3M公司 2025年度报告

Business segments Safety and Industrial: $11.4Bnet sales The Safety & Industrial Business Group (SIBG) drives performance, safety and reliability to protect people and transform how workgets done. Through the power of our products and our people, we have been driving this purpose for and with our customers overmany decades and throughout the world. SIBG serves a broad range of customers with products spanning multiple markets,including personal safety, industrial adhesives and tapes, electrical and abrasive systems. These businesses drive many of 3M’slargest technologies and portfolios. Recent innovations 3M™ Deadbreak T-Body with Test Point 635Tis a fully shielded, compact medium-voltageconnector that offers a safer alternative totraditional live-front terminations and is simpleto install. 3M also provides system designsupport and automated tools for consistentinstallation to help ensure reliable connectionsfor data centers and other criticalinfrastructure. 3M™ VHB™ Tape Maxredefines performance standards with the highest-strength acrylic foamtape in 3M’s portfolio. It increasesproduction efficiency and empowersengineers to design stronger, sleekerand more advanced products acrossdemanding applications. Transportation and Electronics: $7.6B*net sales The Transportation & Electronics Business Group (TEBG) partners closely with customers across a range of industries, includingautomotive, aerospace and defense, data center and networks, electronics, and semiconductor to develop industry-firstinnovations. TEBG focuses on collaborative innovation – working bench-to-bench with leading innovators and in partnershipwith the broader value chain – to shape the technology and product roadmaps that drive our customers’ growth. Recent innovations 3M™ Enhanced Anti-Sparkle Filmis an optical film to reduce “sparkle,”a visual artifact that can make screenswith anti-glare coatings look grainy ordistracting. This film uses adhesive andmicroreplication technology to controlhow light is scattered and reflected,creating a clearer and more uniformdisplay while eliminating the need tosource separate film and adhesivesolutions. 3M™ Space Solar Film3M space solar array barrier films are highly flexible, durable and lightweight materialsenabling improved satellite productionefficiency and lower manufacturing costs.These high-performance materials withstandharsh conditions during launch and in space,while maintaining the desired performance.The solutions utilize 3M’s expertise spanningAerospace, Industrial and Electronicsapplications to deliver enhanced energyperformance and design flexibility forleading space customers. Consumer: $4.9Bnet sales For decades, millions of consumers have trusted 3M brands including Scotch™, Post-it®, Command™, Scotch-Brite®, Filtrete™,Meguiar’s®and more as a part of their everyday lives. The Consumer Business Group (CBG) has a family of iconic, enduring andvaluable brands, all underpinned by 3M’s proprietary technology. CBG leverages differentiated technology and our leading brandsto establish a strong retail presence and increase loyalty with consumers. Recent innovations Brite by Scotch-Brite™ Cleaning ToolsBold, bright and designed to delight,the new Brite by Scotch-Brite™ line ofcleaning tools was built for Millennialand Gen Z cleaners. Every detail makesthe cleaning experience easier and morefun while being tough on mess. Fromthe 3M-developed scrubbing materialto the sleek, Drain & Dry Stands andbold aesthetic, this collection is aseffective as it is eye-catching. 3M™ ScotchBlue™ PROSharp™ Painter'sTapedelivers our sharpest paint lines yet from the #1 trusted brand of painter's tapes.Created for pros and DIYers alike, this highperformance tape helps users achievecrisp, professional-grade results the firsttime, helping ensure clean, confidentresults on every project. *Amount provided on an adjusted basis, non-GAAP measure.See “Additional financial information” section for additional details. Dear Shareholders, 2025 was a foundational year for 3M. We strengthenedthe core of our operating model by embedding greaterrigor, accountability and speed across the enterprise.These actions are elevating our execution across thecompany and enabling strong performance despite asoft macroeconomic backdrop. In 2025, we delivered strong results and we are trackingahead of the three-year commitments made at ourInvestor Day in February. We strengthened top-lineperformance with solid organic growth, improvedoperational execution, and achieved a 10 percentincrease in adjusted earnings per share. We generatedrobust free cash flow and maintained disciplined capitaldeployment, returning $4.8 billion to shareholdersthrough dividends and share repurchases. Our objective is clear: continue delivering results byscaling what works. We remain focused on drivingorganic growth, expanding margins and deployingcapital effectively, supported by a strong operatingmodel and a faster cadence of execution. We wil