3M Research and Development Expenses 2010-2024 | MMM

3M annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • 3M research and development expenses for the quarter ending September 30, 2024 were $0.269B, a 0.75% increase year-over-year.
  • 3M research and development expenses for the twelve months ending September 30, 2024 were $1.791B, a 20.85% increase year-over-year.
  • 3M annual research and development expenses for 2023 were $1.842B, a 1.07% decline from 2022.
  • 3M annual research and development expenses for 2022 were $1.862B, a 6.62% decline from 2021.
  • 3M annual research and development expenses for 2021 were $1.994B, a 6.18% increase from 2020.
3M Annual Research and Development Expenses
(Millions of US $)
2023 $1,842
2022 $1,862
2021 $1,994
2020 $1,878
2019 $1,911
2018 $1,821
2017 $1,870
2016 $1,764
2015 $1,763
2014 $1,770
2013 $1,715
2012 $1,634
2011 $1,570
2010 $1,434
2009 $1,293
3M Quarterly Research and Development Expenses
(Millions of US $)
2024-09-30 $269
2024-06-30 $280
2024-03-31 $437
2023-12-31 $805
2023-09-30 $267
2023-06-30 $298
2023-03-31 $472
2022-12-31 $445
2022-09-30 $461
2022-06-30 $476
2022-03-31 $480
2021-12-31 $474
2021-09-30 $482
2021-06-30 $514
2021-03-31 $524
2020-12-31 $456
2020-09-30 $461
2020-06-30 $424
2020-03-31 $537
2019-12-31 $521
2019-09-30 $443
2019-06-30 $470
2019-03-31 $477
2018-12-31 $437
2018-09-30 $430
2018-06-30 $468
2018-03-31 $486
2017-12-31 $448
2017-09-30 $468
2017-06-30 $478
2017-03-31 $476
2016-12-31 $450
2016-09-30 $427
2016-06-30 $437
2016-03-31 $450
2015-12-31 $433
2015-09-30 $429
2015-06-30 $438
2015-03-31 $463
2014-12-31 $436
2014-09-30 $434
2014-06-30 $448
2014-03-31 $452
2013-12-31 $438
2013-09-30 $420
2013-06-30 $427
2013-03-31 $430
2012-12-31 $418
2012-09-30 $397
2012-06-30 $408
2012-03-31 $411
2011-12-31 $379
2011-09-30 $389
2011-06-30 $404
2011-03-31 $398
2010-12-31 $388
2010-09-30 $354
2010-06-30 $350
2010-03-31 $342
2009-12-31 $326
2009-09-30 $335
2009-06-30 $309
2009-03-31 $323
Sector Industry Market Cap Revenue
Multi-Sector Conglomerates Diversified Operations $69.807B $32.681B
3M Company together with its subsidiaries operates as a diversified technology firm. It has manufacturing operations across the globe and serves diversified customer base primarily in the United States, Europe, Middle East and Africa; Latin America/Canada; and the Asia Pacific regions. The company has four business segments. The Safety & Industrial segment mainly serves customers in the electrical, safety and industrial markets across the globe. The Transportation & Electronics segment primarily serves original equipment manufacturers in the electronics and transportation industries across the globe. The Health Care segment engages in serving customers in the global healthcare industry. Businesses within the segment are oral care, medical solutions, food safety, separation and purification sciences, and health information systems businesses. The Consumer segment provides office supply, stationery, home improvement products, homecare products and consumer healthcare products.
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