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Discontinued Operations | 3 Months Ended
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Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | NOTE 2. Discontinued Operations On April 1, 2024, 3M completed the separation of its Health Care business (the Separation) through a pro rata distribution of 80.1% of the outstanding shares of Solventum Corporation (Solventum) to 3M stockholders. As a result, Solventum became an independent public company, 3M no longer consolidates Solventum into 3M’s financial results and the historical net income of Solventum and applicable assets and liabilities included in the Separation are reported in 3M's consolidated financial statements as discontinued operations. Refer to Note 2 to the Consolidated Financial Statements in 3M's 2024 Annual Report on Form 10-K for more information regarding the Separation and the various agreements (supply, transition and other agreements) that provide for the relationship between 3M and Solventum. 3M continuing involvement with Solventum in the form of net sales under supply agreements and income from transition agreements is reflected in amounts disclosed in "Corporate and Other" in Note 19, recorded as net sales and associated costs and recorded as a direct offset to associated costs within selling, general and administrative expenses, respectively. Solventum transition agreement income for the first three months of 2025 was approximately $50 million (approximately $0.2 billion gross fees, net of assigned costs). Transition services or purchases from Solventum are not material to 3M. Amounts due from Solventum and amounts due to Solventum under the agreements referenced above were approximately $0.4 billion and $0.2 billion, respectively, as of March 31, 2025 and as of December 31, 2024. Information regarding net income from discontinued operations, net of taxes includes the following:
|  |  |  | Three months ended March 31, |  |
Net income from discontinued operations, net of taxes (millions) |  |  |  | 2024 |  |  |  |  |  |
Net sales |  |  |  | $ | 1,987 |  |  |  |  |  |
Cost of sales |  |  |  | 844 |  |  |  |  |  |
Other operating expenses |  |  |  | 791 |  |  |  |  |  |
Other expense (income), net |  |  |  | 44 |  |  |  |  |  |
Income from discontinued operations before income taxes |  |  |  | 308 |  |  |  |  |  |
Provision for income taxes |  |  |  | 85 |  |  |  |  |  |
Net income from discontinued operations, net of taxes |  |  |  | $ | 223 |  |  |  |  |  |
Cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statement of Cash Flows for all periods presented. Selected financial information related to cash flows from discontinued operations is below.
|  |  | Three months ended March 31,
Selected Cash Flow Information from Discontinued Operations (millions) |  |  |  | 2024 |  |
Depreciation and amortization |  |  |  | $ | 139 |  |  |
Purchases of property, plant and equipment (PP&E) |  |  |  | 77 |  |  |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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