3M Company (MMM) Financial Statements (2025 and earlier)

Company Profile

Business Address 3M CENTER
ST PAUL, MN 55144-1000
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments     404107
Cash and cash equivalent      9
Short-term investments     40498
Receivables3,1944,7504,5324,6604,7054,791
Inventory, net of allowances, customer advances and progress billings3,6984,8225,3724,9854,2394,134
Inventory3,6984,8225,3724,9854,2394,134
Prepaid expense436485435654675704
Other current assets828336456339325891
Other undisclosed current assets7,7285,9863,8934,7654,6342,344
Total current assets:15,88416,37914,68815,40314,98212,971
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    106  
Operating lease, right-of-use asset565759829858864858
Property, plant and equipment7,3889,1599,178 9,4219,333
Intangible assets, net (including goodwill)7,49117,15317,48918,77419,63719,823
Goodwill6,28112,92712,79013,48613,80213,444
Intangible assets, net (excluding goodwill)1,2104,2264,6995,2885,8356,379
Other noncurrent assets8,5407,1304,2712,6082,4401,674
Other undisclosed noncurrent assets    9,323  
Total noncurrent assets:23,98434,20131,76731,66932,36231,688
TOTAL ASSETS:39,86850,58046,45547,07247,34444,659
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7034,5144,1344,2743,6083,124
Taxes payable260300194
Employee-related liabilities1,020747702
Accounts payable2,6603,2453,1832,9942,5612,228
Accrued liabilities1,0431,269951   
Debt1,9192,9471,9381,3078062,795
Other liabilities5,4717,6113,1903,1913,2783,056
Other undisclosed current liabilities163225261263256247
Total current liabilities:11,25615,2979,5239,0357,9489,222
Noncurrent Liabilities
Long-term debt and lease obligation11,12513,08814,00116,64718,59818,125
Long-term debt, excluding current maturities11,12513,08814,00116,05617,98917,518
Liabilities, other than long-term debt13,59317,3278,1616,2737,8677,186
Liability, pension and other postretirement and postemployment benefits1,8132,4711,9662,8704,4053,911
Other liabilities11,37514,3225,6153,4033,4623,275
Operating lease, liability405534580591609607
Total noncurrent liabilities:24,71830,41522,16222,92026,46525,311
Total liabilities:35,97445,71231,68531,95534,41334,533
Equity
Equity, attributable to parent3,8424,80714,72215,04612,86710,063
Common stock999999
Treasury stock, value(34,462)(32,859)(33,255)(30,463)(29,404)(29,849)
Additional paid in capital7,2296,9566,6916,4296,1625,907
Accumulated other comprehensive loss(5,731)(6,778)(6,673)(6,750)(7,661)(8,139)
Retained earnings36,79737,47947,95045,82143,76142,135
Equity, attributable to noncontrolling interest526148716463
Total equity:3,8944,86814,77015,11712,93110,126
TOTAL LIABILITIES AND EQUITY:39,86850,58046,45547,07247,34444,659

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues24,57532,68134,22935,35532,18432,136
Cost of revenue(14,447)(18,477)(19,232)(18,795)(16,605)(17,136)
Gross profit:10,12814,20414,99716,56015,57915,000
Operating expenses(4,221)(21,490)(6,596)(7,197)(6,540)(6,915)
Other undisclosed operating loss(1,085)(1,842)(1,862)(1,994)(1,878)(1,911)
Operating income (loss):4,822(9,128)6,5397,3697,1616,174
Nonoperating income (expense)(3)(560)(147)(165)(450)(462)
Investment income, nonoperating1,564    (162)
Gain (loss), foreign currency transaction, before tax  (40)127(105)(21) 
Interest and debt expense(1,191)(942)(462)(488)(10)(448)
Other undisclosed income from continuing operations before equity method investments, income taxes   46248810 
Income (loss) from continuing operations before equity method investments, income taxes:3,628(10,630)6,3927,2046,7115,264
Other undisclosed income from continuing operations before income taxes1,191942   448
Income (loss) from continuing operations before income taxes:4,819(9,688)6,3927,2046,7115,712
Income tax expense (benefit)(804)2,691(612)(1,285)(1,318)(1,130)
Income (loss) from continuing operations:4,015(6,997)5,7805,9195,3934,582
Income before gain (loss) on sale of properties:5,9195,3934,582
Loss from discontinued operations(1,681)     
Other undisclosed net income (loss)1,854181110(5) 
Net income (loss):4,188(6,979)5,7915,9295,3884,582
Net loss attributable to noncontrolling interest(15)(16)(14)(8)(4)(12)
Net income (loss) available to common stockholders, diluted:4,173(6,995)5,7775,9215,3844,570

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):4,188(6,979)5,7915,9295,3884,582
Other comprehensive income (loss)462(105)69970476(421)
Comprehensive income (loss):4,650(7,084)5,8606,8995,8644,161
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(16)(6)(7)(2)(11)
Comprehensive income (loss), net of tax, attributable to parent:4,636(7,100)5,8546,8925,8624,150

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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