{"schema_version":"secwatch.filing_event.v1","accession":"0000066740-22-000085","form_type":"8-K","ticker":"MMM","cik":"0000066740","company_name":"3M CO","filed_at":"2022-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.277389+00:00","generated_at":"2026-06-21T02:08:25.058323+00:00","sec_items":["2.06","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"3M to Exit PFAS Manufacturing by End of 2025; Expects $1.3B-$2.3B Pre-tax Charges","bullets":["Board authorized plan to exit all PFAS manufacturing by end of 2025; also to discontinue PFAS use across product portfolio.","Total pre-tax charges estimated at $1.3B to $2.3B over exit period, 70-80% non-cash.","Q4 2022 pre-tax charge of $0.7B to $1.0B primarily non-cash asset impairments.","Manufactured PFAS annual net sales ~$1.3B with ~16% EBITDA margins; results to be adjusted from 2023.","Company will facilitate orderly customer transition and continue PFAS remediation and litigation defense."],"urls":{"canonical":"https://secwatch.observer/filing/0000066740-22-000085","json":"https://secwatch.observer/filing/0000066740-22-000085.json","markdown":"https://secwatch.observer/filing/0000066740-22-000085.md","text":"https://secwatch.observer/filing/0000066740-22-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66740/000006674022000085/0000066740-22-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66740/000006674022000085/mmm-20221216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T02:08:25.058323+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55a29b485aa5e29e5c0a6f3e7e0f07c33b68bf03","claim":"3M CO announced a impairment with charges of $0.7 billion to $1.0 billion affecting PFAS manufacturing.","evidence_excerpt":"As a result of authorization by 3M Company’s Board of Directors on December 16, 2022 of the plan to exit per- and polyfluoroalkyl substance (PFAS) manufacturing by the end of 2025, 3M expects to incur an estimated pre-tax charge in a range of $0.7 billion to $1.0 billion in the fourth quarter of 2022, primarily non-cash and related to asset impairments. These impairments, in and of themselves, are not expected to result in material future cash expenditures.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674022000085/0000066740-22-000085-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$0.7 billion to $1.0 billion"},{"label":"Affected area","value":"PFAS manufacturing"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}