3M CO

For the period ended Dec 31, 2023. Filed Feb 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 7, 2024

MMM$189.37+0.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statement of Income (Loss)

(Millions, except per share amounts)	2023	2022	2021
Net sales	$32,681	$34,229	$35,355
Operating expenses
Cost of sales	18,477	19,232	18,795
Selling, general and administrative expenses	21,526	9,049	7,197
Research, development and related expenses	1,842	1,862	1,994
Gain on business divestitures	(36)	(2,724)	—
Goodwill impairment expense	—	271	—
Total operating expenses	41,809	27,690	27,986
Operating income (loss)	(9,128)	6,539	7,369
Other expense (income), net	560	147	165
Income (loss) before income taxes	(9,688)	6,392	7,204
Provision (benefit) for income taxes	(2,691)	612	1,285
Income (loss) of consolidated group	(6,997)	5,780	5,919
Income (loss) from unconsolidated subsidiaries, net of taxes	18	11	10
Net income (loss) including noncontrolling interest	(6,979)	5,791	5,929
Less: Net income (loss) attributable to noncontrolling interest	16	14	8
Net income (loss) attributable to 3M	$(6,995)	$5,777	$5,921
Weighted average 3M common shares outstanding — basic	553.9	566.0	579.0
Earnings (loss) per share attributable to 3M common shareholders — basic	$(12.63)	$10.21	$10.23
Weighted average 3M common shares outstanding — diluted	553.9	567.6	585.3
Earnings (loss) per share attributable to 3M common shareholders — diluted	$(12.63)	$10.18	$10.12

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.