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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table provides information by level for material assets and liabilities that are measured at fair value on a recurring basis at September 30, 2025 and December 31, 2024.
Fair value atFair value measurements using inputs considered as
Level 1Level 2Level 3
(Millions)September 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Description
Assets:
Available-for-sale marketable securities:
Asset backed securities
$49 $24 $— $— $49 $24 $— $— 
Foreign corporate debt
7 31 — — 7 31 — — 
U.S. government securities
89 138 89 138 — — — — 
Corporate debt securities210 819 — — 210 819 — — 
Commercial paper83 658 — — 83 658 — — 
Certificates of deposit/time deposits63 185 — — 63 185 — — 
U.S. treasury securities12 269 12 269 — — — — 
U.S. municipal securities20 20 — — — — 20 20 
Solventum common stock1,867 2,270 1,867 2,270 — — — — 
Derivative instruments — assets:
Foreign currency forward/option contracts and cross-currency swaps145 142 — — 145 142 — — 
Liabilities:
Derivative instruments — liabilities:
Foreign currency forward/option contracts and cross-currency swaps 315 84 — — 315 84 — — 
Interest rate contracts23 81 — — 23 81 — — 
Schedule of Fair Value, by Balance Sheet Grouping Information with respect to the carrying amounts and estimated fair values of these financial instruments follow:
September 30, 2025December 31, 2024
(Millions)
Carrying value
Fair value
Carrying value
Fair value
Long-term debt, excluding current portion$11,854 $10,844 $11,125 $9,856