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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,636 $ 4,634
Marketable securities - current 501 404
Accounts receivable - net of allowances of $231 and $233 4,817 4,705
Inventories    
Finished goods 2,215 2,081
Work in process 1,249 1,226
Raw materials and supplies 994 932
Total inventories 4,458 4,239
Prepaids 535 675
Other current assets 398 325
Total current assets 15,345 14,982
Property, plant and equipment 26,705 26,650
Less: Accumulated depreciation (17,465) (17,229)
Property, plant and equipment - net 9,240 9,421
Operating lease right of use assets 871 864
Goodwill 13,654 13,802
Intangible assets - net 5,697 5,835
Other assets 2,373 2,440
Total assets 47,180 47,344
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,368 806
Accounts payable 2,670 2,561
Accrued payroll 655 747
Accrued income taxes 277 300
Operating lease liabilities - current 267 256
Other current liabilities 3,126 3,278
Total current liabilities 8,363 7,948
Long-term debt 16,819 17,989
Pension and postretirement benefits 4,231 4,405
Operating lease liabilities 609 609
Other liabilities 3,330 3,462
Total liabilities 33,352 34,413
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, 2021: 579,675,002; Shares outstanding - December 31, 2020: 577,749,638 9 9
Additional paid-in capital 6,283 6,162
Retained earnings 44,255 43,821
Treasury stock, at cost: Shares at March 31, 2021: 364,358,054; Shares at December 31, 2020: 366,283,418 (29,020) (29,404)
Accumulated other comprehensive income (loss) (7,767) (7,721)
Total 3M Company shareholders' equity 13,760 12,867
Noncontrolling interest 68 64
Total equity 13,828 12,931
Total liabilities and equity $ 47,180 $ 47,344