3M agrees to $285M PFAS settlement with New Jersey, subject to court approval

3M CO

Pre-tax charge of ~$285M in Q2 2025; $210M for Chambers Works (payments 2026-2033) and $75M for statewide PFAS claims (payments 2030-2050).
Settlement resolves legacy PFAS claims at Chambers Works site and future statewide PFAS claims, including natural resource damages and cost recovery.
Settlement subject to public comment and court approval; 3M admits no liability or wrongdoing.
Amount may be adjusted based on 2023 class-action settlement with public water suppliers and potential credits.

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