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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,634 $ 2,353
Marketable securities - current 404 98
Accounts receivable - net of allowances of $233 and $161 4,705 4,791
Inventories    
Finished goods 2,081 2,003
Work in process 1,226 1,194
Raw materials and supplies 932 937
Total inventories 4,239 4,134
Prepaids 675 704
Other current assets 325 891
Total current assets 14,982 12,971
Property, plant and equipment 26,650 26,124
Less: Accumulated depreciation (17,229) (16,791)
Property, plant and equipment - net 9,421 9,333
Operating lease right of use assets 864 858
Goodwill 13,802 13,444
Intangible assets - net 5,835 6,379
Other assets 2,440 1,674
Total assets 47,344 44,659
Current liabilities    
Short-term borrowings and current portion of long-term debt 806 2,795
Accounts payable 2,561 2,228
Accrued payroll 747 702
Accrued income taxes 300 194
Operating lease liabilities - current 256 247
Other current liabilities 3,278 3,056
Total current liabilities 7,948 9,222
Long-term debt 17,989 17,518
Pension and postretirement benefits 4,405 3,911
Operating lease liabilities 609 607
Other liabilities 3,462 3,275
Total liabilities 34,413 34,533
Commitments and contingencies (Note 16)
3M Company shareholders' equity:    
Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - December 31, 2020: 577,749,638; Shares outstanding - December 31, 2019: 575,184,835 9 9
Additional paid-in capital 6,162 5,907
Retained earnings 43,761 42,135
Treasury stock, at cost: (29,404) (29,849)
Accumulated other comprehensive income (loss) (7,661) (8,139)
Total 3M Company shareholders' equity 12,867 10,063
Noncontrolling interest 64 63
Total equity 12,931 10,126
Total liabilities and equity $ 47,344 $ 44,659