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v3.19.1

Revenue | 3 Months Ended
--- | ---
Mar. 31, 2019
Revenue |
Revenue | NOTE 2. Revenue Contract Balances: Deferred revenue (current portion) as of March 31, 2019 and December 31, 2018 was $619 million and $617 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 $370 million of the December 31, 2018 balance was recognized as revenue during the three months ended March 31, 2019, while approximately $280 million of the December 31, 2017 balance was recognized as revenue during the three months ended March 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:
|  | Three months ended |
|  | March 31, |
Net Sales (Millions) |  | 2019 |  | 2018 |
Abrasives |  | $ | 433 |  | $ | 473 |
Adhesives and Tapes |  |  | 807 |  |  | 842 |
Advanced Materials |  |  | 312 |  |  | 304 |
Automotive and Aerospace |  |  | 500 |  |  | 556 |
Automotive Aftermarket |  |  | 390 |  |  | 419 |
Closure and Masking Systems |  |  | 278 |  |  | 307 |
Separation and Purification |  |  | 214 |  |  | 235 |
Other Industrial |  |  | (5) |  |  | (1) |
Total Industrial Business Group |  | $ | 2,929 |  | $ | 3,135 |
Commercial Solutions |  | $ | 458 |  | $ | 485 |
Personal Safety |  |  | 939 |  |  | 957 |
Roofing Granules |  |  | 92 |  |  | 101 |
Transportation Safety |  |  | 217 |  |  | 237 |
Other Safety and Graphics |  |  | (2) |  |  | (1) |
Total Safety and Graphics Business Group |  | $ | 1,704 |  | $ | 1,779 |
Drug Delivery |  | $ | 92 |  | $ | 119 |
Food Safety |  |  | 83 |  |  | 81 |
Health Information Systems |  |  | 260 |  |  | 205 |
Medical Solutions |  |  | 764 |  |  | 777 |
Oral Care |  |  | 341 |  |  | 354 |
Other Health Care |  |  | — |  |  | (1) |
Total Health Care Business Group |  | $ | 1,540 |  | $ | 1,535 |
Electronics |  | $ | 863 |  | $ | 930 |
Energy |  |  | 330 |  |  | 420 |
Other Electronics and Energy |  |  | (3) |  |  | — |
Total Electronics and Energy Business Group |  | $ | 1,190 |  | $ | 1,350 |
Consumer Health Care |  | $ | 98 |  | $ | 102 |
Home Care |  |  | 258 |  |  | 269 |
Home Improvement |  |  | 462 |  |  | 458 |
Stationery and Office |  |  | 294 |  |  | 303 |
Other Consumer |  |  | 11 |  |  | 13 |
Total Consumer Business Group |  | $ | 1,123 |  | $ | 1,145 |
Corporate and Unallocated |  | $ | 21 |  | $ | — |
Elimination of Dual Credit |  |  | (644) |  |  | (666) |
Total Company |  | $ | 7,863 |  | $ | 8,278 |
| Three months ended March 31, 2019 |
Net Sales (Millions) |  | United States |  | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide |
Industrial |  | $ | 1,082 |  | $ | 823 |  | $ | 727 |  | $ | 297 |  | $ | — |  | $ | 2,929 |
Safety and Graphics |  |  | 635 |  |  | 469 |  |  | 408 |  |  | 191 |  |  | 1 |  |  | 1,704 |
Health Care |  |  | 725 |  |  | 305 |  |  | 378 |  |  | 132 |  |  | — |  |  | 1,540 |
Electronics and Energy |  |  | 203 |  |  | 840 |  |  | 94 |  |  | 53 |  |  | — |  |  | 1,190 |
Consumer |  |  | 631 |  |  | 266 |  |  | 130 |  |  | 96 |  |  | — |  |  | 1,123 |
Corporate and Unallocated |  |  | 19 |  |  | 2 |  |  | — |  |  | 3 |  |  | (3) |  |  | 21 |
Elimination of Dual Credit |  |  | (249) |  |  | (227) |  |  | (113) |  |  | (55) |  |  | — |  |  | (644) |
Total Company |  | $ | 3,046 |  | $ | 2,478 |  | $ | 1,624 |  | $ | 717 |  | $ | (2) |  | $ | 7,863 |
| Three months ended March 31, 2018 |
Net Sales (Millions) |  | United States |  | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide |
Industrial |  | $ | 1,100 |  | $ | 937 |  | $ | 787 |  | $ | 312 |  | $ | (1) |  | $ | 3,135 |
Safety and Graphics |  |  | 652 |  |  | 493 |  |  | 436 |  |  | 198 |  |  | — |  |  | 1,779 |
Health Care |  |  | 702 |  |  | 298 |  |  | 394 |  |  | 141 |  |  | — |  |  | 1,535 |
Electronics and Energy |  |  | 229 |  |  | 910 |  |  | 145 |  |  | 67 |  |  | (1) |  |  | 1,350 |
Consumer |  |  | 610 |  |  | 286 |  |  | 143 |  |  | 106 |  |  | — |  |  | 1,145 |
Corporate and Unallocated |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |
Elimination of Dual Credit |  |  | (248) |  |  | (248) |  |  | (113) |  |  | (57) |  |  | — |  |  | (666) |
Total Company |  | $ | 3,044 |  | $ | 2,676 |  | $ | 1,792 |  | $ | 767 |  | $ | (1) |  | $ | 8,278 |

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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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