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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,253 $ 2,353
Marketable securities - current 224 98
Accounts receivable - net of allowances of $172 and $161 4,821 4,791
Inventories    
Finished goods 2,021 2,003
Work in process 1,214 1,194
Raw materials and supplies 982 937
Total inventories 4,217 4,134
Prepaids 604 704
Other current assets 971 891
Total current assets 15,090 12,971
Property, plant and equipment 26,000 26,124
Less: Accumulated depreciation (16,835) (16,791)
Property, plant and equipment - net 9,165 9,333
Operating lease right of use assets 849 858
Goodwill 13,312 13,444
Intangible assets - net 6,191 6,379
Other assets 1,605 1,674
Total assets 46,212 44,659
Current liabilities    
Short-term borrowings and current portion of long-term debt 3,248 2,795
Accounts payable 2,207 2,228
Accrued payroll 523 702
Accrued income taxes 136 194
Operating lease liabilities - current 244 247
Other current liabilities 2,776 3,056
Total current liabilities 9,134 9,222
Long-term debt 19,247 17,518
Pension and postretirement benefits 3,794 3,911
Operating lease liabilities 603 607
Other liabilities 3,225 3,275
Total liabilities 36,003 34,533
Commitments and contingencies (Note 14)
3M Company shareholders' equity:    
Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - March 31, 2020: 575,196,371; Shares outstanding - December 31, 2019: 575,184,835 9 9
Additional paid-in capital 6,024 5,907
Retained earnings 42,345 42,135
Treasury stock at cost: Shares at March 31, 2020: 368,836,685; Shares at December 31, 2019: 368,848,221 (29,817) (29,849)
Accumulated other comprehensive income (loss) (8,414) (8,139)
Total 3M Company shareholders' equity 10,147 10,063
Noncontrolling interest 62 63
Total equity 10,209 10,126
Total liabilities and equity $ 46,212 $ 44,659