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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 2,353 $ 2,853
Marketable securities - current 98 380
Accounts receivable - net of allowances of $161 and $95 4,791 5,020
Inventories    
Finished goods 2,003 2,120
Work in process 1,194 1,292
Raw materials and supplies 937 954
Total inventories 4,134 4,366
Prepaids 704 741
Other current assets 891 349
Total current assets 12,971 13,709
Property, plant and equipment 26,124 24,873
Less: Accumulated depreciation (16,791) (16,135)
Property, plant and equipment - net 9,333 8,738
Operating lease right of use assets 858  
Goodwill 13,444 10,051
Intangible assets - net 6,379 2,657
Other assets 1,674 1,345
Total assets 44,659 36,500
Current liabilities    
Short-term borrowings and current portion of long-term debt 2,795 1,211
Accounts payable 2,228 2,266
Accrued payroll 702 749
Accrued income taxes 194 243
Operating lease liabilities - current 247  
Other current liabilities 3,056 2,775
Total current liabilities 9,222 7,244
Long-term debt 17,518 13,411
Pension and postretirement benefits 3,911 2,987
Operating lease liabilities 607  
Other liabilities 3,275 3,010
Total liabilities 34,533 26,652
Commitments and contingencies (Note 16)
3M Company shareholders' equity:    
Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - 2019: 575,184,835; Shares outstanding - 2018: 576,575,168 9 9
Additional paid-in capital 5,907 5,643
Retained earnings 42,135 40,636
Treasury stock (29,849) (29,626)
Accumulated other comprehensive income (loss) (8,139) (6,866)
Total 3M Company shareholders' equity 10,063 9,796
Noncontrolling interest 63 52
Total equity 10,126 9,848
Total liabilities and equity $ 44,659 $ 36,500