v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table provides information by level for material assets and liabilities that are measured at fair value on a recurring basis at December 31, 2025 and 2024.
Fair value atFair value measurements using inputs considered as
Level 1Level 2Level 3
(Millions)20252024202520242025202420252024
Assets:
Available-for-sale marketable securities:
Corporate debt
$302 $850 $ $— $302 $850 $ $— 
Commercial paper191 658  — 191 658  — 
U.S. government and treasury securities
53 407 53 407  —  — 
Asset backed securities and certificates of/time deposits
148 209  — 148 209  — 
U.S. municipal securities16 20  —  — 16 20 
Solventum common stock (a)
2,026 2,270 2,026 2,270  —  — 
Derivative instruments — assets:
Foreign currency forward/option contracts and cross-currency swaps192 142  — 192 142  — 
Liabilities:
Derivative instruments — liabilities:
Foreign currency forward/option contracts and cross-currency swaps 330 84  — 330 84  — 
Interest rate contracts 81 — —  81 — — 
(a)     Solventum common stock is reflected within other current assets and other assets on 3M's Consolidated Balance Sheet as of December 31, 2025 and 2024, respectively.
Schedule of Fair Value, by Balance Sheet Grouping Information with respect to the carrying amounts and estimated fair values of these financial instruments follow:
December 31, 2025December 31, 2024
(Millions)Carrying value
Fair value
Carrying value
Fair value
Long-term debt, excluding current portion$10,932 $9,889 $11,125 $9,856