Discontinued — last reported Q4 '19

Tax

Tax Reconciliation: Research and Other Credits

3M Tax Reconciliation: Research and Other Credits remained flat by 0.0% to $0.00 in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 216.7%, from -$0.00 to $0.00. Over 3 years (FY 2021 to FY 2024), Tax Reconciliation: Research and Other Credits shows relatively stable performance with a 0.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement
SectionTax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2019

How to read this metric

An increase indicates a greater reliance on or success in capturing R&D tax benefits to improve bottom-line profitability.

Detailed definition

The impact of research and development tax credits on the effective tax rate reconciliation. It highlights the extent to...

Peer comparison

Standard metric for R&D-heavy companies to demonstrate tax efficiency.

Metric ID: is_cat_tax_reconciliation_research_credits

Historical Data

4 years
 FY'21FY'22FY'23FY'24
Value00-00
YoY Change—+42.9%-160.0%+216.7%
Range-0 – 0
CAGR+0.0%
Avg YoY Growth+33.2%
Median YoY Growth+42.9%

Frequently Asked Questions

What is 3M's tax reconciliation: research and other credits?
3M (MMM) reported tax reconciliation: research and other credits of $0.00 in Q4 2024.
How has 3M's tax reconciliation: research and other credits changed year-over-year?
3M's tax reconciliation: research and other credits increased by 216.7% year-over-year, from -$0.00 to $0.00.
What is the long-term trend for 3M's tax reconciliation: research and other credits?
Over 3 years (2021 to 2024), 3M's tax reconciliation: research and other credits has grown at a 0.0% compound annual growth rate (CAGR), from $0.01 to $0.01.
What does tax reconciliation: research and other credits mean?
The effect of R&D tax incentives on the effective tax rate.