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)	2022		2021
Abrasives	$	329	$	323
Automotive Aftermarket	295		294
Closure and Masking Systems	258		243
Electrical Markets	309		301
Industrial Adhesives and Tapes	621		598
Personal Safety	1,127		1,229
Roofing Granules	112		108
Other Safety and Industrial	—		3
Total Safety and Industrial Business Segment	3,051		3,099
Advanced Materials	305		315
Automotive and Aerospace	460		488
Commercial Solutions	454		427
Electronics	923		951
Transportation Safety	198		215
Total Transportation and Electronics Business Segment	2,340		2,396
Food Safety	92		87
Health Information Systems	300		289
Medical Solutions	1,128		1,093
Oral Care	354		360
Separation and Purification Sciences	250		240
Total Health Care Business Group	2,124		2,069
Consumer Health and Safety	161		144
Home Care	274		272
Home Improvement	609		604
Stationery and Office	269		268
Other Consumer	—		1
Total Consumer Business Group	1,313		1,289
Corporate and Unallocated	1		(2)
Total Company	$	8,829	$	8,851

	Three months ended March 31,
Net Sales (Millions)	2022		2021
Americas	$	4,438	$	4,328
Asia Pacific	2,770		2,769
Europe, Middle East and Africa	1,621		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.