$MMM (3M) — 8-K: 3M to pay $5.8 billion present value to settle AFFF PFAS personal injury claims

3M agreed to a pre-tax $7.35 billion nominal commitment over nine years, with a present value of $5.8 billion, to resolve PFAS-related personal injury claims in the AFFF MDL. The agreement covers approximately 99% of current claims, involving approximately 115,000-120,000 eligible plaintiffs. 3M will record a pre-tax charge of $5.8 billion in the fourth quarter of 2026 as a special item, and the settlement does not change previously issued 2026 guidance. The payment structure includes a $50 million payment in 2026, no payments in 2027, and approximately 20% of payments due in the final two years.

3M agreed to a pre-tax $7.35 billion nominal commitment over nine years, with a present value of $5.8 billion, to resolve PFAS-related personal injury claims in the AFFF MDL. The agreement covers appr