v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
Note 9. Income Taxes
The effective tax rates were as follows:
Three months ended
September 30,		Nine months ended
September 30,
(Percent of pre-tax income)2026202520262025
Effective tax rate 15.7 %26.8 %18.1 %23.7 %
The primary factors that decreased the Company's effective tax rate for the three months ended September 30, 2026, compared to the same period in 2025, were the tax impacts of 3M's retained ownership interest in Solventum and the tax impacts of net costs of significant litigation.
The primary factors that decreased the Company's effective tax rate for the nine months ended September 30, 2026, compared to the same period in 2025, were the increased tax benefits from stock-based compensation and the tax impacts of net costs of significant litigation.
Net deferred tax assets (net of valuation allowance and deferred tax liabilities) are included as components of other assets and other liabilities within the Consolidated Balance Sheet. This net balance was comprised of the following:
(Millions)September 30, 2026December 31, 2025
Deferred tax asset (net of valuation allowance)$3,534$3,826
Deferred tax liability743418
Net deferred tax assets$2,791$3,408