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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 2,722 $ 4,564
Marketable securities — current 262 201
Accounts receivable — net of allowances of $196 and $189 4,914 4,660
Inventories    
Finished goods 2,446 2,196
Work in process 1,788 1,577
Raw materials and supplies 1,411 1,212
Total inventories 5,645 4,985
Prepaids 588 654
Other current assets 383 339
Total current assets 14,514 15,403
Property, plant and equipment 27,013 27,213
Less: Accumulated depreciation (17,694) (17,784)
Property, plant and equipment — net 9,319 9,429
Operating lease right of use assets 835 858
Goodwill 13,064 13,486
Intangible assets — net 4,993 5,288
Other assets 2,909 2,608
Total assets 45,634 47,072
Current liabilities    
Short-term borrowings and current portion of long-term debt 2,257 1,307
Accounts payable 3,273 2,994
Accrued payroll 704 1,020
Accrued income taxes 228 260
Operating lease liabilities — current 256 263
Other current liabilities 3,178 3,191
Total current liabilities 9,896 9,035
Long-term debt 14,019 16,056
Pension and postretirement benefits 2,638 2,870
Operating lease liabilities 584 591
Other liabilities 4,681 3,403
Total liabilities 31,818 31,955
Commitments and contingencies (Note 14)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,607 6,429
Retained earnings 45,269 45,821
Treasury stock (30,781) (30,463)
Accumulated other comprehensive income (loss) (7,362) (6,750)
Total 3M Company shareholders’ equity 13,742 15,046
Noncontrolling interest 74 71
Total equity 13,816 15,117
Total liabilities and equity $ 45,634 $ 47,072