3M CO
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
MMM$189.37+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Income (Loss)
| Three months endedMarch 31, | ||
|---|---|---|
| (Millions, except per share amounts) | 2024 | 2023 |
| Net sales | $8,003 | $8,031 |
| Operating expenses | ||
| Cost of sales | 4,329 | 4,613 |
| Selling, general and administrative expenses | 1,736 | 1,705 |
| Research, development and related expenses | 437 | 472 |
| Total operating expenses | 6,502 | 6,790 |
| Operating income (loss) | 1,501 | 1,241 |
| Other expense (income), net | 264 | 52 |
| Income (loss) before income taxes | 1,237 | 1,189 |
| Provision (benefit) for income taxes | 305 | 210 |
| Income (loss) of consolidated group | 932 | 979 |
| Income (loss) from unconsolidated subsidiaries, net of taxes | 1 | 2 |
| Net income (loss) including noncontrolling interest | 933 | 981 |
| Less: Net income (loss) attributable to noncontrolling interest | 5 | 5 |
| Net income (loss) attributable to 3M | $928 | $976 |
| Weighted average 3M common shares outstanding — basic | 555.0 | 552.7 |
| Earnings (loss) per share attributable to 3M common shareholders — basic | $1.67 | $1.77 |
| Weighted average 3M common shares outstanding — diluted | 555.9 | 553.2 |
| Earnings (loss) per share attributable to 3M common shareholders — diluted | $1.67 | $1.76 |
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