3M Company (MMM) financial statements: income statement, balance sheet and cash flow

3M Company's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), 3M Company reported revenue of $24.9B (+1.5% year on year) and net income of $3.3B (-18.9% year on year).

Income statement

3M Company income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$24.9B	$24.6B	$32.7B	$34.2B
Cost of sales	$15.0B	$14.4B	$18.5B	$19.2B
Selling, general and administrative expenses	$4.0B	$4.2B	$21.5B	$9.0B
Research, development and related expenses	$1.2B	$1.1B	$1.8B	$1.9B
Loss (gain) on business divestitures	$162.0M	$0	($36.0M)	($2.7B)
Total operating expenses	$20.3B	$19.8B	$41.8B	$27.7B
Operating income (loss)	$4.6B	$4.8B	($9.1B)	$6.5B
Other expense (income), net	$416.0M	$3.0M	$560.0M	$147.0M
Income (loss) from continuing operations before income taxes	$4.2B	$4.8B	($9.7B)	—
Provision (benefit) for income taxes	$1.0B	$804.0M	($2.7B)	$612.0M
Income (loss) from continuing operations of consolidated group	$3.2B	$4.0B	($7.0B)	$5.8B
Income from unconsolidated subsidiaries, net of taxes	$52.0M	$9.0M	$18.0M	—
Net income (loss) from continuing operations including noncontrolling interest	$3.3B	$4.0B	—	—
Less: net income attributable to noncontrolling interest	$12.0M	$15.0M	$16.0M	$14.0M
Net income (loss) from continuing operations attributable to 3M	$3.3B	$4.0B	—	—
Net income from discontinued operations, net of taxes	$0	$164.0M	—	—
Net income (loss) attributable to 3M	$3.3B	$4.2B	($7.0B)	$5.8B
Weighted average 3M common shares outstanding - basic (in shares)	537.4M	550.8M	553.9M	566.0M
Earnings (loss) per share from continuing operations — basic (in dollars per share)	$6.05	$7.28	—	—
Earnings per share from discontinued operations — basic (in dollars per share)	$0.00	$0.30	—	—
Earnings (loss) per share — basic (in dollars per share)	$6.05	$7.58	-$12.63	$10.21
Weighted average 3M common shares outstanding - diluted (in shares)	541.3M	552.4M	553.9M	567.6M
Earnings (loss) per share from continuing operations — diluted (in dollars per share)	$6.00	$7.26	—	—
Earnings per share from discontinued operations — diluted (in dollars per share)	$0.00	$0.29	—	—
Earnings (loss) per share — diluted (in dollars per share)	$6.00	$7.55	-$12.63	$10.18

3M Company income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Net sales	$6.6B	$6.5B	$6.0B	$6.5B
Cost of sales	$3.8B	$3.8B	$3.6B	$3.8B
Selling, general and administrative expenses	$921.0M	$1.1B	$744.0M	$820.0M
Research, development and related expenses	$304.0M	$302.0M	$308.0M	$297.0M
Loss on business divestitures	$0	$336.0M	$7.0M	$161.0M
Total operating expenses	$5.0B	$5.5B	$4.6B	$5.1B
Operating income	$1.6B	$984.0M	$1.4B	$1.4B
Other expense (income), net	($112.0M)	($136.0M)	$519.0M	$300.0M
Income before income taxes	$1.7B	$1.1B	$878.0M	$1.1B
Provision for income taxes	$261.0M	$183.0M	$221.0M	$308.0M
Income of consolidated group	$1.4B	$937.0M	$657.0M	$839.0M
Income from unconsolidated subsidiaries, net of taxes	$1.0M	$1.0M	$2.0M	$2.0M
Net income including noncontrolling interests	$1.4B	—	—	—
Net income (loss) attributable to NCIs and adjustment to redeemable NCI	$37.0M	$5.0M	$6.0M	$7.0M
Net income attributable to 3M common shareholders	$1.4B	$933.0M	$653.0M	$834.0M
Weighted average 3M common shares outstanding — basic (in shares)	518.8M	519.7M	529.1M	534.1M
Earnings per share — basic (in dollars per share)	$2.65	$1.79	$1.23	$1.56
Weighted average 3M common shares outstanding — diluted (in shares)	522.6M	522.4M	532.8M	538.1M
Earnings per share — diluted (in dollars per share)	$2.63	$1.78	$1.23	$1.55

