Solventum Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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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 28, 2025
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Geographic Area Supplemental Information
| Employees as of December 31, | Capital Spendingfor the year ended December 31, | Property, Plant and Equipment - net as of December 31, | |||||||
|---|---|---|---|---|---|---|---|---|---|
| (Millions, except Employees) | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 |
| United States | 10,919 | 10,906 | 9,850 | $229 | $160 | $144 | $893 | $770 | $718 |
| International | 11,062 | 11,101 | 10,248 | 151 | 130 | 107 | 729 | 687 | 601 |
| Total Company | 21,981 | 22,007 | 20,098 | $380 | $290 | $251 | $1,622 | $1,457 | $1,319 |
Employment:
Employment decreased slightly in 2024 when compared to 2023 and increased in 2023 when compared to 2022. The above table includes the impact of acquisitions and other actions.
Capital Spending and Property, Plant and Equipment - Net:
Investments in property, plant and equipment enable growth across many diverse markets, helping to meet product demand and increasing manufacturing efficiency. The Company is increasing its investment in manufacturing and sourcing capability in order to more closely align its production capability with its sales in major geographic areas in order to best serve its customers throughout the world with proprietary, automated, efficient, safe and sustainable processes. Capital spending is discussed in more detail below in the section entitled “—Cash Flows from Investing Activities.”
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