3M Company (MMM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 14.39B | 16.39B | 16.09B | 13.43B | 15.66B | 15.88B | 16.3B | 19.52B | 21.61B | 16.38B | 16.2B | 15.75B | 14.96B | 14.69B | 14.89B | 14.51B | 14.45B | 15.4B | 16.43B | 16.34B |
| Cash & Short-Term Investments | 4.15B | 5.93B | 5.19B | 4.21B | 7.02B | 7.73B | 7.29B | 10.34B | 10.97B | 5.79B | 5.21B | 4.31B | 3.97B | 3.89B | 3.59B | 2.98B | 3.36B | 4.76B | 5.73B | 5.5B |
| Cash Only | 3.73B | 5.24B | 4.67B | 3.71B | 6.33B | 5.6B | 6.05B | 10.08B | 10.91B | 5.74B | 5.14B | 4.26B | 3.82B | 3.65B | 3.4B | 2.72B | 3.25B | 4.56B | 4.88B | 4.7B |
| Short-Term Investments | 420M | 698M | 517M | 502M | 698M | 2.13B | 1.25B | 255M | 60M | 50M | 73M | 56M | 145M | 238M | 185M | 262M | 112M | 201M | 855M | 805M |
| Accounts Receivable | 3.75B | 3.53B | 3.78B | 3.76B | 3.5B | 3.27B | 3.53B | 3.58B | 4.75B | 3.71B | 4.85B | 4.95B | 4.64B | 4.63B | 4.72B | 4.91B | 4.82B | 4.77B | 4.92B | 4.99B |
| Days Sales Outstanding | 54.38 | 54.83 | 53.2 | 52.08 | 51.19 | 52.05 | 51.91 | 60.56 | 63.98 | 65.62 | 71.89 | 69.41 | 51.96 | 53.28 | 51.43 | 50.87 | 48.85 | 51.74 | 50.96 | 49.86 |
| Inventory | 3.69B | 3.66B | 3.89B | 4.08B | 3.87B | 3.7B | 4.04B | 4.06B | 4.9B | 3.94B | 5.07B | 5.28B | 5.31B | 5.37B | 5.62B | 5.64B | 5.29B | 4.99B | 4.95B | 4.84B |
| Days Inventory Outstanding | 92.56 | 85.27 | 96.68 | 97.85 | 96.79 | 95.21 | 102.04 | 113.24 | 114.7 | 109.55 | 126.59 | 129.31 | 103.6 | 108.29 | 109.81 | 98.25 | 96.03 | 97.42 | 93.22 | 90.05 |
| Other Current Assets | 2.39B | 2.87B | 2.72B | 734M | 778M | 750M | 967M | 1.1B | 340M | 2.6B | 490M | 539M | 492M | 353M | 502M | 383M | 427M | 229M | 326M | 377M |
| Total Non-Current Assets | 21.04B | 21.35B | 21.52B | 24.56B | 24.29B | 23.98B | 24.58B | 23.86B | 33.63B | 34.2B | 33.42B | 33.13B | 31.92B | 31.77B | 31.28B | 31.12B | 31.4B | 31.67B | 31.85B | 31.96B |
| Property, Plant & Equipment | 6.96B | 7.1B | 7.78B | 7.97B | 7.94B | 7.95B | 8.13B | 8.08B | 9.82B | 8.35B | 9.79B | 10.02B | 10.13B | 10.01B | 10B | 10.15B | 10.25B | 10.29B | 10.16B | 10.23B |
| Fixed Asset Turnover | 0.86x | 0.82x | 0.83x | 0.80x | 0.75x | 0.75x | 0.78x | 0.70x | 0.66x | 0.66x | 0.63x | 0.62x | 0.80x | 0.81x | 0.86x | 0.85x | 0.86x | 0.84x | 0.88x | 0.88x |
| Goodwill | 6.38B | 6.42B | 6.42B | 6.43B | 6.34B | 6.28B | 6.39B | 6.32B | 12.81B | 6.38B | 12.72B | 12.87B | 12.86B | 12.79B | 12.67B | 13.06B | 13.37B | 13.49B | 13.6B | 13.72B |
| Intangible Assets | 1.08B | 1.1B | 1.13B | 1.16B | 1.19B | 1.21B | 1.24B | 1.27B | 4.11B | 1.32B | 4.32B | 4.47B | 4.58B | 4.7B | 4.82B | 4.99B | 5.14B | 5.29B | 5.43B | 5.57B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.5B | 0 | 0 | 0 | 210M | 0 | 0 | 0 | 967M | 0 | 0 | 0 | 262M | 0 | 0 |
| Other Non-Current Assets | 6.62B | 6.72B | 6.2B | 9B | 8.83B | 1.89B | 8.8B | 8.2B | 6.9B | 13.16B | 6.63B | 5.76B | 4.35B | 2.35B | 3.8B | 2.91B | 2.64B | 1.76B | 2.67B | 2.44B |
