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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,824 $ 3,655
Marketable securities — current 145 238
Accounts receivable — net of allowances of $162 and $174 4,638 4,532
Inventories    
Finished goods 2,523 2,497
Work in process 1,546 1,606
Raw materials and supplies 1,237 1,269
Total inventories 5,306 5,372
Prepaids 558 435
Other current assets 492 456
Total current assets 14,963 14,688
Property, plant and equipment 26,296 25,998
Less: Accumulated depreciation (17,049) (16,820)
Property, plant and equipment — net 9,247 9,178
Operating lease right of use assets 883 829
Goodwill 12,855 12,790
Intangible assets — net 4,585 4,699
Other assets 4,353 4,271
Total assets 46,886 46,455
Current liabilities    
Short-term borrowings and current portion of long-term debt 3,012 1,938
Accounts payable 3,130 3,183
Accrued payroll 604 692
Accrued income taxes 268 259
Operating lease liabilities — current 263 261
Other current liabilities 3,279 3,190
Total current liabilities 10,556 9,523
Long-term debt 12,948 14,001
Pension and postretirement benefits 1,956 1,966
Operating lease liabilities 627 580
Other liabilities 5,448 5,615
Total liabilities 31,535 31,685
Commitments and contingencies (Note 14)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,816 6,691
Retained earnings 47,966 47,950
Treasury stock, at cost: (32,963) (33,255)
Accumulated other comprehensive income (loss) (6,530) (6,673)
Total 3M Company shareholders’ equity 15,298 14,722
Noncontrolling interest 53 48
Total equity 15,351 14,770
Total liabilities and equity $ 46,886 $ 46,455