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

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

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.