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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate
The effective tax rates were as follows:
Three months ended June 30,Six months ended June 30,
(Percent of pre-tax income)2025202420252024
Effective tax rate 26.6 %14.4 %22.1 %18.1 %
3M estimates that year-on-year foreign currency transaction effects, including hedging impacts, approximately impacted pre-tax income as follows:
Three months ended June 30,Six months ended June 30,
(Millions)2025202420252024
Year-on-year foreign currency transaction effects on pre-tax income $(30)$2 $(25)$(19)
Schedule of Components of Deferred Tax Assets and Liabilities
Net deferred tax assets (net of valuation allowance and deferred tax liabilities) are included as components of other assets and other liabilities within the Consolidated Balance Sheet. This net balance was the following:
(Billions)
June 30, 2025December 31, 2024
Net deferred tax assets
$3.7$3.8