v3.26.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 4. Goodwill and Intangible Assets
Goodwill: The change in the carrying amount of goodwill by business segment was as follows:
(Millions)Safety and IndustrialTransportation and ElectronicsConsumer
Corporate
Total Company
Balance as of December 31, 2025
$4,571$1,525$265$58$6,419
Translation and other(a)
(24)(8)(3) (35)
Balance as of March 31, 2026
$4,547$1,517$262$58$6,384
(a)     The amounts in the “Translation and other” primarily relate to changes in foreign currency exchange rates.
As of March 31, 2026, the Company's accumulated goodwill impairment loss is $0.3 billion.
Acquired Intangible Assets: The carrying amount and accumulated amortization of the Company's acquired finite-lived intangible assets and the balances of non-amortizable intangible assets are presented below:
March 31, 2026December 31, 2025
(Millions)Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Finite-lived intangible assets
Customer related
$1,230 $(932)$1,239 $(925)
Patents and technology571 (546)573 (544)
Definite-lived tradenames
482 (324)482 (318)
Other
47 (29)47 (30)
Total$2,330 $(1,831)$499 $2,341 $(1,817)$524 
Indefinite lived intangible assets(b)    
579 579 
Total intangible assets$1,078 $1,103 
(b)    Indefinite lived intangible assets primarily consists of certain tradenames acquired by 3M that are not amortized because they have existed for over 60 years, maintain leading-market share positions, are continuously renewed, and are associated with products expected to generate cash flows for 3M for an indefinite period.
Amortization expense follows:
Three months ended March 31,
(Millions)20262025
Amortization expense $25 $26 
Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2026 follows:
(Millions)
Remainder of 2026
20272028202920302031
After 2031
Amortization expense$73 $85 $59 $57 $57 $57 $111