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3M MMM Transportation and Electronics — Cost of Sales

Other segment segments

Safety and Industrial
$1.64B+6.8%
Consumer
$750M+0.3%

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Other financials

Income statement

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Revenue$6.5B+2.5%
Gross profit$2.7B-0.6%
Operating income$984.0M-13.7%
Net income$933.0M+29.0%
EPS (diluted)$1.78+32.8%

Balance sheet

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Cash & equivalents$3.0B-20.4%
Total debt$13.2B+0.8%
Total equity$3.0B-31.2%
Total assets$34.9B-8.1%

Cash flow

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Operating cash flow$986.0M+203%
CapEx$223.0M+7.2%
Free cash flow$763.0M+166%

Valuation

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Market cap$91.77B+17.5%
Enterprise value$101.98B+16.6%
P/E30.6×+10.8×
P/S3.6×+0.5×

Profitability

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Gross margin39.4%-1.6pp
Operating margin18.4%-1.1pp
Net margin11.9%-4.1pp
FCF margin15.8%+11.8pp

Returns & leverage

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Return on equity82.8%-13.2pp
Debt / equity4.5×+1.4×
Current ratio1.2×-0.5×

Where this comes from

Reported directly by 3M in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: 3M’s 10-Q, filed July 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 3M's transportation and electronics — cost of sales?
3M (MMM) reported transportation and electronics — cost of sales of $1.18B in Q2 2026.
How has 3M's transportation and electronics — cost of sales changed year-over-year?
3M's transportation and electronics — cost of sales increased by 5.9% year-over-year, from $1.11B to $1.18B.
What is the long-term trend for 3M's transportation and electronics — cost of sales?
Over 3 years (2022 to 2025), 3M's transportation and electronics — cost of sales has grown at a -3.1% compound annual growth rate (CAGR), from $5.41B to $4.93B.
What does transportation and electronics — cost of sales mean?
This includes the direct costs attributable to the production of goods sold within the Transportation and Electronics segment, such as raw materials, direct labor, and manufacturing overhead. It is a primary indicator of the segment's production efficiency and cost management.