Below are the financial statements of 3M, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 24,575a | 24,610a | 26,161a |
| Operating expenses | — | — | — |
| Cost of sales | -14,447a | -14,983a | -15,853a |
| Selling, general and administrative expenses | -4,221a | -19,198a | -7,232a |
| Research, development and related expenses | -1,085a | -1,154a | -1,160a |
| Gain on business divestitures | 0a | -36a | -2,724a |
| Goodwill impairment expense | 0a | 0a | -271a |
| Total operating expenses | -19,753a | -35,299a | -21,792a |
| Operating income (loss) | 4,822a | -10,689a | 4,369a |
| Other expense (income), net | 3a | 582a | 165a |
| Income (loss) from continuing operations before income taxes | 4,819a | -11,271a | 4,204a |
| Provision (benefit) for income taxes | -804a | -2,867a | -188a |
| Income (loss) from continuing operations of consolidated group | 4,015a | -8,404a | 4,016a |
| Income (loss) from unconsolidated subsidiaries, net of taxes | 9a | 18a | 11a |
| Net income (loss) from continuing operations including noncontrolling interest | 4,024a | -8,386a | 4,027a |
| Less: Net income (loss) attributable to noncontrolling interest | 15a | 16a | 14a |
| Net income (loss) from continuing operations attributable to 3M | 4,009a | -8,402a | 4,013a |
| Net income (loss) from discontinued operations, net of taxes | 164a | 1,407a | 1,764a |
| Net income (loss) attributable to 3M | 4,173a | -6,995a | 5,777a |
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