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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 5,600 $ 5,735
Marketable securities — current 2,128 50
Accounts receivable — net of allowances of $60 and $62 3,194 3,601
Inventories    
Finished goods 1,849 1,842
Work in process 1,051 1,242
Raw materials and supplies 798 860
Total inventories 3,698 3,944
Prepaids 436 344
Other current assets 828 326
Current assets of discontinued operations 0 2,379
Total current assets 15,884 16,379
Property, plant and equipment 23,406 23,494
Less: Accumulated depreciation (16,018) (15,804)
Property, plant and equipment — net 7,388 7,690
Operating lease right of use assets 565 657
Goodwill 6,281 6,382
Intangible assets — net 1,210 1,323
Other assets 8,540 6,806
Non-current assets of discontinued operations 0 11,343
Total assets 39,868 50,580
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,919 2,947
Accounts payable 2,660 2,776
Accrued payroll 712 695
Accrued income taxes 331 304
Operating lease liabilities — current 163 192
Other current liabilities 5,471 6,660
Current liabilities of discontinued operations 0 1,723
Total current liabilities 11,256 15,297
Long-term debt 11,125 13,088
Pension and postretirement benefits 1,813 2,156
Operating lease liabilities 405 464
Other liabilities 11,375 14,021
Non-current liabilities of discontinued operations 0 686
Total liabilities 35,974 45,712
Commitments and contingencies (Note 19)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 7,229 6,956
Retained earnings 36,797 37,479
Treasury stock, at cost: (34,462) (32,859)
Accumulated other comprehensive income (loss) (5,731) (6,778)
Total 3M Company shareholders’ equity 3,842 4,807
Noncontrolling interest 52 61
Total equity 3,894 4,868
Total liabilities and equity $ 39,868 $ 50,580