Tax
Current State and Local Tax Expense (Benefit)
3M Current State and Local Tax Expense (Benefit) remained flat by 0.0% to -$250K in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 83.3%, from -$1.5M to -$250K. Over 4 years (FY 2021 to FY 2025), Current State and Local Tax Expense (Benefit) shows a downward trend with a -68.7% CAGR.
Analysis
StatementIncome Statement
SectionTax
First reportedQ1 2021
Last reportedQ4 2025Feb 3, 2026
Metric ID:
ms_current_state_and_local_tax_expenseHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $104M | $55M | $38M | -$6M | -$1M |
| YoY Change | — | -47.1% | -30.9% | -115.8% | +83.3% |
Range-$6M – $104M
CAGR-68.7%
Avg YoY Growth-27.6%
Median YoY Growth-39.0%
Current State and Local Tax Expense (Benefit) at Other Companies
Frequently Asked Questions
- What is 3M's current state and local tax expense (benefit)?
- 3M (MMM) reported current state and local tax expense (benefit) of -$250K in Q4 2025.
- How has 3M's current state and local tax expense (benefit) changed year-over-year?
- 3M's current state and local tax expense (benefit) increased by 83.3% year-over-year, from -$1.5M to -$250K.
- What is the long-term trend for 3M's current state and local tax expense (benefit)?
- Over 4 years (2021 to 2025), 3M's current state and local tax expense (benefit) has grown at a -68.7% compound annual growth rate (CAGR), from $104M to -$1M.