Long-Term Debt and Short-Term Borrowings

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Long-Term Debt and Short-Term Borrowings

Note 12. Long-Term Debt and Short-Term Borrowings

2024 issuances, maturities, and extinguishments of short- and long-term debt are described in Note 14 to the Consolidated Financial Statements in 3M's 2024 Annual Report on Form 10-K. The Consolidated Statements of Cash Flows include the results of continuing and discontinued operations and, therefore, information regarding similar debt-related activity for 2024 includes activity associated with Solventum through its April 2024 Separation.

The Company had no commercial paper outstanding at June 30, 2025 and December 31, 2024.

In the first and second quarter of 2025, 3M repaid $750 million and $500 million, respectively, in aggregate principal amount of fixed rate unsecured notes that matured.

In the first quarter of 2025, 3M issued $1.1 billion aggregate principal amount of fixed rate unsecured notes. These were comprised of $550 million of 5-year notes due 2030 with a coupon rate of 4.80% and $550 million of 10-year notes due 2035 with a coupon rate of 5.15%.

Future Maturities of Long-term Debt: Maturities of long-term debt in the table below reflect the impact of put provisions associated with certain debt instruments and are net of items such as unamortized debt issue costs such that total maturities equal the carrying value of long-term debt as of June 30, 2025. The maturities of long-term debt for the periods subsequent to June 30, 2025 are as follows (in millions):

Remainder of 2025		2026		2027		2028		2029		2030		After 2030		Total
$	669	$	1,619	$	848	$	765	$	1,792	$	1,725	$	5,728	$	13,146