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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,219 $ 2,353
Marketable securities - current 247 98
Accounts receivable - net of allowances of $216 and $161 4,459 4,791
Inventories    
Finished goods 1,932 2,003
Work in process 1,246 1,194
Raw materials and supplies 990 937
Total inventories 4,168 4,134
Prepaids 567 704
Other current assets 446 891
Total current assets 14,106 12,971
Property, plant and equipment 25,943 26,124
Less: Accumulated depreciation (16,854) (16,791)
Property, plant and equipment - net 9,089 9,333
Operating lease right of use assets 840 858
Goodwill 13,360 13,444
Intangible assets - net 6,033 6,379
Other assets 1,651 1,674
Total assets 45,079 44,659
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,486 2,795
Accounts payable 1,975 2,228
Accrued payroll 500 702
Accrued income taxes 371 194
Operating lease liabilities - current 248 247
Other current liabilities 2,702 3,056
Total current liabilities 7,282 9,222
Long-term debt 19,276 17,518
Pension and postretirement benefits 3,724 3,911
Operating lease liabilities 607 607
Other liabilities 3,275 3,275
Total liabilities 34,164 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 - June 30, 2020: 576,019,442; Shares outstanding - December 31, 2019: 575,184,835 9 9
Additional paid-in capital 6,074 5,907
Retained earnings 42,759 42,135
Treasury stock at cost: Shares at June 30, 2020: 368,013,614; Shares at December 31, 2019: 368,848,221 (29,699) (29,849)
Accumulated other comprehensive income (loss) (8,286) (8,139)
Total 3M Company shareholders' equity 10,857 10,063
Noncontrolling interest 58 63
Total equity 10,915 10,126
Total liabilities and equity $ 45,079 $ 44,659