| Total Assets | 35.44B | 37.73B | 37.61B | 37.99B | 39.95B | 39.87B | 40.88B | 43.38B | 55.24B | 50.58B | 49.62B | 48.88B | 46.89B | 46.45B | 46.18B | 45.63B | 45.85B | 47.07B | 48.28B | 48.31B |
| Asset Turnover | 0.16x | 0.16x | 0.17x | 0.16x | 0.15x | 0.15x | 0.15x | 0.13x | 0.11x | 0.12x | 0.13x | 0.13x | 0.17x | 0.17x | 0.19x | 0.19x | 0.19x | 0.18x | 0.19x | 0.19x |
| Asset Growth % | -11.3% | -5.36% | -7.99% | -12.42% | -27.68% | -21.18% | -17.63% | -11.26% | 17.82% | 8.88% | 7.46% | 7.11% | 2.25% | -1.31% | -4.35% | -5.53% | -2.81% | -0.57% | 6.36% | 7.16% |
| Total Current Liabilities | 9.03B | 9.6B | 8.73B | 7.81B | 9.45B | 11.26B | 11.39B | 14.35B | 13.16B | 15.3B | 15.47B | 10.94B | 10.56B | 9.52B | 9.54B | 9.9B | 9.15B | 9.04B | 9.63B | 9.44B |
| Accounts Payable | 2.79B | 2.7B | 2.73B | 2.84B | 2.76B | 2.66B | 2.69B | 2.81B | 3.37B | 2.78B | 3.1B | 3.23B | 3.13B | 3.18B | 3.06B | 3.27B | 3.16B | 2.99B | 2.86B | 2.93B |
| Days Payables Outstanding | 69.1 | 61.37 | 67.63 | 68.91 | 69.28 | 65.83 | 69.32 | 78.19 | 79.76 | 71.5 | 77.52 | 77.7 | 61.25 | 61.56 | 61.79 | 57.84 | 57.55 | 57.42 | 55.15 | 54.23 |
| Short-Term Debt | 1.65B | 1.84B | 749M | 669M | 1.17B | 1.92B | 1.87B | 1.3B | 820M | 2.95B | 3.14B | 3.03B | 3.01B | 1.94B | 1.86B | 2.26B | 1.88B | 1.31B | 1.97B | 1.98B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 15M | 0 | 0 | 0 | 23M | 0 | 0 | 0 | 538M | 0 | 0 | 0 | 529M | 0 | 0 |
| Other Current Liabilities | 4.18B | 4.17B | 4.08B | 3.21B | 4.54B | 4.67B | 5.49B | 9.05B | 7.75B | 7.61B | 7.87B | 3.47B | 3.28B | 1.68B | 3.4B | 3.18B | 2.94B | 1.6B | 3.24B | 3.18B |
| Current Ratio | 1.59x | 1.71x | 1.84x | 1.72x | 1.66x | 1.41x | 1.43x | 1.36x | 1.64x | 1.07x | 1.05x | 1.44x | 1.42x | 1.54x | 1.56x | 1.47x | 1.58x | 1.70x | 1.70x | 1.73x |
| Quick Ratio | 1.19x | 1.33x | 1.40x | 1.20x | 1.25x | 1.08x | 1.08x | 1.08x | 1.27x | 0.81x | 0.72x | 0.96x | 0.91x | 0.98x | 0.97x | 0.90x | 1.00x | 1.15x | 1.19x | 1.22x |
| Cash Conversion Cycle | 77.84 | 78.73 | 82.25 | 81.01 | 78.7 | 81.43 | 84.63 | 95.6 | 98.92 | 103.67 | 120.96 | 121.02 | 94.31 | 100.01 | 99.45 | 91.28 | 87.33 | 91.74 | 89.03 | 85.68 |
| Total Non-Current Liabilities | 23.09B | 23.39B | 24.2B | 25.83B | 25.98B | 24.72B | 24.79B | 25.04B | 37.15B | 30.41B | 29.42B | 30.09B | 20.98B | 22.16B | 22.48B | 21.92B | 21.7B | 22.92B | 24.11B | 24.35B |
| Long-Term Debt | 10.91B | 10.93B | 12.23B | 12.48B | 12.31B | 11.13B | 11.32B | 11.78B | 20.59B | 13.09B | 12.88B | 12.95B | 12.95B | 14B | 13.85B | 14.02B | 14.8B | 16.06B | 16.19B | 16.27B |
| Capital Lease Obligations | 0 | 0 | 379M | 400M | 415M | 452M | 443M | 443M | 517M | 524M | 550M | 570M | 627M | 655M | 570M | 584M | 608M | 684M | 580M | 603M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 354M | 0 | 0 | 0 | 315M | 0 | 0 | 0 | 559M | 0 | 0 | 0 | 458M | 0 | 0 |
| Other Non-Current Liabilities | 12.19B | 12.46B | 11.59B | 12.95B | 13.26B | 12.79B | 13.03B | 12.82B | 16.04B | 16.49B | 16B | 16.56B | 7.4B | 6.95B | 8.06B | 7.32B | 6.29B | 5.72B | 7.34B | 7.48B |
