3M CO

10-K & 10-Q Filings

3M Company is a diversified technology company incorporated in Delaware in 1929. Its ticker symbol is MMM. The company operates in four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Its business segments bring together common technologies, enhancing innovation and resource efficiency. The company's products are sold through various distribution channels, including directly to users and through wholesalers, retailers, and dealers worldwide. 3M employs approximately 85,000 people, with a focus on health and safety, development, diversity, equity, and inclusion, and compensation and benefits. The company's products are protected by numerous patents, trademarks, and licenses. Its business operations are subject to various governmental regulations and environmental laws. 3M's website is https://investors.3M.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$29611.00
29904.00
30871.00
31821.00
30274.00
30109.00
31657.00
32765.00
32136.00
32184.00
35355.00
34229.00
32681.00
8031.00
8003.00
0.83%-0.35%Cost of Revenue (-)
$15693.00
15685.00
16106.00
16447.00
15383.00
15040.00
16001.00
16682.00
17136.00
16605.00
18795.00
19232.00
18477.00
4613.00
4329.00
1.37%-6.16%Gross Profit (+)
$13918.00
14219.00
14765.00
15374.00
14891.00
15069.00
15656.00
16083.00
15000.00
15579.00
16560.00
14997.00
14204.00
3418.00
3674.00
0.17%7.49%Selling, General & Administrative (-)
$6170.00
6102.00
6384.00
6469.00
6182.00
6111.00
6572.00
7602.00
7029.00
6929.00
7197.00
9049.00
21526.00
1705.00
1736.00
10.97%1.82%Non-recurring Operating Expenses (-)
$
271.00
Operating Expenses (-)
$6170.00
6102.00
6384.00
6469.00
6182.00
6111.00
7836.00
8876.00
8826.00
8418.00
9191.00
8458.00
23332.00
1705.00
1736.00
11.72%1.82%Costs & Expenses (Total) (-)
$21863.00
21787.00
22490.00
22916.00
21565.00
21151.00
23837.00
25558.00
25962.00
25023.00
27986.00
27690.00
41809.00
6318.00
6065.00
5.55%-4.00%Operating Income/Loss (+)
$6178.00
6483.00
6666.00
7135.00
6946.00
7223.00
7820.00
7207.00
6174.00
7161.00
7369.00
6539.00
-9128.00
1241.00
1501.00
20.95%Non-operating Income/Expense (+)
$-147.00
-132.00
-104.00
-109.00
-123.00
-170.00
-272.00
-207.00
-462.00
-455.00
-155.00
-136.00
-560.00
-52.00
-264.00
-407.69%Earnings before Tax (+)
$6031.00
6351.00
6562.00
7026.00
6823.00
7053.00
7548.00
7000.00
5712.00
6711.00
7204.00
6392.00
-9688.00
1189.00
1237.00
4.04%Tax Expense (-)
$1674.00
1840.00
1841.00
2028.00
1982.00
1995.00
2679.00
1637.00
1130.00
1318.00
1285.00
612.00
-2691.00
210.00
305.00
45.24%Income/Loss (Continuing Operations) (+)
$4357.00
4511.00
4721.00
4998.00
4841.00
5058.00
4869.00
5363.00
4582.00
5393.00
5919.00
5780.00
-6997.00
979.00
932.00
-4.80%Profit/Loss (+)
$4357.00
4511.00
4721.00
4998.00
4841.00
5058.00
4869.00
5363.00
4582.00
5388.00
5929.00
5791.00
-6979.00
981.00
933.00
-4.89%Net Income/Loss (NCI) (-)
$74.00
67.00
62.00
42.00
8.00
8.00
11.00
14.00
12.00
4.00
8.00
14.00
16.00
5.00
5.00
-11.98%0.00%Net Income/Loss (+)
$4283.00
4444.00
4659.00
4956.00
4833.00
5050.00
4858.00
5349.00
4570.00
5384.00
5921.00
