XML 20 R8.htm IDEA: XBRL DOCUMENT
v3.19.2

Revenue | 6 Months Ended
--- | ---
Jun. 30, 2019
Revenue |
Revenue | NOTE 2. Revenue ​ Contract Balances: Deferred revenue (current portion) as of June 30, 2019 and December 31, 2018 was $603 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 $110 million and $480 million of the December 31, 2018 balance was recognized as revenue during the three and six months ended June 30, 2019, respectively, while approximately $110 million and $390 million of the December 31, 2017 balance was recognized as revenue during the three and six months ended June 30, 2018, respectively. 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 | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
Net Sales (Millions) | ​ | 2019 |  | 2018 |  | 2019 |  | 2018 | ​
Abrasives | ​ | $ | 365 | ​ | $ | 400 | ​ | $ | 734 | ​ | $ | 809 | ​
Adhesives and Tapes | ​ | ​ | 685 | ​ | ​ | 726 | ​ | ​ | 1,379 | ​ | ​ | 1,457 | ​
Automotive Aftermarket | ​ | ​ | 309 | ​ | ​ | 355 | ​ | ​ | 619 | ​ | ​ | 704 | ​
Closure and Masking Systems | ​ | ​ | 275 | ​ | ​ | 313 | ​ | ​ | 553 | ​ | ​ | 620 | ​
Communication Markets | ​ | ​ | — | ​ | ​ | 67 | ​ | ​ | — | ​ | ​ | 161 | ​
Electrical Markets | ​ | ​ | 302 | ​ | ​ | 325 | ​ | ​ | 613 | ​ | ​ | 634 | ​
Personal Safety | ​ | ​ | 917 | ​ | ​ | 936 | ​ | ​ | 1,843 | ​ | ​ | 1,881 | ​
Roofing Granules | ​ | ​ | 100 | ​ | ​ | 99 | ​ | ​ | 192 | ​ | ​ | 200 | ​
Other Safety and Industrial | ​ | ​ | 8 | ​ | ​ | 32 | ​ | ​ | 14 | ​ | ​ | 55 | ​
Total Safety and Industrial Business Segment | ​ | $ | 2,961 | ​ | $ | 3,253 | ​ | $ | 5,947 | ​ | $ | 6,521 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Advanced Materials | ​ | $ | 331 | ​ | $ | 316 | ​ | $ | 642 | ​ | $ | 619 | ​
Automotive and Aerospace | ​ | ​ | 487 | ​ | ​ | 530 | ​ | ​ | 1,001 | ​ | ​ | 1,101 | ​
Commercial Solutions | ​ | ​ | 469 | ​ | ​ | 498 | ​ | ​ | 924 | ​ | ​ | 979 | ​
Electronics | ​ | ​ | 897 | ​ | ​ | 923 | ​ | ​ | 1,758 | ​ | ​ | 1,850 | ​
Transportation Safety | ​ | ​ | 266 | ​ | ​ | 260 | ​ | ​ | 484 | ​ | ​ | 498 | ​
Other Transportation and Electronics | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1) | ​
Total Transportation and Electronics Business Segment | ​ | $ | 2,452 | ​ | $ | 2,527 | ​ | $ | 4,809 | ​ | $ | 5,046 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Drug Delivery | ​ | $ | 110 | ​ | $ | 119 | ​ | $ | 202 | ​ | $ | 238 | ​
Food Safety | ​ | ​ | 85 | ​ | ​ | 83 | ​ | ​ | 168 | ​ | ​ | 164 | ​
Health Information Systems | ​ | ​ | 297 | ​ | ​ | 205 | ​ | ​ | 557 | ​ | ​ | 410 | ​
Medical Solutions | ​ | ​ | 793 | ​ | ​ | 768 | ​ | ​ | 1,557 | ​ | ​ | 1,541 | ​
Oral Care | ​ | ​ | 338 | ​ | ​ | 342 | ​ | ​ | 679 | ​ | ​ | 696 | ​
Separation and Purification Sciences | ​ | ​ | 208 | ​ | ​ | 214 | ​ | ​ | 411 | ​ | ​ | 428 | ​
Other Health Care | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (5) | ​ | ​ | (2) | ​
Total Health Care Business Group | ​ | $ | 1,831 | ​ | $ | 1,730 | ​ | $ | 3,569 | ​ | $ | 3,475 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer Health Care | ​ | $ | 102 | ​ | $ | 101 | ​ | $ | 200 | ​ | $ | 203 | ​
Home Care | ​ | ​ | 248 | ​ | ​ | 255 | ​ | ​ | 505 | ​ | ​ | 524 | ​
Home Improvement | ​ | ​ | 592 | ​ | ​ | 593 | ​ | ​ | 1,127 | ​ | ​ | 1,115 | ​
Stationery and Office | ​ | ​ | 351 | ​ | ​ | 352 | ​ | ​ | 645 | ​ | ​ | 655 | ​
Other Consumer | ​ | ​ | 10 | ​ | ​ | 8 | ​ | ​ | 20 | ​ | ​ | 20 | ​
Total Consumer Business Group | ​ | $ | 1,303 | ​ | $ | 1,309 | ​ | $ | 2,497 | ​ | $ | 2,517 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate and Unallocated | ​ | $ | 48 | ​ | $ | 12 | ​ | $ | 70 | ​ | $ | 12 | ​
Elimination of Dual Credit | ​ | ​ | (424) | ​ | ​ | (441) | ​ | ​ | (858) | ​ | ​ | (903) | ​
