v3.22.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of earnings per share computations
Earnings Per Share Computations
(Amounts in millions, except per share amounts)202220212020
Numerator:
Net income attributable to 3M $5,777 $5,921 $5,449 
Denominator:
Denominator for weighted average 3M common shares outstanding – basic
566.0 579.0 577.6 
Dilution associated with the Company’s stock-based compensation plans 1.6 6.3 4.6 
Denominator for weighted average 3M common shares outstanding – diluted
567.6 585.3 582.2 
Earnings per share attributable to 3M common shareholders – basic
$10.21 $10.23 $9.43 
Earnings per share attributable to 3M common shareholders – diluted
$10.18 $10.12 $9.36 
Schedule of new accounting pronouncements
The table below provides summaries of applicable new accounting pronouncements issued, but not yet adopted by 3M:
Standards Issued and Not Yet Adopted
StandardRelevant DescriptionEffective Date for 3MImpact and Other Matters
ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
Issued in October 2021. Requires acquiring entities to apply ASC 606 to recognize and measure contract assets and liabilities acquired through a business combination.January 1, 2023This guidance is applicable to all business combinations occurring after the effective date.
ASU No. 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Obligations
Issued in September 2022. Requires a buyer in a supplier finance program to disclose the key terms of the program, amount of outstanding obligations, and a rollforward of obligations confirmed and subsequently paid.January 1, 2023, except rollforward disclosure which is not effective until the year-end December 31, 2024As this ASU relates to disclosures only, there will be no impact to 3M’s consolidated results of operations and financial condition.