3M CO

3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products and services. As discussed in Note 1, certain changes are reflective in this document for all applicable periods presented.

As discussed in Note 2, on April 1, 2024, 3M completed the separation of its Health Care business (the Separation) through a pro rata distribution of 80.1% of the outstanding shares of Solventum Corporation (Solventum) to 3M stockholders. As a result, Solventum became an independent public company, 3M no longer consolidates Solventum into 3M’s financial results and the historical net income of Solventum and applicable assets and liabilities included in the Separation are reported in 3M's consolidated financial statements as discontinued operations.

3M manages its continuing operations in three operating business segments: Safety and Industrial; Transportation and Electronics; and Consumer. From a geographic perspective, EMEA refers to Europe, Middle East and Africa on a combined basis.

Financial highlights for first quarter of 2025:

•Sales of $6.0 billion, down 1.0 percent year-on-year (YoY), down 0.3 percent YoY organically 1; adjusted sales of $5.8 billion, up 0.8 percent YoY, up 1.5 percent YoY organically 1

◦Driven by strength in electrical markets, industrial adhesives and tapes, and aerospace; softer auto, abrasives, and packaging/expression; and YoY impact of applicable special item (manufactured PFAS products)

•Operating margin of 20.9%, up 1.8 percentage points YoY; adjusted operating margin of 23.5%, up 2.2 percentage points YoY

◦Reflecting benefits from growth, lower restructuring costs, productivity, transition service agreement reimbursement; and the YoY impact of special items (primarily manufactured PFAS products), partially offset by continued growth investments in the business, timing of stock-based compensation, cost dis-synergies and foreign currency impacts.

•Earnings per diluted share (EPS) from continuing operations of $2.04, up 61 percent YoY;adjusted EPS from continuing operations of $1.88, up 10 percent YoY

◦Driven by growth and productivity, lower restructuring costs, share buyback partially offset by higher growth investments, non-operating pension headwind; and the YoY impact of special items (primarily the change in value of Solventum ownership).

The Company refers to various "adjusted" amounts or measures on an “adjusted" basis. These exclude special items. These non-GAAP measures are further described and reconciled to the most directly comparable GAAP financial measures in the Certain amounts adjusted for special items - (non-GAAP measures) section below.

Additional information regarding certain items impacting pre-2025 periods that may also be relevant in 2025 can be found in the Overview section of Part II, Item 7 as well as in further sections of 3M’s 2024 Annual Report on Form 10-K.