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Supplemental Equity and Comprehensive Income (Loss) Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Stockholders' Equity Note [Abstract] |
Consolidated Statement of Changes in Equity | Consolidated Changes in Equity Three months ended June 30, 2023
|  |  |  | 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 March 31, 2023 |  | $ | 15,351 |  |  | $ | 6,825 |  | $ | 47,966 |  | $ | (32,963) |  |  | $ | (6,530) |  |  | $ | 53 |
Net income (loss) |  | (6,836) |  |  |  |  | (6,841) |  |  |  |  |  |  | 5 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | 25 |  |  |  |  |  |  |  |  | 24 |  |  | 1 |
Defined benefit pension and post-retirement plans adjustment |  | 50 |  |  |  |  |  |  |  |  | 50 |  |  |
Cash flow hedging instruments |  | 23 |  |  |  |  |  |  |  |  | 23 |  |  |
Total other comprehensive income (loss), net of tax |  | 98 |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (828) |  |  |  |  | (828) |  |  |  |  |  |  |
Stock-based compensation |  | 42 |  |  | 42 |  |  |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 30 |  |  |  |  | (7) |  |  | 37 |  |  |  |  |
Balance at June 30, 2023 |  | $ | 7,857 |  |  | $ | 6,867 |  |  | $ | 40,290 |  |  | $ | (32,926) |  |  | $ | (6,433) |  |  | $ | 59 |
Three months ended June 30, 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 March 31, 2022 |  | $ | 15,004 |  | $ | 6,568 |  | $ | 46,056 |  | $ | (30,860) |  |  | $ | (6,834) |  |  | $ | 74 |
Net income |  | 82 |  |  |  | 78 |  |  |  |  |  | 4 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | (705) |  |  |  |  |  |  |  | (701) |  |  | (4) |
Defined benefit pension and post-retirement plans adjustment |  | 85 |  |  |  |  |  |  |  |  | 85 |  |  |
Cash flow hedging instruments |  | 88 |  |  |  |  |  |  |  |  | 88 |  |  |
Total other comprehensive income (loss), net of tax |  | (532) |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (848) |  |  |  |  | (848) |  |  |  |  |  |  |
Stock-based compensation |  | 48 |  |  | 48 |  |  |  |  |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 62 |  |  |  |  | (17) |  |  | 79 |  |  |  |  |
Balance at June 30, 2022 |  | $ | 13,816 |  |  | $ | 6,616 |  | $ | 45,269 |  | $ | (30,781) |  |  | $ | (7,362) |  |  | $ | 74 |
Six months ended June 30, 2023
|  |  |  | 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, 2022 |  | $ | 14,770 |  |  | $ | 6,700 |  |  | $ | 47,950 |  |  | $ | (33,255) |  |  | $ | (6,673) |  |  | $ | 48 |
Net income (loss) |  | (5,855) |  |  |  |  | (5,865) |  |  |  |  |  |  | 10 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | 141 |  |  |  |  |  |  |  |  | 140 |  |  | 1 |
Defined benefit pension and post-retirement plans adjustment |  | 101 |  |  |  |  |  |  |  |  | 101 |  |  |
Cash flow hedging instruments |  | (1) |  |  |  |  |  |  |  |  | (1) |  |  |
Total other comprehensive income (loss), net of tax |  | 241 |  |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (1,655) |  |  |  |  | (1,655) |  |  |  |  |  |  |
Stock-based compensation |  | 167 |  |  | 167 |  |  |  |  |  |  |  |  |
Reacquired stock |  | (29) |  |  |  |  |  |  | (29) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 218 |  |  |  |  | (140) |  |  | 358 |  |  |  |  |
Balance at June 30, 2023 |  | $ | 7,857 |  |  | $ | 6,867 |  |  | $ | 40,290 |  |  | $ | (32,926) |  |  | $ | (6,433) |  |  | $ | 59 |
Six months ended June 30, 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 |  | 1,385 |  |  |  |  | 1,377 |  |  |  |  |  |  | 8 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative translation adjustment |  | (876) |  |  |  |  |  |  |  | (871) |  |  | (5)
Defined benefit pension and post-retirement plans adjustment |  | 172 |  |  |  |  |  |  |  |  | 172 |  |  |
Cash flow hedging instruments |  | 87 |  |  |  |  |  |  |  |  | 87 |  |  |
Total other comprehensive income (loss), net of tax |  | (617) |  |  |  |  |  |  |  |  |  |
Dividends declared |  | (1,700) |  |  |  |  | (1,700) |  |  |  |  |  |  |
Stock-based compensation |  | 178 |  |  | 178 |  |  |  |  |  |  |  |  |
Reacquired stock |  | (773) |  |  |  |  |  |  | (773) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 226 |  |  |  |  | (229) |  |  | 455 |  |  |  |  |
Balance at June 30, 2022 |  | $ | 13,816 |  |  | $ | 6,616 |  |  | $ | 45,269 |  |  | $ | (30,781) |  |  | $ | (7,362) |  |  | $ | 74 |
Schedule of 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 June 30, 2023
(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 March 31, 2023, net of tax: |  | $ | (2,712) |  |  | $ | (3,787) |  |  | $ | (31) |  |  | $ | (6,530) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | 3 |  |  | — |  |  | 72 |  |  | 75 |
Amounts reclassified out |  | 39 |  |  | 65 |  |  | (40) |  | 64 |
Total other comprehensive income (loss), before tax |  | 42 |  |  | 65 |  |  | 32 |  |  | 139 |
