3M said it promised to pay $7.35 billion over the next nine years as part of a settlement relating to the use of a chemical called PFAS in the company's products. The company said the commitment covers approximately 99% of current personal injury claims linked to lawsuits. According to a statement, 3M will pay $50 million in 2026 and not make any payments in 2027. About 20% of the payment will be made in the last two years, the company said. In late trading in the New York market, 3M's stock price rose 1.7%.

3M said it promised to pay $7.35 billion over the next nine years as part of a settlement relating to the use of a chemical called PFAS in the company's products. The company said the commitment covers approximately 99% of current personal injury claims linked to lawsuits. According to a statement, 3M will pay $50 million in 2026 and not make any payments in 2027. About 20% of the payment will be made in the last two years, the company said. In late trading in the New York market, 3M's stock price rose 1.7%.