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Supplemental Equity and Comprehensive Income Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Stockholders' Equity Note [Abstract] |
Consolidated statement of changes in equity | Consolidated Changes in Equity Three months ended March 31, 2022
|  |  |  | 3M Company Shareholders |  |
(Millions) |  | Total |  | Common Stock and Additional Paid-in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Income (Loss) |  | Non- controlling Interest
Balance at December 31, 2021 |  | $ | 15,117 |  | $ | 6,438 |  | $ | 45,821 |  | $ | (30,463) |  |  | $ | (6,750) |  |  | $ | 71
Net income |  | 1,303 |  |  |  | 1,299 |  |  |  |  |  | 4
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | (171) |  |  |  |  |  |  |  | (170) |  | (1) |
Defined benefit pension and post-retirement plans adjustment |  | 87 |  |  |  |  |  |  |  | 87 |  |
Cash flow hedging instruments |  | (1) |  |  |  |  |  |  |  |  | (1) |  |  |
Total other comprehensive income (loss), net of tax |  | (85) |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (852) |  |  |  |  | (852) |  |  |  |  |  |  |
Stock-based compensation |  | 130 |  | 130 |  |  |  |  |  |  |  |
Reacquired stock |  | (773) |  |  |  |  |  |  | (773) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 164 |  |  |  | (212) |  |  | 376 |  |  |  |
Balance at March 31, 2022 |  | $ | 15,004 |  | $ | 6,568 |  | $ | 46,056 |  | $ | (30,860) |  |  | $ | (6,834) |  |  | $ | 74
Three months ended March 31, 2021
|  |  |  | 3M Company Shareholders |  |
(Millions) |  | Total |  | Common Stock and Additional Paid-in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Income (Loss) |  | Non- controlling Interest
Balance at December 31, 2020 |  | $ | 12,931 |  | $ | 6,171 |  | $ | 43,821 |  | $ | (29,404) |  |  | $ | (7,721) |  |  | $ | 64
Net income |  | 1,627 |  |  |  | 1,624 |  |  |  |  |  | 3
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | (222) |  |  |  |  |  |  |  | (223) |  |  | 1
Defined benefit pension and post-retirement plans adjustment |  | 119 |  |  |  |  |  |  |  | 119 |  |  |
Cash flow hedging instruments |  | 58 |  |  |  |  |  |  |  |  | 58 |  |  |
Total other comprehensive income (loss), net of tax |  | (45) |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (858) |  |  |  |  | (858) |  |  |  |  |  |  |
Stock-based compensation |  | 121 |  | 121 |  |  |  |  |  |  |  |  |
Reacquired stock |  | (243) |  |  |  |  |  |  | (243) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 295 |  |  |  | (332) |  |  | 627 |  |  |  |  |
Balance at March 31, 2021 |  | $ | 13,828 |  | $ | 6,292 |  | $ | 44,255 |  | $ | (29,020) |  |  | $ | (7,767) |  |  | $ | 68
Changes in accumulated other comprehensive income (loss) attributable to 3M | Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M by Component Three months ended March 31, 2022
(Millions) |  | Cumulative Translation Adjustment |  | Defined Benefit Pension and Postretirement Plans Adjustment |  | Cash Flow Hedging Instruments, Unrealized Gain (Loss) |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021, net of tax: |  | $ | (1,943) |  |  | $ | (4,753) |  |  | $ | (54) |  |  | $ | (6,750) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | (150) |  | — |  | 6 |  |  | (144)
Amounts reclassified out |  | — |  | 115 |  | (7) |  | 108
Total other comprehensive income (loss), before tax |  | (150) |  | 115 |  | (1) |  |  | (36)
Tax effect |  | (20) |  | (28) |  |  | — |  | (48) |
Total other comprehensive income (loss), net of tax |  | (170) |  | 87 |  | (1) |  |  | (84)
Balance at March 31, 2022, net of tax: |  | $ | (2,113) |  |  | $ | (4,666) |  |  | $ | (55) |  |  | $ | (6,834) |
Three months ended March 31, 2021
(Millions) |  | Cumulative Translation Adjustment |  | Defined Benefit Pension and Postretirement Plans Adjustment |  | Cash Flow Hedging Instruments, Unrealized Gain (Loss) |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2020, net of tax: |  | $ | (1,450) |  |  | $ | (6,098) |  |  | $ | (173) |  | $ | (7,721) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | (176) |  | — |  |  | 66 |  |  | (110)
Amounts reclassified out |  | — |  | 159 |  | 9 |  |  | 168
Total other comprehensive income (loss), before tax |  | (176) |  | 159 |  | 75 |  |  | 58
Tax effect |  | (47) |  | (40) |  |  | (17) |  | (104) |
Total other comprehensive income (loss), net of tax |  | (223) |  | 119 |  | 58 |  |  | (46)
Balance at March 31, 2021, net of tax: |  | $ | (1,673) |  |  | $ | (5,979) |  |  | $ | (115) |  |  | $ | (7,767) |
Reclassifications out of accumulated other comprehensive income | Reclassifications out of Accumulated Other Comprehensive Income Attributable to 3M
Details about Accumulated Other Comprehensive Income Components |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  |  |  |  | Location on Income Statement
|  | Three months ended March 31, |  |  |
(Millions) |  | 2022 |  | 2021 |  |  |  |  |
Defined benefit pension and postretirement plans adjustments |  |  |  |  |  |  |  |  |  |
Gains (losses) associated with defined benefit pension and postretirement plans amortization |  |  |  |  |  |  |  |  |  |
Transition asset |  | $ | — |  |  | $ | — |  |  |  |  |  | Other (expense) income, net
Prior service benefit |  | 13 |  |  | 15 |  |  |  |  |  | Other (expense) income, net
Net actuarial loss |  | (127) |  |  | (173) |  |  |  |  |  |  | Other (expense) income, net
Curtailments/Settlements |  | (1) |  |  | (1) |  |  |  |  |  |  | Other (expense) income, net
Total before tax |  | (115) |  |  | (159) |  |  |  |  |  |  |
Tax effect |  | 28 |  | 40 |  |  |  |  |  | Provision for income taxes
Net of tax |  | (87) |  |  | (119) |  |  |  |  |  |  |
Cash flow hedging instruments gains (losses) |  |  |  |  |  |  |  |  |  |
Foreign currency forward/option contracts |  | 9 |  |  | (7) |  |  |  |  |  | Cost of sales
Interest rate contracts |  | (2) |  |  | (2) |  |  |  |  |  |  | Interest expense
Total before tax |  | 7 |  |  | (9) |  |  |  |  |  |
Tax effect |  | (2) |  | 2 |  |  |  |  |  |  | Provision for income taxes
Net of tax |  | 5 |  |  | (7) |  |  |  |  |  |
Total reclassifications for the period, net of tax |  | $ | (82) |  |  | $ | (126) |  |  |  |  |  |  |

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