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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 3,404 $ 4,564
Marketable securities — current 185 201
Accounts receivable — net of allowances of $186 and $189 4,722 4,660
Inventories    
Finished goods 2,443 2,196
Work in process 1,829 1,577
Raw materials and supplies 1,343 1,212
Total inventories 5,615 4,985
Prepaids 467 654
Other current assets 502 339
Total current assets 14,895 15,403
Property, plant and equipment 26,666 27,213
Less: Accumulated depreciation (17,470) (17,784)
Property, plant and equipment — net 9,196 9,429
Operating lease right of use assets 801 858
Goodwill 12,669 13,486
Intangible assets — net 4,815 5,288
Other assets 3,800 2,608
Total assets 46,176 47,072
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,856 1,307
Accounts payable 3,063 2,994
Accrued payroll 717 1,020
Accrued income taxes 270 260
Operating lease liabilities — current 241 263
Other current liabilities 3,396 3,191
Total current liabilities 9,543 9,035
Long-term debt 13,849 16,056
Pension and postretirement benefits 2,502 2,870
Operating lease liabilities 570 591
Other liabilities 5,556 3,403
Total liabilities 32,020 31,955
Commitments and contingencies (Note 14)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,654 6,429
Retained earnings 48,245 45,821
Treasury stock (32,843) (30,463)
Accumulated other comprehensive income (loss) (7,985) (6,750)
Total 3M Company shareholders’ equity 14,080 15,046
Noncontrolling interest 76 71
Total equity 14,156 15,117
Total liabilities and equity $ 46,176 $ 47,072