2023 Q3 Earnings

Consumer Q3 2023 commentary Organic growth performance - High-single digit declines in home improvement; home health and auto care - Mid-single digit decline in stationery and office - Back-to-school season demand trends muted; rising interest rates impacting housing market and DIY spending Operating margin down 70 bps YoY; up 230 bps sequentially - YoY decline driven by: ■ Lower sales volume and higher restructuring costs ■ Headwinds partially offset by benefits from productivity actions, restructuring, strong spending discipline, and price Organic growth -7.2% Operating margin 20.5% 2023 Q3 Earnings | October 24, 2023. All rights reserved. 3M 12

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