3M (MMM) Total Debt (2009 - 2026)
3M's Total Debt came in at $12.55 billion for Q2 2026, down 4.5% from $13.15 billion a year earlier and unchanged from the prior quarter.
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Analysis
3M (MMM) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, 3M's Total Debt was $12.6 billion, down 3.4% from FY2024.
- Total Debt carries a five-year compound annual growth rate of -7.7% (FY2020 to FY2025).
- Going back by year, Total Debt was $13.04 billion in FY2024 (-18.7%), $16.04 billion in FY2023 (+0.6%), $15.94 billion in FY2022 (-8.2%) and $17.36 billion in FY2021 (-7.6%).
- The Q2 2026 figure represents the lowest quarterly Total Debt since Q3 2017.
- Year-over-year, Total Debt has declined for four consecutive quarters, with an average decline of 11.5% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q1 2024 (growth of 34.2%), and the weakest in Q1 2025 (a decline of 37.1%).
- Business Quant data shows MMM's Total Debt at $12.56 billion (Q1 2026), $12.6 billion (Q4 2025) and $12.6 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 45.15 Bn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 18.81 Bn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 23.21 Bn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 20.61 Bn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 8.52 Bn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 2.94 Bn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 13.11 Bn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 12.55 Bn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 9.69 Bn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 7.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.55 Bn |
| Mar 31, 2026 | 12.56 Bn |
| Dec 31, 2025 | 12.60 Bn |
| Sep 30, 2025 | 12.60 Bn |
| Jun 30, 2025 | 13.15 Bn |
| Mar 31, 2025 | 13.48 Bn |
| Dec 31, 2024 | 13.04 Bn |
| Sep 30, 2024 | 13.19 Bn |
| Jun 30, 2024 | 13.08 Bn |
| Mar 31, 2024 | 21.41 Bn |
| Dec 31, 2023 | 16.04 Bn |
| Sep 30, 2023 | 16.01 Bn |
| Jun 30, 2023 | 15.99 Bn |
| Mar 31, 2023 | 15.96 Bn |
| Dec 31, 2022 | 15.94 Bn |
| Sep 30, 2022 | 15.71 Bn |
| Jun 30, 2022 | 16.28 Bn |
| Mar 31, 2022 | 16.68 Bn |
| Dec 31, 2021 | 17.36 Bn |
| Sep 30, 2021 | 18.17 Bn |
API Access
3M Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();