| Total Liabilities | 32.13B | 32.99B | 32.94B | 33.64B | 35.43B | 35.97B | 36.18B | 39.39B | 50.31B | 45.71B | 44.89B | 41.02B | 31.54B | 31.68B | 32.02B | 31.82B | 30.85B | 31.95B | 33.75B | 33.79B |
| Total Debt | 12.56B | 12.94B | 13.54B | 13.73B | 14.07B | 13.66B | 13.8B | 13.7B | 22.16B | 16.75B | 16.8B | 16.8B | 16.85B | 16.86B | 16.52B | 17.12B | 17.55B | 18.31B | 19.01B | 19.12B |
| Net Debt | 8.83B | 7.7B | 8.86B | 10.01B | 7.74B | 8.06B | 7.75B | 3.61B | 11.25B | 11.02B | 11.66B | 12.54B | 13.03B | 13.2B | 13.11B | 14.39B | 14.3B | 13.75B | 14.13B | 14.42B |
| Debt / Equity | 3.79x | 2.73x | 2.90x | 3.15x | 3.11x | 3.51x | 2.94x | 3.43x | 4.49x | 3.44x | 3.55x | 2.14x | 1.10x | 1.14x | 1.17x | 1.24x | 1.17x | 1.21x | 1.31x | 1.32x |
| Debt / EBITDA | 7.29x | 10.57x | 7.09x | 9.86x | 9.33x | 9.65x | 8.40x | 8.68x | 13.36x | 3.00x | - | 10.83x | 9.81x | 13.16x | 8.72x | 28.48x | 8.24x | 8.53x | 8.16x | 7.66x |
| Net Debt / EBITDA | 5.12x | 6.29x | 4.64x | 7.19x | 5.13x | 5.70x | 4.72x | 2.29x | 6.78x | 1.97x | - | 8.08x | 7.58x | 10.30x | 6.93x | 23.95x | 6.72x | 6.41x | 6.07x | 5.78x |
| Interest Coverage | 5.33x | 3.41x | 5.95x | 4.93x | 6.47x | 4.05x | 7.28x | 5.46x | 3.74x | 2.77x | -9.86x | -51.10x | 10.08x | 4.85x | 51.39x | 1.48x | 12.79x | 14.96x | 23.24x | 16.50x |
| Total Equity | 3.31B | 4.75B | 4.67B | 4.35B | 4.52B | 3.89B | 4.69B | 3.99B | 4.93B | 4.87B | 4.73B | 7.86B | 15.35B | 14.77B | 14.16B | 13.82B | 15B | 15.12B | 14.53B | 14.52B |
| Equity Growth % | -26.8% | 21.91% | -0.4% | 9.1% | -8.31% | -20.01% | -0.78% | -49.24% | -67.87% | -67.04% | -66.58% | -43.13% | 2.31% | -2.3% | -2.57% | -4.82% | 8.5% | 16.91% | 21.66% | 32.99% |
| Book Value per Share | 6.21 | 8.81 | 8.62 | 8.00 | 8.26 | 7.13 | 8.49 | 7.19 | 8.87 | 8.76 | 8.54 | 14.18 | 27.75 | 26.71 | 24.84 | 24.12 | 26.09 | 26.07 | 24.78 | 24.66 |
| Total Shareholders' Equity | 3.26B | 4.7B | 4.63B | 4.29B | 4.46B | 3.84B | 4.64B | 3.92B | 4.87B | 4.81B | 4.67B | 7.8B | 15.3B | 14.72B | 14.08B | 13.74B | 14.93B | 15.05B | 14.46B | 14.45B |
| Common Stock | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Retained Earnings | 38.16B | 38.26B | 38.1B | 37.69B | 37.43B | 36.8B | 36.46B | 35.48B | 37.47B | 37.48B | 37.38B | 40.29B | 47.97B | 47.95B | 48.24B | 45.27B | 46.06B | 45.82B | 45.36B | 44.82B |
| Treasury Stock | -37.31B | -35.94B | -35.76B | -35.54B | -34.75B | -34.46B | -33.78B | -33.15B | -32.76B | -32.86B | -32.89B | -32.93B | -32.96B | -33.26B | -32.84B | -30.78B | -30.86B | -30.46B | -29.67B | -29.24B |
| Accumulated OCI | -5.1B | -5.07B | -5.12B | -5.21B | -5.53B | -5.73B | -5.22B | -5.57B | -6.83B | -6.78B | -6.73B | -6.43B | -6.53B | -6.67B | -7.99B | -7.36B | -6.83B | -6.75B | -7.62B | -7.49B |
| Minority Interest | 48M | 45M | 47M | 61M | 59M | 52M | 52M | 72M | 67M | 61M | 59M | 59M | 53M | 48M | 76M | 74M | 74M | 71M | 70M | 68M |