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Revenue | 12 Months Ended
--- | ---
Dec. 31, 2018
Revenue |
Revenue | Note 2. Revenue The Company adopted ASU No. 2014-09 and related standards (collectively, ASC 606, Revenue from Contracts with Customers), on January 1, 2018 using the modified retrospective method of adoption. Prior periods have not been restated. Due to the cumulative net impact of adopting ASC 606, the January 1, 2018 balance of retained earnings was increased by less than $2 million, primarily relating to the accelerated recognition for software installation service and training revenue. This cumulative impact reflects retrospective application of ASC 606 only to contracts that were not completed as of January 1, 2018. Further, the Company applied the practical expedient permitting the effect of all contract modifications that occurred before January 1, 2018 to be aggregated in the transition accounting. The impact of applying ASC 606 as compared with previous guidance applied to revenues and costs was not material for the year ended December 31, 2018. Contract Balances: Deferred revenue (current portion) as of December 31, 2018 and December 31, 2017 was $617 million and $513 million, respectively, and primarily relates to revenue that is recognized over time for one-year software license contracts, the changes in balance of which are related to the satisfaction or partial satisfaction of these contracts. The balance also contains a deferral for goods that are in-transit at period end for which control transfers to the customer upon delivery. Approximately $500 million of the December 31, 2017 balance was recognized as revenue during the year ended December 31, 2018. The amount of noncurrent deferred revenue is not significant. Disaggregated revenue information: The Company views the following disaggregated disclosures as useful to understanding the composition of revenue recognized during the respective reporting periods:
|  | Year ended |
|  | December 31, |
Net Sales (Millions) |  | 2018 |  | 2017 |  | 2016 |
Abrasives |  | $ | 1,804 |  | $ | 1,746 |  | $ | 1,626 |
Adhesives and Tapes |  |  | 4,607 |  |  | 4,468 |  |  | 4,239 |
Advanced Materials |  |  | 1,239 |  |  | 1,124 |  |  | 1,039 |
Automotive and Aerospace |  |  | 2,063 |  |  | 1,994 |  |  | 1,871 |
Automotive Aftermarket |  |  | 1,642 |  |  | 1,645 |  |  | 1,590 |
Separation and Purification |  |  | 913 |  |  | 886 |  |  | 859 |
Other Industrial |  |  | (1) |  |  | 3 |  |  | (7) |
Total Industrial Business Group |  | $ | 12,267 |  | $ | 11,866 |  | $ | 11,217 |
Commercial Solutions |  | $ | 1,842 |  | $ | 1,759 |  | $ | 1,751 |
Personal Safety |  |  | 3,681 |  |  | 3,012 |  |  | 2,597 |
Roofing Granules |  |  | 353 |  |  | 372 |  |  | 344 |
Transportation Safety |  |  | 950 |  |  | 1,091 |  |  | 1,259 |
Other Safety and Graphics |  |  | 1 |  |  | 1 |  |  | (3) |
Total Safety and Graphics Business Group |  | $ | 6,827 |  | $ | 6,235 |  | $ | 5,948 |
Drug Delivery |  | $ | 444 |  | $ | 486 |  | $ | 451 |
Food Safety |  |  | 332 |  |  | 306 |  |  | 280 |
Health Information Systems |  |  | 837 |  |  | 791 |  |  | 780 |
Medical Solutions |  |  | 3,049 |  |  | 2,947 |  |  | 2,824 |
Oral Care |  |  | 1,353 |  |  | 1,322 |  |  | 1,274 |
Other Health Care |  |  | 6 |  |  | 1 |  |  | (3) |
Total Health Care Business Group |  | $ | 6,021 |  | $ | 5,853 |  | $ | 5,606 |
Electronics |  | $ | 3,974 |  | $ | 3,850 |  | $ | 3,304 |
Energy |  |  | 1,487 |  |  | 1,645 |  |  | 1,616 |
Other Electronics and Energy |  |  | 11 |  |  | 6 |  |  | 6 |
