2023 Q3 Earnings

Q3 2023 P&L Q3 Q3 GAAP ($M) 2023 2022 Change Sales $8,312 $8,619 (3.6)% Gross profit $3,732 $3,891 (4.1)% % to sales 44.9% 45.1% (0.2)% SG&A $5,992 $1,998 N/M % to sales 72.0% 23.1% 48.9% R&D & related $430 $461 (6.8)% % to sales 5.2% 5.4% (0.2)% Gain on sale of businesses $(36) (2,724) (98.7)% % to sales (0.4)% (31.6)% 31.2% Operating income (loss) $(2,654) $4,156 (163.9)% % to sales Net income (loss) (31.9)% 48.2% (80.1)% $(2,075) $3,859 (153.8)% Earnings (loss) per share $(3.74) $6.77 (155.3)% Note: the term "N/M" used within the appendix references "not meaningful" for certain percent changes. 2023 Q3 Earnings | October 24, 2023. All rights reserved. 3M 17

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