v3.25.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment
Major classes of PP&E, along with their original useful lives (as applicable) are as follows:
(Millions)
Original lives
December 31, 2025December 31, 2024
Land$202 $200 
Buildings and leasehold improvements
10 to 40 years
7,729 7,432 
Machinery and equipment
3 to 15 years
15,328 14,780 
Construction in progress663 994 
Gross property, plant and equipment23,922 23,406 
Accumulated depreciation(16,821)(16,018)
Property, plant and equipment - net$7,101 $7,388 
Schedule of Asset Retirement Obligations
The asset retirement obligation liability reflected in other current liabilities and other liabilities was as follows:
(Millions)December 31, 2025December 31, 2024
Asset retirement obligation$202 $195 
Schedule of Accounts Payable and Accrued Liabilities
Accrued customer incentives reflected within other current liabilities were as follows:
(Millions)December 31, 2025December 31, 2024
Accrued customer incentives$624 $607 
Schedule of Restructuring and Related Costs These costs are charged to operations in the period incurred, and were as follows:
(Millions)202520242023
Advertising and merchandising costs$233 $216 $201 
Schedule of New Accounting Pronouncements
The table below provides summaries of applicable new accounting pronouncements issued, but not yet adopted by 3M.
Standards issued and not yet adopted
Standard
Relevant description
Effective date for 3M
Impact and other matters
ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
Issued in November 2024. Requires new disclosures providing further detail of a company's income statement expense line items.Year-end December 31, 2027As this ASU relates to disclosures only, there will be no impact to 3M’s consolidated results of operations and financial condition.
ASU No. 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets
Issued in July 2025. Provides an optional practical expedient for estimating future credit losses based on
current conditions as of the balance sheet date and assuming those conditions do not change over the remaining life of the accounts receivable.		January 1, 2026
3M does not expect this ASU to have a material impact on consolidated results of operations and financial condition.
ASU No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
Issued in September 2025. Removes references to prescriptive software development stages and includes an updated framework for capitalizing internal software costs in an agile environment.January 1, 2028
3M is currently evaluating this ASU's impact on consolidated results of operations and financial condition.
ASU No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements
Issued in November 2025. Improves alignment of hedge accounting with risk management activities and provides guidance regarding five specific hedge accounting issues.January 1, 2027
3M does not expect this ASU to have a material impact on consolidated results of operations and financial condition.
ASU No. 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by
Business Entities
Issued in December 2025. Provides recognition, measurement, and presentation guidance, as well as additional disclosure requirements, for government grants.January 1, 20293M is currently evaluating this ASU's impact on consolidated results of operations and financial condition.
ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements
Issued in December 2025. Clarifies the applicability of interim reporting guidance, the types of interim reporting, and the required form and content of interim financial statements. January 1, 2028As this ASU relates to disclosures only, there will be no impact to 3M’s consolidated results of operations and financial condition.