Revenue

6 Months Ended

Jun. 30, 2019

Revenue

Revenue

NOTE 2. Revenue

Contract Balances:

Deferred revenue (current portion) as of June 30, 2019 and December 31, 2018 was $603 million and $617 million, respectively, and primarily relates to revenue that is recognized over time for one-year software license contracts, the changes in balance of which are related to the satisfaction or partial satisfaction of these contracts. The balance also contains a deferral for goods that are in-transit at period end for which control transfers to the customer upon delivery. Approximately $110 million and $480 million of the December 31, 2018 balance was recognized as revenue during the three and six months ended June 30, 2019, respectively, while approximately $110 million and $390 million of the December 31, 2017 balance was recognized as revenue during the three and six months ended June 30, 2018, respectively. The amount of noncurrent deferred revenue is not significant.

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				Six months ended
	June 30,				June 30,
Net Sales (Millions)	2019		2018		2019		2018
Abrasives	$	365	$	400	$	734	$	809
Adhesives and Tapes		685		726		1,379		1,457
Automotive Aftermarket		309		355		619		704
Closure and Masking Systems		275		313		553		620
Communication Markets		—		67		—		161
Electrical Markets		302		325		613		634
Personal Safety		917		936		1,843		1,881
Roofing Granules		100		99		192		200
Other Safety and Industrial		8		32		14		55
Total Safety and Industrial Business Segment	$	2,961	$	3,253	$	5,947	$	6,521
Advanced Materials	$	331	$	316	$	642	$	619
Automotive and Aerospace		487		530		1,001		1,101
Commercial Solutions		469		498		924		979
Electronics		897		923		1,758		1,850
Transportation Safety		266		260		484		498
Other Transportation and Electronics		2		—		—		(1)
Total Transportation and Electronics Business Segment	$	2,452	$	2,527	$	4,809	$	5,046
Drug Delivery	$	110	$	119	$	202	$	238
Food Safety		85		83		168		164
Health Information Systems		297		205		557		410
Medical Solutions		793		768		1,557		1,541
Oral Care		338		342		679		696
Separation and Purification Sciences		208		214		411		428
Other Health Care		—		(1)		(5)		(2)
Total Health Care Business Group	$	1,831	$	1,730	$	3,569	$	3,475
Consumer Health Care	$	102	$	101	$	200	$	203
Home Care		248		255		505		524
Home Improvement		592		593		1,127		1,115
Stationery and Office		351		352		645		655
Other Consumer		10		8		20		20
Total Consumer Business Group	$	1,303	$	1,309	$	2,497	$	2,517
Corporate and Unallocated	$	48	$	12	$	70	$	12
Elimination of Dual Credit		(424)		(441)		(858)		(903)
Total Company	$	8,171	$	8,390	$	16,034	$	16,668

	Three months ended June 30, 2019
Net Sales (Millions)		United States		Asia Pacific		Europe, Middle East and Africa		Latin America and Canada		Other Unallocated		Worldwide
Safety and Industrial		$	1,195	$	709	$	689	$	369	$	(1)	$	2,961
Transportation and Electronics			641		1,269		389		154		(1)		2,452
Health Care			869		383		427		152		—		1,831
Consumer			812		242		140		109		—		1,303
Corporate and Unallocated			47		(2)		(1)		3		1		48
Elimination of Dual Credit			(160)		(186)		(51)		(28)		1		(424)
Total Company		$	3,404	$	2,415	$	1,593	$	759	$	—	$	8,171

	Six months ended June 30, 2019
Net Sales (Millions)		United States		Asia Pacific		Europe, Middle East and Africa		Latin America and Canada		Other Unallocated		Worldwide
Safety and Industrial		$	2,345	$	1,477	$	1,409	$	717	$	(1)	$	5,947
Transportation and Electronics			1,202		2,527		775		306		(1)		4,809
Health Care			1,650		761		865		293		—		3,569
Consumer			1,499		512		277		209		—		2,497
Corporate and Unallocated			66		—		—		5		(1)		70
Elimination of Dual Credit			(312)		(384)		(109)		(54)		1		(858)
Total Company		$	6,450	$	4,893	$	3,217	$	1,476	$	(2)	$	16,034

	Three months ended June 30, 2018
Net Sales (Millions)		United States		Asia Pacific		Europe, Middle East and Africa		Latin America and Canada		Other Unallocated		Worldwide
Safety and Industrial		$	1,302	$	770	$	798	$	384	$	(1)	$	3,253
Transportation and Electronics			642		1,303		424		158		—		2,527
Health Care			760		372		445		154		(1)		1,730
Consumer			797		251		152		110		(1)		1,309
Corporate and Unallocated			7		(1)		—		3		3		12
Elimination of Dual Credit			(160)		(191)		(61)		(28)		(1)		(441)
Total Company		$	3,348	$	2,504	$	1,758	$	781	$	(1)	$	8,390

	Six months ended June 30, 2018
Net Sales (Millions)		United States		Asia Pacific		Europe, Middle East and Africa		Latin America and Canada		Other Unallocated		Worldwide
Safety and Industrial		$	2,518	$	1,609	$	1,631	$	765	$	(2)	$	6,521
Transportation and Electronics			1,211		2,687		840		309		(1)		5,046
Health Care			1,508		757		904		307		(1)		3,475
Consumer			1,455		541		301		220		—		2,517
Corporate and Unallocated			7		—		—		3		2		12
Elimination of Dual Credit			(307)		(414)		(126)		(56)		—		(903)
Total Company		$	6,392	$	5,180	$	3,550	$	1,548	$	(2)	$	16,668