How did 3M's R&D spending change in 2024?

3M's Research and Development (R&D) spending decreased in 2024 compared to the previous year. The company's R&D expenses were $1.15 billion in 2023 and $1.09 billion in 2024. This represents a reduction in spending of approximately 5.2%.

|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|MMM|MMM.N|3M|2024 Q1|4.37E8|-7.415254237288135|169|
|MMM|MMM.N|3M|2024 Q2|2.8E8|-6.0402684563758395|169|
|MMM|MMM.N|3M|2024 Q3|2.69E8|0.7490636704119851|169|
|MMM|MMM.N|3M|2024 Q4|2.82E8|-3.4246575342465753|169|

|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|MMM|MMM.N|3M|2023 Q1|4.72E8|-1.6666666666666667|169|
|MMM|MMM.N|3M|2023 Q2|2.98E8|-37.39495798319328|169|
|MMM|MMM.N|3M|2023 Q3|2.67E8|-42.0824295010846|169|
|MMM|MMM.N|3M|2023 Q4|2.92E8|-34.38202247191011|169|