v3.26.3
Supplemental Equity, Redeemable Noncontrolling Interest, and Comprehensive Income Information
 9 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
Supplemental Equity, Redeemable Noncontrolling Interest, and Comprehensive Income Information
Note 8. Supplemental Equity, Redeemable Noncontrolling Interest, 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, second, and third quarters of 2026 and 2025, respectively, or $2.34 and $2.19 per share for the first nine months of 2026 and 2025, respectively.
The table below presents the consolidated changes in equity and redeemable noncontrolling interest for the three and nine months ended September 30, 2026 and 2025:
EquityRedeemable noncontrolling interest
3M Company ShareholdersNonredeemable noncontrolling interestTotal equity
(Millions)Common stock and additional paid-in capitalRetained earningsTreasury stockAccumulated other comprehensive income (loss)
Balance at June 30, 2026
$7,549$38,633$(38,177)$(5,053)$53 $3,005 $— 
Net income (loss) including noncontrolling interests1,414 4 1,418 (8)
Adjustment to redeemable noncontrolling interest(41)(41)41 
Other comprehensive income (loss), net of tax70 — 70 (6)
Dividends declared(403)(403)— 
Stock-based compensation44 44 
Reacquired stock(229)(229)
Issuances pursuant to stock option and benefit plans(16)354 338 
Dividend to noncontrolling interest(15)(15)— 
Investment by noncontrolling interest(18)(18)944 
Balance at September 30, 2026
$7,575 $39,587 $(38,052)$(4,983)$42 $4,169 $971 
Balance at June 30, 2025
$7,354 $37,693 $(35,542)$(5,215)$61 $4,351 
Net income including noncontrolling interests834 7 841 
Other comprehensive income (loss), net of tax93 (4)89 
Dividends declared(389)(389)
Stock-based compensation52 52 
Reacquired stock(473)(473)
Dividend to non controlling interest(17)(17)
Issuances pursuant to stock option and benefit plans(35)256 221 
Balance at September 30, 2025
$7,406 $38,103 $(35,759)$(5,122)$47 $4,675 
Balance at December 31, 2025
$7,449 $38,258 $(35,936)$(5,069)$45 $4,747 $— 
Net income (loss) including noncontrolling interests3,000 15 3,015 (8)
Adjustment to redeemable noncontrolling interest(41)(41)41 
Other comprehensive income (loss), net of tax86 (3)83 (6)
Dividends declared(1,216)(1,216)— 
Stock-based compensation144 144 
Reacquired stock(3,232)(3,232)
Issuances pursuant to stock option and benefit plans(414)1,116 702 
Dividend to noncontrolling interest(15)(15)— 
Investment by noncontrolling interest(18)(18)944 
Balance at September 30, 2026
$7,575 $39,587 $(38,052)$(4,983)$42 $4,169 $971 
Balance at December 31, 2024
$7,238 $36,797 $(34,462)$(5,731)$52 $3,894 
Net income including noncontrolling interests2,673 15 2,688 
Other comprehensive income (loss), net of tax598 (4)594 
Solventum spin-off(14)11 (3)
Dividends declared(1,175)(1,175)
Purchase of noncontrolling interest1 1 
Stock-based compensation168 168 
Reacquired stock(2,694)(2,694)
Dividend to noncontrolling interest(17)(17)
Issuances pursuant to stock option and benefit plans(178)1,397 1,219 
Balance at September 30, 2025$7,406 $38,103 $(35,759)$(5,122)$47 $4,675 
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)    
AOCI
Balance at June 30, 2026, net of tax:
$(2,614)$(2,357)$(82)$(5,053)
Other comprehensive income (loss), before tax:
Amounts before reclassifications43 — (26)17 
Amounts reclassified out— 64 4 68 
Total other comprehensive income (loss), before tax43 64 (22)85 
Tax effect(b)
(4)(16)5 (15)
Total other comprehensive income (loss), net of tax39 48 (17)70 
Balance at September 30, 2026, net of tax:
$(2,575)$(2,309)$(99)$(4,983)
Balance at June 30, 2025, net of tax:
$(2,443)$(2,645)$(127)$(5,215)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(64)111 23 70 
Amounts reclassified out— 71 4 75 
Total other comprehensive income (loss), before tax(64)182 27 145 
Tax effect(b)
(3)(43)(6)(52)
Total other comprehensive income (loss), net of tax(67)139 21 93 
Balance at September 30, 2025, net of tax:
$(2,510)$(2,506)$(106)$(5,122)
Balance at December 31, 2025, net of tax:
$(2,520)$(2,451)$(98)$(5,069)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(33)— (18)(51)
Amounts reclassified out— 189 19 208 
Total other comprehensive income (loss), before tax(33)189 1 157 
Tax effect(b)
(22)(47)(2)(71)
Total other comprehensive income (loss), net of tax(55)142 (1)86 
Balance at September 30, 2026, net of tax:
$(2,575)$(2,309)$(99)$(4,983)
Balance at December 31, 2024, net of tax:
$(2,953)$(2,763)$(15)$(5,731)
Other comprehensive income (loss), before tax:
Amounts before reclassifications372 104 (82)394 
Amounts reclassified out— 218 (33)185 
Total other comprehensive income (loss), before tax372 322 (115)579 
Tax effect(b)
71 (76)24 19 
Total other comprehensive income (loss), net of tax443 246 (91)598 
Solventum spin-off— 11 — 11 
Balance at September 30, 2025, net of tax:
$(2,510)$(2,506)$(106)$(5,122)
(a)    Based on exchange rates as of September 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 related to the following:
Three months ended September 30,Nine months ended September 30,
(Millions)2026202520262025
Defined benefit pension and postretirement plans adjustment$(15)$(17)$(46)$(52)
Tax effects associated with cash flow hedging instruments were not significant in any period 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 AOCI.
Additional details on the amounts reclassified from AOCI 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.