Supplemental Income (Loss) Statement Information

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Supplemental Income (Loss) Statement Information

NOTE 6. Supplemental Income (Loss) Statement Information

Other expense (income), net consists of the following:

	Three months ended March 31,
(Millions)	2024		2023
Interest expense	$	385	$	123
Interest income	(110)		(40)
Pension and postretirement net periodic benefit cost (benefit)	(11)		(31)
Total	$	264	$	52

Interest expense includes $181 million and $123 million during the three months ended March 31, 2024 and 2023, respectively, related to outstanding debt. Beginning in the second quarter of 2023, interest expense also includes imputed interest associated with the obligations resulting from the PWS Settlement and the CAE Settlement (discussed in Note 16). In the first quarter of 2024, 3M incurred $44 million of interest expense associated with the debt issued by Solventum prior to the Separation discussed in Note 3 and further discussed in Note 11.

Pension and postretirement net periodic benefit income described in the table above include all components of defined benefit plan net periodic benefit cost (benefit) except service cost, which is reported in various operating expense lines. Refer to Note 12 for additional details on the components of pension and postretirement net periodic benefit cost (benefit).