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Revenue
3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021 was $549 million and $529 million, respectively. Approximately $200 million of the December 31, 2021 balance was recognized as revenue during the three months ended March 31, 2022, while approximately $180 million of the December 31, 2020 balance was recognized as revenue during the three months ended March 31, 2021.
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 $136 million during the three months ended March 31, 2022 and $140 million during the three months ended March 31, 2021.
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
March 31,
Net Sales (Millions)20222021
Abrasives$329$323
Automotive Aftermarket295294
Closure and Masking Systems258243
Electrical Markets309301
Industrial Adhesives and Tapes621598
Personal Safety1,1271,229
Roofing Granules112108
Other Safety and Industrial3
Total Safety and Industrial Business Segment3,0513,099
Advanced Materials305315
Automotive and Aerospace460488
Commercial Solutions454427
Electronics923951
Transportation Safety198215
Total Transportation and Electronics Business Segment2,3402,396
Food Safety9287
Health Information Systems300289
Medical Solutions1,1281,093
Oral Care354360
Separation and Purification Sciences250240
Total Health Care Business Group2,1242,069
Consumer Health and Safety161144
Home Care274272
Home Improvement609604
Stationery and Office269268
Other Consumer1
Total Consumer Business Group1,3131,289
Corporate and Unallocated1(2)
Total Company$8,829$8,851
Three months ended
March 31,
Net Sales (Millions)20222021
Americas$4,438 $4,328 
Asia Pacific2,770 2,769 
Europe, Middle East and Africa1,621 1,755 
Other Unallocated (1)
Worldwide$8,829 $8,851 
Americas included United States net sales to customers of $3.6 billion for the three months ended March 31, 2022 and $3.6 billion for the three months ended March 31, 2021.