Non-Current Assets

Property, plant and equipment at cost

3M Property, plant and equipment at cost decreased by 0.0% to $23.91B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.1%, from $23.64B to $23.91B. Over 5 years (FY 2020 to FY 2025), Property, plant and equipment at cost shows a downward trend with a -2.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ4 2025
Last reportedQ1 2026

How to read this metric

A steady increase reflects ongoing capital investment and the expansion of the utility's asset base.

Detailed definition

This is the total historical cost of all tangible property, plant, and equipment owned by the utility before accounting...

Peer comparison

A primary metric for comparing the scale and capital intensity of regulated utilities.

Metric ID: non_current_assets_property_plant_and_equipment_gross

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$27.13B$27.21B$27.21B$27.16B$27.01B$26.67B$26.00B$26.30B$26.46B$26.19B$26.87B$26.68B$23.28B$23.79B$23.41B$23.64B$24.12B$23.93B$23.92B$23.91B
QoQ Change+0.3%+0.0%-0.2%-0.5%-1.3%-2.5%+1.1%+0.6%-1.0%+2.6%-0.7%-12.7%+2.2%-1.6%+1.0%+2.0%-0.8%-0.0%-0.0%
YoY Change-0.4%-2.0%-4.5%-3.2%-2.1%-1.8%+3.4%+1.4%-12.0%-9.1%-12.9%-11.4%+3.6%+0.6%+2.2%+1.1%
Range$23.28B$27.21B
CAGR-2.6%
Avg YoY Growth-2.9%
Median YoY Growth-1.9%
Current Streak3 quarters decline

Frequently Asked Questions

What is 3M's property, plant and equipment at cost?
3M (MMM) reported property, plant and equipment at cost of $23.91B in Q1 2026.
How has 3M's property, plant and equipment at cost changed year-over-year?
3M's property, plant and equipment at cost increased by 1.1% year-over-year, from $23.64B to $23.91B.
What is the long-term trend for 3M's property, plant and equipment at cost?
Over 5 years (2020 to 2025), 3M's property, plant and equipment at cost has grown at a -2.1% compound annual growth rate (CAGR), from $26.65B to $23.92B.
What does property, plant and equipment at cost mean?
The total original cost of all physical utility assets before subtracting depreciation.