Marketable Securities

3 Months Ended

Mar. 31, 2018

NOTE 9. Marketable Securities

The following is a summary of amounts recorded on the Consolidated Balance Sheet for marketable securities (current and non-current).


(Millions)	March 31, 2018		December 31, 2017
Corporate debt securities	$	20	$	14
Commercial paper		495		899
Certificates of deposit/time deposits		59		76
U.S. municipal securities		3		3
Asset-backed securities:
Automobile loan related		8		16
Credit card related		19		68
Asset-backed securities total		27		84
Current marketable securities	$	604	$	1,076

U.S. municipal securities	$	27	$	27
Non-current marketable securities	$	27	$	27

Total marketable securities	$	631	$	1,103

At March 31, 2018 and December 31, 2017, gross unrealized, gross realized, and net realized gains and/or losses (pre-tax) were not material.

The balances at March 31, 2018 for marketable securities by contractual maturity are shown below. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.


(Millions)	March 31, 2018
Due in one year or less	$	604
Due after one year through five years		13
Due after five years through ten years		14
Total marketable securities	$	631

3M does not currently expect risk related to its holding in asset-backed securities to materially impact its financial condition or liquidity.