3M CO

For the period ended Dec 31, 2024. Filed Feb 5, 2025.

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.

FY2024 · Filed Feb 5, 2025

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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Contents

Consolidated Balance Sheet

At December 31

(Dollars in millions, except per share amount)	2024	2023
Assets
Current assets
Cash and cash equivalents	$5,600	$5,735
Marketable securities — current	2,128	50
Accounts receivable — net of allowances of $60 and $62	3,194	3,601
Inventories
Finished goods	1,849	1,842
Work in process	1,051	1,242
Raw materials and supplies	798	860
Total inventories	3,698	3,944
Prepaids	436	344
Other current assets	828	326
Current assets of discontinued operations	—	2,379
Total current assets	15,884	16,379
Property, plant and equipment	23,406	23,494
Less: Accumulated depreciation	(16,018)	(15,804)
Property, plant and equipment — net	7,388	7,690
Operating lease right of use assets	565	657
Goodwill	6,281	6,382
Intangible assets — net	1,210	1,323
Other assets	8,540	6,806
Non-current assets of discontinued operations	—	11,343
Total assets	$39,868	$50,580
Liabilities
Current liabilities
Short-term borrowings and current portion of long-term debt	$1,919	$2,947
Accounts payable	2,660	2,776
Accrued payroll	712	695
Accrued income taxes	331	304
Operating lease liabilities — current	163	192
Other current liabilities	5,471	6,660
Current liabilities of discontinued operations	—	1,723
Total current liabilities	11,256	15,297
Long-term debt	11,125	13,088
Pension and postretirement benefits	1,813	2,156
Operating lease liabilities	405	464
Other liabilities	11,375	14,021
Non-current liabilities of discontinued operations	—	686
Total liabilities	35,974	45,712
Commitments and contingencies (Note 19)
Equity
3M Company shareholders’ equity:
Common stock par value, $.01 par value; 944,033,056 shares issued	9	9
Additional paid-in capital	7,229	6,956
Retained earnings	36,797	37,479
Treasury stock, at cost:	(34,462)	(32,859)
Accumulated other comprehensive income (loss)	(5,731)	(6,778)
Total 3M Company shareholders’ equity	3,842	4,807
Noncontrolling interest	52	61
Total equity	3,894	4,868
Total liabilities and equity	$39,868	$50,580

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.