Solventum Corp

Note 17 to the condensed consolidated financial statements provides an overview of Solventum’s reportable business segments. Upon closing the sale of our Purification and Filtration business, we primarily manage our operations in three business segments: MedSurg, Dental Solutions, and Health Information Systems. Our Chief Operating Decision Maker evaluates segment operating performance using net sales and business segment operating income.

All Other

All Other primarily consists of the Water Business that was retained after the sale of the Purification and Filtration Business. All Other also includes sales and cost of sales related to our agreements to supply 3M and other supply agreements assumed by the Company at Spin-Off related to legacy 3M businesses, which were historically included within Corporate and Unallocated.

Corporate and Unallocated

Certain items are maintained at the corporate level and not allocated to the segments ("Corporate and Unallocated"). Corporate and Unallocated primarily includes amortization of acquired intangible assets, restructuring and related charges, timing related benefits or costs associated with capitalized manufacturing variances, charges and recoveries related to certain litigation, transaction-related costs for acquisitions and divestitures and gains on sale of businesses. In addition, Corporate and Unallocated includes Spin-Off and separation related costs. Spin-Off and separation related costs include any costs incurred as part of our separation from 3M and costs to setup operations as a standalone company, including system implementations, manufacturing relocations, certain equity awards granted as part of the Spin-Off, profit mark-ups on transition service arrangements with 3M and other one-time costs. Corporate and Unallocated also includes income and costs related to transition service agreements entered into in connection with the sale of the Purification and Filtration business.

Because Corporate and Unallocated includes a variety of miscellaneous items, it is subject to fluctuation on a quarterly and annual basis.

Operating Business Segments

Information related to the Company’s segments is presented in the tables that follow with additional context in the corresponding narrative below the tables.

MedSurg (62.1% and 61.9% of consolidated sales for the three and nine months ended September 30, 2026)

Sales in MedSurg were up 0.4%:

•Organic decline was impacted by approximately $85 million or 7% due to second quarter advanced order timing ahead of the Company's U.S. ERP deployment in July. Excluding the impact of advanced order timing, sales volumes grew in both our Infection Prevention and Surgical Solutions and Advanced Wound Care businesses. Growth was led by our I.V. site management and negative pressure wound therapy products. Growth was partially impacted by our SKU rationalization program, which had a larger impact on our Infection Prevention and Surgical Solutions business.

•Other includes sales from the Company's December 2025 acquisition of Acera.

•Foreign currency translation positively impacted sales by 0.3%

Business segment operating income margin decreased slightly when compared to the same period last year. The decrease was driven by ERP order timing, higher business investments and compensation, partly offset by lower tariff costs and savings benefits from our Transform for the Future program.

Sales in MedSurg were up 6.6%:

•Organic growth was driven by both volumes in our I.V. site management products, including Tegaderm CHG, within our Infection Prevention and Surgical Solutions business and negative pressure wound therapy products in our Advanced Wound Care business growth. Growth was partially offset by our SKU rationalization program, which had a larger impact on our Infection Prevention and Surgical Solutions business.

•Other includes sales from the Company's December 2025 acquisition of Acera.

•Foreign currency translation positively impacted sales by 1.5%.

Business segment operating income margin increased when compared to the same period last year. The increase was primarily driven by recognition of receivables for IEEPA tariff refunds. Benefits from cost savings programs, including Transform for the Future, have largely offset impacts from inflation, tariffs and incremental investments.

Dental Solutions (16.3% and 17.3% of consolidated sales for the three and nine months ended September 30, 2026)

Sales in Dental Solutions were down 6.7%:

•Organic decline was impacted by approximately $35 million due to second quarter advanced order timing ahead of the Company's U.S. ERP deployment in July. Excluding the impact from the advanced order timing, both volume and price contributed to growth, led by new products launched in the prior year.

•Foreign currency translation positively impacted sales by 0.7%.

Business segment operating income margin decreased when compared to the same period last year, primarily driven by the impact of ERP related order timing. The impact from inflation and tariffs was largely offset by programmatic savings.

Sales in Dental Solutions were up 6.0%:

•Organic growth was driven by both restorative and prevention solutions and orthodontics solutions. Both volume and price contributed to growth, led by new products launched in the prior year.

•Foreign currency translation positively impacted sales by 2.3%.

Business segment operating income margin increased when compared to the same period last year due to both price and portfolio mix benefits. Impacts from inflation and incremental investments were partially offset by programmatic savings and the Company's Transform for the Future program.

Health Information Systems (18.3% and 17.1% of consolidated sales for the three and nine months ended September 30, 2026)

Sales in Health Information Systems were up 3.3%:

•Organic growth was driven by continued adoption of our Solventum™ 360 Encompass TM.

•Clinician productivity solutions declined primarily due to impacts from changing market conditions.

•Foreign currency translation positively impacted sales by 0.1%.

Business segment operating income margin increased when compared to the same period last year, driven by favorable price, higher capitalized software costs and savings from Transform for the Future, partially offset by business investments.

Sales in Health Information Systems were up 4.0%:

•Positive organic growth was driven by continued adoption of our Solventum™ 360 Encompass TM and performance management solutions.

•Clinician productivity solutions declined primarily due to impacts from changing market conditions.

•Foreign currency translation positively impacted sales by 0.4%.

Business segment operating income margin increased when compared to the same period last year, driven by price, favorable mix and savings from Transform for the Future.