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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,878 $ 4,634
Marketable securities — current 855 404
Accounts receivable — net of allowances of $212 and $233 4,916 4,705
Inventories    
Finished goods 2,324 2,081
Work in process 1,436 1,226
Raw materials and supplies 1,190 932
Total inventories 4,950 4,239
Prepaids 501 675
Other current assets 326 325
Total current assets 16,426 14,982
Property, plant and equipment 27,211 26,650
Less: Accumulated depreciation (17,888) (17,229)
Property, plant and equipment — net 9,323 9,421
Operating lease right of use assets 840 864
Goodwill 13,597 13,802
Intangible assets — net 5,426 5,835
Other assets 2,666 2,440
Total assets 48,278 47,344
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,972 806
Accounts payable 2,862 2,561
Accrued payroll 1,019 747
Accrued income taxes 278 300
Operating lease liabilities — current 262 256
Other current liabilities 3,242 3,278
Total current liabilities 9,635 7,948
Long-term debt 16,193 17,989
Pension and postretirement benefits 3,987 4,405
Operating lease liabilities 580 609
Other liabilities 3,353 3,462
Total liabilities 33,748 34,413
Commitments and contingencies
3M Company shareholders’ equity:    
Common stock par value, $.01 par value: 944,033,056 shares issued; Shares outstanding - September 30, 2021: 576,252,803; Shares outstanding - December 31, 2020: 577,749,638 9 9
Additional paid-in capital 6,383 6,162
Retained earnings 45,361 43,821
Treasury stock, at cost: Shares at September 30, 2021: 367,780,253; Shares at December 31, 2020: 366,283,418 (29,673) (29,404)
Accumulated other comprehensive income (loss) (7,620) (7,721)
Total 3M Company shareholders’ equity 14,460 12,867
Noncontrolling interest 70 64
Total equity 14,530 12,931
Total liabilities and equity $ 48,278 $ 47,344