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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 5,140 $ 3,655
Marketable securities — current 73 238
Accounts receivable — net of allowances of $155 and $174 4,852 4,532
Inventories    
Finished goods 2,405 2,497
Work in process 1,491 1,606
Raw materials and supplies 1,169 1,269
Total inventories 5,065 5,372
Prepaids 578 435
Other current assets 490 456
Total current assets 16,198 14,688
Property, plant and equipment 26,189 25,998
Less: Accumulated depreciation (17,185) (16,820)
Property, plant and equipment — net 9,004 9,178
Operating lease right of use assets 782 829
Goodwill 12,721 12,790
Intangible assets — net 4,324 4,699
Other assets 6,592 4,271
Total assets 49,621 46,455
Current liabilities    
Short-term borrowings and current portion of long-term debt 3,137 1,938
Accounts payable 3,104 3,183
Accrued payroll 905 692
Accrued income taxes 220 259
Operating lease liabilities — current 234 261
Other current liabilities 7,866 3,190
Total current liabilities 15,466 9,523
Long-term debt 12,876 14,001
Pension and postretirement benefits 1,846 1,966
Operating lease liabilities 550 580
Other liabilities 14,152 5,615
Total liabilities 44,890 31,685
Commitments and contingencies
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,903 6,691
Retained earnings 37,375 47,950
Treasury stock, at cost: (32,889) (33,255)
Accumulated other comprehensive income (loss) (6,726) (6,673)
Total 3M Company shareholders’ equity 4,672 14,722
Noncontrolling interest 59 48
Total equity 4,731 14,770
Total liabilities and equity $ 49,621 $ 46,455