v3.26.1
Supplemental Equity and Comprehensive Income Information
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Supplemental Equity and Comprehensive Income Information Supplemental Equity and Comprehensive Income Information
Share Repurchase Program
In November 2025, Solventum's Board of Directors approved a share repurchase program, which authorizes the Company to purchase up to $1 billion of the Company's outstanding common stock. Under this program, the Company repurchased 922,636 shares of its common stock for total consideration of $67 million through open market repurchases during the three months ended March 31, 2026. There were no repurchases made under this program in 2025.
Changes in Accumulated Other Comprehensive Income (Loss) by Component
The table below presents the changes in accumulated other comprehensive income (loss) (“AOCI”), including the reclassifications out of AOCI by component:
Three months ended March 31, 2026
(Millions)Cumulative Translation AdjustmentDefined Benefit Pension and Postretirement PlansCash Flow HedgingTotal Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2025, net of tax:$(130)$(488)$(8)$(625)
Other comprehensive income (loss), before tax:
Amount of gain (loss) recognized in AOCI(55)— 7 (48)
Amount of gain (loss) reclassified from AOCI— 15 2 17 
Total other comprehensive income (loss), before tax(55)15 9 (31)
Tax effect(9)(4)(2)(15)
Total other comprehensive income (loss), net of tax(63)12 7 (45)
Balance at March 31, 2026, net of tax:
$(193)$(477)$(1)$(670)
Three months ended March 31, 2025
(Millions)Cumulative Translation AdjustmentDefined Benefit Pension and Postretirement PlansCash Flow HedgingTotal Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2024, net of tax:$(550)$(526)$20 $(1,056)
Other comprehensive income (loss), before tax:
Amount of gain (loss) recognized in AOCI151 — (11)140 
Amount of gain (loss) reclassified from AOCI— 19 (3)16 
Total other comprehensive income (loss), before tax151 19 (14)156 
Tax effect3 (5)3 1 
Total other comprehensive income (loss), net of tax154 14 (11)157 
Balance at March 31, 2025, net of tax:
$(396)$(512)$9 $(899)
Additional details on the amounts reclassified from AOCI into consolidated income include:
•Defined benefit pension and postretirement plans: amounts were reclassified into other expense (income), net (see Note 10).
•Cash flow hedging: foreign currency forward contract amounts were reclassified into cost of sales (see Note 11).
•The tax effects, if applicable, associated with these reclassifications were reflected in provision for (benefit from) income taxes.