XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 3,247 $ 4,564
Marketable securities — current 112 201
Accounts receivable — net of allowances of $209 and $189 4,815 4,660
Inventories    
Finished goods 2,337 2,196
Work in process 1,669 1,577
Raw materials and supplies 1,284 1,212
Total inventories 5,290 4,985
Prepaids 561 654
Other current assets 427 339
Total current assets 14,452 15,403
Property, plant and equipment 27,157 27,213
Less: Accumulated depreciation (17,768) (17,784)
Property, plant and equipment — net 9,389 9,429
Operating lease right of use assets 865 858
Goodwill 13,368 13,486
Intangible assets — net 5,141 5,288
Other assets 2,640 2,608
Total assets 45,855 47,072
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,877 1,307
Accounts payable 3,164 2,994
Accrued payroll 638 1,020
Accrued income taxes 274 260
Operating lease liabilities — current 261 263
Other current liabilities 2,938 3,191
Total current liabilities 9,152 9,035
Long-term debt 14,801 16,056
Pension and postretirement benefits 2,792 2,870
Operating lease liabilities 608 591
Other liabilities 3,498 3,403
Total liabilities 30,851 31,955
Commitments and contingencies
3M Company shareholders’ equity:    
Common stock par value, $.01 par value: 944,033,056 shares issued; Shares outstanding - March 31, 2022: - ; Shares outstanding - December 31, 2021: 571,845,478 9 9
Additional paid-in capital 6,559 6,429
Retained earnings 46,056 45,821
Treasury stock, at cost: Shares at September 30, 2021: 367,780,253; Shares at December 31, 2020: 366,283,418 (30,860) (30,463)
Accumulated other comprehensive income (loss) (6,834) (6,750)
Total 3M Company shareholders’ equity 14,930 15,046
Noncontrolling interest 74 71
Total equity 15,004 15,117
Total liabilities and equity $ 45,855 $ 47,072