 | 1,606 |
| Raw materials and supplies | 1,105 | 1,269 |
| Total inventories | 4,822 | 5,372 |
| Prepaids | 485 | 435 |
| Other current assets | 336 | 456 |
| Total current assets | 16,379 | 14,688 |
| Property, plant and equipment | 26,870 | 25,998 |
| Less: Accumulated depreciation | (17,711) | (16,820) |
| Property, plant and equipment — net | 9,159 | 9,178 |
| Operating lease right of use assets | 759 | 829 |
| Goodwill | 12,927 | 12,790 |
| Intangible assets — net | 4,226 | 4,699 |
| Other assets | 7,130 | 4,271 |
| Total assets | $50,580 | $46,455 |
| Liabilities | ||
| Current liabilities | ||
| Short-term borrowings and current portion of long-term debt | $2,947 | $1,938 |
| Accounts payable | 3,245 | 3,183 |
| Accrued payroll | 904 | 692 |
| Accrued income taxes | 365 | 259 |
| Operating lease liabilities — current | 225 | 261 |
| Other current liabilities | 7,611 | 3,190 |
| Total current liabilities | 15,297 | 9,523 |
| Long-term debt | 13,088 | 14,001 |
| Pension and postretirement benefits | 2,471 | 1,966 |
| Operating lease liabilities | 534 | 580 |
| Other liabilities | 14,322 | 5,615 |
| Total liabilities | 45,712 | 31,685 |
| Commitments and contingencies (Note 18) | ||
| Equity | ||
| 3M Company shareholders’ equity: | ||
| Common stock par value, $.01 par value; 944,033,056 shares issued | 9 | 9 |
| Additional paid-in capital | 6,956 | 6,691 |
| Retained earnings | 37,479 | 47,950 |
| Treasury stock, at cost: | (32,859) | (33,255) |
| Accumulated other comprehensive income (loss) | (6,778) | (6,673) |
| Total 3M Company shareholders’ equity | 4,807 | 14,722 |
| Noncontrolling interest | 61 | 48 |
| Total equity | 4,868 | 14,770 |
| Total liabilities and equity | $50,580 | $46,455 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.