v3.25.4
Business Segments and Geographic Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Business Segments and Geographic Information
Note 20. Business Segments and Geographic Information
3M’s businesses are organized, managed and internally grouped into segments based on differences in markets, products, technologies and services. 3M manages its continuing operations in three business segments: Safety and Industrial; Transportation and Electronics; and Consumer. 3M’s three business segments bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources. On April 1, 2024, 3M completed the previously announced separation of its Health Care business as a separate public company, Solventum (see Note 2 for additional information). 3M is an integrated enterprise characterized by substantial intersegment cooperation, cost allocations and inventory transfers. Therefore, management does not represent that these segments, if operated independently, would report the operating income information shown.
3M discloses business segment operating income as its measure of segment profit, reconciled to both total 3M operating income and income before taxes. Business segment operating income excludes certain expenses and income that are not allocated to business segments (as described below in “Corporate and Other”). Business segment disclosures consider information used by/provided to 3M's chief operating decision maker (CODM). For 3M, the CODM is the chief executive officer. The CODM uses business segment operating income to allocate resources to segments in the planning and forecasting process along with periodic ongoing reviews of results and overall market activity.
Business Segment Products
Business segment
Representative revenue-generating activities, products or services
Safety and Industrial
Industrial abrasives and finishing for metalworking applications
Autobody repair solutions
Industrial specialty products such as personal hygiene products, masking, and packaging materials
Electrical products and materials for construction and maintenance, power distribution and electrical original equipment manufacturers (OEMs)
Structural adhesives and tapes
Respiratory, hearing, eye and fall protection solutions
Natural and color-coated mineral granules for shingles
Transportation and Electronics
Advanced ceramic solutions
Attachment/bonding, films, sound and temperature management for vehicles
Premium large format graphic films for advertising and fleet signage
Reflective signage for highway, and vehicle safety
Light management films and electronics assembly solutions
Aerospace, industrial/commercial solutions
Chip packaging and interconnection solutions
Semiconductor production materials
Solutions for data centers
Consumer
Cleaning products for the home
Consumer air quality products
Picture hanging accessories
Retail abrasives, paint accessories and safety products
Stationery and office products
Automotive appearance products
Consumer bandages, tapes, braces and supports

Some seasonality impacts this business segment, for example back-to-school and holiday
Business Segment Information
Net sales (millions)202520242023
Safety and Industrial$11,384 $10,961 $10,956 
Transportation and Electronics8,272 8,380 8,501 
Consumer4,920 4,931 5,026 
Total reportable business segment net sales24,576 24,272 24,483 
Corporate and Other372 303 127 
Total Company
$24,948 $24,575 $24,610 
Significant segment expenses and operating performance (millions)202520242023
Safety and Industrial
 Cost of sales$6,172 $5,965 $6,137 
 Selling, general and administrative expenses1,858 2,020 2,023 
 Research, development and related expenses 518 485 472 
Safety and Industrial operating income 2,836 2,491 2,324 
Transportation and Electronics
 Cost of sales5,270 5,106 5,524 
 Selling, general, administrative expenses1,080 1,236 1,207 
 Research, development and related expenses486 460 458 
Transportation and Electronics operating income 1,436 1,578 1,312 
Consumer
 Cost of sales2,941 2,912 3,064 
 Selling, general and administrative expenses855 955 933 
 Research, development and related expenses 128 132 125 
Consumer operating income996 932 904 
Total reportable business segment operating income 5,268 5,001 4,540 
Corporate and Other
Corporate-level (expense) income75 (114)(485)
Corporate special items:
Net costs for significant litigation(483)(45)(14,785)
Divestiture costs  (20)(13)
Gain (loss) on business divestitures
(162)— 36 
Russia exit (charges) benefits — 18 
Transformation costs(69)— — 
Total Corporate and Other
(639)(179)(15,229)
Total Company operating income
4,629 4,822 (10,689)
Other expense/(income), net416 582 
Income from continuing operations before income taxes$4,213 $4,819 $(11,271)
Depreciation and amortization (millions)
202520242023
Safety and Industrial$569 $556 $530 
Transportation and Electronics572 458 537 
Consumer155 157 160 
Corporate and Other12 53 206 
Total continuing operations$1,308 $1,224 $1,433 
Capital expenditures (millions)
202520242023
Safety and Industrial$347 $373 $285 
Transportation and Electronics300 468 723 
Consumer61 80 105 
Corporate and Other202 183 275 
Total continuing operations$910 $1,104 $1,388 
Assets (millions)
December 31, 2025December 31, 2024December 31, 2023
Business segment assets:
Inventories
Safety and Industrial$1,636 $1,509 $1,592 
Transportation and Electronics1,093 1,269 1,459 
Consumer694 719 699 
Total business segment assets3,423 3,497 3,750 
All other current assets12,964 12,387 
Total non-current assets21,346 23,984 
Total assets$37,733 $39,868 
Beginning in 2025, "business segment assets" represent inventories, based on the extent of business segment information regularly provided to 3M's CODM. This impact is reflected in the table above for all periods presented.
Business segment depreciation reflected above is based on the underlying usage of assets and allocated depreciation.
Corporate and Other: Outside of 3M's reportable segments, 3M has Corporate and Other which is not a reportable business segment as it does not meet the segment reporting criteria. Because Corporate and Other includes a variety of miscellaneous items, it is subject to fluctuation on a quarterly and annual basis.
Corporate and Other operating income (loss) includes:
Corporate-level (expense) income includes:
certain enterprise and governance activities resulting in unallocated corporate costs and other activity or costs that 3M may choose not to allocate directly to its business segments,
commercial activity with Solventum following its April 1, 2024 Separation and certain operations of the former Health Care business segment retained by 3M,
transition arrangement agreements (e.g., fees charged by 3M, net of underlying costs) related to divested businesses, including those related to the Solventum Separation,
operations of businesses of the former Health Care segment divested prior to the Separation and therefore not reflected as discontinued operations within 3M's financial statements, along with limited-duration supply agreements with previous divestitures, and
costs previously allocated to Solventum prior to the Separation that were not eligible to be part of discontinued operations.
Corporate special items include, for the periods presented:
net costs for significant litigation impacting operating income (loss) associated with PFAS-related other environmental and Combat Arms Earplugs matters,
gain (loss) on business divestitures (see Note 4),
divestiture costs (related to separating and divesting substantially an entire business segment of 3M following public announcement of its intended divestiture) that were not eligible to be part of discontinued operations, and
transformation program restructuring (see Note 6) and related charges.
Geographic Information: Geographic area information is used by the Company as a secondary performance measure to manage its businesses. Export sales and certain income and expense items are generally reported within the geographic area where the final sales to 3M customers are made. Refer to Note 3 for geographic net sales.
Net PP&E by geographic area (millions)
December 31, 2025December 31, 2024
Americas$5,123 $5,284 
Asia Pacific1,010 1,053 
Europe, Middle East and Africa968 1,051 
Total Company
$7,101 $7,388 
Net PP&E by particular country (millions)
December 31, 2025December 31, 2024
United States
$4,769 $4,966 
China/Hong Kong
392 407