What is the long-term trend for 3M's deferred tax assets, net of valuation allowance?

Over 5 years (2020 to 2025), 3M's deferred tax assets, net of valuation allowance has grown at a 9.8% compound annual growth rate (CAGR), from $2.4B to $3.83B.

What does deferred tax assets, net of valuation allowance mean?

The realistic value of future tax savings after accounting for potential non-realization.

Other

Deferred Tax Assets, Net of Valuation Allowance

3M Deferred Tax Assets, Net of Valuation Allowance decreased by 3.1% to $3.71B in Q1 2026 compared to the prior quarter. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets, Net of Valuation Allowance shows an upward trend with a 9.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalHigher is better

VolatilityModerate

First reportedQ4 2020

Last reportedQ1 2026Apr 21, 2026

How to read this metric

An increase indicates a stronger position to reduce future tax liabilities, signaling confidence in future profitability.

Detailed definition

This is the net value of deferred tax assets after deducting the valuation allowance. It represents the actual tax benef...

Peer comparison

Standard metric for assessing tax-related assets across all industries.

Metric ID: other_deferred_tax_assets_net

Historical Data

8 periods

	Q4 '21	Q4 '22	Q2 '23	Q3 '23	Q4 '23	Q4 '24	Q4 '25	Q1 '26
Value	$2B	$2.24B	$2.4B	$3.5B	$5.06B	$4.39B	$3.83B	$3.71B
QoQ Change	—	+12.1%	+7.2%	+45.8%	+44.7%	-13.2%	-12.9%	-3.1%
YoY Change	—	+12.1%	—	—	+126.3%	-13.2%	-12.9%	—

Range$2B – $5.06B

CAGR+42.4%

Avg YoY Growth+28.1%

Median YoY Growth-0.4%

Current Streak3 quarters decline

Deferred Tax Assets, Net of Valuation Allowance at Other Companies

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Frequently Asked Questions

What is 3M's deferred tax assets, net of valuation allowance?: 3M (MMM) reported deferred tax assets, net of valuation allowance of $3.71B in Q1 2026.
What is the long-term trend for 3M's deferred tax assets, net of valuation allowance?: Over 5 years (2020 to 2025), 3M's deferred tax assets, net of valuation allowance has grown at a 9.8% compound annual growth rate (CAGR), from $2.4B to $3.83B.
What does deferred tax assets, net of valuation allowance mean?: The realistic value of future tax savings after accounting for potential non-realization.