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Supplemental Equity and Comprehensive Income Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Consolidated Statement of Changes in Equity | The table below presents the consolidated changes in equity for three months ended March 31, 2025 and 2024:
|  |  |  | 3M Company Shareholders |  | Non-controlling interest
(Millions) |  | Total |  | Common stock and additional paid-in capital |  | Retained earnings |  | Treasury stock |  | Accumulated other comprehensive income (loss) |
Balance at December 31, 2024 |  | $ | 3,894 |  |  | $ | 7,238 |  | $ | 36,797 |  | $ | (34,462) |  |  | $ | (5,731) |  |  | $ | 52 |
Net income |  | 1,122 |  |  |  |  | 1,116 |  |  |  |  |  |  | 6 |
Other comprehensive income (loss), net of tax |  | 200 |  |  |  |  |  |  |  |  | 200 |  |  | — |
Dividends declared |  | (396) |  |  |  |  | (396) |  |  |  |  |  |  |
Purchase of non-controlling interest |  | 1 |  | — |  |  |  |  |  |  |  |  | 1 |
Stock-based compensation |  | 72 |  |  | 72 |  |  |  |  |  |  |  |  |
Reacquired stock |  | (1,275) |  |  |  |  |  |  | (1,275) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 905 |  |  |  |  | (85) |  |  | 990 |  |  |  |  |
Balance at March 31, 2025 |  | $ | 4,523 |  |  | $ | 7,310 |  |  | $ | 37,432 |  |  | $ | (34,747) |  |  | $ | (5,531) |  |  | $ | 59 |
Balance at December 31, 2023 |  | $ | 4,868 |  |  | $ | 6,965 |  |  | $ | 37,479 |  |  | $ | (32,859) |  |  | $ | (6,778) |  |  | $ | 61 |
Net income |  | 933 |  |  |  |  | 928 |  |  |  |  |  |  | 5 |
Other comprehensive income (loss), net of tax |  | (47) |  |  |  |  |  |  |  |  | (48) |  |  | 1 |
Dividends declared |  | (835) |  |  |  |  | (835) |  |  |  |  |  |  |
Stock-based compensation |  | 17 |  |  | 17 |  |  |  |  |  |  |  |  |
Reacquired stock |  | (21) |  |  |  |  |  |  | (21) |  |  |  |  |
Issuances pursuant to stock option and benefit plans |  | 18 |  |  |  |  | (100) |  |  | 118 |  |  |  |  |
Balance at March 31, 2024 |  | $ | 4,933 |  |  | $ | 6,982 |  |  | $ | 37,472 |  |  | $ | (32,762) |  |  | $ | (6,826) |  |  | $ | 67 |
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) Attributable to 3M | The table below presents the changes in accumulated other comprehensive income (loss) attributable to 3M (AOCI), including the reclassifications out of AOCI by component for the three months ended March 31, 2025 and 2024:
(Millions) |  | Cumulative translation adjustment |  | Defined benefit pension and postretirement plans adjustment |  | Cash flow hedging instruments, unrealized gain (loss) |  | Total accumulated other comprehensive income (loss)
Balance at December 31, 2024, net of tax: |  | $ | (2,953) |  |  | $ | (2,763) |  |  | $ | (15) |  |  | $ | (5,731) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | 149 |  |  | — |  |  | (14) |  |  | 135 |
Amounts reclassified out |  | — |  |  | 76 |  |  | (23) |  | 53 |
Total other comprehensive income (loss), before tax |  | 149 |  |  | 76 |  |  | (37) |  |  | 188 |
Tax effect 2 |  | 22 |  |  | (18) |  |  | 8 |  |  | 12 |
Total other comprehensive income (loss), net of tax |  | 171 |  |  | 58 |  |  | (29) |  |  | 200 |
Balance at March 31, 2025, net of tax: |  | $ | (2,782) |  |  | $ | (2,705) |  |  | $ | (44) |  |  | $ | (5,531) |
Balance at December 31, 2023, net of tax: |  | $ | (2,506) |  |  | $ | (4,218) |  |  | $ | (54) |  |  | $ | (6,778) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |  |
Amounts before reclassifications |  | (253) |  |  | 67 |  |  | 61 |  |  | (125) |
Amounts reclassified out |  | 57 |  |  | 96 |  |  | (27) |  |  | 126 |
Total other comprehensive income (loss), before tax |  | (196) |  |  | 163 |  |  | 34 |  |  | 1 |
Tax effect 2 |  | (13) |  |  | (28) |  |  | (8) |  |  | (49) |
Total other comprehensive income (loss), net of tax |  | (209) |  |  | 135 |  |  | 26 |  |  | (48) |
Balance at March 31, 2024, net of tax: |  | $ | (2,715) |  |  | $ | (4,083) |  |  | $ | (28) |  |  | $ | (6,826) |
2 Includes tax expense (benefit) reclassified out of AOCI related to the following:
|  |  | Three months ended March 31, |  |  |  |  |
| (millions) |  | 2025 |  | 2024 |  |  |  |  |  |  |
| Cumulative translation adjustment |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  |
| Defined benefit pension and postretirement plans adjustment |  | (18) |  |  | (13) |  |  |  |  |  |  |  |
| Cash flow hedging instruments, realized gain/loss |  | 5 |  |  | 6 |  |  |  |  |  |  |  |

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