# 3M COMPANY (MMM) FY2024 Q3 P&L / Income Statement - Company: 3M COMPANY (MMM) - Period: 2024-07-01 to 2024-09-30 - Filing: Q3 FY2024 10-Q, filed 2024-10-22, accession number 0000066740-24-000101 - Page: https://plicit.ai/financials/mmm/fy2024-q3-income-statement - Chart image: https://plicit.ai/charts/mmm-fy2024-q3-income-statement-sankey.png ## Chart details: Revenue by Business Segment Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,294,000,000 US dollars - **Cost of sales**: 3,647,000,000 US dollars - **Gross profit (calculated)**: 2,647,000,000 US dollars - **Operating expenses (calculated)**: 1,331,000,000 US dollars - **Operating income (loss)**: 1,316,000,000 US dollars - **Other expense (income), net**: 405,000,000 US dollars - **Income (loss) from continuing operations before income taxes**: 1,721,000,000 US dollars - **Provision (benefit) for income taxes**: 348,000,000 US dollars - **Net income (loss) attributable to 3M**: 1,372,000,000 US dollars - **Safety and Industrial**: 2,767,000,000 US dollars - **Transportation and Electronics**: 2,139,000,000 US dollars - **Consumer**: 1,299,000,000 US dollars - **Research, development and related expenses**: 269,000,000 US dollars - **Selling, general and administrative expenses**: 1,062,000,000 US dollars - **Gain on business divestitures**: 0 US dollars - **Revenue before reconciliation (calculated)**: 6,205,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Corporate and Unallocated**: 81,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Other**: 8,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Net income (loss) from discontinued operations, net of taxes**: 0 US dollars. Reported below-tax contribution to net income. - **Less: Net income (loss) attributable to noncontrolling interest**: negative 4,000,000 US dollars. Reported below-tax contribution to net income. - **Income (loss) from unconsolidated subsidiaries, net of taxes**: 3,000,000 US dollars. Reported below-tax contribution to net income. - **Safety and Industrial costs (calculated)**: 2,117,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Transportation and Electronics costs (calculated)**: 1,703,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Consumer costs (calculated)**: 1,036,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 122,000,000 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-q3-income-statement/revenue-by-geography-3-categories - Chart image: https://plicit.ai/charts/mmm-fy2024-q3-revenue-by-geography-3-categories-sankey.png Income statement for 2024-07-01 through 2024-09-30. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,294,000,000 US dollars - **Cost of sales**: 3,647,000,000 US dollars - **Gross profit (calculated)**: 2,647,000,000 US dollars - **Operating expenses (calculated)**: 1,331,000,000 US dollars - **Operating income (loss)**: 1,316,000,000 US dollars - **Other expense (income), net**: 405,000,000 US dollars - **Income (loss) from continuing operations before income taxes**: 1,721,000,000 US dollars - **Provision (benefit) for income taxes**: 348,000,000 US dollars - **Net income (loss) attributable to 3M**: 1,372,000,000 US dollars - **Americas**: 3,484,000,000 US dollars - **Asia Pacific**: 1,783,000,000 US dollars - **Europe, Middle East and Africa**: 1,027,000,000 US dollars - **Research, development and related expenses**: 269,000,000 US dollars - **Selling, general and administrative expenses**: 1,062,000,000 US dollars - **Gain on business divestitures**: 0 US dollars - **Net income (loss) from discontinued operations, net of taxes**: 0 US dollars. Reported below-tax contribution to net income. - **Less: Net income (loss) attributable to noncontrolling interest**: negative 4,000,000 US dollars. Reported below-tax contribution to net income. - **Income (loss) from unconsolidated subsidiaries, net of taxes**: 3,000,000 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-q3-income-statement/revenue-by-geography-2-categories - Chart image: https://plicit.ai/charts/mmm-fy2024-q3-revenue-by-geography-2-categories-sankey.png Income statement for 2024-07-01 through 2024-09-30. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,294,000,000 US dollars - **Cost of sales**: 3,647,000,000 US dollars - **Gross profit (calculated)**: 2,647,000,000 US dollars - **Operating expenses (calculated)**: 1,331,000,000 US dollars - **Operating income (loss)**: 1,316,000,000 US dollars - **Other expense (income), net**: 405,000,000 US dollars - **Income (loss) from continuing operations before income taxes**: 1,721,000,000 US dollars - **Provision (benefit) for income taxes**: 348,000,000 US dollars - **Net income (loss) attributable to 3M**: 1,372,000,000 US dollars - **UNITED STATES**: 2,800,000,000 US dollars - **China/Hong Kong**: 700,000,000 US dollars - **Undisclosed (calculated)**: 2,794,000,000 US dollars - **Research, development and related expenses**: 269,000,000 US dollars - **Selling, general and administrative expenses**: 1,062,000,000 US dollars - **Gain on business divestitures**: 0 US dollars - **Net income (loss) from discontinued operations, net of taxes**: 0 US dollars. Reported below-tax contribution to net income. - **Less: Net income (loss) attributable to noncontrolling interest**: negative 4,000,000 US dollars. Reported below-tax contribution to net income. - **Income (loss) from unconsolidated subsidiaries, net of taxes**: 3,000,000 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.