v3.26.1
Supplemental Income Statement Information (Tables)
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of Other Expense (Income), Net
Other expense (income), net:
Three months ended June 30,Six months ended June 30,
(Millions)2026202520262025
Interest expense(a)
$202 $237 $416 $492 
Interest income(32)(50)(81)(129)
Pension and postretirement net periodic benefit cost (benefit)(b)
(3)23 (5)51 
Solventum ownership - change in value(c)
(303)7 53(336)
Total$(136)$217 $383$78 
(a)     Interest expense related to outstanding debt is as follows below. Interest expense in the table above also includes imputed interest associated with the obligations resulting from the PWS Settlement, New Jersey Settlement, and CAE Settlement (all discussed in Note 15).
Three months ended June 30,Six months ended June 30,
(Millions)2026202520262025
Interest expense related to outstanding debt
$106 $116 $212 $226 
(b)     Pension and postretirement net periodic benefit income described in the table above includes all components of defined benefit plan net periodic benefit cost (benefit) except service cost, which is reported in various operating expense lines. Refer to Note 12 for additional details on the components of pension and postretirement net periodic benefit cost (benefit).
(c)     Solventum ownership - change in value relates to the change in value of 3M's retained ownership interest in common stock of Solventum Corporation, an independent public company ("Solventum"), in connection with 3M's spin-off its former health care business completed in April 2024 ("Solventum Spin-off"). As of June 30, 2026 and December 31, 2025, the balance of unrealized gain on this investment was $1.4 billion and $1.5 billion, respectively.
Schedule of Currency Effects 3M estimates that year-on-year foreign currency transaction effects impacted pre-tax income (loss) approximately as follows. These estimates include transaction gains and losses, including derivative instruments designed to reduce foreign currency exchange rate risks.
Three months ended June 30,Six months ended June 30,
(Millions)2026202520262025
Year-on-year change in pre-tax income (loss) from foreign currency transactions$(13)$(30)$(39)$(25)
The effective tax rates were as follows:
Three months ended June 30,Six months ended June 30,
(Percent of pre-tax income)2026202520262025
Effective tax rate 16.3 %26.6 %20.2 %22.1 %