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Long-Term Debt and Short-Term Borrowings
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Long-Term Debt and Short-Term Borrowings Long-Term Debt and Short-Term Borrowings
In February 2023, 3M repaid $500 million aggregate principal amount of fixed-rate registered notes that matured. In
March 2023, 3M repaid $650 million aggregate principal amount of fixed-rate medium-term notes that matured.
2022 issuances, maturities, and extinguishments of short- and long-term debt are described in Note 12 to the Consolidated Financial Statements in 3M's 2022 Annual Report on Form 10-K.
The Company had $1.1 billion in commercial paper outstanding at March 31, 2023, compared to no commercial paper outstanding as of December 31, 2022.
Future Maturities of Long-term Debt
Maturities of long-term debt in the table below reflect the impact of put provisions associated with certain debt instruments and are net of the unamortized debt issue costs such that total maturities equal the carrying value of long-term debt as of March 31, 2023. The maturities of long-term debt for the periods subsequent to March 31, 2023 are as follows (in millions):
Remainder of
2023
20242025202620272028
After 2028
Total
$800$1,100$1,865$1,452$846$731$8,054$14,848