3M Co. Files Q3 2024 10-Q
Ticker: MMM · Form: 10-Q · Filed: 2024-10-22T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, legal-disclosure
TL;DR
3M's Q3 10-Q is in: financials and legal updates are here.
AI Summary
3M Company filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures related to ongoing legal matters and business segments are presented.
Why It Matters
This filing provides investors with the latest financial results and disclosures for 3M, impacting investment decisions and market sentiment.
Risk Assessment
Risk Level: medium — The company faces ongoing litigation and potential liabilities related to perfluorinated materials and respirators, which could materially impact its financial condition.
Key Numbers
- N/A — Revenue (Specific revenue figures for the quarter are not directly extracted from this header-level data.)
- N/A — Net Income (Specific net income figures for the quarter are not directly extracted from this header-level data.)
- N/A — Debt (While debt instruments are mentioned, specific outstanding debt amounts are not detailed in this header.)
Key Players & Entities
- 3M CO (company) — Filer
- 20240930 (date) — Period of Report
- ST PAUL (location) — Business Address City
- 6517331474 (phone_number) — Business Phone
- MINNESOTA MINING & MANUFACTURING CO (company) — Former Company Name
- mmm:perfluorinated_material (legal_issue) — Subject of litigation
- mmm:respirator (product) — Subject of litigation
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the period ending September 30, 2024.
What is the primary business of 3M CO?
3M CO is classified under the Standard Industrial Classification code 3841, which is Surgical & Medical Instruments & Apparatus.
Where is 3M CO headquartered?
The company's business address is 3M Center, Bldg. 220-13E-26A, St. Paul, MN 55144-1000.
What are some of the specific debt instruments mentioned in the filing context?
The filing context mentions specific debt instruments such as 'Notes1500PercentDue2026Member', 'Notes1750PercentDue2030Member', and 'Notes1.500PercentDue2031Member'.
What are the key areas of litigation or legal concern for 3M?
The filing context indicates potential legal issues related to 'mmm:perfluorinated_material' and 'mmm:respirator'.
From the Filing
0000066740-24-000101.txt : 20241022 0000066740-24-000101.hdr.sgml : 20241022 20241022114829 ACCESSION NUMBER: 0000066740-24-000101 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 108 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241022 DATE AS OF CHANGE: 20241022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 3M CO CENTRAL INDEX KEY: 0000066740 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 410417775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-03285 FILM NUMBER: 241385225 BUSINESS ADDRESS: STREET 1: 3M CENTER STREET 2: BLDG. 220-13E-26A CITY: ST PAUL STATE: MN ZIP: 55144-1000 BUSINESS PHONE: 6517331474 MAIL ADDRESS: STREET 1: 3M CENTER STREET 2: BLDG. 220-13E-26A CITY: ST. PAUL STATE: MN ZIP: 55144-1000 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA MINING & MANUFACTURING CO DATE OF NAME CHANGE: 19920703 10-Q 1 mmm-20240930.htm 10-Q mmm-20240930 0000066740 FALSE --12-31 2024 Q3 P10Y http://fasb.org/us-gaap/2024#AccountsPayableCurrent http://fasb.org/us-gaap/2024#AccountsPayableCurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent P20Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure mmm:position iso4217:EUR mmm:plaintiff mmm:case mmm:lawsuit mmm:party mmm:respirator mmm:action mmm:facility mmm:perfluorinated_material mmm:defendant utr:mi mmm:chemical mmm:age mmm:segment mmm:division 0000066740 2024-01-01 2024-09-30 0000066740 exch:XCHI us-gaap:CommonStockMember 2024-01-01 2024-09-30 0000066740 exch:XNYS us-gaap:CommonStockMember 2024-01-01 2024-09-30 0000066740 exch:XNYS mmm:Notes1500PercentDue2026Member 2024-01-01 2024-09-30 0000066740 exch:XNYS mmm:Notes1750PercentDue2030Member 2024-01-01 2024-09-30 0000066740 exch:XNYS mmm:Notes1.500PercentDue2031Member 2024-01-01 2024-09-30 0000066740 2024-09-30 0000066740 2024-07-01 2024-09-30 0000066740 2023-07-01 2023-09-30 0000066740 2023-01-01 2023-09-30 0000066740 2023-12-31 0000066740 2022-12-31 0000066740 2023-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember mmm:HealthCareSegmentMember 2024-04-01 0000066740 2024-04-01 2024-04-01 0000066740 srt:MinimumMember 2024-04-01 2024-04-01 0000066740 srt:MaximumMember 2024-04-01 2024-04-01 0000066740 us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember 2024-07-01 2024-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember 2024-01-01 2024-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember 2024-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2023-07-01 2023-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2024-01-01 2024-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2023-01-01 2023-09-30 0000066740 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2023-12-31 0000066740 us-gaap:OperatingSegmentsMember mmm:AbrasivesMember mmm:SafetyAndIndustrialSegmentMember 2024-07-01 2024-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AbrasivesMember mmm:SafetyAndIndustrialSegmentMember 2023-07-01 2023-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AbrasivesMember mmm:SafetyAndIndustrialSegmentMember 2024-01-01 2024-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AbrasivesMember mmm:SafetyAndIndustrialSegmentMember 2023-01-01 2023-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AutomotiveAftermarketMember mmm:SafetyAndIndustrialSegmentMember 2024-07-01 2024-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AutomotiveAftermarketMember mmm:SafetyAndIndustrialSegmentMember 2023-07-01 2023-09-30 0000066740 us-gaap:OperatingSegmentsMember mmm:AutomotiveAftermarketMember mmm:SafetyAndIndustrialSegmentMember 2024-01-01 2024-09-30 0000066740 us-gaap:OperatingSegmentsMembe