The Rising Influence of Rising Affluence

[DewDiligence]

Actually, the CC analysts did ask several questions about litigation, and 3M opened the door for that by changing the way they calculate non-GAAP earnings (#msg-168663629).

The analysts' questions got 3M to confirm that they expect $450M in 2022 litigation expenses, which equates to a $0.60 hit to GAAP EPS (excluding the the 1Q22 charge of $150M, $0.26/sh, for the Belgian environmental remediation).