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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,695 $ 4,634
Marketable securities - current 805 404
Accounts receivable - net of allowances of $231 and $233 4,991 4,705
Inventories    
Finished goods 2,356 2,081
Work in process 1,342 1,226
Raw materials and supplies 1,144 932
Total inventories 4,842 4,239
Prepaids 633 675
Other current assets 377 325
Total current assets 16,343 14,982
Property, plant and equipment 27,132 26,650
Less: Accumulated depreciation (17,774) (17,229)
Property, plant and equipment - net 9,358 9,421
Operating lease right of use assets 872 864
Goodwill 13,722 13,802
Intangible assets - net 5,572 5,835
Other assets 2,440 2,440
Total assets 48,307 47,344
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,981 806
Accounts payable 2,931 2,561
Accrued payroll 832 747
Accrued income taxes 247 300
Operating lease liabilities - current 268 256
Other current liabilities 3,181 3,278
Total current liabilities 9,440 7,948
Long-term debt 16,267 17,989
Pension and postretirement benefits 4,184 4,405
Operating lease liabilities 603 609
Other liabilities 3,297 3,462
Total liabilities 33,791 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 6,337 6,162
Retained earnings 44,824 43,821
Treasury stock, at cost: Shares at March 31, 2021: 364,358,054; Shares at December 31, 2020: 366,283,418 (29,236) (29,404)
Accumulated other comprehensive income (loss) (7,486) (7,721)
Total 3M Company shareholders' equity 14,448 12,867
Noncontrolling interest 68 64
Total equity 14,516 12,931
Total liabilities and equity $ 48,307 $ 47,344