3M settles AFFF PFAS personal injury MDL for $7.35B nominal ($5.8B present value), covering ~99% of claims

3M CO

$7.35B nominal commitment paid between 2026 and 2034; present value $5.8B; 3M records ~$5.8B pre-tax Q4 2026 charge as a special item.
Covers approximately 99% of current PFAS personal injury claims inside and outside the AFFF MDL; ~115,000-120,000 plaintiffs eligible to participate.
Payment timing: $50M in 2026, none in 2027, and roughly 20% of payments in the final two years; includes a $680M reserve fund for future claims.
Payments hinge on claimant participation thresholds; 3M may terminate if too few join and says it is prepared to continue defending; no admission of liability.
Does not change 3M's previously issued 2026 guidance; CEO William Brown cites the 2023 water-supplier and New Jersey PFAS settlements. Investor call Nov. 4, 2026.

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