3M CO
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
View on SEC.govAbout 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$188.63+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
FORM 10-K
For the Year Ended December 31, 2023
| TABLE OF CONTENTS | PAGE |
|---|---|
| PART I | 4 |
| Item 1. Business | 4 |
| Item 1A. Risk Factors | 10 |
| Item 1B. Unresolved Staff Comments | 16 |
| Item 1C. Cybersecurity | 17 |
| Item 2. Properties | 18 |
| Item 3. Legal Proceedings | 18 |
| Item 4. Mine Safety Disclosures | 18 |
| PART II | 18 |
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 18 |
| Item 6. [Reserved] | 19 |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 19 |
| Overview | 19 |
| Results of Operations | 27 |
| Performance by Business Segment | 28 |
| Performance by Geographic Area | 33 |
| Critical Accounting Estimates | 34 |
| New Accounting Pronouncements | 36 |
| Financial Condition and Liquidity | 36 |
| Financial Instruments | 40 |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk | 40 |
| Item 8. Financial Statements and Supplementary Data | 41 |
| Index to Financial Statements | 41 |
| Management’s Responsibility for Financial Reporting | 41 |
| Management’s Report on Internal Control Over Financial Reporting | 41 |
| Report of Independent Registered Public Accounting Firm | 42 |
| Consolidated Statement of Income (Loss) | 44 |
| Consolidated Statement of Comprehensive Income (Loss) | 45 |
| Consolidated Balance Sheet | 46 |
| Consolidated Statement of Changes in Equity | 47 |
| Consolidated Statement of Cash Flows | 48 |
| Notes to Consolidated Financial Statements | 49 |
| NOTE 1. Significant Accounting Policies | 49 |
| NOTE 2. Revenue | 54 |
| NOTE 3. Divestitures | 55 |
| NOTE 4. Goodwill and Intangible Assets | 56 |
| NOTE 5. Restructuring Actions | 57 |
| NOTE 6. Supplemental Income (Loss) Statement Information | 58 |
| NOTE 7. Supplemental Balance Sheet Information | 59 |
| NOTE 8. Supplemental Equity and Comprehensive Income (Loss) Information | 60 |
| NOTE 9. Supplemental Cash Flow Information | 61 |
| NOTE 10. Income Taxes | 61 |
| NOTE 11. Earnings (Loss) Per Share | 64 |
| NOTE 12. Marketable Securities | 64 |
| NOTE 13. Long-Term Debt and Short-Term Borrowings | 65 |
| NOTE 14. Pension and Postretirement Benefit Plans | 67 |
| NOTE 15. Supplier Finance Program Obligations | 74 |
| NOTE 16. Derivatives | 74 |
| TABLE OF CONTENTS | PAGE |
|---|---|
| NOTE 17. Fair Value Measurements | 77 |
| NOTE 18. Commitments and Contingencies | 79 |
| NOTE 19. Leases | 103 |
| NOTE 20. Stock-Based Compensation | 103 |
| NOTE 21. Business Segments and Geographic Information | 106 |
| Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | 110 |
| Item 9A. Controls and Procedures | 110 |
| Item 9B. Other Information | 110 |
| Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 110 |
| PART III | 111 |
| Item 10. Directors, Executive Officers and Corporate Governance | 111 |
| Item 11. Executive Compensation | 111 |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 112 |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 112 |
| Item 14. Principal Accounting Fees and Services | 112 |
| PART IV | 113 |
| Item 15. Exhibits, Financial Statement Schedules | 113 |
ANNUAL REPORT ON FORM 10-K
For the Year Ended December 31, 2023
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.