secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0000066740-23-000048
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3M to pay up to $12.5B to resolve PFAS drinking water claims from U.S. public water systems
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- Settlement resolves drinking water PFAS claims by U.S. public water systems; total nominal value $10.5B-$12.5B payable 2024-2036.
- Pre-tax charge of approx. $10.3B in Q2 2023, reflecting present value of expected $12.5B nominal payments.
- Settlement subject to court approval; 3M admits no liability and can terminate if opt-outs exceed specified thresholds.
- Funding for PFAS treatment and testing for eligible PWS; 3M reaffirms plan to exit all PFAS manufacturing by end of 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000048/0000066740-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000048/mmm-20230622.htm
  HTML page:      https://secwatch.observer/filing/0000066740-23-000048

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