Formerly | Minnesota Mining and Manufacturing Company (1902–2002) |
---|---|
Company type | Public |
ISIN | US88579Y1010 |
Industry | Conglomerate |
Founded | June 13, 1902Two Harbors, Minnesota, U.S.[1] | in
Founders |
|
Headquarters | , U.S. |
Area served | Worldwide |
Key people | William M. Brown (CEO)[3] |
Revenue | US$32.68 billion (2023) |
US$−9.13 billion (2023) | |
US$−6.99 billion (2023) | |
Total assets | US$50.58 billion (2023) |
Total equity | US$4.87 billion (2023) |
Number of employees | c. 85,000 (2023) |
Website | 3m |
Footnotes / references [4] |
3M Company (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods.[5] The company produces over 60,000 products under several brands,[6] including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental, orthodontic products, electrical, electronic connecting, insulating materials, medical products, car-care products,[7] electronic circuits, healthcare software, and optical films.[8] It is based in Maplewood, a suburb of Saint Paul, Minnesota.[9]
3M made $35.4 billion in total sales in 2021 and ranked number 102 in the Fortune 500 list of the largest United States corporations by total revenue.[10] As of 2021[update], the company had approximately 95,000 employees and operations in more than 70 countries.[11] There are a few international subsidiaries, such as 3M India, 3M Japan, and 3M Canada.[12]
In June 2023, 3M reached a settlement to pay more than $10 billion to US public water systems to resolve claims over the company's contamination of water with PFASs (so-called forever chemicals).[13] It has been revealed that the company knew of the health harms of PFAS in the 1990s, yet concealed these harms and continues to sell contaminated products.[14][15]