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  "documentTitle": "Solventum Corporation (SOLV)",
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  "presentationDate": "2025-01-08 00:00:00",
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  "notes": "The slide uses a table to summarize the 2023 business mix across four segments: MedSurg, Health Info Systems, Dental Solutions, and Purification & Filtration.",
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      "text": "Source: Company filings, Trian analysis. Note: Segment financials reflect 2023 figures. Margins reflect pre-spin adjusted operating income margins.",
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      "text": "While Solventum’s businesses are very different from each other, in many instances, they share attractive business quality characteristics: Invented and continue to define their respective product categories with well recognized brands; #1 positions across the portfolio in consolidated markets; Focused on categories where performance matters, and Solventum’s products perform the best; Products are often low ticket, yet niche, critical, daily-use items and services for customers; Limited direct reimbursement risk across the portfolio; Highly cash generative operations",
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      "text": "EBIT Margin: 33%",
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      "kind": "title",
      "text": "Solventum, Formerly 3M Health Care, Owns Advantaged Businesses",
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