3M names healthcare spinoff, Solventum—a portmanteau of “solving” and “momentum”: https://finance.yahoo.com/news/3m-reveals-solventum-name-planned-160100532.html The healthcare segment comprises about 25% of 3M's worldwide sales, and it has a higher profit margin than the company as a whole. 3M has not yet disclosed whether the spin will be accomplished via a direct distribution to 3M shareholders or via a voluntary exchange offer; in either case the spin, which is planned for 1H24, is tax-free for 3M’s US shareholders. More info is available at https://www.3m.com/3M/en_US/health-care-us/?utm_term=hcbg-hcbs-na-en_us-ba-soft_spin-offa-vn-na-na-na-nov23-00000 .