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Restructuring Actions (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The related restructuring charges for periods presented were recorded in the income (loss) statement as follows:
(Millions) |  |  |  |  |  | 2024 |  | 2023
Cost of sales |  |  |  |  |  | $ | 30 |  |  | $ | 89 |
Selling, general and administrative expenses |  |  |  |  |  | 142 |  |  | 295 |
Research, development and related expenses |  |  |  |  |  | 15 |  |  | 31 |
Total operating income impact |  |  |  |  |  | $ | 187 |  |  | $ | 415 |
The business segment operating income (loss) impact of these restructuring charges is summarized as follows:
|  | 2024 |  | 2023
(Millions) |  | Employee Related |  | Asset-Related and Other |  | Total |  | Employee Related |  | Asset-Related and Other |  | Total
Safety and Industrial |  | $ | 72 |  |  | $ | 15 |  |  | $ | 87 |  |  | $ | 89 |  |  | $ | — |  |  | $ | 89 |
Transportation and Electronics |  | 36 |  |  | 9 |  |  | 45 |  |  | 62 |  |  | — |  |  | 62 |
Consumer |  | 22 |  |  | 13 |  |  | 35 |  |  | 26 |  |  | — |  |  | 26 |
Corporate and unallocated |  | 6 |  |  | 14 |  |  | 20 |  |  | 171 |  |  | 67 |  |  | 238 |
Total operating expense |  | $ | 136 |  |  | $ | 51 |  |  | $ | 187 |  |  | $ | 348 |  |  | $ | 67 |  |  | $ | 415 |
Schedule of Restructuring Reserve by Type of Cost | Restructuring actions, including cash and non-cash impacts, follow:
(Millions) |  | Employee-Related |  | Asset-Related and Other |  | Total
Expense incurred in 2023 |  | $ | 348 |  |  | $ | 67 |  |  | $ | 415 |
Non-cash changes |  | — |  |  | (67) |  |  | (67) |
Adjustments |  | (10) |  |  | — |  |  | (10) |
Cash payments |  | (239) |  |  | — |  |  | (239) |
Accrued restructuring action balance as of December 31, 2023 |  | 99 |  |  | — |  |  | 99 |
Incremental expense (benefit) incurred in 2024 |  | 136 |  |  | 51 |  |  | 187 |
Non-cash changes |  | — |  |  | (51) |  |  | (51) |
Adjustments |  | 6 |  |  | — |  |  | 6 |
Cash payments |  | (161) |  |  | — |  |  | (161) |
Accrued restructuring action balance as of December 31, 2024 |  | $ | 80 |  |  | $ | — |  |  | $ | 80 |
The remaining period of activities related to these approved and committed actions aligns with 3M's PFAS exit timeframe.
(Millions) |  | Employee-Related
Accrued restructuring action balance as of December 31, 2023 |  | $ | 60 |
Expense incurred in 2024 |  | 66 |
Non-cash changes |  | — |
Adjustments |  | (5) |
Cash payments |  | (35) |
Accrued restructuring action balance as of December 31, 2024 |  | $ | 86 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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