5777.00
-6995.00
976.00
928.00
-4.92%Net Income/Loss (Common) (+)
$4283.00
4444.00
4659.00
4956.00
4833.00
5050.00
4858.00
5349.00
4570.00
5384.00
5921.00
5777.00
-6995.00
976.00
928.00
-4.92%EPS (Basic)
$6.05
6.40
6.83
7.63
7.72
8.35
8.13
9.09
7.92
9.32
10.23
10.21
-12.63
1.77
1.67
-5.65%EPS (Diluted)
$5.96
6.32
6.72
7.49
7.58
8.16
7.93
8.89
7.81
9.25
10.12
10.18
-12.63
1.76
1.67
-5.11%Weighted Avg Shares (Basic)
708.50
693.90
681.90
649.20
625.60
604.70
597.50
588.50
577.00
577.60
579.00
566.00
553.90
552.70
555.00
-2.03%0.42%Weighted Avg Shares (Diluted)
719.00
703.30
693.60
662.00
637.20
618.70
612.70
602.00
585.10
582.20
585.30
567.60
553.90
553.20
555.90
-2.15%0.49%Cash
$2219.00
2883.00
2581.00
1897.00
1798.00
2398.00
3053.00
2853.00
Short-term Investments
$1461.00
1648.00
756.00
626.00
118.00
280.00
1076.00
380.00
98.00
404.00
201.00
238.00
53.00
145.00
60.00
-24.15%-58.62%Receivables
$3867.00
4061.00
4253.00
4238.00
4154.00
4392.00
4911.00
5020.00
4791.00
4705.00
4660.00
4532.00
4750.00
4638.00
4750.00
1.73%2.41%Inventory
$3416.00
3837.00
3864.00
3706.00
3518.00
3385.00
4034.00
4366.00
4134.00
4239.00
4985.00
5372.00
4822.00
5306.00
4897.00
2.91%-7.71%Prepaid Expenses (Current)
$
937.00
741.00
704.00
675.00
654.00
435.00
485.00
558.00
655.00
17.38%Other Assets (Current)
$1277.00
1201.00
1279.00
1298.00
1398.00
1271.00
266.00
349.00
3244.00
4959.00
4903.00
4111.00
6269.00
4316.00
11251.00
14.18%160.68%Assets (Current)
$12240.00
13630.00
12733.00
11765.00
10986.00
11726.00
14277.00
13709.00
12971.00
14982.00
15403.00
14688.00
16379.00
14963.00
21613.00
2.46%44.44%Securities & Long-term Investments
$1051.00
1325.00
1575.00
930.00
126.00
145.00
Property, Plant & Equipment (Net)
$7666.00
8378.00
8652.00
8489.00
8515.00
8516.00
8866.00
8738.00
9333.00
9421.00
9429.00
9178.00
9159.00
9247.00
9072.00
1.49%-1.89%Accumulated Depreciation
$13500.00
14147.00
14416.00
14352.00
14583.00
14983.00
16048.00
16135.00
16791.00
17229.00
16820.00
17711.00
17049.00
17603.00
2.29%3.25%Goodwill & Intangibles
$8963.00
9310.00
9033.00
8485.00
11850.00
11486.00
13449.00
12708.00
19823.00
19637.00
18774.00
17489.00
17153.00
17440.00
16914.00
5.56%-3.02%Other Assets
$1696.00
1233.00
1557.00
1600.00
1241.00
1033.00
1395.00
1345.00
1674.00
2440.00
3466.00
4271.00
7130.00
4353.00
6900.00
12.71%58.51%Assets (Non-current)
$19376.00
20246.00
20817.00
19504.00
21732.00
21180.00
23710.00
22791.00
31688.00
32362.00
31669.00
31767.00
34201.00
31923.00
33630.00
4.85%5.35%Assets (Total)
$31616.00
33876.00
33550.00
31269.00
32718.00
32906.00
37987.00
36500.00
44659.00
47344.00
47072.00
46455.00
50580.00
46886.00
55243.00
3.99%17.82%Accounts Payable
$2674.00
2834.00
2924.00
2974.00
2670.00
2775.00
3125.00
3258.00
3124.00
3608.00
4274.00
4134.00
4514.00
4002.00
4362.00
4.46%9.00%Debt (Current)
$682.00
1085.00
1683.00
106.00
2044.00
972.00
1853.00
1211.00
247.00
1307.00
1938.00
2947.00
3012.00
820.00
12.97%-72.78%Other Liabilities (Current)
$2085.00
2281.00
2891.00
2918.00
2404.00
2472.00
2709.00
2775.00
5851.00
4340.00
3454.00
3451.00
7836.00
3542.00
7974.00
11.66%125.13%Liabilities (Current)
$5441.00
6200.00
7498.00
5998.00
7118.00
6219.00
7687.00
7244.00
9222.00
7948.00
9035.00
9523.00
15297.00
10556.00
13156.00
9.00%24.63%Debt (Non-current)
$4484.00
4916.00
4326.00
6731.00
8753.00
10678.00
12096.00
13411.00
18125.00
17989.00
16056.00
14001.00
13088.00
12948.00
20593.00
9.34%59.04%Other Liabilities
$5829.00
4720.00
3778.00
5398.00
5100.00
5666.00
6582.00
5997.00
7186.00
8476.00
6864.00
8161.00
17327.00
8031.00
16561.00
9.50%106.21%Liabilities (Non-current)
$10313.00
9636.00
8104.00
12129.00
13853.00
16344.00
18678.00
19408.00
25311.00
26465.00
22920.00
22162.00
30415.00
20979.00
37154.00
9.43%77.10%Liabilities (Total)
$15754.00
15836.00
15602.00
18127.00
20971.00
22563.00
26365.00
26652.00
34533.00
34413.00
31955.00
31685.00
45712.00
31535.00
50310.00
9.28%59.54%Treasury Stock
$11679.00
12407.00
15385.00
19307.00
23308.00
25434.00
25887.00
29626.00
29849.00
29404.00
30463.00
33255.00
32859.00
32963.00
32762.00
9.00%-0.61%Retained Earnings
$28348.00
30679.00
32416.00
34317.00
36575.00
37907.00
39115.00
40636.00
42135.00
43761.00
45821.00
47950.00
37479.00
47966.00
37472.00
2.35%-21.88%AOCI
$-5025.00
-4750.00
-3913.00
-6289.00
-6359.00
-7245.00
-7026.00
-6866.00
-8139.00
-7661.00
-6750.00
-6673.00
-6778.00
-6530.00
-6826.00
-4.53%Shareholder's Equity
$15862.00
18040.00
17948.00
13142.00
11747.00
10343.00
11622.00
9848.00
10126.00
12931.00
15117.00
14770.00
4868.00
15351.00
4933.00
-9.37%-67.87%Liabilities & Equity
$31616.00
33876.00
33550.00
31269.00
32718.00
32906.00
37987.00
36500.00
44659.00
47344.00
47072.00
46455.00
50580.00
46886.00
55243.00
3.99%17.82%Net Income/Loss
$4357.00
4511.00
4721.00
4998.00
4841.00
5058.00
4869.00
5363.00
4582.00
5388.00
5929.00
5791.00
-6979.00
981.00
933.00
-4.89%Depreciation & Amortization
$1236.00
1288.00
1371.00
1408.00
1435.00
1474.00
1544.00
1488.00
1593.00
1911.00
1915.00
1831.00
1987.00
466.00
430.00
4.04%-7.73%Increase/Decrease in Working Capital
$659.00
197.00
327.00
-77.00
662.00
43.00
-616.00
152.00
-692.00
-856.00
524.00
-184.00
-15296.00
224.00
775.00
245.98%Share-based Compensation
$226.00
-273.00
311.00
456.00
565.00
166.00
657.00
712.00
635.00
668.00
480.00
441.00
419.00
172.00
83.00
5.28%-51.74%Adjustments to Reconcile Net Income
$927.00
789.00
1096.00
1628.00
1579.00
1604.00
1371.00
1076.00
2488.00
2725.00
1525.00
-200.00
13659.00
294.00
-166.00
25.13%-156.46%Net Cash (Operating)
$5284.00
5300.00
5817.00
6626.00
6420.00
6662.00
6240.00
6439.00
7070.00
8113.00
7454.00
5591.00
6680.00
1275.00
767.00
1.97%-39.84%Capital Expenditure
$-2083.00
2489.00
1529.00
1452.00
4219.00
1236.00
2282.00
456.00
6324.00
822.00
1552.00
1536.00
1436.00
472.00
354.00
-25.00%Net Cash (Investing)
$-2718.00
-2686.00
-856.00
-596.00
-2817.00
-1403.00
-3086.00
222.00
-6444.00
-580.00
-1317.00
-1046.00
-1207.00
-386.00
-393.00
-1.81%Increase/Decrease in Debt
$2551.00
722.00
-37.00
1010.00
3482.00
1043.00
1603.00
933.00
3249.00
-1875.00
-1145.00
-838.00
-46.00
-43.00
5509.00
12911.63%Increase/Decrease in Equity
$-1799.00
-1192.00
-3603.00
