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3M公司(MMM) 2025年10-K年度报告「NYSE」(英文版)(158页).pdf

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1、Table of ContentsUNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,2025oro TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE A

2、CT OF 1934For the transition period from _ to _Commission file number 1-32853M COMPANYState of Incorporation:DelawareI.R.S.Employer Identification No.41-0417775Principal executive offices:3M Center,St.Paul,Minnesota 55144Telephone number:(651)733-1110Securities registered pursuant to Section 12(b)of

3、 the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock,Par Value$.01 Per ShareMMMNew York Stock ExchangeMMMNYSE Texas,Inc.1.500%Notes due 2026MMM26New York Stock Exchange1.750%Notes due 2030MMM30New York Stock Exchange1.500%Notes due 2031MMM31New York Stoc

4、k ExchangeNote:The common stock of the registrant is also traded on the SIX Swiss Exchange.Securities registered pursuant to section 12(g)of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes x No oIndicate by check m

5、ark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of the Act.Yes o No xIndicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or

6、for such shorter period that theregistrant was required to file such reports),and(2)has been subject to such filing requirements for the past 90 days.Yes x No oIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to

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1. **公司概况**:3M公司(MMM)成立于1902年,总部位于明尼苏达州,业务覆盖安全工业、交通电子和消费品三大领域,2025年全球员工约6.05万人。 2. **财务数据**:截至2026年1月31日,非关联股东持股市值约807亿美元,流通股5.267亿股。 3. **风险因素**: - **PFAS风险**:因全氟烷基物质面临法律诉讼,2023年达成105-125亿美元和解协议(2024-2036年支付),2025年底退出PFAS制造。 - **全球经济与贸易**:56%收入来自海外,受汇率波动、关税及地缘政治冲突影响。 - **合规风险**:涉及FCPA反腐败、环境法规及政府合同合规,可能面临高额罚款或声誉损害。 4. **战略重点**:优化销售渠道、供应链管理,推进产品创新及可持续发展。
PFAS风险有多大? 3M业务如何布局? 全球经济影响几何?
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