# 3M COMPANY (MMM) FY2024 Annual P&L / Income Statement

- Company: 3M COMPANY (MMM)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-05, accession number 0000066740-25-000006
- Page: https://plicit.ai/financials/mmm/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/mmm-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 24,575,000,000 US dollars
- **Cost of sales**: 14,447,000,000 US dollars
- **Gross profit (calculated)**: 10,128,000,000 US dollars
- **Operating expenses (calculated)**: 5,306,000,000 US dollars
- **Operating income (loss)**: 4,822,000,000 US dollars
- **Other expense (income), net**: negative 3,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: 4,819,000,000 US dollars
- **Provision (benefit) for income taxes**: 804,000,000 US dollars
- **Net income (loss) attributable to 3M**: 4,173,000,000 US dollars
- **Safety and Industrial**: 10,961,000,000 US dollars
- **Transportation and Electronics**: 8,380,000,000 US dollars
- **Consumer**: 4,931,000,000 US dollars
- **Research, development and related expenses**: 1,085,000,000 US dollars
- **Selling, general and administrative expenses**: 4,221,000,000 US dollars
- **Gain on business divestitures**: 0 US dollars
- **Goodwill impairment expense**: 0 US dollars
- **Revenue before reconciliation (calculated)**: 24,272,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Unallocated**: 271,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Other**: 32,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Net income (loss) from discontinued operations, net of taxes**: 164,000,000 US dollars. Reported below-tax contribution to net income.
- **Less: Net income (loss) attributable to noncontrolling interest**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.
- **Income (loss) from unconsolidated subsidiaries, net of taxes**: 9,000,000 US dollars. Reported below-tax contribution to net income.
- **Safety and Industrial costs (calculated)**: 8,470,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Transportation and Electronics costs (calculated)**: 6,802,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Consumer costs (calculated)**: 3,999,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 482,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.

## Chart details: Revenue by Geography (3 categories)

- Page: https://plicit.ai/financials/mmm/fy2024-annual-income-statement/revenue-by-geography-3-categories
- Chart image: https://plicit.ai/charts/mmm-fy2024-annual-revenue-by-geography-3-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 24,575,000,000 US dollars
- **Cost of sales**: 14,447,000,000 US dollars
- **Gross profit (calculated)**: 10,128,000,000 US dollars
- **Operating expenses (calculated)**: 5,306,000,000 US dollars
- **Operating income (loss)**: 4,822,000,000 US dollars
- **Other expense (income), net**: negative 3,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: 4,819,000,000 US dollars
- **Provision (benefit) for income taxes**: 804,000,000 US dollars
- **Net income (loss) attributable to 3M**: 4,173,000,000 US dollars
- **Americas**: 13,405,000,000 US dollars
- **Asia Pacific**: 6,994,000,000 US dollars
- **Europe, Middle East and Africa**: 4,176,000,000 US dollars
- **Research, development and related expenses**: 1,085,000,000 US dollars
- **Selling, general and administrative expenses**: 4,221,000,000 US dollars
- **Gain on business divestitures**: 0 US dollars
- **Goodwill impairment expense**: 0 US dollars
- **Net income (loss) from discontinued operations, net of taxes**: 164,000,000 US dollars. Reported below-tax contribution to net income.
- **Less: Net income (loss) attributable to noncontrolling interest**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.
- **Income (loss) from unconsolidated subsidiaries, net of taxes**: 9,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/mmm/fy2024-annual-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/mmm-fy2024-annual-revenue-by-geography-2-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 24,575,000,000 US dollars
- **Cost of sales**: 14,447,000,000 US dollars
- **Gross profit (calculated)**: 10,128,000,000 US dollars
- **Operating expenses (calculated)**: 5,306,000,000 US dollars
- **Operating income (loss)**: 4,822,000,000 US dollars
- **Other expense (income), net**: negative 3,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: 4,819,000,000 US dollars
- **Provision (benefit) for income taxes**: 804,000,000 US dollars
- **Net income (loss) attributable to 3M**: 4,173,000,000 US dollars
- **UNITED STATES**: 10,800,000,000 US dollars
- **China/Hong Kong**: 2,800,000,000 US dollars
- **Undisclosed (calculated)**: 10,975,000,000 US dollars
- **Research, development and related expenses**: 1,085,000,000 US dollars
- **Selling, general and administrative expenses**: 4,221,000,000 US dollars
- **Gain on business divestitures**: 0 US dollars
- **Goodwill impairment expense**: 0 US dollars
- **Net income (loss) from discontinued operations, net of taxes**: 164,000,000 US dollars. Reported below-tax contribution to net income.
- **Less: Net income (loss) attributable to noncontrolling interest**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.
- **Income (loss) from unconsolidated subsidiaries, net of taxes**: 9,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.