Total Electronics and Energy Business Group |  | $ | 5,472 |  | $ | 5,501 |  | $ | 4,926 |
Consumer Health Care |  | $ | 389 |  | $ | 421 |  | $ | 382 |
Home Care |  |  | 1,012 |  |  | 1,028 |  |  | 1,000 |
Home Improvement |  |  | 1,961 |  |  | 1,858 |  |  | 1,723 |
Stationery and Office |  |  | 1,383 |  |  | 1,377 |  |  | 1,435 |
Other Consumer |  |  | 51 |  |  | 47 |  |  | 38 |
Total Consumer Business Group |  | $ | 4,796 |  | $ | 4,731 |  | $ | 4,578 |
Corporate and Unallocated |  | $ | 50 |  | $ | 3 |  | $ | 6 |
Elimination of Dual Credit |  |  | (2,668) |  |  | (2,532) |  |  | (2,172) |
Total Company |  | $ | 32,765 |  | $ | 31,657 |  | $ | 30,109 |
| Year ended December 31, 2018 |
Net Sales (Millions) |  | United States |  | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide |
Industrial |  | $ | 4,538 |  | $ | 3,554 |  | $ | 2,939 |  | $ | 1,238 |  | $ | (2) |  | $ | 12,267 |
Safety and Graphics |  |  | 2,699 |  |  | 1,688 |  |  | 1,658 |  |  | 784 |  |  | (2) |  |  | 6,827 |
Health Care |  |  | 2,830 |  |  | 1,148 |  |  | 1,488 |  |  | 556 |  |  | (1) |  |  | 6,021 |
Electronics and Energy |  |  | 900 |  |  | 3,866 |  |  | 462 |  |  | 245 |  |  | (1) |  |  | 5,472 |
Consumer |  |  | 2,868 |  |  | 961 |  |  | 535 |  |  | 432 |  |  | — |  |  | 4,796 |
Corporate and Unallocated |  |  | 47 |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 50 |
Elimination of Dual Credit |  |  | (1,042) |  |  | (963) |  |  | (428) |  |  | (234) |  |  | (1) |  |  | (2,668) |
Total Company |  | $ | 12,840 |  | $ | 10,254 |  | $ | 6,654 |  | $ | 3,024 |  | $ | (7) |  | $ | 32,765 |
| Year ended December 31, 2017 |
Net Sales (Millions) |  | United States |  | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide |
Industrial |  | $ | 4,382 |  | $ | 3,405 |  | $ | 2,822 |  | $ | 1,261 |  | $ | (4) |  | $ | 11,866 |
Safety and Graphics |  |  | 2,427 |  |  | 1,578 |  |  | 1,468 |  |  | 765 |  |  | (3) |  |  | 6,235 |
Health Care |  |  | 2,835 |  |  | 1,041 |  |  | 1,433 |  |  | 546 |  |  | (2) |  |  | 5,853 |
Electronics and Energy |  |  | 929 |  |  | 3,731 |  |  | 571 |  |  | 273 |  |  | (3) |  |  | 5,501 |
Consumer |  |  | 2,767 |  |  | 983 |  |  | 547 |  |  | 436 |  |  | (2) |  |  | 4,731 |
Corporate and Unallocated |  |  | 6 |  |  | — |  |  | 1 |  |  | (5) |  |  | 1 |  |  | 3 |
Elimination of Dual Credit |  |  | (974) |  |  | (929) |  |  | (386) |  |  | (243) |  |  | — |  |  | (2,532) |
Total Company |  | $ | 12,372 |  | $ | 9,809 |  | $ | 6,456 |  | $ | 3,033 |  | $ | (13) |  | $ | 31,657 |
| Year ended December 31, 2016 |
Net Sales (Millions) |  | United States |  | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide |
Industrial |  | $ | 4,251 |  | $ | 3,133 |  | $ | 2,649 |  | $ | 1,181 |  | $ | 3 |  | $ | 11,217 |
Safety and Graphics |  |  | 2,397 |  |  | 1,434 |  |  | 1,355 |  |  | 760 |  |  | 2 |  |  | 5,948 |
Health Care |  |  | 2,733 |  |  | 959 |  |  | 1,412 |  |  | 500 |  |  | 2 |  |  | 5,606 |
Electronics and Energy |  |  | 918 |  |  | 3,183 |  |  | 559 |  |  | 264 |  |  | 2 |  |  | 4,926 |
Consumer |  |  | 2,761 |  |  | 874 |  |  | 535 |  |  | 407 |  |  | 1 |  |  | 4,578 |
Corporate and Unallocated |  |  | 6 |  |  | — |  |  | 1 |  |  | (1) |  |  | — |  |  | 6 |
Elimination of Dual Credit |  |  | (878) |  |  | (736) |  |  | (348) |  |  | (210) |  |  | — |  |  | (2,172) |
Total Company |  | $ | 12,188 |  | $ | 8,847 |  | $ | 6,163 |  | $ | 2,901 |  | $ | 10 |  | $ | 30,109 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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