3M CO
For the period ended Sep 30, 2024. Filed Oct 22, 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.
Sep 30, 2024 · Filed Oct 22, 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 endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| (Millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $6,294 | $6,270 | $18,565 | $18,608 |
| Operating expenses | ||||
| Cost of sales | 3,647 | 3,716 | 10,703 | 11,188 |
| Selling, general and administrative expenses | 1,062 | 5,419 | 3,322 | 18,182 |
| Research, development and related expenses | 269 | 267 | 803 | 862 |
| Gain on business divestitures | — | (36) | — | (36) |
| Total operating expenses | 4,978 | 9,366 | 14,828 | 30,196 |
| Operating income (loss) | 1,316 | (3,096) | 3,737 | (11,588) |
| Other expense (income), net | (405) | 206 | (323) | 334 |
| Income (loss) from continuing operations before income taxes | 1,721 | (3,302) | 4,060 | (11,922) |
| Provision (benefit) for income taxes | 348 | (777) | 771 | (2,893) |
| Income (loss) from continuing operations of consolidated group | 1,373 | (2,525) | 3,289 | (9,029) |
| Income (loss) from unconsolidated subsidiaries, net of taxes | 3 | 2 | 7 | 7 |
| Net income (loss) from continuing operations including noncontrolling interest | 1,376 | (2,523) | 3,296 | (9,022) |
| Less: Net income (loss) attributable to noncontrolling interest | 4 | 4 | 15 | 14 |
| Net income (loss) from continuing operations attributable to 3M | 1,372 | (2,527) | 3,281 | (9,036) |
| Net income (loss) from discontinued operations, net of taxes | — | 452 | 164 | 1,096 |
| Net income (loss) attributable to 3M | $1,372 | $(2,075) | $3,445 | $(7,940) |
| Earnings (loss) per share attributable to 3M common shareholders: | ||||
| Weighted average 3M common shares outstanding — basic | 550.6 | 554.3 | 553.1 | 553.7 |
| Earnings (loss) per share from continuing operations — basic | $2.49 | $(4.56) | $5.93 | $(16.32) |
| Earnings (loss) per share from discontinued operations — basic | — | 0.82 | 0.30 | 1.98 |
| Earnings (loss) per share — basic | $2.49 | $(3.74) | $6.23 | $(14.34) |
| Weighted average 3M common shares outstanding — diluted | 552.7 | 554.3 | 554.5 | 553.7 |
| Earnings (loss) per share from continuing operations — diluted | $2.48 | $(4.56) | $5.92 | $(16.32) |
| Earnings (loss) per share from discontinued operations — diluted | — | 0.82 | 0.29 | 1.98 |
| Earnings (loss) per share — diluted | $2.48 | $(3.74) | $6.21 | $(14.34) |
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