3M commits $7.35B to settle PFAS-related litigation
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3M (MMM) rose 1.1% post-market Tuesday after saying it entered into a broad resolution to settle PFAS-related personal injury claims that are the focus of the Aqueous Film-Forming Foam Multi-District Litigation.
Under the agreement, 3M (MMM) will make a pre-tax $7.35B nominal commitment over nine years, with a present value of $5.8B, which it said will address ~99% of current personal injury claims inside and outside the AFFF MDL, involving 115K-120K plaintiffs eligible to participate in the resolution, including all personal injury claims that have been the focus of the AFFF MDL litigation.
3M (MMM) will make a $50M payment in 2026 and no payments in 2027, with ~20% of payments due in the final two years, a schedule it said will "align to 3M's remaining payment obligations for other legacy settlements."
As a result of the settlement, 3M (MMM) said it will record a pre-tax charge of $5.8B in Q4 2026, representing the present value of contributions under the agreement; the charge will be reflected as a special item related to adjusted results and does not change the company's previously issued 2026 guidance.
"This settlement is a significant milestone for 3M and substantially reduces litigation uncertainty," Chairman and CEO William Brown said.
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