CLAIM #42780 · 3M Company (MMM) · 2026Q2 earnings call · Jul 21, 2026 · due Dec 31, 2026
“Just on the static cost, it is still $150 million for the year, more in the second half versus the first half.”
Anurag Maheshwari · CFO
How to check this claim
Look at: Static (stranded) costs for the full fiscal year
It came true if: Full-year static costs approximately $150 million (within +/-10%), with second-half costs exceeding first-half costs
Where: Company management commentary / investor presentation disclosing stranded cost figures (earnings call or 10-K MD&A)
In context
“oil is sort of neutral overall with the other price increases, you know, it will be slightly positive, from, from where we stand today. Thank you, Bill. Appreciate all that. Sure. Thank you. Operator: Our next question comes from the line of Nicole DeBlaseBlase with Deutsche Bank. Please proceed with your question. Nicole DeBlase: Thanks. Good morning, guys. Good morning, Nicole. Just on productivity and stranded costs and growth investments, has anything shifted at all in that outlook, and anything major to highlight as we consider the cadence in those items between the first half and the second half? Anurag Maheshwari: Yeah. Overall, Nicole, I would say nothing is changed significantly in terms of the cadence. what is gotten better is productivity, which I will come to that in a second. Just on the static cost, it is still $150 million for the year, more in the second half versus the first half. And on investments, we said it is going to be $225 million, and the investments are spread over growth, productivity, and foundation of about $225 million, $75 million in the first half, $150 million in the second half. So I would not say anything has changed on those 2 items. But clearly, on the productivity side, as Bill earlier mentioned on supply chain, it is definitely better than what we have seen through the course of the year. Okay, got it. Thanks, Anurag. And then just I think you guys did like $3 billion of buybacks in the first half and the prior guidance was for $2.5 billion so you have already exceeded that. How are you thinking about buyback cadence, if there is any in the second half of the year? Listen. We will continue to be, opportunistic and disciplined in just an overa”
Verify independently
SEC filings for MMM ↗ · Claim quote is verbatim from the 2026Q2 earnings call.