What is the long-term trend for 3M's deferred tax assets, net of valuation allowance?

Over 5 years (2020 to 2025), 3M's deferred tax assets, net of valuation allowance has grown at a 9.8% compound annual growth rate (CAGR), from $2.40B to $3.83B.

What does deferred tax assets, net of valuation allowance mean?

The actual value of tax-saving assets that the company expects to be able to use.

Other

Deferred Tax Assets, Net of Valuation Allowance

3M Deferred Tax Assets, Net of Valuation Allowance decreased by 3.1% to $3.71B in Q1 2026 compared to the prior quarter. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets, Net of Valuation Allowance shows an upward trend with a 9.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryCapital Allocation

SignalHigher is better

VolatilityModerate

First reportedQ4 2020

Last reportedQ1 2026Apr 21, 2026

How to read this metric

An increase indicates a stronger outlook for tax savings and future profitability, while a decrease suggests lower expected tax benefits.

Detailed definition

This represents the net value of deferred tax assets after subtracting the valuation allowance. It is the amount of tax...

Peer comparison

Standard metric for assessing the net tax position of a company relative to its peers.

Metric ID: other_deferred_tax_assets_net

Historical Data

8 periods

	Q4 '21	Q4 '22	Q2 '23	Q3 '23	Q4 '23	Q4 '24	Q4 '25	Q1 '26
Value	$2.00B	$2.24B	$2.40B	$3.50B	$5.06B	$4.39B	$3.83B	$3.71B
QoQ Change	—	+12.1%	+7.2%	+45.8%	+44.7%	-13.2%	-12.9%	-3.1%
YoY Change	—	+12.1%	—	—	+126.3%	-13.2%	-12.9%	—

Range$2.00B – $5.06B

CAGR+42.4%

Avg YoY Growth+28.1%

Median YoY Growth-0.4%

Current Streak3 quarters decline

Deferred Tax Assets, Net of Valuation Allowance at Other Companies

PPG IndustriesPPG View metric

Honeywell InternationalHON View metric

Curtiss-WrightCW View metric

Frequently Asked Questions

What is 3M's deferred tax assets, net of valuation allowance?: 3M (MMM) reported deferred tax assets, net of valuation allowance of $3.71B in Q1 2026.
What is the long-term trend for 3M's deferred tax assets, net of valuation allowance?: Over 5 years (2020 to 2025), 3M's deferred tax assets, net of valuation allowance has grown at a 9.8% compound annual growth rate (CAGR), from $2.40B to $3.83B.
What does deferred tax assets, net of valuation allowance mean?: The actual value of tax-saving assets that the company expects to be able to use.