Other
Effective Income Tax Rate Reconciliation, FDII, Percent
3M Effective Income Tax Rate Reconciliation, FDII, Percent remained flat by 0.0% to 0.1% in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 150.0%, from -0.1% to 0.1%. Over 3 years (FY 2021 to FY 2024), Effective Income Tax Rate Reconciliation, FDII, Percent shows a downward trend with a -54.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2024Feb 3, 2026
How to read this metric
An increase suggests a higher proportion of income qualifies for FDII tax benefits, improving tax efficiency.
Detailed definition
The percentage point impact of the Foreign-Derived Intangible Income (FDII) deduction on the company's effective tax rat...
Peer comparison
Standard tax reconciliation metric for U.S. companies with significant export-related income.
Metric ID:
other_effective_income_tax_rate_reconciliation_fdii_percentHistorical Data
4 years
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | 3.1% | 2.2% | -0.6% | 0.3% |
| YoY Change | — | -29.0% | -127.3% | +150.0% |
Range-0.6% – 3.1%
CAGR-54.1%
Avg YoY Growth-2.1%
Median YoY Growth-29.0%
Effective Income Tax Rate Reconciliation, FDII, Percent at Other Companies
Frequently Asked Questions
- What is 3M's effective income tax rate reconciliation, fdii, percent?
- 3M (MMM) reported effective income tax rate reconciliation, fdii, percent of 0.1% in Q4 2024.
- How has 3M's effective income tax rate reconciliation, fdii, percent changed year-over-year?
- 3M's effective income tax rate reconciliation, fdii, percent increased by 150.0% year-over-year, from -0.1% to 0.1%.
- What is the long-term trend for 3M's effective income tax rate reconciliation, fdii, percent?
- Over 3 years (2021 to 2024), 3M's effective income tax rate reconciliation, fdii, percent has grown at a -54.1% compound annual growth rate (CAGR), from 3.1% to 0.3%.
- What does effective income tax rate reconciliation, fdii, percent mean?
- The percentage reduction in the effective tax rate due to FDII benefits.