Discontinued — last reported Q4 '22

Tax

Prior Year Tax Adjustments

3M Prior Year Tax Adjustments remained flat by 0.0% to $0.00 in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.0%, from $0.00 to $0.00. Over 3 years (FY 2021 to FY 2024), Prior Year Tax Adjustments shows relatively stable performance with a 0.0% CAGR.

Analysis

StatementIncome Statement
SectionTax
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2022

How to read this metric

Frequent or large adjustments may indicate volatility in tax estimation processes or aggressive tax planning strategies.

Detailed definition

Adjustments made to the current period's income tax provision to correct or update estimates from previous fiscal years....

Peer comparison

Standard disclosure in the tax reconciliation note for most public companies.

Metric ID: is_cat_prior_year_tax_adjustments

Historical Data

4 years
 FY'21FY'22FY'23FY'24
Value0000
YoY Change—-100.0%—+20.0%
Range0 – 0
CAGR+0.0%
Avg YoY Growth-40.0%
Median YoY Growth-40.0%

Frequently Asked Questions

What is 3M's prior year tax adjustments?
3M (MMM) reported prior year tax adjustments of $0.00 in Q4 2024.
How has 3M's prior year tax adjustments changed year-over-year?
3M's prior year tax adjustments increased by 20.0% year-over-year, from $0.00 to $0.00.
What is the long-term trend for 3M's prior year tax adjustments?
Over 3 years (2021 to 2024), 3M's prior year tax adjustments has grown at a 0.0% compound annual growth rate (CAGR), from $0.01 to $0.01.
What does prior year tax adjustments mean?
Corrections or updates to tax provisions made for previous years.