3M Cuts Costs to Lift Margins, While Rising Costs Threaten Momentum
3M is pursuing structural measures to improve operating efficiency and strengthen margins, including shrinking its corporate center, streamlining its footprint, simplifying its supply chain, and optimizing manufacturing roles. Most restructuring actions were completed by end-2025. In Q2 2026, productivity and organic volume lifted adjusted operating margin to 24.9%, but cost of sales rose and remains a key risk.