Tax effect |  | (18) |  | (15) |  |  | (9) |  | (42) |
Total other comprehensive income (loss), net of tax |  | 24 |  |  | 50 |  |  | 23 |  |  | 97 |
Balance at June 30, 2023, net of tax: |  | $ | (2,688) |  |  | $ | (3,737) |  |  | $ | (8) |  |  | $ | (6,433) |
Three months ended June 30, 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 March 31, 2022, net of tax: |  | $ | (2,113) |  |  | $ | (4,666) |  |  | $ | (55) |  | $ | (6,834) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | (664) |  | — |  |  | 128 |  |  | (536)
Amounts reclassified out |  | — |  |  | 112 |  |  | (15) |  |  | 97 |
Total other comprehensive income (loss), before tax |  | (664) |  | 112 |  |  | 113 |  |  | (439)
Tax effect |  | (37) |  | (27) |  |  | (25) |  | (89) |
Total other comprehensive income (loss), net of tax |  | (701) |  | 85 |  |  | 88 |  |  | (528)
Balance at June 30, 2022, net of tax: |  | $ | (2,814) |  |  | $ | (4,581) |  |  | $ | 33 |  |  | $ | (7,362) |
Six months ended June 30, 2023
(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, 2022, net of tax: |  | $ | (2,828) |  |  | $ | (3,838) |  |  | $ | (7) |  |  | $ | (6,673) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | 108 |  |  | — |  |  | 78 |  |  | 186 |
Amounts reclassified out |  | 39 |  |  | 129 |  |  | (81) |  | 87 |
Total other comprehensive income (loss), before tax |  | 147 |  |  | 129 |  |  | (3) |  |  | 273 |
Tax effect |  | (7) |  | (28) |  |  | 2 |  |  | (33) |
Total other comprehensive income (loss), net of tax |  | 140 |  |  | 101 |  |  | (1) |  |  | 240 |
Balance at June 30, 2023, net of tax: |  | $ | (2,688) |  |  | $ | (3,737) |  |  | $ | (8) |  |  | $ | (6,433) |
Six months ended June 30, 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 |  | (814) |  | — |  |  | 134 |  |  | (680)
Amounts reclassified out |  | — |  |  | 227 |  |  | (22) |  |  | 205 |
Total other comprehensive income (loss), before tax |  | (814) |  | 227 |  |  | 112 |  |  | (475)
Tax effect |  | (57) |  | (55) |  |  | (25) |  | (137) |
Total other comprehensive income (loss), net of tax |  | (871) |  | 172 |  |  | 87 |  |  | (612)
Balance at June 30, 2022, net of tax: |  | $ | (2,814) |  |  | $ | (4,581) |  |  | $ | 33 |  |  | $ | (7,362) |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Reclassifications out of Accumulated Other Comprehensive Income (Loss) Attributable to 3M
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Location on Income (Loss) Statement
|  | Three months ended June 30, |  | Six months ended June 30, |  |
(Millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |  |  |  |
Cumulative translation adjustment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassification adjustment associated with Russia (see Note 13) |  | $ | (39) |  |  | $ | — |  |  | $ | (39) |  |  | $ | — |  |  |  |  |  |  |  |  | Selling, general and administrative expenses
Total before tax |  | (39) |  |  | — |  |  | (39) |  |  | — |  |  |  |  |  |  |  |  |
Tax effect |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Net of tax |  | (39) |  |  | — |  |  | (39) |  |  | — |  |  |  |  |  |  |  |  |
Defined benefit pension and postretirement plans adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains (losses) associated with defined benefit pension and postretirement plans amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transition asset |  | $ | (1) |  |  | $ | (1) |  |  | $ | (1) |  |  | $ | (1) |  |  |  |  |  |  |  | Other (expense) income, net
Prior service benefit |  | 14 |  |  | 15 |  |  | 27 |  |  | 28 |  |  |  |  |  |  |  |  | Other (expense) income, net
Net actuarial loss |  | (78) |  |  | (125) |  |  | (155) |  |  | (252) |  |  |  |  |  |  |  |  | Other (expense) income, net
Curtailments/Settlements |  | — |  |  | (1) |  |  | — |  |  | (2) |  |  |  |  |  |  |  |  | Other (expense) income, net
Total before tax |  | (65) |  |  | (112) |  |  | (129) |  |  | (227) |  |  |  |  |  |  |  |  |
Tax effect |  | 15 |  |  | 27 |  |  | 28 |  |  | 55 |  |  |  |  |  |  |  |  | Provision for income taxes
Net of tax |  | (50) |  |  | (85) |  |  | (101) |  |  | (172) |  |  |  |  |  |  |  |  |
Cash flow hedging instruments gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward/option contracts |  | 42 |  |  | 17 |  |  | 85 |  |  | 26 |  |  |  |  |  |  |  |  | Cost of sales
Interest rate contracts |  | (2) |  |  | (2) |  |  | (4) |  |  | (4) |  |  |  |  |  |  |  |  | Interest expense
Total before tax |  | 40 |  |  | 15 |  |  | 81 |  |  | 22 |  |  |  |  |  |  |  |  |
Tax effect |  | (8) |  |  | (3) |  |  | (18) |  | (5) |  |  |  |  |  |  |  |  | Provision for income taxes
Net of tax |  | 32 |  |  | 12 |  |  | 63 |  |  | 17 |  |  |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  | $ | (57) |  |  | $ | (73) |  |  | (77) |  |  | $ | (155) |  |  |  |  |  |  |  |  |

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