v3.26.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
Note 4. Goodwill and Intangible Assets
Goodwill: The change in the carrying amount of goodwill by business segment was as follows:
(Millions)Safety and IndustrialTransportation and ElectronicsConsumer
Corporate
Total Company
Balance as of December 31, 2025
$4,571$1,525$265$58$6,419
Translation and other(a)
(33)(8)(4) (45)
Balance as of June 30, 2026
$4,538$1,517$261$58$6,374
(a)     The amounts in the “Translation and other” primarily relate to changes in foreign currency exchange rates.
As of June 30, 2026, the Company's accumulated goodwill impairment loss is $0.3 billion.
Acquired Intangible Assets: The carrying amount and accumulated amortization of the Company's acquired finite-lived intangible assets and the balances of non-amortizable intangible assets are presented below:
June 30, 2026December 31, 2025
(Millions)Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Finite-lived intangible assets
Customer related
$1,244 $(961)$1,239 $(925)
Patents and technology545 (524)573 (544)
Definite-lived tradenames
482 (329)482 (318)
Other
48 (31)47 (30)
Total$2,319 $(1,845)$474 $2,341 $(1,817)$524 
Indefinite lived intangible assets(b)    
579 579 
Total intangible assets — net $1,053 $1,103 
(b)    Indefinite lived intangible assets primarily consists of certain tradenames acquired by 3M that are not amortized because they have existed for over 60 years, maintain leading-market share positions, are continuously renewed, and are associated with products expected to generate cash flows for 3M for an indefinite period.
Amortization expense follows:
Three months ended June 30,Six months ended June 30,
(Millions)2026202520262025
Amortization expense $24 $26 $49 $52 
Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2026 follows:
(Millions)
Remainder of 2026
20272028202920302031
After 2031
Amortization expense$51 $84 $59 $57 $56 $56 $111