Solventum Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout 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 28, 2025
SOLV$90.43+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
FORM 10-K
| TABLE OF CONTENTS | PAGE |
|---|---|
| Cautionary Note Concerning Forward Looking Statements | 4 |
| PART I | 6 |
| Item 1. Business | 6 |
| Item 1A. Risk Factors | 18 |
| Item 1B. Unresolved Staff Comments | 39 |
| Item 1C. Cybersecurity | 40 |
| Item 2. Properties | 41 |
| Item 3. Legal Proceedings | 41 |
| Item 4. Mine Safety Disclosures | 41 |
| PART II | 42 |
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 42 |
| Item 6. [Reserved] | 42 |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 42 |
| Overview | 43 |
| Results of Operations | 46 |
| Performance by Business Segment | 47 |
| Geographic Area Supplemental Information | 50 |
| Critical Accounting Estimates | 51 |
| New Accounting Pronouncements | 51 |
| Financial Condition and Liquidity | 51 |
| Financial Instruments | 54 |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk | 54 |
| Item 8. Financial Statements and Supplementary Data | 55 |
| Index to Financial Statements | 55 |
| Report of Independent Registered Public Accounting Firm | 56 |
| Consolidated Statements of Income | 58 |
| Consolidated Statements of Comprehensive Income | 59 |
| Consolidated Balance Sheets | 60 |
| Consolidated Statements of Changes in Equity | 61 |
| Consolidated Statements of Cash Flows | 62 |
| Notes to the Consolidated Financial Statements | 63 |
| NOTE 1. Significant Accounting Policies | 63 |
| NOTE 2. Revenue Recognition | 68 |
| NOTE 3. Goodwill and Intangible Assets | 68 |
| NOTE 4. Other Current Liabilities | 69 |
| NOTE 5. Property, Plant, and Equipment - Net | 69 |
| NOTE 6. Comprehensive Income Information | 70 |
| NOTE 7. Income Taxes | 71 |
| NOTE 8. Long-Term Debt and Short-Term Borrowings | 73 |
| NOTE 9. Pension and Postretirement Benefit Plans | 75 |
| NOTE 10. Derivatives | 83 |
| NOTE 11. Commitments and Contingencies | 85 |
| NOTE 12. Leases | 88 |
| NOTE 13. Restructuring | 89 |
| NOTE 14. Earnings Per Share | 89 |
| NOTE 15. Stock-Based Compensation | 90 |
| NOTE 16. Related Parties | 92 |
| NOTE 17. Business Segments | 94 |
| TABLE OF CONTENTS | PAGE |
|---|---|
| NOTE 18. Subsequent Events | 97 |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 98 |
| Item 9A. Controls and Procedures | 98 |
| Item 9B. Other Information | 98 |
| Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 98 |
| PART III | 99 |
| Item 10. Directors, Executive Officers and Corporate Governance | 99 |
| Item 11. Executive Compensation | 99 |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 100 |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 100 |
| Certain Relationships and Related Person Transactions, | 100 |
| Director Independence | 100 |
| Item 14. Principal Accounting Fees and Services | 100 |
| PART IV | 101 |
| Item 15. Exhibits, Financial Statement Schedules | 101 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.