Revenue

6 Months Ended

Jun. 30, 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 June 30, 2022 and December 31, 2021 was $503 million and $529 million, respectively. Approximately $140 million and $340 million of the December 31, 2021 balance was recognized as revenue during the three and six months ended June 30, 2022, respectively, while approximately $140 million and $320 million of the December 31, 2020 balance was recognized as revenue during the three and six months ended June 30, 2021, 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 $284 million during the three and six months ended June 30, 2022, respectively, and $145 million and $285 million during the three and six months ended June 30, 2021, respectively.

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 June 30,				Six months ended June 30,
Net Sales (Millions)	2022		2021		2022		2021
Abrasives	$	346	$	326	$	675	$	649
Automotive Aftermarket	289		294		584		588
Closure and Masking Systems	270		254		528		497
Electrical Markets	336		313		645		614
Industrial Adhesives and Tapes	586		599		1,207		1,197
Personal Safety	972		1,125		2,099		2,354
Roofing Granules	125		121		237		229
Other Safety and Industrial	—		(3)		—		—
Total Safety and Industrial Business Segment	2,924		3,029		5,975		6,128
Advanced Materials	307		302		612		617
Automotive and Aerospace	428		443		888		931
Commercial Solutions	448		441		902		868
Electronics	863		913		1,786		1,864
Transportation Safety	222		257		420		472
Other Transportation and Electronics	—		(1)		—		(1)
Total Transportation and Electronics Business Segment	2,268		2,355		4,608		4,751
Food Safety	89		94		181		181
Health Information Systems	309		299		609		588
Medical Solutions	1,169		1,166		2,297		2,259
Oral Care	357		363		711		723
Separation and Purification Sciences	255		247		505		487
Other Health Care	—		(4)		—		(4)
Total Health Care Business Group	2,179		2,165		4,303		4,234
Consumer Health and Safety	145		157		306		301
Home Care	261		268		535		540
Home Improvement	582		645		1,191		1,249
Stationery and Office	342		332		611		600
Other Consumer	—		(2)		—		(1)
Total Consumer Business Group	1,330		1,400		2,643		2,689
Corporate and Unallocated	1		1		2		(1)
Total Company	$	8,702	$	8,950	$	17,531	$	17,801

	Three months ended June 30,				Six months ended June 30,
Net Sales (Millions)	2022		2021		2022		2021
Americas	$	4,751	$	4,582	$	9,189	$	8,910
Asia Pacific	2,447		2,655		5,217		5,424
Europe, Middle East and Africa	1,504		1,714		3,125		3,469
Other Unallocated	—		(1)		—		(2)
Worldwide	$	8,702	$	8,950	$	17,531	$	17,801

Americas included United States net sales to customers of $3.9 billion and $7.5 billion for the three and six months ended June 30, 2022, respectively, and $3.8 billion and $7.4 billion for the three and six months ended June 30, 2021, respectively.