Revenue

9 Months Ended

Sep. 30, 2020

Revenue

Revenue

NOTE 2. Revenue

Contract Balances:

Deferred revenue primarily relates to revenue that is recognized over time for one-year software license contracts. Deferred revenue (current portion) as of September 30, 2020 and December 31, 2019 was $390 million and $430 million, respectively. Approximately $100 million and $370 million of the December 31, 2019 balance was recognized as revenue during the three and nine months ended September 30, 2020, respectively, while approximately $80 million and $560 million of the December 31, 2018 balance was recognized as revenue during the three and nine months ended September 30, 2019, respectively.

Operating Lease Revenue:

Net sales includes rental revenue from durable medical devices as part of operating lease arrangements, which was $153 million and $428 million during the three and nine months ended September 30, 2020. Applicable rental revenue for the three and nine months ended September 30, 2019 was not material.

Disaggregated revenue information:

The Company views the following disaggregated disclosures as useful to understanding the composition of revenue recognized during the respective reporting periods:

	Three months ended				Nine months ended
	September 30,				September 30,
Net Sales (Millions)	2020		2019		2020		2019
Abrasives	$	290	$	338	$	863	$	1,059
Automotive Aftermarket		309		307		796		917
Closure and Masking Systems		242		282		745		835
Electrical Markets		285		299		829		912
Industrial Adhesives and Tapes		647		684		1,873		2,041
Personal Safety		1,136		812		3,221		2,653
Roofing Granules		114		101		295		293
Other Safety and Industrial		1		6		5		19
Total Safety and Industrial Business Segment	$	3,024	$	2,829	$	8,627	$	8,729
Advanced Materials	$	246	$	319	$	770	$	961
Automotive and Aerospace		410		477		1,125		1,463
Commercial Solutions		390		443		1,147		1,382
Electronics		1,024		1,001		2,771		2,760
Transportation Safety		245		260		678		741
Other Transportation and Electronics		(1)		—		(2)		(2)
Total Transportation and Electronics Business Segment	$	2,314	$	2,500	$	6,489	$	7,305
Drug Delivery	$	—	$	93	$	146	$	277
Food Safety		82		86		252		254
Health Information Systems		280		296		833		853
Medical Solutions		1,251		745		3,472		2,319
Oral Care		320		312		741		991
Separation and Purification Sciences		221		191		639		602
Other Health Care		6		(2)		5		(6)
Total Health Care Business Group	$	2,160	$	1,721	$	6,088	$	5,290
Consumer Health Care	$	96	$	97	$	278	$	295
Home Care		268		243		796		747
Home Improvement		686		612		1,863		1,729
Stationery and Office		323		362		859		1,008
Other Consumer		44		28		115		83
Total Consumer Business Group	$	1,417	$	1,342	$	3,911	$	3,862
Corporate and Unallocated	$	—	$	28	$	(1)	$	98
Elimination of Dual Credit		(565)		(429)		(1,513)		(1,259)
Total Company	$	8,350	$	7,991	$	23,601	$	24,025

	Three months ended September 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,623	$	706	$	695	$	—	$	3,024
Transportation and Electronics		640		1,357		317		—		2,314
Health Care		1,335		377		448		—		2,160
Consumer		1,032		231		154		—		1,417
Corporate and Unallocated		(1)		—		—		1		—
Elimination of Dual Credit		(282)		(197)		(86)		—		(565)
Total Company	$	4,347	$	2,474	$	1,528	$	1	$	8,350

	Nine months ended September 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	4,509	$	2,080	$	2,038	$	—	$	8,627
Transportation and Electronics		1,847		3,709		933		—		6,489
Health Care		3,690		1,091		1,307		—		6,088
Consumer		2,801		699		411		—		3,911
Corporate and Unallocated		(1)		—		—		—		(1)
Elimination of Dual Credit		(724)		(550)		(239)		—		(1,513)
Total Company	$	12,122	$	7,029	$	4,450	$	—	$	23,601

	Three months ended September 30, 2019
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,497	$	706	$	626	$	—	$	2,829
Transportation and Electronics		749		1,388		362		1		2,500
Health Care		973		360		388		—		1,721
Consumer		975		228		140		(1)		1,342
Corporate and Unallocated		27		1		1		(1)		28
Elimination of Dual Credit		(185)		(193)		(52)		1		(429)
Total Company	$	4,036	$	2,490	$	1,465	$	—	$	7,991

	Nine months ended September 30, 2019
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	4,532	$	2,165	$	2,033	$	(1)	$	8,729
Transportation and Electronics		2,256		3,912		1,137		—		7,305
Health Care		2,916		1,121		1,253		—		5,290
Consumer		2,723		718		422		(1)		3,862
Corporate and Unallocated		97		1		1		(1)		98
Elimination of Dual Credit		(562)		(534)		(164)		1		(1,259)
Total Company	$	11,962	$	7,383	$	4,682	$	(2)	$	24,025

Americas included United States net sales to customers of $3.7 billion and $3.3 billion for the three months ended September 30, 2020 and 2019, respectively, and $10.2 billion and $9.7 billion for the nine months ended September 30, 2020 and 2019, respectively.