Summary by Moomoo AI
3M, a diversified global manufacturer and technology innovator, has undergone significant changes in its corporate structure and financial reporting. The company has completed the separation of its Health Care business, resulting in the distribution of 80.1% of the outstanding shares of Solventum Corporation to 3M stockholders. This strategic move has transformed Solventum into an independent public entity, and 3M no longer includes Solventum's financial results in its consolidation. The historical net income, assets, and liabilities of Solventum are now reported as discontinued operations in 3M's financial statements. Additionally, 3M has made changes to its segment information to reflect the separation of Solventum and other internal adjustments. These changes are effective from the second quarter of 2024 and have been updated in the company's disaggregated...Show More