Balance sheet

3M Company balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$5.2B	$5.6B	$5.9B	$3.7B
Marketable securities	$698.0M	$2.1B	$53.0M	$238.0M
Accounts receivable — net of allowances of $61 and $60	$3.5B	$3.2B	$4.8B	$4.5B
Finished goods	$1.7B	$1.8B	$2.3B	$2.5B
Work in process	$1.1B	$1.1B	$1.4B	$1.6B
Raw materials and supplies	$791.0M	$798.0M	$1.1B	$1.3B
Total inventories	$3.7B	$3.7B	$4.8B	$5.4B
Prepaids	$391.0M	$436.0M	$485.0M	$435.0M
Assets held for sale	$46.0M	$0	—	—
Other current assets	$2.8B	$828.0M	$336.0M	$456.0M
Total current assets	$16.4B	$15.9B	$16.4B	$14.7B
Property, plant and equipment	$23.9B	$23.4B	$26.9B	$26.0B
Less: accumulated depreciation	($16.8B)	($16.0B)	($17.7B)	($16.8B)
Property, plant and equipment — net	$7.1B	$7.4B	$9.2B	$9.2B
Goodwill	$6.4B	$6.3B	$12.9B	$12.8B
Intangible assets — net	$1.1B	$1.2B	$4.2B	$4.7B
Other assets	$6.7B	$8.5B	$7.1B	$4.3B
Total assets	$37.7B	$39.9B	$50.6B	$46.5B
Short-term borrowings and current portion of long-term debt	$1.7B	$1.9B	$2.9B	$1.9B
Accounts payable	$2.7B	$2.7B	$3.2B	$3.2B
Accrued payroll	$718.0M	$712.0M	$904.0M	$692.0M
Liabilities held for sale	$55.0M	$0	—	—
Other current liabilities	$4.5B	$5.5B	$7.6B	$3.2B
Total current liabilities	$9.6B	$11.3B	$15.3B	$9.5B
Long-term debt	$10.9B	$11.1B	$13.1B	$14.0B
Pension and postretirement benefits	$1.6B	$1.8B	$2.5B	$2.0B
Other liabilities	$10.8B	$11.4B	$14.3B	$5.6B
Total liabilities	$33.0B	$36.0B	$45.7B	$31.7B
Common stock	$9.0M	$9.0M	$9.0M	$9.0M
Additional paid-in capital	$7.4B	$7.2B	$7.0B	$6.7B
Retained earnings	$38.3B	$36.8B	$37.5B	$48.0B
Treasury stock, at cost	($35.9B)	($34.5B)	($32.9B)	($33.3B)
Accumulated other comprehensive income (loss)	($5.1B)	($5.7B)	($6.8B)	($6.7B)
Total 3M Company shareholders’ equity	$4.7B	$3.8B	$4.8B	$14.7B
Noncontrolling interest	$45.0M	$52.0M	$61.0M	$48.0M
Total equity	$4.7B	$3.9B	$4.9B	$14.8B
Total liabilities and equity	$37.7B	$39.9B	$50.6B	$46.5B

