XML 92 R78.htm IDEA: XBRL DOCUMENT
v3.24.2

Derivatives - Income Location and Impact of Cash Flow (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Cost of sales |  |  |  |
Information regarding cash flow and fair value hedging relationships: |  |  |  |
Total consolidated financial statement line item amount | $ 3,571 | $ 3,728 | $ 7,056 | $ 7,472
Other expense (income), net |  |  |  |
Information regarding cash flow and fair value hedging relationships: |  |  |  |
Total consolidated financial statement line item amount | (138) | 72 | 82 | 128
Foreign currency forward/option contracts | Derivatives not designated as hedging instruments | Cost of sales |  |  |  |
Information regarding derivatives not designated as hedging instruments: |  |  |  |
Foreign currency forward/option contracts | 2 | 13 | 7 | 5
Foreign currency forward/option contracts | Derivatives not designated as hedging instruments | Other expense (income), net |  |  |  |
Information regarding derivatives not designated as hedging instruments: |  |  |  |
Foreign currency forward/option contracts | 4 | (39) | 6 | (13)
Cash flow hedge | Foreign currency forward/option contracts | Cost of sales |  |  |  |
(Gain) or loss on cash flow hedging relationships: |  |  |  |
Amount of (gain) or loss reclassified from accumulated other comprehensive income (loss) into income | (32) | (42) | (61) | (85)
Cash flow hedge | Foreign currency forward/option contracts | Other expense (income), net |  |  |  |
(Gain) or loss on cash flow hedging relationships: |  |  |  |
Amount of (gain) or loss reclassified from accumulated other comprehensive income (loss) into income | 0 | 0 | 0 | 0
Cash flow hedge | Interest rate contracts | Cost of sales |  |  |  |
(Gain) or loss on cash flow hedging relationships: |  |  |  |
Amount of (gain) or loss reclassified from accumulated other comprehensive income (loss) into income | 0 | 0 | 0 | 0
Cash flow hedge | Interest rate contracts | Other expense (income), net |  |  |  |
(Gain) or loss on cash flow hedging relationships: |  |  |  |
Amount of (gain) or loss reclassified from accumulated other comprehensive income (loss) into income | 2 | 2 | 4 | 4
Fair value hedges | Interest rate contracts | Cost of sales |  |  |  |
(Gain) or loss on fair value hedging relationships: |  |  |  |
Hedged items | 0 | 0 | 0 | 0
Fair value hedges | Interest rate contracts | Other expense (income), net |  |  |  |
(Gain) or loss on fair value hedging relationships: |  |  |  |
Hedged items | 2 | (9) | (9) | 3
Fair value hedges | Interest rate contracts | Derivatives designated as hedging instruments | Cost of sales |  |  |  |
(Gain) or loss on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | 0 | 0 | 0 | 0
Fair value hedges | Interest rate contracts | Derivatives designated as hedging instruments | Other expense (income), net |  |  |  |
(Gain) or loss on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | $ (2) | $ 9 | $ 9 | $ (3)

X
- Definition n/a + References No definition available. + Details
Name: | mmm_GainOrLossOnCashFlowHedgingRelationshipsAbstract
Namespace Prefix: | mmm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition n/a + References No definition available. + Details
Name: | mmm_GainOrLossOnFairValueHedgingRelationshipsAbstract
Namespace Prefix: | mmm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 25 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480238/815-25-50-1 + Details
Name: | us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
Name: | us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, before tax and after reclassification, of gain (loss) from derivative instrument designated and qualifying cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, before tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (c) -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_OtherOperatingIncomeExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |