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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,121 $ 2,353
Marketable securities - current 440 98
Accounts receivable - net of allowances of $228 and $161 4,623 4,791
Inventories    
Finished goods 1,859 2,003
Work in process 1,224 1,194
Raw materials and supplies 901 937
Total inventories 3,984 4,134
Prepaids 516 704
Other current assets 426 891
Total current assets 14,110 12,971
Property, plant and equipment 26,452 26,124
Less: Accumulated depreciation (17,236) (16,791)
Property, plant and equipment - net 9,216 9,333
Operating lease right of use assets 844 858
Goodwill 13,535 13,444
Intangible assets - net 5,926 6,379
Other assets 1,759 1,674
Total assets 45,390 44,659
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,169 2,795
Accounts payable 2,208 2,228
Accrued payroll 721 702
Accrued income taxes 220 194
Operating lease liabilities - current 252 247
Other current liabilities 2,840 3,056
Total current liabilities 7,410 9,222
Long-term debt 18,429 17,518
Pension and postretirement benefits 3,679 3,911
Operating lease liabilities 605 607
Other liabilities 3,324 3,275
Total liabilities 33,447 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 - September 30, 2020: 576,821,878; Shares outstanding - December 31, 2019: 575,184,835 9 9
Additional paid-in capital 6,116 5,907
Retained earnings 43,285 42,135
Treasury stock at cost: Shares at September 30, 2020: 367,211,178; Shares at December 31, 2019: 368,848,221 (29,570) (29,849)
Accumulated other comprehensive income (loss) (7,960) (8,139)
Total 3M Company shareholders' equity 11,880 10,063
Noncontrolling interest 63 63
Total equity 11,943 10,126
Total liabilities and equity $ 45,390 $ 44,659