The company announced Thursday that the agreement "includes present value commitment of up to $10.3 billion payable over 13 years."

The $10.3 billion agreement would settle a case that had been scheduled for trial earlier this month over a 2018 lawsuit brought by the city of Stuart, Florida. The judge overseeing the case delayed the trial the morning it was set to start.

The city alleged that 3M made or sold firefighting foams containing PFAS that polluted local soil and groundwater, and sought for more than $100 million for filtration and remediation.

Stuart is just one of about 300 communities that have filed similar suits against companies such as 3M that produced firefighting foam or the PFAS it contained.

3M itself is facing thousands of lawsuits alleging PFAS contamination that were not part of the latest settlement. Among the lawsuits are those filed by people with personal injury and property damage claims. U.S. states have also filed lawsuits citing damages to natural resources such as rivers and lakes.

'Not An Admission of Liability'