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v3.24.3

Business Segments - Schedule of Business Segment Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Business Segment Information |  |  |  |  |  |
Net sales | $ 6,294 | $ 6,270 | $ 18,565 |  | $ 18,608 |
Total Company operating income (loss) | 1,316 | (3,096) | 3,737 |  | (11,588) |
Gain on business divestitures | 0 | 36 | 0 | [1] | 36 | [1]
Total operating expenses | 4,978 | 9,366 | 14,828 |  | 30,196 |
Other expense (income), net | (405) | 206 | (323) |  | 334 |
Income (loss) from continuing operations before income taxes | 1,721 | (3,302) | 4,060 |  | (11,922) |
Operating Segments |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 6,205 | 6,237 | 18,346 |  | 18,507 |
Total Company operating income (loss) | 1,349 | 1,324 | 3,962 |  | 3,577 |
Operating Segments | Safety and Industrial |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 2,767 | 2,751 | 8,258 |  | 8,295 |
Total Company operating income (loss) | 650 | 666 | 1,919 |  | 1,801 |
Operating Segments | Transportation and Electronics |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 2,139 | 2,171 | 6,386 |  | 6,412 |
Total Company operating income (loss) | 436 | 389 | 1,345 |  | 1,093 |
Operating Segments | Consumer |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 1,299 | 1,315 | 3,702 |  | 3,800 |
Total Company operating income (loss) | 263 | 269 | 698 |  | 683 |
Corporate and Unallocated |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 81 | 26 | 193 |  | 71 |
Net costs for significant litigation | (25) | (4,270) | (96) |  | (14,709) |
Divestiture costs | 0 | (7) | (20) |  | (11) |
Gain on business divestitures | 0 | 36 | 0 |  | 36 |
Russia exit (charges) benefits | 0 | 0 | 0 |  | 18 |
Total corporate special items | (25) | (4,241) | (116) |  | (14,666) |
Other corporate (expense) income - net | (14) | (185) | (87) |  | (524) |
Total operating expenses | (39) | (4,426) | (203) |  | (15,190) |
Other |  |  |  |  |  |
Business Segment Information |  |  |  |  |  |
Net sales | 8 | 7 | 26 |  | 30 |
Total Company operating income (loss) | $ 6 | $ 6 | $ (22) |  | $ 25 |
[1] | The Consolidated Statements of Cash Flows include the results of continuing and discontinued operations and, therefore, also include cash and cash equivalents associated with Solventum through its April 2024 separation from 3M that were presented in current assets of discontinued operations in the 3M Consolidated Balance Sheet.

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