3M Company balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Cash and cash equivalents	$4.8B	$3.0B	$3.7B	$4.7B
Marketable securities	$310.0M	$375.0M	$420.0M	$517.0M
Accounts receivable — net of allowances of $52 and $61	$4.1B	$3.9B	$3.8B	$3.8B
Inventories	$4.1B	$3.8B	$3.7B	$3.9B
Prepaids	$482.0M	$492.0M	$407.0M	$514.0M
Assets held for sale	$0	$0	$49.0M	$44.0M
Other current assets	$2.9B	$2.6B	$2.3B	$2.7B
Total current assets	$16.7B	$14.1B	$14.4B	$16.1B
Property, plant and equipment — net	$7.0B	$6.9B	$7.0B	$7.2B
Goodwill	$7.3B	$6.4B	$6.4B	$6.4B
Intangible assets — net	$2.1B	$1.1B	$1.1B	$1.1B
Other assets	$6.4B	$6.5B	$6.6B	$6.2B
Total assets	$39.5B	$34.9B	$35.4B	$37.6B
Short-term borrowings and current portion of long-term debt	$2.4B	$1.6B	$1.6B	$749.0M
Accounts payable	$3.0B	$3.1B	$2.8B	$2.7B
Accrued payroll	$619.0M	$522.0M	$420.0M	$668.0M
Liabilities held for sale	$0	$0	$56.0M	$54.0M
Other current liabilities	$5.8B	$6.1B	$4.1B	$4.0B
Total current liabilities	$11.9B	$11.4B	$9.0B	$8.7B
Long-term debt	$12.6B	$10.9B	$10.9B	$11.9B
Pension and postretirement benefits	$1.5B	$1.5B	$1.6B	$1.6B
Other liabilities	$8.5B	$8.1B	$10.6B	$10.3B
Total liabilities	$34.4B	$31.9B	$32.1B	$32.9B
Redeemable noncontrolling interest	$971.0M	—	—	—
Common stock	$9.0M	$9.0M	$9.0M	$9.0M
Additional paid-in capital	$7.6B	$7.5B	$7.5B	$7.4B
Retained earnings	$39.6B	$38.6B	$38.2B	$38.1B
Treasury stock, at cost	($38.1B)	($38.2B)	($37.3B)	($35.8B)
Accumulated other comprehensive income (loss)	($5.0B)	($5.1B)	($5.1B)	($5.1B)
Total 3M Company shareholders’ equity	$4.1B	$3.0B	$3.3B	$4.6B
Nonredeemable noncontrolling interest	$42.0M	$53.0M	$48.0M	$47.0M
Total equity	$4.2B	$3.0B	$3.3B	$4.7B
Total liabilities, redeemable noncontrolling interest and equity	$39.5B	$34.9B	$35.4B	$37.6B

Cash flow statement

3M Company cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss) including noncontrolling interest	$3.3B	$4.2B	($7.0B)	$5.8B
Depreciation and amortization	$1.3B	$1.4B	$2.0B	$1.8B
Company pension and postretirement contributions	($145.0M)	($154.0M)	($152.0M)	($158.0M)
Company pension and postretirement expense	$272.0M	$1.0B	$145.0M	$178.0M
Stock-based compensation expense	$225.0M	$289.0M	$274.0M	$263.0M
Loss (gain) on business divestitures	$162.0M	$0	($36.0M)	($2.7B)
Deferred income taxes	$418.0M	$321.0M	($3.9B)	($663.0M)
Accounts receivable	($211.0M)	$114.0M	($170.0M)	($105.0M)
Inventories	$139.0M	$41.0M	$567.0M	($629.0M)
Accounts payable	$21.0M	$46.0M	$138.0M	$111.0M
Other — net	($3.1B)	($5.2B)	$15.0B	$854.0M
Net cash provided by (used in) operating activities	$2.3B	$1.8B	$6.7B	$5.6B
Purchases of property, plant and equipment (PP&E)	($910.0M)	($1.2B)	($1.6B)	($1.7B)
Proceeds from sale of PP&E and other assets	$95.0M	$61.0M	$119.0M	$200.0M
Purchases of marketable securities and investments	($1.3B)	($4.2B)	($1.5B)	($1.3B)
Proceeds from maturities and sale of marketable securities and investments	$3.5B	$2.1B	$1.7B	$1.3B
Proceeds from sale of businesses, net of cash sold	$5.0M	$0	$60.0M	$13.0M
Other — net	($3.0M)	($7.0M)	$35.0M	$1.0M
Net cash provided by (used in) investing activities	$1.4B	($3.2B)	($1.2B)	($1.0B)
Change in short-term debt — net	$0	($205.0M)	$205.0M	$340.0M
Repayment of debt (maturities greater than 90 days)	($1.8B)	($2.7B)	($3.1B)	($1.2B)
Proceeds from debt (maturities greater than 90 days)	$1.1B	$8.4B	$2.8B	$1.0M
Purchases of treasury stock	($3.3B)	($1.8B)	($33.0M)	($1.5B)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans	$1.6B	$92.0M	$264.0M	$381.0M
Dividends paid to shareholders	($1.6B)	($2.0B)	($3.3B)	($3.4B)
Cash transferred to Solventum related to separation, net	$0	($621.0M)	—	—
Other — net	($49.0M)	($96.0M)	($21.0M)	($60.0M)
Net cash provided by (used in) financing activities	($4.0B)	$1.1B	($3.1B)	($5.3B)
Effect of exchange rate changes on cash and cash equivalents	$41.0M	($44.0M)	($48.0M)	($104.0M)
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale	($319.0M)	—	—	—
Less: net increase (decrease) in cash classified within assets held for sale	$46.0M	—	—	—
Net increase (decrease) in cash and cash equivalents	($365.0M)	($333.0M)	$2.3B	($909.0M)
Cash and cash equivalents at beginning of year	$5.6B	$5.9B	$3.7B	$4.6B
Cash and cash equivalents at end of period	$5.2B	$5.6B	$5.9B	$3.7B

3M Company cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net income including noncontrolling interests	$3.0B	$1.6B	$659.0M	$2.7B
Depreciation and amortization	$997.0M	$661.0M	$326.0M	$878.0M
Company pension and postretirement contributions	($101.0M)	($73.0M)	($38.0M)	($99.0M)
Company pension and postretirement expense	$109.0M	$73.0M	$37.0M	$198.0M
Stock-based compensation expense	$167.0M	$121.0M	$80.0M	$182.0M
Loss on business divestitures	$343.0M	$343.0M	$7.0M	$164.0M
Deferred income taxes	$211.0M	$120.0M	$75.0M	$298.0M
Accounts receivable	($557.0M)	($414.0M)	($248.0M)	($451.0M)
Inventories	($344.0M)	($132.0M)	($51.0M)	($92.0M)
Accounts payable	$315.0M	$421.0M	$120.0M	$67.0M
Other — net	($2.1B)	($1.2B)	($393.0M)	($3.0B)
Net cash provided by (used in) operating activities	$2.0B	$1.6B	$574.0M	$723.0M
Purchases of property, plant and equipment (PP&E)	($704.0M)	($448.0M)	($225.0M)	($662.0M)
Proceeds from sale of PP&E and other assets	$14.0M	$14.0M	$2.0M	$69.0M
Acquisitions, net of cash acquired	($1.9B)	—	—	—
Purchases of marketable securities and investments	($575.0M)	($294.0M)	($155.0M)	($839.0M)
Proceeds from maturities and sale of marketable securities and investments	$965.0M	$622.0M	$436.0M	$3.2B
Proceeds from (payments for) sale of businesses, net of cash sold	($326.0M)	($326.0M)	—	—
Other — net	$24.0M	$9.0M	$2.0M	($3.0M)
Net cash provided by (used in) investing activities	($2.5B)	($423.0M)	$60.0M	$1.8B
Repayment of debt (maturities greater than 90 days)	($650.0M)	$0	$0	($1.8B)
Proceeds from debt (maturities greater than 90 days)	$3.2B	$0	$0	$1.1B
Purchases of treasury stock	($3.2B)	($3.0B)	($2.0B)	($2.7B)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans	$702.0M	$364.0M	$302.0M	$1.2B
Proceeds from investment by noncontrolling interest	$1.3B	—	—	—
Dividends paid to shareholders	($1.2B)	($813.0M)	($412.0M)	($1.2B)
Other — net	($38.0M)	($16.0M)	($15.0M)	($39.0M)
Net cash provided by (used in) financing activities	$25.0M	($3.5B)	($2.1B)	($3.4B)
Effect of exchange rate changes on cash and cash equivalents	($5.0M)	($5.0M)	($13.0M)	$36.0M
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale	($446.0M)	($2.3B)	($1.5B)	($885.0M)
Less: net increase (decrease) in cash classified within assets held for sale	($46.0M)	($46.0M)	$3.0M	$44.0M
Net increase (decrease) in cash and cash equivalents	($400.0M)	($2.3B)	($1.5B)	($929.0M)
Cash and cash equivalents at beginning of year	$5.2B	$5.2B	$5.2B	$5.6B
Cash and cash equivalents at end of period	$4.8B	$3.0B	$3.7B	$4.7B

3M Company score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.