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3M Said That On March 29, The Company's Previously Announced Settlement Agreement With U.S. Public Water Suppliers Received Final Approval From The U.S. District Court In Charleston, South Carolina

Author: Benzinga Newsdesk | April 01, 2024 06:51am

As previously disclosed, 3M recorded an accrual of $10.3 billion for this matter, which reflects the pre-tax present value of the expected payments over 13 years under the agreement. Payments under the agreement are scheduled to begin in the third quarter of 2024, provided there are no pending appeals of the final approval order. 3M also continues to actively engage in insurance recovery activities.

Posted In: MMM


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