3M Co

MMM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$759.00	Xdrsvzw	Skzsfqz

3M on Good Financial Footing Following Solventum Spinoff, but Must Show Results to Win Market Over

Joshua Aguilar

Apr 1, 2024

Business Strategy and Outlook

Estimating 3M's legal liabilities is a highly uncertain exercise. While some believe these total liabilities are greater than the firm's market capitalization, we think its 2023 settlements greatly reduce 3M's risks and is the right move for shareholders. However, we remain concerned over 3M's ability to absorb additional PFAS-related liabilities, particularly related to personal injury exposure.

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