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Pension and Postretirement Benefit Plans
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Pension and Postretirement Benefit Plans Pension and Postretirement Benefit Plans
Transfer of Solventum Sponsored Pension and Postretirement Benefit Plans
Historically, certain employees of Solventum participated in U.S. and non-U.S. retirement plans sponsored by 3M. The primary U.S. defined-benefit pension plan was closed to new participants effective January 1, 2009. In December 2023, 3M committed to the future freeze of U.S. defined benefit pension benefits for non-union U.S. employees, effective December 31, 2028. During March 2024, in advance of the Spin-Off, all U.S. and most remaining 3M sponsored non-U.S. pension and postretirement plan obligations and assets with respect to current and former employees of Solventum were legally transferred to Solventum from 3M, except for certain assets held back within the 3M sponsored pension plans for regulatory purposes. The final asset transfer from the 3M sponsored pension plans occurred in June 2025.
As these plans are sponsored by Solventum, they are accounted for as single employer plans. Therefore, the funded status is reflected in the condensed consolidated balance sheets, and the net periodic benefit costs are included in the condensed consolidated statements of income.
The Company has made deposits for its defined benefit plans with independent trustees. In certain non-U.S. jurisdictions, trust funds and deposits with insurance companies are maintained to provide pension benefits to plan participants and their beneficiaries. There are no plan assets in the U.S. non-qualified plan due to its nature. For the U.S. postretirement health care benefit plan, the Company has set aside amounts at least equal to annual benefit payments with an independent trustee.
Components of net periodic cost and other amounts recognized in other comprehensive (income) loss
Components of net periodic benefit cost and other supplemental information for the three and nine months ended September 30, 2025 and 2024 are as follows:
Three months ended September 30,
Qualified and Non-qualified Pension Benefits
United StatesInternationalPostretirement Benefits
(Millions)202520242025202420252024
Net periodic benefit cost (benefit)
Service cost - Operating$6 $7 $5 $5 $1 $1 
Interest cost24 23 5 5 3 3 
Expected return on plan assets(31)(34)(6)(5)(2)(2)
Amortization of prior service benefit— (1)— — — (1)
Amortization of net actuarial loss16 14 — — 1 1 
Non-operating9 2 (1)— 2 1 
Total net periodic benefit cost (benefit)$15 $9 $4 $5 $3 $2 
Nine months ended September 30,
Qualified and Non-qualified Pension Benefits
United StatesInternationalPostretirement Benefits
(Millions)202520242025202420252024
Net periodic benefit cost (benefit)
Service cost - Operating$18 $14 $15 $14 $3 $2 
Interest cost72 46 15 15 9 6 
Expected return on plan assets(93)(68)(18)(15)(6)(4)
Amortization of prior service benefit— (2)— — — (2)
Amortization of net actuarial loss48 28 — — 3 2 
Non-operating27 4 (3)— 6 2 
Total net periodic benefit cost (benefit)$45 $18 $12 $14 $9 $4 
During the nine months ended September 30, 2025, the Company made cash contributions totaling $4 million to its U.S. pension plans and $13 million to its international pension plans. In 2025, the Company expects to make total cash contributions of approximately $23 million to these plans. The Company funds annually, at a minimum, the statutorily required minimum amount for our qualified plans. Non-qualified plans are unfunded and we pay benefits from our cash on hand. Future contributions will depend on market conditions, interest rates and other factors.
On September 1, 2025, in connection with the sale of the Purification and Filtration business, the Company transferred certain eligible U.S. and international employees from Company-sponsored pension and postretirement benefit plans to benefit plans of the Buyer. The transfers required remeasurement of the plans prior to the calculation of the transfer amount. The net impact of the remeasurements was a decrease of approximately $42 million in the pension and postretirement benefits liability and a corresponding decrease in accumulated other comprehensive income (loss). Additionally, the pension and postretirement benefits liability decreased by $33 million related to the curtailment and settlement of benefits for these employees.