3M agrees to $7.35 billion settlement of PFAS personal injury claims
MMM•3M agreed to pay $7.35 billion over nine years through 2034 to settle PFAS-related personal injury claims involving about 115,000 to 120,000 eligible plaintiffs. It will record a $5.8 billion pretax charge in the fourth quarter of 2026, while full-year guidance remains unchanged.
1. Settlement terms
The settlement covers approximately 99% of current claims inside and outside South Carolina’s AFFF multidistrict litigation. It includes a $680 million reserve fund to help manage remaining and future personal injury claims.
2. Payment schedule
3M will pay $50 million in 2026 and nothing in 2027, with approximately 20% of the total due in the final two years. The company will record a $5.8 billion pretax charge, reflecting the settlement’s present value, in the fourth quarter of 2026; full-year guidance remains unchanged.
