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

FORM 10-K

For the Year Ended December 31, 2024

TABLE OF CONTENTS	PAGE
PART I	4
Item 1. Business	4
Item 1A. Risk Factors	10
Item 1B. Unresolved Staff Comments	17
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	28
Performance by Business Segment	30
Performance by Geographic Area	35
Critical Accounting Estimates	35
New Accounting Pronouncements	37
Financial Condition and Liquidity	37
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)	45
Consolidated Statement of Comprehensive Income (Loss)	46
Consolidated Balance Sheet	47
Consolidated Statement of Changes in Equity	48
Consolidated Statement of Cash Flows	49
Notes to Consolidated Financial Statements	50
NOTE 1. Significant Accounting Policies	50
NOTE 2. Discontinued Operations	54
NOTE 3. Revenue	56
NOTE 4. Divestitures	56
NOTE 5. Goodwill and Intangible Assets	57
NOTE 6. Restructuring Actions	59
NOTE 7. Supplemental Income (Loss) Statement Information	60
NOTE 8. Supplemental Balance Sheet Information	61
NOTE 9. Supplemental Equity and Comprehensive Income (Loss) Information	62
NOTE 10. Supplemental Cash Flow Information	63
NOTE 11. Income Taxes	63
NOTE 12. Earnings (Loss) Per Share	66
NOTE 13. Marketable Securities	67
NOTE 14. Long-Term Debt and Short-Term Borrowings	68
NOTE 15. Pension and Postretirement Benefit Plans	70
NOTE 16. Supplier Finance Program Obligations	77

TABLE OF CONTENTS	PAGE
NOTE 17. Derivatives	77
NOTE 18. Fair Value Measurements	81
NOTE 19. Commitments and Contingencies	83
NOTE 20. Leases	105
NOTE 21. Stock-Based Compensation	106
NOTE 22. Business Segments and Geographic Information	109
NOTE 23. Quarterly Data (Unaudited)	113
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	114
Item 9A. Controls and Procedures	114
Item 9B. Other Information	114
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	114
PART III	115
Item 10. Directors, Executive Officers and Corporate Governance	115
Item 11. Executive Compensation	115
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	116
Item 13. Certain Relationships and Related Transactions, and Director Independence	116
Item 14. Principal Accounting Fees and Services	116
PART IV	117
Item 15. Exhibits, Financial Statement Schedules	117

ANNUAL REPORT ON FORM 10-K

For the Year Ended December 31, 2024

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.

About this filing

Table of Contents