v3.26.1
Supplemental Equity and Comprehensive Income Information
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Supplemental Equity and Comprehensive Income Information
Note 8. Supplemental Equity and Comprehensive Income Information
Common stock ($.01 par value per share) of 3 billion shares is authorized. Preferred stock, without par value, of 10 million shares is authorized but unissued.
Cash dividends declared and paid totaled $0.78 and $0.73 per share for the first and second quarters of 2026 and 2025, respectively, or $1.56 and $1.46 per share for the first six months of 2026 and 2025, respectively.
The table below presents the consolidated changes in equity for the three and six months ended June 30, 2026 and 2025:
3M Company ShareholdersNoncontrolling interestTotal equity
(Millions)Common stock and additional paid-in capitalRetained earningsTreasury stockAccumulated other comprehensive income (loss)
Balance at March 31, 2026
$7,509$38,162$(37,309)$(5,099)$48 $3,311 
Net income 933 5 938 
Other comprehensive income (loss), net of tax46 — 46 
Dividends declared(401)(401)
Stock-based compensation40 40 
Reacquired stock(991)(991)
Issuances pursuant to stock option and benefit plans(61)123 62 
Balance at June 30, 2026
$7,549 $38,633 $(38,177)$(5,053)$53 $3,005 
Balance at March 31, 2025
$7,310 $37,432 $(34,747)$(5,531)$59 $4,523 
Net income723 2 725 
Other comprehensive income (loss), net of tax305 — 305 
Solventum spin-off(14)11 (3)
Dividends declared(390)(390)
Stock-based compensation44 44 
Reacquired stock(946)(946)
Issuances pursuant to stock option and benefit plans(58)151 93 
Balance at June 30, 2025
$7,354 $37,693 $(35,542)$(5,215)$61 $4,351 
Balance at December 31, 2025
$7,449 $38,258 $(35,936)$(5,069)$45 $4,747 
Net income1,586 11 1,597 
Other comprehensive income (loss), net of tax16 (3)13 
Dividends declared(813)(813)
Stock-based compensation100 100 
Reacquired stock(3,003)(3,003)
Issuances pursuant to stock option and benefit plans(398)762 364 
Balance at June 30, 2026
$7,549 $38,633 $(38,177)$(5,053)$53 $3,005 
Balance at December 31, 2024
$7,238 $36,797 $(34,462)$(5,731)$52 $3,894 
Net income1,839 8 1,847 
Other comprehensive income (loss), net of tax505 — 505 
Solventum spin-off(14)11 (3)
Dividends declared(786)(786)
Purchase of noncontrolling interest1 1 
Stock-based compensation116 116 
Reacquired stock(2,221)(2,221)
Issuances pursuant to stock option and benefit plans(143)1,141 998 
Balance at June 30, 2025$7,354 $37,693 $(35,542)$(5,215)$61 $4,351 
The table below presents the changes in accumulated other comprehensive income (loss) attributable to 3M ("AOCI"), including the reclassifications out of AOCI by component:
(Millions)
Cumulative translation adjustment
Defined benefit pension and postretirement plans adjustment
Cash flow hedging instruments, unrealized gain (loss)(a)    
Total accumulated other comprehensive income (loss)
Balance at March 31, 2026, net of tax:
$(2,612)$(2,404)$(83)$(5,099)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(9)— (5)(14)
Amounts reclassified out— 62 7 69 
Total other comprehensive income (loss), before tax(9)62 2 55 
Tax effect(b)
7 (15)(1)(9)
Total other comprehensive income (loss), net of tax(2)47 1 46 
Balance at June 30, 2026, net of tax:
$(2,614)$(2,357)$(82)$(5,053)
Balance at March 31, 2025, net of tax:
$(2,782)$(2,705)$(44)$(5,531)
Other comprehensive income (loss), before tax:
Amounts before reclassifications287 (7)(91)189 
Amounts reclassified out— 71 (14)57 
Total other comprehensive income (loss), before tax287 64 (105)246 
Tax effect(b)
52 (15)22 59 
Total other comprehensive income (loss), net of tax339 49 (83)305 
Solventum spin-off— 11 — 11 
Balance at June 30, 2025, net of tax:
$(2,443)$(2,645)$(127)$(5,215)
Balance at December 31, 2025, net of tax:
$(2,520)$(2,451)$(98)$(5,069)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(76)— 8 (68)
Amounts reclassified out— 125 15 140 
Total other comprehensive income (loss), before tax(76)125 23 72 
Tax effect(b)
(18)(31)(7)(56)
Total other comprehensive income (loss), net of tax(94)94 16 16 
Balance at June 30, 2026, net of tax:
$(2,614)$(2,357)$(82)$(5,053)
Balance at December 31, 2024, net of tax:
$(2,953)$(2,763)$(15)$(5,731)
Other comprehensive income (loss), before tax:
Amounts before reclassifications436 (7)(105)324 
Amounts reclassified out— 147 (37)110 
Total other comprehensive income (loss), before tax436 140 (142)434 
Tax effect(b)
74 (33)30 71 
Total other comprehensive income (loss), net of tax510 107 (112)505 
Solventum spin-off— 11 — 11 
Balance at June 30, 2025, net of tax:
$(2,443)$(2,645)$(127)$(5,215)
(a)    Based on exchange rates as of June 30, 2026, the after-tax net unrealized loss expected to be reclassified over the next 12 months is not significant, and the related impact will be offset by earnings or losses from underlying hedged items.
(b)     Includes tax expense (benefit) reclassified out of AOCI, which was not significant for the periods presented.
Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation do include impacts from items such as net investment hedge transactions. The Company uses the portfolio approach for releasing income tax effects from accumulated other comprehensive income.
Additional details on the amounts reclassified from accumulated other comprehensive income (loss) into consolidated income include:
•Defined benefit pension and postretirement plan adjustments: amounts were reclassified into other (expense) income, net (see Note 12).
•Cash flow hedging instruments, realized gain (loss): amounts from foreign currency forward/option contracts were reclassified into cost of sales, while amounts from interest rate contracts were reclassified into interest expense (see Note 13).
•The tax effects, if applicable, associated with these reclassifications were reflected in provision for income taxes.