3M CO
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
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FY2024 · Filed Feb 5, 2025
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)
| (Millions, except per share amounts) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | $24,575 | $24,610 | $26,161 |
| Operating expenses | |||
| Cost of sales | 14,447 | 14,983 | 15,853 |
| Selling, general and administrative expenses | 4,221 | 19,198 | 7,232 |
| Research, development and related expenses | 1,085 | 1,154 | 1,160 |
| Gain on business divestitures | — | (36) | (2,724) |
| Goodwill impairment expense | — | — | 271 |
| Total operating expenses | 19,753 | 35,299 | 21,792 |
| Operating income (loss) | 4,822 | (10,689) | 4,369 |
| Other expense (income), net | 3 | 582 | 165 |
| Income (loss) from continuing operations before income taxes | 4,819 | (11,271) | 4,204 |
| Provision (benefit) for income taxes | 804 | (2,867) | 188 |
| Income (loss) from continuing operations of consolidated group | 4,015 | (8,404) | 4,016 |
| Income (loss) from unconsolidated subsidiaries, net of taxes | 9 | 18 | 11 |
| Net income (loss) from continuing operations including noncontrolling interest | 4,024 | (8,386) | 4,027 |
| Less: Net income (loss) attributable to noncontrolling interest | 15 | 16 | 14 |
| Net income (loss) from continuing operations attributable to 3M | 4,009 | (8,402) | 4,013 |
| Net income (loss) from discontinued operations, net of taxes | 164 | 1,407 | 1,764 |
| Net income (loss) attributable to 3M | $4,173 | $(6,995) | $5,777 |
| Earnings (loss) per share attributable to 3M common shareholders: | |||
| Weighted average 3M common shares outstanding — basic | 550.8 | 553.9 | 566.0 |
| Earnings (loss) per share from continuing operations — basic | $7.28 | $(15.17) | $7.09 |
| Earnings (loss) per share from discontinued operations — basic | 0.30 | 2.54 | 3.12 |
| Earnings (loss) per share — basic | $7.58 | $(12.63) | $10.21 |
| Weighted average 3M common shares outstanding — diluted | 552.4 | 553.9 | 567.6 |
| Earnings (loss) per share from continuing operations — diluted | $7.26 | $(15.17) | $7.07 |
| Earnings (loss) per share from discontinued operations — diluted | 0.29 | 2.54 | 3.11 |
| Earnings (loss) per share — diluted | $7.55 | $(12.63) | $10.18 |
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