For the year ending 2025-12-31, MMM had -$365M decrease in cash & cash equivalents over the period. $1,396M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents at beginning of period | 5,600 | - | 3,655 | 4,564 |
| Net income (loss) including noncontrolling interest | 3,262 | 4,188 | -6,979 | 5,791 |
| Depreciation and amortization | 1,308 | 1,363 | 1,987 | 1,831 |
| Long-lived and indefinite-lived asset impairment expense | - | 0 | 0 | 618 |
| Goodwill impairment expense | - | 0 | 0 | 271 |
| Company pension and postretirement contributions | 145 | 154 | 152 | 158 |
| Company pension and postretirement expense | 272 | 1,035 | 145 | 178 |
| Stock-based compensation expense | 225 | 289 | 274 | 263 |
| Loss (gain) on business divestitures | -162 | 0 | 36 | 2,724 |
| Deferred income taxes | 418 | 321 | -3,855 | -663 |
| Accounts receivable | 211 | -114 | 170 | 105 |
| Inventories | -139 | -41 | -567 | 629 |
| Accounts payable | 21 | 46 | 138 | 111 |
| Accrued income taxes (current and long-term) | - | -272 | -218 | -47 |
| Other net | 3,145 | 5,152 | -14,979 | -854 |
| Net cash provided by (used in) operating activities | 2,306 | 1,819 | 6,680 | 5,591 |
| Purchases of property, plant and equipment (pp&e) | 910 | 1,181 | 1,615 | 1,749 |
| Proceeds from sale of pp&e and other assets | 95 | 61 | 119 | 200 |
| Acquisitions, net of cash acquired | - | - | - | 0 |
| Purchases of marketable securities and investments | 1,305 | 4,153 | 1,466 | 1,250 |
| Proceeds from maturities and sale of marketable securities and investments | 3,468 | 2,074 | 1,660 | 1,261 |
| Proceeds from sale of businesses, net of cash sold | 5 | 0 | 60 | 13 |
| Cash payment from food safety business split-off, net of divested cash | - | 0 | 0 | 478 |
| Other net | 3 | 7 | -35 | -1 |
| Net cash provided by (used in) investing activities | 1,350 | -3,206 | -1,207 | -1,046 |
| Change in short-term debt net | 0 | -205 | 205 | 340 |
| Repayment of debt (maturities greater than 90 days) | 1,815 | 2,656 | 3,086 | 1,179 |
| Proceeds from debt (maturities greater than 90 days) | 1,099 | 8,367 | 2,835 | 1 |
| Purchases of treasury stock | 3,251 | 1,801 | 33 | 1,464 |
| Proceeds from issuance of treasury stock pursuant to stock option and benefit plans | 1,562 | 92 | 264 | 381 |
| Dividends paid to shareholders | 1,562 | 1,982 | 3,311 | 3,369 |
| Cash transferred to solventum related to separation, net | 0 | 621 | - | - |
| Other net | -49 | -96 | -21 | -60 |
| Net cash provided by (used in) financing activities | -4,016 | 1,098 | -3,147 | -5,350 |
| Effect of exchange rate changes on cash and cash equivalents | 41 | -44 | -48 | -104 |
| Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale | -319 | - | - | - |
| Less net increase (decrease) in cash classified within assets held for sale | 46 | - | - | - |
| Net increase (decrease) in cash and cash equivalents | -365 | -333 | 2,278 | -909 |
| Cash and cash equivalents at beginning of period | - | 5,933 | - | - |
| Cash and cash equivalents at end of period | 5,235 | 5,600 | 5,933 | 3,655 |
3M CO (MMM)
3M CO (MMM)