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Supplemental Equity and Comprehensive Income (Loss) Information (Tables)
 9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Consolidated Statement of Changes in Equity
The table below presents the consolidated changes in equity for three and nine months ended September 30, 2024 and 2023:
3M Company Shareholders
(Millions)TotalCommon Stock and Additional Paid-in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive Income (Loss)Non-controlling Interest
Balance at June 30, 2024
$3,988 $7,155$35,475$(33,147)$(5,567)$72 
Net income (loss)1,376 1,372 4 
Other comprehensive income (loss), net of tax
342 343 (1)
Solventum spin-off
4 4 — 
Dividends declared(383)(383)
Stock-based compensation36 36 
Reacquired stock(684)(684)
Dividend to noncontrolling interest(23)(23)
Issuances pursuant to stock option and benefit plans38 (9)47 
Balance at September 30, 2024
$4,694 $7,191 $36,459 $(33,784)$(5,224)$52 
Balance at June 30, 2023
$7,857 $6,867 $40,290 $(32,926)$(6,433)$59 
Net income (loss)
(2,071)(2,075)4 
Other comprehensive income (loss), net of tax(294)(293)(1)
Dividends declared(828)(828)
Stock-based compensation45 45 
Reacquired stock(2)(2)
Dividend to non controlling interest
(3)(3)
Issuances pursuant to stock option and benefit plans27 (12)39 
Balance at September 30, 2023
$4,731 $6,912 $37,375 $(32,889)$(6,726)$59 
3M Company Shareholders
(Millions)TotalCommon Stock and Additional Paid-in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive Income (Loss)Non-controlling Interest
Balance at December 31, 2023
$4,868 $6,965 $37,479 $(32,859)$(6,778)$61 
Net income (loss)3,460 3,445 15 
Total other comprehensive income (loss), net of tax969 970 (1)
Solventum spin-off
(2,165)(2,749)584 
Dividends declared(1,604)(1,604)
Stock-based compensation226 226 
Reacquired stock(1,105)(1,105)
Dividend to noncontrolling interest
(23)(23)
Issuances pursuant to stock option and benefit plans68 (112)180 
Balance at September 30, 2024
$4,694 $7,191 $36,459 $(33,784)$(5,224)$52 
Balance at December 31, 2022
$14,770 $6,700 $47,950 $(33,255)$(6,673)$48 
Net income (loss)
(7,926)(7,940)14 
Total other comprehensive income (loss), net of tax(53)(53)— 
Dividends declared(2,483)(2,483)
Stock-based compensation212 212 
Reacquired stock(31)(31)
Dividend to noncontrolling interest
(3)(3)
Issuances pursuant to stock option and benefit plans245 (152)397 
Balance at September 30, 2023
$4,731 $6,912 $37,375 $(32,889)$(6,726)$59 
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M
The table below presents the changes in accumulated other comprehensive income (loss) attributable to 3M (AOCI), including the reclassifications out of AOCI by component for three and nine months ended September 30, 2024 and 2023:
(Millions)Cumulative Translation AdjustmentDefined Benefit Pension and Postretirement Plans AdjustmentCash Flow Hedging Instruments, Unrealized Gain (Loss)Total Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2024, net of tax:
$(2,795)$(2,737)$(35)$(5,567)
Other comprehensive income (loss), before tax:
Amounts before reclassifications331 — (70)261 
Amounts reclassified out— 63 (21)42 
Total other comprehensive income (loss), before tax331 63 (91)303 
Tax effect2
38 (15)17 40 
Total other comprehensive income (loss), net of tax369 48 (74)343 
Balance at September 30, 2024, net of tax:
$(2,426)$(2,689)$(109)$(5,224)
Balance at June 30, 2023, net of tax:
$(2,688)$(3,737)$(8)$(6,433)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(340)— 66 (274)
Amounts reclassified out— 65 (38)27 
Total other comprehensive income (loss), before tax(340)65 28 (247)
Tax effect2
(24)(15)(7)(46)
Total other comprehensive income (loss), net of tax(364)50 21 (293)
Balance at September 30, 2023, net of tax:
$(3,052)$(3,687)$13 $(6,726)
(Millions)Cumulative Translation AdjustmentDefined Benefit Pension and Postretirement Plans AdjustmentCash Flow Hedging Instruments, Unrealized Gain (Loss)Total Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2023, net of tax:
$(2,506)$(4,218)$(54)$(6,778)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(70)285 14 229 
Amounts reclassified out68 1,035 (78)1,025 
Total other comprehensive income (loss), before tax(2)1,320 (64)1,254 
Tax effect2
18(311)9 (284)
Total other comprehensive income (loss), net of tax16 1,009 (55)970 
Solventum spin-off
64 520 — 584 
Balance at September 30, 2024, net of tax:
$(2,426)$(2,689)$(109)$(5,224)
Balance at December 31, 2022, net of tax:
$(2,828)$(3,838)$(7)$(6,673)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(232)— 144 (88)
Amounts reclassified out39 194 (119)114 
Total other comprehensive income (loss), before tax(193)194 25 26
Tax effect2
(31)(43)(5)(79)
Total other comprehensive income (loss), net of tax(224)151 20 (53)
Balance at September 30, 2023, net of tax:
$(3,052)$(3,687)$13 $(6,726)
Includes tax expense (benefit) reclassified out of AOCI related to the following:
Three months ended September 30,Nine months ended September 30,
(millions)2024202320242023
Cumulative Translation Adjustment
$— $— $— $— 
Defined benefit pension and postretirement plans adjustment(14)(15)(243)(43)
Cash flow hedging instruments, unrealized gain/loss5 9 18 27