Capital Expenditures for 3M (MMM)
According to 3M's latest reported financial statements, the company's current capital expenditures (TTM) is $899.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MMM
Currently viewingCapital ExpendituresSwitch metric
Latest period
$899.00M
YoY change
-22.9%
5Y CAGR
-9.5%
Peak year (2022)
$1.75B
Cumulative capital expenditures
$47.08B
CapEx history chart for 3M (MMM) from 1989 to 2025
CapEx history table for 3M (MMM) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $910.00M | -22.9% | ||
| 2024 | $1.18B | -26.9% | ||
| 2023 | $1.61B | -7.7% | ||
| 2022 | $1.75B | +9.1% | ||
| 2021 | $1.60B | +6.8% | ||
| 2020 | $1.50B | -11.7% | ||
| 2019 | $1.70B | +7.7% | ||
| 2018 | $1.58B | +14.9% | ||
| 2017 | $1.37B | -3.3% | ||
| 2016 | $1.42B | -2.8% | ||
| 2015 | $1.46B | -2.1% | ||
| 2014 | $1.49B | -10.3% | ||
| 2013 | $1.67B | +12.2% | ||
| 2012 | $1.48B | +7.6% | ||
| 2011 | $1.38B | +26.4% | ||
| 2010 | $1.09B | +20.8% | ||
| 2009 | $903.00M | -38.6% | ||
| 2008 | $1.47B | +3.4% | ||
| 2007 | $1.42B | +21.7% | ||
| 2006 | $1.17B | +23.9% | ||
| 2005 | $943.00M | +0.6% | ||
| 2004 | $937.00M | +38.4% | ||
| 2003 | $677.00M | -11.3% | ||
| 2002 | $763.00M | -22.1% | ||
| 2001 | $980.00M | -12.1% | ||
| 2000 | $1.11B | +7.3% | ||
| 1999 | $1.04B | -27.3% | ||
| 1998 | $1.43B | +1.7% | ||
| 1997 | $1.41B | +26.8% | ||
| 1996 | $1.11B | +1.9% | ||
| 1995 | $1.09B | -5.2% | ||
| 1994 | $1.15B | +3.2% | ||
| 1993 | $1.11B | -15.6% | ||
| 1992 | $1.32B | -0.6% | ||
| 1991 | $1.33B | -0.8% | ||
| 1990 | $1.34B | +12.6% | ||
| 1989 | $1.19B | — |
CapEx values are taken from 3M's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for 3M (MMM) came in at $910.00M – declined 22.9% year-over-year.
Through 2020–2025 (5 years), 3M capital expenditures delivered a -9.5% annualised rate; with a net decline across the window.
3M capital expenditures peaked at $1.75B in 2022; the latest annual figure is $910.00M in 2025 (48.0% below peak).
The highest annual capital expenditures of $1.75B was reported in 2022. The lowest in the available history was $677.00M in 2003.
Among 8 Industrials peers, 3M (MMM) ranks 8th; the peer median for capital expenditures is $2.05B.
3M Capital Expenditures by Year
3M Capital Expenditures 2025: $910.00M
3M capital expenditures in 2025 was $910.00M, declined 22.9% below 2024.
3M Capital Expenditures 2024: $1.18B
3M capital expenditures in 2024 was $1.18B, declined 26.9% below 2023.
3M Capital Expenditures 2023: $1.61B
3M capital expenditures in 2023 was $1.61B, declined 7.7% below 2022.
3M Capital Expenditures 2022: $1.75B
3M capital expenditures in 2022 was $1.75B, grew 9.1% from 2021. This figure represents the highest annual value in the available history.
3M Capital Expenditures 2021: $1.60B
3M capital expenditures in 2021 was $1.60B.
See more financial history for 3M (MMM).
Sector peers — CapEx
Companies in the same sector as 3M, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is 3M's capital expenditures?
- Latest reported capital expenditures for 3M (MMM) is $899.00M (period ending March 31, 2026).
How has 3M capital expenditures changed year-over-year?
- 3M (MMM) capital expenditures changed -22.9% year-over-year on the latest annual filing.
What is the long-term growth rate of 3M capital expenditures?
- 3M (MMM) capital expenditures compound annual growth rate is -9.5% over the most recent 5 years available.
When did 3M capital expenditures hit its highest annual value?
- 3M capital expenditures reached its highest annual value of $1.75B in 2022.
What was 3M capital expenditures in 2024?
- 3M (MMM) capital expenditures in 2024 was $1.18B.
What was 3M capital expenditures in 2025?
- 3M (MMM) capital expenditures in 2025 was $910.00M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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