$MMM · 3M CO
3M entered a settlement on Nov 3, 2026 to resolve most PFAS personal injury claims in the AFFF MDL in South Carolina. 3M will pay a total nominal $7.35B between 2026 and 2034, subject to claimant participation thresholds. The company will record a ~$5.8B pre-tax Q4 2026 charge (present value), and admits no liability.
- Total nominal settlement of $7.35B payable 2026–2034.
- Pre-tax Q4 2026 charge of ~$5.8B (present value of contributions).
- Payment amounts and dates depend on claimant participation thresholds.
- Claimants must provide full release of PFAS personal injury and related claims.
- 3M admits no liability or wrongdoing.
Shares rose ~3.35% in extended trading to $182.99 vs the $177.05 regular close, suggesting investors view the settlement as removing a major overhang despite the $5.8B charge.
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This is the latest in 3M's multi-year PFAS liability resolution, following the earlier public water systems (PWS) settlement, as the company works to cap litigation exposure.
Risk that participation falls below the level permitting termination, or that non-participating plaintiffs file significant future claims; settlement could be appealed or challenged.