Income StatementBalance SheetCash FlowSegments
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3M Balance Sheet Statement

Assets, liabilities, and shareholders' equity

3M holds $35.4B in total assets. Shareholders' equity is $3.3B against $11.5B in total debt. Cash and equivalents total $3.7B. The current ratio is 1.59 and debt-to-equity is 3.52. Based on the Q1 2026 filing.

Total Assets$35.4BTotal Stockholders Equity$3.3BLong Term Debt$10.9BCash And Equivalents$3.7BTotal Current Assets$14.4BTotal Current Liabilities$9.0B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$79.5B
P/E Ratio28.53
ROE72.14%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.7B$2.8B$2.8B$2.7B$2.7B$2.8B
Accrued Manufacturing Costs$712.0M$451.0M$594.0M$668.0M$718.0M$420.0M
Compensation and benefits$712.0M$451.0M$594.0M$668.0M$718.0M$420.0M
Other accrued liabilities$6.0B$4.5B$3.2B$4.0B$4.5B$4.1B
Current portion of long-term debt$1.9B———$1.7B—
Derivative Liabilities - Fair Value$101.0M$189.0M$261.0M$199.0M$155.0M$107.0M
Derivative Liabilities, Gross$165.0M$189.0M$395.0M$338.0M$330.0M$297.0M
Derivative Liabilities - Not Offset Policy Election Deduction$165.0M$189.0M$395.0M$338.0M$330.0M$297.0M
Operating Lease Liability Payments - 2024 (Lessee)$132.0M———$125.0M—
Operating Lease Liability Payments - 2025 (Lessee)$63.0M———$53.0M—
Liabilities held for sale$0.0——$54.0M$55.0M$56.0M
Operating lease liabilities, current$163.0M$176.0M$180.0M$174.0M$167.0M$172.0M
Total current liabilities$11.3B$9.5B$7.8B$8.7B$9.6B$9.0B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$3.2B$3.5B$3.8B$3.8B$3.5B$3.8B
Available-for-Sale Debt Securities - Single Maturity Date$2.1B$714.0M$518.0M$533.0M$710.0M$431.0M
Allowance for Doubtful Accounts$60.0M$52.0M$61.0M$54.0M$61.0M$45.0M
Assets held for sale$0.0——$44.0M$46.0M$49.0M
Cash and cash equivalents$5.6B$6.3B$3.7B$4.7B$5.2B$3.7B
Debt securities - current$2.1B$698.0M$502.0M$517.0M$698.0M$420.0M
Other current assets$771.0M$778.0M$734.0M$2.7B$2.8B$2.3B
Derivative Assets - Fair Value$78.0M$113.0M$5.0M$6.0M$17.0M$42.0M
Finished goods$1.8B$1.9B$2.1B$1.9B$1.7B$1.7B
Raw materials and supplies inventory, gross$798.0M$828.0M$854.0M$821.0M$791.0M$822.0M
Work in process$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Inventories$3.7B$3.9B$4.1B$3.9B$3.7B$3.7B
Total current assets$15.9B$15.7B$13.4B$16.1B$16.4B$14.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$0.0$300.0M$300.0M$300.0M$300.0M$300.0M
Deferred Tax Assets - Investments$333.0M———$175.0M—
Goodwill$6.3B$6.3B$6.4B$6.4B$6.4B$6.4B
Equity securities$2.3B———$2.0B$1.7B
Net Investment in Lease$565.0M$587.0M$573.0M$537.0M$516.0M$558.0M
Intangible assets — net$631.0M$606.0M$583.0M$548.0M$524.0M$499.0M
Other intangible assets—net$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Operating lease right-of-use assets$565.0M$587.0M$573.0M$537.0M$516.0M$558.0M
Other non-current assets$9.1B$8.8B$9.0B$6.2B$6.7B$6.6B
Property, plant and equipment, net$7.4B———$7.1B—
Property, plant and equipment at cost$23.4B$23.6B$24.1B$23.9B$23.9B$23.9B
Operating Lease Right-of-Use Assets in Other Assets$565.0M$587.0M$573.0M$537.0M$516.0M$558.0M
Accumulated depreciation$16.0B$16.3B$16.7B$16.7B$16.8B$17.0B
Property and equipment, net$7.4B$7.4B$7.4B$7.2B$7.1B$7.0B
Software and Technology Licenses, Net$9.1B$8.8B$9.0B$6.2B$6.7B$6.6B
Total assets$39.9B$40.0B$38.0B$37.6B$37.7B$35.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$5.7B-$5.5B-$5.2B-$5.1B-$5.1B-$5.1B
Additional paid-in capital$7.2B$7.3B$7.3B$7.4B$7.4B$7.5B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$9.0M$9.0M$9.0M$9.0M$9.0M$9.0M
Retained earnings$36.8B$37.4B$37.7B$38.1B$38.3B$38.2B
Total liabilities and stockholders' equity$39.9B$40.0B$38.0B$37.6B$37.7B$35.4B
Total stockholders' equity$3.8B$4.5B$4.3B$4.6B$4.7B$3.3B
Treasury stock$34.5B$34.7B$35.5B$35.8B$35.9B$37.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$23.4B$23.6B$24.1B$23.9B$23.9B$23.9B
Gross Assets/Liabilities$165.0M$113.0M$395.0M$338.0M$330.0M$297.0M
Accrued customer incentives$607.0M———$624.0M—
Allowance for doubtful accounts$60.0M$52.0M$61.0M$54.0M$61.0M$45.0M
Asset Retirement Obligation$195.0M———$202.0M—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$74.0M$48.0M$50.0M$131.0M$111.0M$121.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$2.1B$666.0M$468.0M$402.0M$599.0M$310.0M
