Earnings Per Share

9 Months Ended

Sep. 30, 2025

Note 10. Earnings Per Share

The computations for basic and diluted earnings per share follow:


	Three months ended September 30,				Nine months ended September 30,
(Amounts in millions, except per share amounts)	2025		2024		2025		2024
Numerator:
Net income from continuing operations attributable to 3M	$	834	$	1,372	$	2,673	$	3,281
Net income from discontinued operations, net of taxes	—		—		—		164
Net income attributable to 3M	$	834	$	1,372	$	2,673	$	3,445

Denominator:
Weighted average 3M common shares outstanding – basic	534.1		550.6		538.4		553.1
Dilution associated with stock-based compensation plans	4.0		2.1		3.7		1.4
Weighted average 3M common shares outstanding – diluted	538.1		552.7		542.1		554.5

Earnings per share attributable to 3M common shareholders:
Earnings per share from continuing operations — basic	$	1.56	$	2.49	$	4.97	$	5.93
Earnings per share from discontinued operations — basic	—		—		—		0.30
Earnings per share — basic	$	1.56	$	2.49	$	4.97	$	6.23

Earnings per share from continuing operations — diluted	$	1.55	$	2.48	$	4.93	$	5.92
Earnings per share from discontinued operations — diluted	—		—		—		0.29
Earnings per share — diluted	$	1.55	$	2.48	$	4.93	$	6.21

The difference in the weighted average 3M shares outstanding for calculating basic and diluted earnings per share attributable to 3M common shareholders is the result of the dilution associated with the Company’s stock-based compensation plans. Certain awards outstanding below under these stock-based compensation plans were not included in the computation of diluted earnings per share attributable to 3M common shareholders because they would have had an anti-dilutive effect.


	Three months ended September 30,		Nine months ended September 30,
(Millions)	2025	2024	2025	2024
Average number of antidilutive shares	11.5	31.1	14.7	32.3

3M CO 10-Q