Marketable Securities

9 Months Ended

Sep. 30, 2019

Marketable Securities.

Marketable Securities

NOTE 9. Marketable Securities

The Company invests in asset-backed securities, certificates of deposit/time deposits, commercial paper, and other securities. The following is a summary of amounts recorded on the Consolidated Balance Sheet for marketable securities (current and non-current).

(Millions)	September 30, 2019		December 31, 2018
Commercial paper	$	—	$	366
Certificates of deposit/time deposits		27		10
U.S. municipal securities		3		3
Asset-backed securities		—		1
Current marketable securities	$	30	$	380
U.S. municipal securities	$	46	$	37
Non-current marketable securities	$	46	$	37
Total marketable securities	$	76	$	417

At September 30, 2019 and December 31, 2018, gross unrealized, gross realized, and net realized gains and/or losses (pre-tax) were not material.

The balances at September 30, 2019 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)	September 30, 2019
Due in one year or less	$	30
Due after one year through five years		13
Due after five years through ten years		24
Due after ten years		9
Total marketable securities	$	76

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