Cash and cash equivalents, end of period$5.6B$6.3B$3.7B$4.7B$5.2B$3.7B
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)3B———3B3B
Common stock, shares issued (in shares)944M944M944M944M944M944M
Common Stock, Shares, Outstanding539.5M538.2M532.6M531.2M530.3M521.6M
Short-term debt and current portion of long-term debt$1.9B$1.2B$669.0M$749.0M$1.7B$1.7B
Estimated Fair Value$2.1B$714.0M$518.0M$533.0M$710.0M$431.0M
Deferred Tax Liabilities, Gross$602.0M———$418.0M$409.0M
Intangible amortization$104.0M———$176.0M—
Miscellaneous accruals$143.0M———$220.0M—
Product and other claims$3.2B———$2.5B—
Deferred Tax Assets, Gross$5.5B———$5.3B—
Lease liabilities$150.0M———$137.0M—
Deferred Tax Assets, Net$3.8B—$3.7B$3.6B$3.4B$3.3B
Deferred Tax Assets, Net of Valuation Allowance$4.4B———$3.8B$3.7B
Net operating/capital loss/tax credit carryforwards$130.0M———$275.0M—
Research and experimentation capitalization$720.0M———$820.0M—
Deferred tax assets, tax credit carryforwards, foreign$143.0M———$210.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$241.0M———$250.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$267.0M———$222.0M—
Deferred Tax Liabilities, Other$188.0M———$256.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$263.0M———$403.0M—
Deferred Tax Liabilities, Right-Of-Use Asset$151.0M———$136.0M—
Plan assets payable to Solventum$88.0M—————
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$64.0M—$134.0M$139.0M$175.0M$190.0M
Derivative, gross, assets$142.0M$113.0M$139.0M$145.0M$192.0M$232.0M
Derivatives, gross, liabilities$165.0M—$395.0M$338.0M$330.0M$297.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$64.0M—$134.0M$139.0M$175.0M$190.0M
Finite-Lived Intangible Assets, Accumulated Amortization$1.8B$1.8B$1.9B$1.8B$1.8B$1.8B
2028$103.0M$85.0M$85.0M$84.0M$84.0M$59.0M
2030$59.0M$57.0M$57.0M$57.0M$57.0M$57.0M
2031$57.0M$56.0M$57.0M$57.0M$57.0M$57.0M
Remainder of 2026—$78.0M$52.0M$25.0M—$73.0M
2027$104.0M$104.0M$105.0M$99.0M$99.0M$85.0M
2029$85.0M$59.0M$59.0M$59.0M$59.0M$57.0M
Finite Lived Intangible Assets Amortization Expense After Year Five$223.0M$167.0M$168.0M$167.0M$168.0M$111.0M
Gross Carrying Amount$2.4B$2.4B$2.5B$2.3B$2.3B$2.3B
Goodwill accumulated impairment losses$0.0$300.0M$300.0M$300.0M$300.0M$300.0M
Indefinite lived intangible assets$579.0M$579.0M$579.0M$579.0M$579.0M$579.0M
Insurance recovery benefits—————$277.0M
Lessee Operating Lease Liability Payments Due$613.0M———$563.0M—
Lessee Operating Lease Liability Undiscounted Excess Amount$45.0M———$33.0M—
Noncontrolling interests in subsidiaries$52.0M$59.0M$61.0M$47.0M$45.0M$48.0M
Number of significant categories of legal proceedings—————2.00
Operating Lease Weighted Average Discount Rate Percent3.5%———3.5%—
Preferred Stock, Shares Authorized10M———10M10M
Prepaid expenses$493.0M$485.0M$642.0M$514.0M$391.0M$407.0M
Restructuring Reserve————$25.0M—
Number of participants with outstanding options, restricted stock, or restricted stock units7100.00———6400.00—
Supplier finance program, obligation$300.0M$300.0M$300.0M$300.0M$300.0M$300.0M
Tax Cuts and Jobs Act of 2017 transition tax in current accrued income taxes payable$211.0M—————
Treasury stock, shares (in shares)404.6M405.9M411.4M412.8M413.8M422.5M
Unrecognized tax benefits$574.0M———$516.0M—
Penalties and interest accrued on unrecognized tax benefits$207.0M———$195.0M—
Remainder of Fiscal Year 2024—$1.2B$669.0M$101.0M—$73.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Pension Plan Liabilities (Non-Current)$1.8B$1.8B$1.8B$1.6B$1.6B$1.6B
Operating Lease Liability Payments - 2026 (Lessee)$91.0M———$83.0M—
Operating Lease Liability Payments - 2027 (Lessee)$40.0M———$39.0M—
Operating Lease Liability Payments - 2028 (Lessee)$63.0M———$53.0M—
Operating Lease Liability Payments - 2029 (Lessee)$40.0M———$39.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$106.0M———$82.0M—
Long-term debt$11.1B$12.3B$12.5B$11.9B$10.9B$10.9B
Retirement and nonpension postretirement benefit obligations$1.8B$1.8B$1.8B$1.6B$1.6B$1.6B
Operating lease liabilities, non-current$405.0M$415.0M$400.0M$379.0M$363.0M$400.0M
Other non-current liabilities$11.8B$11.5B$11.1B$10.3B$10.8B$10.6B
Total liabilities$36.0B$35.4B$33.6B$32.9B$33.0B$32.1B