3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

3M Company

Net Sales

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Selling, General and Administrative Expenses

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Research, Development and Related Expenses

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Reduction in Operating Expenses

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Goodwill Impairment Expense

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Loss on Business Divestitures

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Total Operating Expenses

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Operating Income

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Interest Expense

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Interest Income

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Other Expense, Net

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Income Before Income Taxes

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Income from Continuing Operations Before Income Taxes

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Provision for Income Taxes

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Income of Consolidated Group

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Income from Continuing Operations of Consolidated Group

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Income from Unconsolidated Subsidiaries, Net of Taxes

Income from Unconsolidated Subsidiaries, Net of Taxes %Chg

Income from Unconsolidated Subsidiaries, Net of Taxes Common Size

Net Income Including Noncontrolling Interest

Net Income Including Noncontrolling Interest %Chg

Net Income Including Noncontrolling Interest Common Size

Net Income from Continuing Operations Including Noncontrolling Interest

Net Income from Continuing Operations Including Noncontrolling Interest %Chg

Net Income from Continuing Operations Including Noncontrolling Interest Common Size

Less: Net Income Attributable to Noncontrolling Interest

Less: Net Income Attributable to Noncontrolling Interest %Chg

Less: Net Income Attributable to Noncontrolling Interest Common Size

Income Before Cumulative Effect of Accounting Change

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Cumulative Effect of Accounting Change

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Net Income from Continuing Operations Attributable to 3M

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Net Income from Continuing Operations Attributable to 3M Common Size

Net Income from Discontinued Operations, Net of Taxes

Net Income from Discontinued Operations, Net of Taxes %Chg

Net Income from Discontinued Operations, Net of Taxes Common Size

Net Income Attributable to 3M

Net Income Attributable to 3M %Chg

Net Income Attributable to 3M Common Size

Weighted Average 3M Common Shares Outstanding - Basic

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Earnings per Share - Basic

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Earnings per Share from Continuing Operations - Basic

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Earnings per Share from Discontinued Operations - Basic

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Total Revenues

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

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Net Revenue

Net Income

Average Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	24,825	24,575	24,610	26,161	35,355	32,184	32,136	32,765	31,657	30,109	30,274
Total Revenues %Chg	1.1%	-0.1%	-5.9%	-26%	9.9%	0.1%	-1.9%	3.5%	5.1%	-0.5%	-4.9%
Net Sales
Cost of Sales	14,660	14,447	14,983	15,853	18,795	16,605	17,136	16,682	16,055	15,118	15,383
Cost of Sales
Gross Profit	10,165	10,128	9,627	10,308	16,560	15,579	15,000	16,083	15,602	14,991	14,891
Gross Profit Margin	40.9%	41.2%	39.1%	39.4%	46.8%	48.4%	46.7%	49.1%	49.3%	49.8%	49.2%
Selling, General & Administrative Expenses	3,931	4,221	19,198	7,232	7,197	6,929	7,029	7,602	6,626	6,311	6,229
Selling, General and Administrative Expenses
Research & Development Expenses	1,152	1,085	1,154	1,160	1,994	1,878	1,911	1,821	1,870	1,764	1,763
Research, Development and Related Expenses
Other Operating Expenses	—	—	-36	-2,453	—	-389	-114	-547	-586	-111	-47
Goodwill Impairment Expense
Loss on Business Divestitures
Reduction in Operating Expenses
Operating Profit	4,918	4,822	-10,689	4,369	7,369	7,161	6,174	7,207	7,692	7,027	6,946
Operating Income
Operating Margin	19.8%	19.6%	-43.4%	16.7%	20.8%	22.3%	19.2%	22%	24.3%	23.3%	22.9%
Interest and Investment Income	53	9	18	11	10	-5	—	—	—	—	—
Interest Income
Income from Unconsolidated Subsidiaries, Net of Taxes
Interest Expense	—	—	—	—	—	—	—	—	—	—	—
Interest Expense
Non-Operating Income	-704	-3	-582	-165	-165	-366	-531	-207	-144	26	-123
Other Expense, Net
Total Non-Operating Income	-651	6	-564	-154	-155	-371	-531	-207	-144	26	-123
Income Before Provision for Income Taxes	4,214	4,819	-11,271	4,204	7,204	6,795	5,643	7,000	7,548	7,053	6,823
Income Before Income Taxes
Income from Continuing Operations Before Income Taxes
Provision for Income Taxes	851	804	-2,867	188	1,285	1,337	1,114	1,637	2,679	1,995	1,982
Provision for Income Taxes
Consolidated Net Income	3,363	4,015	-8,404	4,016	11,848	10,911	9,058	10,726	4,869	5,058	4,841
Income from Continuing Operations of Consolidated Group
Income of Consolidated Group
Net Income Including Noncontrolling Interest
Net Income Attributable to Minority Interests and Other	-38	6	-2	3	-2	9	12	14	11	8	8
Less: Net Income Attributable to Noncontrolling Interest
Income from Unconsolidated Subsidiaries, Net of Taxes
Cumulative Effect of Accounting Change
Net Income Attributable to Discontinued Operations	—	164	1,407	1,764	—	—	—	—	—	—	—
Net Income from Discontinued Operations, Net of Taxes
Net Income Attributable to Common Shareholders	3,401	4,173	-6,995	5,777	5,921	5,449	4,517	5,349	4,858	5,050	4,833
Net Income Attributable to 3M
Basic EPS	6.3	7.6	-12.6	10.2	10.2	9.4	7.8	9.1	8.1	8.4	7.7
Diluted EPS	6.3	7.6	-12.6	10.2	10.1	9.4	7.7	8.9	7.9	8.2	7.6
Basic Weighted Average Shares Outstanding	539.7	550.8	553.9	566	579	577.6	577	588.5	597.5	604.7	625.6
Total Shares Outstanding	531.2	539.5	552.6	549.2	571.8	577.7	575.2	576.6	594.9	596.7	609.3
Diluted Weighted Average Shares Outstanding	543.2	552.4	553.9	567.6	585.3	582.2	585.1	602	612.7	618.7	637.2
EBITDA	5,240	6,185	-8,702	6,200	9,284	9,072	7,767	8,695	9,236	8,501	8,381
Effective Tax Rate	20.2%	16.7%	25.4%	4.5%	17.8%	19.7%	19.7%	23.4%	35.5%	28.3%	29%