SOLV · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Solventum Corp · 2026-08-05 · Importance 69 · Surprise 64

Cash and cash equivalents decreased by $475 million in the first six months of 2026, compared with a $268 million decrease in the first six months of 2025. Operating cash flow declined year over year primarily because of higher annual incentive compensation payments and payments related to exiting certain transition agreements with 3M. Investing cash outflows decreased year over year because prior-year capital spending included spending for the Purification and Filtration business. Financing cash outflows increased because of share repurchases, partly offset by proceeds from debt issuance.

Key facts

• Cash used in investing activities for the six months ended June 30 (two columns shown) were $(164) million and $(224) million. source
• In the first six months of 2026, cash flows provided by operating activities decreased compared to the first six months of 2025 primarily due to higher payments for annual incentive compensation and payments made in connection with the exit of certain transition agreements with 3M. source