Revenue

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Contract Balances:

Deferred revenue primarily relates to revenue that is recognized over time for one-year software license contracts. Deferred revenue (current portion) as of September 30, 2021 and December 31, 2020 was $467 million and $498 million, respectively. Approximately $90 million and $410 million of the December 31, 2020 balance was recognized as revenue during the three and nine months ended September 30, 2021, respectively, while approximately $100 million and $370 million of the December 31, 2019 balance was recognized as revenue during the three and nine months ended September 30, 2020, respectively.

Operating Lease Revenue:

Net sales includes rental revenue from durable medical devices as part of operating lease arrangements (reported within the Medical Solutions Division), which was $148 million and $153 million during the three months ended September 30, 2021 and 2020, respectively, and $433 million and $428 million during the nine months ended September 30, 2021 and 2020.

Disaggregated revenue information:

The Company views the following disaggregated disclosures as useful to understanding the composition of revenue recognized during the respective reporting periods:

	Three months ended September 30,				Nine months ended September 30,
Net Sales (Millions)	2021		2020		2021		2020
Abrasives	$	362	$	289	$	1,067	$	861
Automotive Aftermarket	314		308		939		794
Closure and Masking Systems	264		242		761		745
Electrical Markets	322		285		948		824
Industrial Adhesives and Tapes	760		643		2,289		1,859
Personal Safety	1,105		1,136		3,475		3,220
Roofing Granules	109		113		338		294
Other Safety and Industrial	(1)		1		(1)		4
Total Safety and Industrial Business Segment	3,235		3,017		9,816		8,601
Advanced Materials	305		247		925		771
Automotive and Aerospace	439		410		1,424		1,126
Commercial Solutions	457		391		1,349		1,148
Electronics	1,000		1,025		3,040		2,772
Transportation Safety	250		245		727		678
Other Transportation and Electronics	(1)		(2)		(2)		(3)
Total Transportation and Electronics Business Segment	2,450		2,316		7,463		6,492
Drug Delivery	—		—		—		146
Food Safety	96		83		279		252
Health Information Systems	309		280		897		833
Medical Solutions	1,241		1,251		3,783		3,471
Oral Care	359		320		1,086		741
Separation and Purification Sciences	244		221		733		639
Other Health Care	—		5		(3)		5
Total Health Care Business Group	2,249		2,160		6,775		6,087
Consumer Health and Safety	152		139		465		431
Home Care	278		268		829		796
Home Improvement	699		644		1,988		1,711
Stationery and Office	355		318		992		843
Other Consumer	41		43		106		112
Total Consumer Business Group	1,525		1,412		4,380		3,893
Corporate and Unallocated	3		(2)		2		(1)
Elimination of Dual Credit	(520)		(553)		(1,693)		(1,471)
Total Company	$	8,942	$	8,350	$	26,743	$	23,601

	Three months ended September 30, 2021
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,710	$	828	$	698	$	(1)	$	3,235
Transportation and Electronics	728		1,367		355		—		2,450
Health Care	1,357		425		467		—		2,249
Consumer	1,135		241		149		—		1,525
Corporate and Unallocated	1		—		1		1		3
Elimination of Dual Credit	(239)		(219)		(62)		—		(520)
Total Company	$	4,692	$	2,642	$	1,608	$	—	$	8,942

	Nine months ended September 30, 2021
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	5,077	$	2,465	$	2,275	$	(1)	$	9,816
Transportation and Electronics	2,096		4,239		1,129		(1)		7,463
Health Care	4,001		1,263		1,512		(1)		6,775
Consumer	3,165		765		450		—		4,380
Corporate and Unallocated	1		—		1		—		2
Elimination of Dual Credit	(738)		(666)		(290)		1		(1,693)
Total Company	$	13,602	$	8,066	$	5,077	$	(2)	$	26,743

	Three months ended September 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,618	$	702	$	696	$	1	$	3,017
Transportation and Electronics	641		1,358		317		—		2,316
Health Care	1,335		377		447		1		2,160
Consumer	1,032		231		148		1		1,412
Corporate and Unallocated	—		—		—		(2)		(2)
Elimination of Dual Credit	(279)		(194)		(80)		—		(553)
Total Company	$	4,347	$	2,474	$	1,528	$	1	$	8,350

	Nine months ended September 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	4,500	$	2,063	$	2,038	$	—	$	8,601
Transportation and Electronics	1,848		3,711		933		—		6,492
Health Care	3,690		1,091		1,306		—		6,087
Consumer	2,801		697		395		—		3,893
Corporate and Unallocated	(1)		—		—		—		(1)
Elimination of Dual Credit	(716)		(533)		(222)		—		(1,471)
Total Company	$	12,122	$	7,029	$	4,450	$	—	$	23,601

Americas included United States net sales to customers of $3.9 billion and $3.7 billion for the three months ended September 30, 2021 and 2020, respectively, and $11.3 billion and $10.2 billion for the nine months ended September 30, 2021 and 2020, respectively.