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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Amounts recognized in the financial statements with respect to stock-based compensation programs, which include stock options, restricted stock, restricted stock units, performance shares and the General Employees’ Stock Purchase Plan (GESPP), are provided in the following table. Capitalized stock-based compensation amounts were not material.

(Millions)																														2024						2023						2022
Cost of sales																														$	39					$	38					$	42
Selling, general and administrative expenses																														185						165						153
Research, development and related expenses																														44						38						39
Stock-based compensation expenses																														268						241						234
Income tax benefits																														(31)						(41)						(58)
Stock-based compensation expenses (benefits), net of tax																														$	237					$	200					$	176

Schedule of Stock Option Activity

The following table summarizes stock option activity:

(Options in thousands)						Number of Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (months)						Aggregate Intrinsic Value (millions)
Under option —
As of January 1, 2024						34,683						$	167.38
Expired						(3,689)						130.83
Solventum exits						(2,558)						169.45
Share conversion						3,942						151.08
Granted						528						97.15
Exercised						(218)						120.80
Forfeited						(165)						123.91
As of December 31, 2024						32,523						150.50						43						$	55
Options exercisable
As of December 31, 2024						29,959						$	153.29					39						$	12

Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award

The following table summarizes additional information relative to stock options exercised during the respective years:

(in millions)						2024						2023						2022
Cash received from options exercised						$	26					$	147					$	205
Intrinsic value of options exercised						3						29						116
Tax benefit realized related to options exercised						1						6						24

The following table summarizes additional information relative to restricted stock units for the respective years:

(in millions, except per-unit amounts)						2024						2023						2022
Weighted-average grant-date fair value of restricted stock units (per unit) that were granted						$	98.01					$	114.71					$	160.24
Intrinsic value of restricted stock units that vested						73						81						88
Tax benefit realized related to restricted stock units that vested						14						16						17

The following table summarizes additional information relative to performance shares for the respective years:

(in millions, except per-share amounts)						2024						2023						2022
Weighted average grant date fair value per performance share that were granted						$	97.82					$	110.21					$	144.77
Intrinsic value of performance shares that were distributed						9						19						21
Tax benefit realized related to performance shares that were distributed						2						5						4

Schedule of Stock Option Assumptions

For the primary annual stock option grant, the weighted average fair value at the date of grant was calculated using the Black-Scholes option-pricing model and the assumptions that follow.

						2024						2023						2022
Exercise price						$	97.15					$	116.90					$	162.41
Risk-free interest rate						4.4		%				3.8		%				1.9		%
Dividend yield						3.8		%				3.3		%				2.9		%
Expected volatility						24.6		%				22.8		%				21.8		%
Expected life (months)						95						84						83
Black-Scholes fair value						$	20.53					$	22.22					$	25.34

Schedule of Restricted Stock Units Activity

The following table summarizes restricted stock unit activity:

(Units in thousands)						Number of Units						Weighted Average Grant Date Fair Value
Nonvested balance —
As of January 1, 2024						3,798						$	136.55
Vested						(737)						163.69
Solventum exits						(815)						122.38
Share conversion						328						115.54
Granted						4,001						98.01
Forfeited						(425)						109.27
As of December 31, 2024						6,150						104.83

Schedule of Performance Shares Activity

The following table summarizes performance share activity:

(Shares in thousands)						Number of Shares						Weighted Average Grant Date Fair Value
Undistributed balance —
As of January 1, 2024						360						$	136.95
Vested						(101)						176.72
Solventum Exits						(3)						144.75
Share conversion						51						113.35
Granted						338						97.82
Performance change						240						100.86
Forfeited						(103)						102.67
As of December 31, 2024						782						101.99

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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