-4684.00
-4603.00
-2949.00
-1334.00
-4385.00
-860.00
61.00
-1560.00
-1083.00
231.00
158.00
-3.00
-101.90%Dividends Paid
$1555.00
1635.00
1730.00
2216.00
2561.00
2678.00
2803.00
3193.00
3316.00
3388.00
3420.00
3369.00
3311.00
827.00
835.00
6.50%0.97%Net Cash (Financing)
$-3675.00
-2058.00
-5246.00
-6603.00
-3648.00
-4626.00
-2655.00
-6701.00
-1124.00
-5300.00
-6145.00
-5350.00
-3147.00
-716.00
4621.00
745.39%Effect of Exchange Rate
$-49.00
108.00
-17.00
-111.00
-54.00
-33.00
156.00
-160.00
-2.00
48.00
-62.00
-104.00
-48.00
-4.00
-17.00
-325.00%Increase/Decrease in Cash
$-1158.00
664.00
-302.00
-684.00
-99.00
600.00
655.00
-200.00
-500.00
2281.00
-70.00
-909.00
2278.00
169.00
4978.00
2845.56%Cash (Beginning)
$3377.00
2219.00
2883.00
2581.00
1897.00
1798.00
2398.00
3053.00
2853.00
2353.00
4634.00
4564.00
3655.00
3655.00
5933.00
0.66%62.33%Cash (Ending)
$2219.00
2883.00
2581.00
1897.00
1798.00
2398.00
3053.00
2853.00
2353.00
4634.00
4564.00
3655.00
5933.00
3824.00
10911.00
8.54%185.33%NOPAT
$4463.20
4604.76
4795.82
5075.54
4928.27
5179.91
5044.46
5521.59
4952.60
5754.62
6054.57
5912.93
-11663.45
1021.82
1130.91
10.68%Gross Margin %
47.00%
47.55%
47.83%
48.31%
49.19%
50.05%
49.46%
49.09%
46.68%
48.41%
46.84%
43.81%
43.46%
42.56%
45.91%
Operating Margin %
20.86%
21.68%
21.59%
22.42%
22.94%
23.99%
24.70%
22.00%
19.21%
22.25%
20.84%
19.10%
-27.93%
15.45%
18.76%
NOPAT Margin %
15.07%
15.40%
15.54%
15.95%
16.28%
17.20%
15.93%
16.85%
15.41%
17.88%
17.13%
17.27%
-35.69%
12.72%
14.13%
Net Margin %
14.46%
14.86%
15.09%
15.57%
15.96%
16.77%
15.35%
16.33%
14.22%
16.73%
16.75%
16.88%
-21.40%
12.15%
11.60%
Tax Rate %
27.76%
28.97%
28.06%
28.86%
29.05%
28.29%
35.49%
23.39%
19.78%
19.64%
17.84%
9.57%
-27.78%
17.66%
24.66%
ROA
14.12%
13.59%
14.29%
16.23%
15.06%
15.74%
13.28%
15.13%
11.09%
12.15%
12.86%
12.73%
-23.06%
2.18%
2.05%
ROE
28.14%
25.53%
26.72%
38.62%
41.95%
50.08%
43.40%
56.07%
48.91%
44.50%
40.05%
40.03%
-239.59%
6.66%
22.93%
ROIC
19.91%
18.80%
19.97%
22.68%
18.98%
19.80%
16.39%
18.54%
16.99%
19.80%
21.47%
22.17%
-44.33%
3.83%
4.35%
Asset Turnover
0.94
0.88
0.92
1.02
0.93
0.92
0.83
0.90
0.72
0.68
0.75
0.74
0.65
0.17
0.14
Inventory Turnover
4.59
4.09
4.17
4.44
4.37
4.44
3.97
3.82
4.15
3.92
3.77
3.58
3.83
0.87
0.88
Equity Multiplier
1.99
1.88
1.87
2.38
2.79
3.18
3.27
3.71
4.41
3.66
3.11
3.15
10.39
3.05
11.20
Current Ratio
2.25
2.20
1.70
1.96
1.54
1.89
1.86
1.89
1.41
1.89
1.70
1.54
1.07
1.42
1.64
Quick Ratio
1.39
1.39
1.01
1.13
0.85
1.14
1.18
1.14
0.53
0.64
0.54
0.50
0.31
0.45
0.37
Debt/Equity Ratio
0.33
0.33
0.33
0.52
0.92
1.13
1.20
1.48
1.81
1.39
1.15
1.08
3.29
1.04
4.34
Working Capital/Sales
0.20
0.23
0.20
0.17
0.18
0.20
0.27
0.25
Dividend Payout Ratio %
34.84%
35.51%
36.07%
43.66%
51.97%
51.70%
55.57%
57.83%
66.95%
58.87%
56.49%
56.98%
28.39%
80.93%
73.83%
Total Payout
$803.00
2105.00
5370.00
5890.00
3682.00
4584.00
2534.00
6645.00
927.00
5202.00
6125.00
5290.00
3126.00
712.00
-4671.00
11.99%-756.04%Payout Ratio %
17.99%
45.71%
111.97%
116.05%
74.71%
88.50%
50.23%
120.35%
18.72%
90.40%
101.16%
89.47%
26.80%
69.68%
-413.03%