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 11.9% compound annual growth rate (CAGR), from $2.40B to $4.20B.

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

The total value of future tax savings the company expects to realize after accounting for potential non-realization.

Other

Deferred Tax Assets, Net of Valuation Allowance

3M Deferred Tax Assets, Net of Valuation Allowance decreased by 11.8% 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 11.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryOther

SignalHigher is better

VolatilityModerate

First reportedQ4 2022

Last reportedQ4 2024

How to read this metric

An increase indicates higher potential future tax savings, often resulting from timing differences in depreciation or other accounting treatments.

Detailed definition

This represents the total value of deferred tax assets after subtracting the valuation allowance. It reflects future tax...

Peer comparison

Utility companies often have significant deferred tax assets due to capital-intensive investments and specific regulatory accounting rules.

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	$2.00B	$2.24B	$2.40B	$3.50B	$5.35B	$4.39B	$4.20B	$3.71B
QoQ Change	—	+12.1%	+7.2%	+45.8%	+52.7%	-17.8%	-4.3%	-11.8%
YoY Change	—	+12.1%	—	—	+138.9%	-17.8%	-4.3%	—

Range$2.00B – $5.35B

CAGR+42.4%

Avg YoY Growth+32.2%

Median YoY Growth+3.9%

Current Streak3 quarters decline

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 11.9% compound annual growth rate (CAGR), from $2.40B to $4.20B.
What does deferred tax assets, net of valuation allowance mean?: The total value of future tax savings the company expects to realize after accounting for potential non-realization.