Total Company | ​ | $ | 8,171 | ​ | $ | 8,390 | ​ | $ | 16,034 | ​ | $ | 16,668 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, 2019 | ​
Net Sales (Millions) |  | United States | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 1,195 | ​ | $ | 709 | ​ | $ | 689 | ​ | $ | 369 | ​ | $ | (1) | ​ | $ | 2,961 | ​
Transportation and Electronics | ​ |  | 641 | ​ |  | 1,269 | ​ |  | 389 | ​ |  | 154 | ​ |  | (1) | ​ |  | 2,452 | ​
Health Care | ​ | ​ | 869 | ​ | ​ | 383 | ​ | ​ | 427 | ​ | ​ | 152 | ​ | ​ | — | ​ | ​ | 1,831 | ​
Consumer | ​ |  | 812 | ​ |  | 242 | ​ |  | 140 | ​ |  | 109 | ​ |  | — | ​ |  | 1,303 | ​
Corporate and Unallocated | ​ |  | 47 | ​ |  | (2) | ​ |  | (1) | ​ |  | 3 | ​ |  | 1 | ​ |  | 48 | ​
Elimination of Dual Credit | ​ |  | (160) | ​ |  | (186) | ​ |  | (51) | ​ |  | (28) | ​ |  | 1 | ​ |  | (424) | ​
Total Company | ​ | $ | 3,404 | ​ | $ | 2,415 | ​ | $ | 1,593 | ​ | $ | 759 | ​ | $ | — | ​ | $ | 8,171 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Six months ended June 30, 2019 | ​
Net Sales (Millions) |  | United States | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 2,345 | ​ | $ | 1,477 | ​ | $ | 1,409 | ​ | $ | 717 | ​ | $ | (1) | ​ | $ | 5,947 | ​
Transportation and Electronics | ​ |  | 1,202 | ​ |  | 2,527 | ​ |  | 775 | ​ |  | 306 | ​ |  | (1) | ​ |  | 4,809 | ​
Health Care | ​ | ​ | 1,650 | ​ | ​ | 761 | ​ | ​ | 865 | ​ | ​ | 293 | ​ | ​ | — | ​ | ​ | 3,569 | ​
Consumer | ​ |  | 1,499 | ​ |  | 512 | ​ |  | 277 | ​ |  | 209 | ​ |  | — | ​ |  | 2,497 | ​
Corporate and Unallocated | ​ |  | 66 | ​ |  | — | ​ |  | — | ​ |  | 5 | ​ |  | (1) | ​ |  | 70 | ​
Elimination of Dual Credit | ​ |  | (312) | ​ |  | (384) | ​ |  | (109) | ​ |  | (54) | ​ |  | 1 | ​ |  | (858) | ​
Total Company | ​ | $ | 6,450 | ​ | $ | 4,893 | ​ | $ | 3,217 | ​ | $ | 1,476 | ​ | $ | (2) | ​ | $ | 16,034 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, 2018 | ​
Net Sales (Millions) |  | United States | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 1,302 | ​ | $ | 770 | ​ | $ | 798 | ​ | $ | 384 | ​ | $ | (1) | ​ | $ | 3,253 | ​
Transportation and Electronics | ​ |  | 642 | ​ |  | 1,303 | ​ |  | 424 | ​ |  | 158 | ​ |  | — | ​ |  | 2,527 | ​
Health Care | ​ | ​ | 760 | ​ | ​ | 372 | ​ | ​ | 445 | ​ | ​ | 154 | ​ | ​ | (1) | ​ | ​ | 1,730 | ​
Consumer | ​ |  | 797 | ​ |  | 251 | ​ |  | 152 | ​ |  | 110 | ​ |  | (1) | ​ |  | 1,309 | ​
Corporate and Unallocated | ​ |  | 7 | ​ |  | (1) | ​ |  | — | ​ |  | 3 | ​ |  | 3 | ​ |  | 12 | ​
Elimination of Dual Credit | ​ |  | (160) | ​ |  | (191) | ​ |  | (61) | ​ |  | (28) | ​ |  | (1) | ​ |  | (441) | ​
Total Company | ​ | $ | 3,348 | ​ | $ | 2,504 | ​ | $ | 1,758 | ​ | $ | 781 | ​ | $ | (1) | ​ | $ | 8,390 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Six months ended June 30, 2018 | ​
Net Sales (Millions) |  | United States | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Latin America and Canada |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 2,518 | ​ | $ | 1,609 | ​ | $ | 1,631 | ​ | $ | 765 | ​ | $ | (2) | ​ | $ | 6,521 | ​
Transportation and Electronics | ​ |  | 1,211 | ​ |  | 2,687 | ​ |  | 840 | ​ |  | 309 | ​ |  | (1) | ​ |  | 5,046 | ​
Health Care | ​ | ​ | 1,508 | ​ | ​ | 757 | ​ | ​ | 904 | ​ | ​ | 307 | ​ | ​ | (1) | ​ | ​ | 3,475 | ​
Consumer | ​ |  | 1,455 | ​ |  | 541 | ​ |  | 301 | ​ |  | 220 | ​ |  | — | ​ |  | 2,517 | ​
Corporate and Unallocated | ​ |  | 7 | ​ |  | — | ​ |  | — | ​ |  | 3 | ​ |  | 2 | ​ |  | 12 | ​
Elimination of Dual Credit | ​ |  | (307) | ​ |  | (414) | ​ |  | (126) | ​ |  | (56) | ​ |  | — | ​ |  | (903) | ​
Total Company | ​ | $ | 6,392 | ​ | $ | 5,180 | ​ | $ | 3,550 | ​ | $ | 1,548 | ​ | $ | (2) | ​ | $ | 16,668 | ​
​ ​

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration