3M High Debt

I know 3M (MMM) is a popular dividend stock and they make a lot of products everyone uses but they have about $16 billion in debt with around $4 billion in cash. Is anyone concerned about this? I know they’ve been going strong for longer than I’ve been alive but this seems it could come back around down the road. I understand majority of companies carry debt and very few could pay it all off if they wanted, but this seems to be worrisome. If anyone has thoughts I’d love to hear.


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