Revenue

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022 was $520 million and $538 million, respectively. Approximately $200 million of the December 31, 2022 balance and of the December 31, 2021 balance was recognized as revenue during the three months ended March 31, 2023 and during the three months ended March 31, 2022.

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 $139 million and $136 million during the three months ended March 31, 2023 and 2022, 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 March 31,
Net Sales (Millions)	2023		2022
Abrasives	$	341	$	329
Automotive Aftermarket	312		295
Closure and Masking Systems	245		258
Electrical Markets	324		309
Industrial Adhesives and Tapes	544		621
Personal Safety	903		1,127
Roofing Granules	110		112
Total Safety and Industrial Business Segment	2,779		3,051
Advanced Materials	301		305
Automotive and Aerospace	462		460
Commercial Solutions	432		454
Electronics	672		923
Transportation Safety	183		198
Total Transportation and Electronics Business Segment	2,050		2,340
Food Safety	—		92
Health Information Systems	300		300
Medical Solutions	1,123		1,128
Oral Care	341		348
Separation and Purification Sciences	232		260
Other Health Care	14		—
Total Health Care Business Group	2,010		2,128
Home, Health and Auto Care	400		437
Construction and Home Improvement Markets	529		603
Stationery and Office	263		269
Total Consumer Business Group	1,192		1,309
Corporate and Unallocated	—		1
Total Company	$	8,031	$	8,829

	Three months ended March 31,
Net Sales (Millions)	2023		2022
Americas	$	4,399	$	4,438
Asia Pacific	2,180		2,770
Europe, Middle East and Africa	1,452		1,621
Worldwide	$	8,031	$	8,829

Americas included United States net sales to customers of $3.6 billion for both the three months ended March 31, 2023 and 2022.