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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 6,326 $ 5,600
Marketable securities — current 698 2,128
Accounts receivable — net of allowances of $52 and $60 3,501 3,194
Inventories    
Finished goods 1,944 1,849
Work in process 1,097 1,051
Raw materials and supplies 828 798
Total inventories 3,869 3,698
Prepaids 485 493
Other current assets 778 771
Total current assets 15,657 15,884
Property, plant and equipment 23,643 23,406
Less: accumulated depreciation (16,287) (16,018)
Property, plant and equipment — net 7,356 7,388
Operating lease right of use assets 587 565
Goodwill 6,337 6,281
Intangible assets — net 1,185 1,210
Other assets 8,829 8,540
Total assets 39,951 39,868
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,169 1,919
Accounts payable 2,756 2,660
Accrued payroll 451 712
Accrued income taxes 359 331
Operating lease liabilities — current 176 163
Other current liabilities 4,540 5,471
Total current liabilities 9,451 11,256
Long-term debt 12,307 11,125
Pension and postretirement benefits 1,804 1,813
Operating lease liabilities 415 405
Other liabilities 11,451 11,375
Total liabilities 35,428 35,974
Commitments and contingencies (Note 17)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 7,301 7,229
Retained earnings 37,432 36,797
Treasury stock, at cost: (34,747) (34,462)
Accumulated other comprehensive income (loss) (5,531) (5,731)
Total 3M Company shareholders’ equity 4,464 3,842
Noncontrolling interest 59 52
Total equity 4,523 3,894
Total liabilities and equity $ 39,951 $ 39,868