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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,911 $ 5,933
Marketable securities — current 60 53
Accounts receivable — net of allowances of $133 and $141 4,750 4,750
Inventories    
Finished goods 2,372 2,293
Work in process 1,388 1,424
Raw materials and supplies 1,137 1,105
Total inventories 4,897 4,822
Prepaids 655 485
Other current assets 340 336
Total current assets 21,613 16,379
Property, plant and equipment 26,675 26,870
Less: Accumulated depreciation (17,603) (17,711)
Property, plant and equipment — net 9,072 9,159
Operating lease right of use assets 744 759
Goodwill 12,809 12,927
Intangible assets — net 4,105 4,226
Other assets 6,900 7,130
Total assets 55,243 50,580
Current liabilities    
Short-term borrowings and current portion of long-term debt 820 2,947
Accounts payable 3,372 3,245
Accrued payroll 607 904
Accrued income taxes 383 365
Operating lease liabilities — current 227 225
Other current liabilities 7,747 7,611
Total current liabilities 13,156 15,297
Long-term debt 20,593 13,088
Pension and postretirement benefits 2,320 2,471
Long-term obligations 517 534
Other liabilities 13,724 14,322
Total liabilities 50,310 45,712
Commitments and contingencies
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,973 6,956
Retained earnings 37,472 37,479
Treasury stock, at cost: (32,762) (32,859)
Accumulated other comprehensive income (loss) (6,826) (6,778)
Total 3M Company shareholders’ equity 4,866 4,807
Noncontrolling interest 67 61
Total equity 4,933 4,868
Total liabilities and equity $ 55,243 $ 50,580