Restructuring Actions (Tables)

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Schedule of restructuring and related costs

The related first nine months of 2021 restructuring charges were recorded in the income statement as follows:

(Millions)	First Nine Months of 2021
Cost of sales	$	18
Selling, general and administrative expenses	74
Research, development and related expenses	15
Total operating income impact	$	107

The business segment operating income impact of these restructuring charges is summarized as follows:

	First Nine Months of 2021
(Millions)	Employee-Related
Safety and Industrial	$	28
Transportation and Electronics	23
Health Care	18
Consumer	6
Corporate and Unallocated	32
Total Operating Expense	$	107

Restructuring actions, including cash and non-cash impacts, follow:

(Millions)	Employee-Related
Accrued restructuring action balance as of December 31, 2020	$	101
Incremental expense incurred in the first quarter of 2021	14
Incremental expense incurred in the second quarter of 2021	43
Incremental expense incurred in the third quarter of 2021	50
Cash payments	(94)
Adjustments	(8)
Accrued restructuring action balances as of September 30, 2021	$	106

Schedule of restructuring reserve by type of cost

Divestiture-related restructuring actions, including cash and non-cash impacts, follow:

(Millions)	Employee-Related		Asset-Related and Other		Total
Accrued divestiture-related restructuring action balances as of December 31, 2020	$	15	$	9	$	24
Cash payments	(5)		—		(5)
Adjustments	(1)		—		(1)
Accrued divestiture-related restructuring action balances as of June 30, 2021	$	9	$	9	$	18

Restructuring actions, including cash and non-cash impacts, follow:

(Millions)	Employee-Related
Accrued restructuring action balances as of December 31, 2020	$	24
Cash payments	(4)
Adjustments	(9)
Accrued restructuring action balances as of March 31, 2021	$	11