3M has agreed to pay $6 billion as part of a settlement with individuals allegedly harmed by earplugs produced by its subsidiary Aearo Technologies, after military veterans and service members said the devices resulted in hearing loss.
In an Aug. 29 statement, 3M said it would pay out the $6 billion—comprised of $5 billion in cash and $1 billion in 3M common stock—over six years, starting in 2023.
