Revenue

9 Months Ended

Sep. 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 September 30, 2022 and December 31, 2021 was $506 million and $529 million, respectively. Approximately $100 million and $440 million of the December 31, 2021 balance was recognized as revenue during the three and nine months ended September 30, 2022, respectively, while approximately $90 million and $410 million of the December 31, 2020 balance was recognized as revenue during the three and nine months ended September 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 $145 million and $429 million during the three and nine months ended September 30, 2022, respectively, and $148 million and $433 million during the three and nine months ended September 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 September 30,				Nine months ended September 30,
Net Sales (Millions)	2022		2021		2022		2021
Abrasives	$	339	$	332	$	1,014	$	981
Automotive Aftermarket	316		293		900		881
Closure and Masking Systems	266		264		794		761
Electrical Markets	331		316		976		930
Industrial Adhesives and Tapes	598		594		1,805		1,791
Personal Safety	922		1,098		3,021		3,452
Roofing Granules	122		109		359		338
Other Safety and Industrial	—		(1)		—		(1)
Total Safety and Industrial Business Segment	2,894		3,005		8,869		9,133
Advanced Materials	297		303		909		920
Automotive and Aerospace	437		415		1,325		1,346
Commercial Solutions	459		444		1,361		1,312
Electronics	813		917		2,599		2,781
Transportation Safety	233		247		653		719
Other Transportation and Electronics	—		1		—		—
Total Transportation and Electronics Business Segment	2,239		2,327		6,847		7,078
Food Safety	63		94		244		275
Health Information Systems	312		309		921		897
Medical Solutions	1,150		1,169		3,447		3,428
Oral Care	314		357		1,025		1,080
Separation and Purification Sciences	229		243		734		730
Other Health Care	8		1		8		(3)
Total Health Care Business Group	2,076		2,173		6,379		6,407
Consumer Health and Safety	146		145		452		446
Home Care	265		272		800		812
Home Improvement	663		680		1,854		1,929
Stationery and Office	335		338		946		938
Other Consumer	—		(1)		—		(2)
Total Consumer Business Group	1,409		1,434		4,052		4,123
Corporate and Unallocated	1		3		3		2
Total Company	$	8,619	$	8,942	$	26,150	$	26,743

	Three months ended September 30,				Nine months ended September 30,
Net Sales (Millions)	2022		2021		2022		2021
Americas	$	4,741	$	4,692	$	13,930	$	13,602
Asia Pacific	2,485		2,642		7,702		8,066
Europe, Middle East and Africa	1,393		1,608		4,518		5,077
Other Unallocated	—		—		—		(2)
Worldwide	$	8,619	$	8,942	$	26,150	$	26,743

Americas included United States net sales to customers of $3.9 billion and $11.4 billion for the three and nine months ended September 30, 2022, respectively, and $3.9 billion and $11.3 billion for the three and nine months ended September 30, 2021, respectively.