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Revenue | 6 Months Ended
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Jun. 30, 2021
Revenue |
Revenue | NOTE 2. Revenue ​ Contract Balances: Deferred revenue primarily relates to revenue that is recognized over time for one-year software license contracts. Deferred revenue (current portion) as of June 30, 2021 and December 31, 2020 was $475 million and $498 million, respectively. Approximately $140 million and $320 million of the December 31, 2020 balance was recognized as revenue during the three and six months ended June 30, 2021, respectively, while approximately $110 million and $270 million of the December 31, 2019 balance was recognized as revenue during the three and six months ended June 30, 2020, respectively. ​ Operating Lease Revenue: Net sales includes rental revenue from durable medical devices as part of operating lease arrangements (reported within the Medical Solutions Division), which was $145 million and $133 million during the three months ended June 30, 2021 and 2020, respectively, and $285 million and $275 million during the six months ended June 30, 2021 and 2020. 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) | ​ | 2021 |  | 2020 |  | 2021 |  | 2020 | ​
Abrasives | ​ | $ | 353 | ​ | $ | 242 | ​ | $ | 705 | ​ | $ | 572 | ​
Automotive Aftermarket | ​ | ​ | 313 | ​ | ​ | 202 | ​ | ​ | 625 | ​ | ​ | 486 | ​
Closure and Masking Systems | ​ | ​ | 254 | ​ | ​ | 235 | ​ | ​ | 497 | ​ | ​ | 503 | ​
Electrical Markets | ​ | ​ | 319 | ​ | ​ | 251 | ​ | ​ | 626 | ​ | ​ | 539 | ​
Industrial Adhesives and Tapes | ​ | ​ | 761 | ​ | ​ | 545 | ​ | ​ | 1,529 | ​ | ​ | 1,216 | ​
Personal Safety | ​ | ​ | 1,133 | ​ | ​ | 1,095 | ​ | ​ | 2,370 | ​ | ​ | 2,084 | ​
Roofing Granules | ​ | ​ | 121 | ​ | ​ | 86 | ​ | ​ | 229 | ​ | ​ | 181 | ​
Other Safety and Industrial | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 3 | ​
Total Safety and Industrial Business Segment | ​ | $ | 3,254 | ​ | $ | 2,657 | ​ | $ | 6,581 | ​ | $ | 5,584 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Advanced Materials | ​ | $ | 304 | ​ | $ | 236 | ​ | $ | 620 | ​ | $ | 524 | ​
Automotive and Aerospace | ​ | ​ | 469 | ​ | ​ | 268 | ​ | ​ | 985 | ​ | ​ | 716 | ​
Commercial Solutions | ​ | ​ | 454 | ​ | ​ | 327 | ​ | ​ | 892 | ​ | ​ | 757 | ​
Electronics | ​ | ​ | 998 | ​ | ​ | 884 | ​ | ​ | 2,040 | ​ | ​ | 1,747 | ​
Transportation Safety | ​ | ​ | 259 | ​ | ​ | 222 | ​ | ​ | 477 | ​ | ​ | 433 | ​
Other Transportation and Electronics | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (1) | ​
Total Transportation and Electronics Business Segment | ​ | $ | 2,482 | ​ | $ | 1,937 | ​ | ​ | 5,013 | ​ | $ | 4,176 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Drug Delivery | ​ | $ | — | ​ | $ | 41 | ​ | $ | — | ​ | $ | 146 | ​
Food Safety | ​ | ​ | 95 | ​ | ​ | 78 | ​ | ​ | 183 | ​ | ​ | 169 | ​
Health Information Systems | ​ | ​ | 299 | ​ | ​ | 276 | ​ | ​ | 588 | ​ | ​ | 553 | ​
Medical Solutions | ​ | ​ | 1,275 | ​ | ​ | 1,067 | ​ | ​ | 2,542 | ​ | ​ | 2,220 | ​
Oral Care | ​ | ​ | 364 | ​ | ​ | 144 | ​ | ​ | 727 | ​ | ​ | 421 | ​
Separation and Purification Sciences | ​ | ​ | 248 | ​ | ​ | 216 | ​ | ​ | 489 | ​ | ​ | 418 | ​
Other Health Care | ​ | ​ | (3) | ​ | ​ | 1 | ​ | ​ | (3) | ​ | ​ | — | ​
Total Health Care Business Group | ​ | $ | 2,278 | ​ | $ | 1,823 | ​ | $ | 4,526 | ​ | $ | 3,927 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer Health and Safety | ​ | $ | 163 | ​ | $ | 120 | ​ | $ | 313 | ​ | $ | 292 | ​
Home Care | ​ | ​ | 272 | ​ | ​ | 257 | ​ | ​ | 551 | ​ | ​ | 528 | ​
Home Improvement | ​ | ​ | 666 | ​ | ​ | 564 | ​ | ​ | 1,289 | ​ | ​ | 1,067 | ​
Stationery and Office | ​ | ​ | 352 | ​ | ​ | 257 | ​ | ​ | 637 | ​ | ​ | 525 | ​
Other Consumer | ​ | ​ | 29 | ​ | ​ | 33 | ​ | ​ | 65 | ​ | ​ | 69 | ​
Total Consumer Business Group | ​ | $ | 1,482 | ​ | $ | 1,231 | ​ | $ | 2,855 | ​ | $ | 2,481 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate and Unallocated | ​ | $ | 1 | ​ | $ | 1 | ​ | $ | (1) | ​ | $ | 1 | ​
Elimination of Dual Credit | ​ | ​ | (547) | ​ | ​ | (473) | ​ | ​ | (1,173) | ​ | ​ | (918) | ​
Total Company | ​ | $ | 8,950 | ​ | $ | 7,176 | ​ | $ | 17,801 | ​ | $ | 15,251 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2021 | ​
Net Sales (Millions) |  | Americas | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 1,670 | ​ | $ | 814 | ​ | $ | 770 | ​ | $ | — | ​ | $ | 3,254 | ​
Transportation and Electronics | ​ |  | 718 | ​ |  | 1,382 | ​ |  | 383 | ​ |  | (1) | ​ |  | 2,482 | ​
Health Care | ​ | ​ | 1,333 | ​ | ​ | 430 | ​ | ​ | 516 | ​ | ​ | (1) | ​ | ​ | 2,278 | ​
Consumer | ​ |  | 1,081 | ​ |  | 246 | ​ |  | 155 | ​ |  | — | ​ |  | 1,482 | ​
Corporate and Unallocated | ​ |  | 1 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1 | ​
Elimination of Dual Credit | ​ |  | (221) | ​ |  | (217) | ​ |  | (110) | ​ |  | 1 | ​ |  | (547) | ​
Total Company | ​ | $ | 4,582 | ​ | $ | 2,655 | ​ | $ | 1,714 | ​ | $ | (1) | ​ | $ | 8,950 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2021 | ​
Net Sales (Millions) |  | Americas | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 3,367 | ​ | $ | 1,637 | ​ | $ | 1,577 | ​ | $ | — | ​ | $ | 6,581 | ​
Transportation and Electronics | ​ |  | 1,368 | ​ |  | 2,872 | ​ |  | 774 | ​ |  | (1) | ​ |  | 5,013 | ​
Health Care | ​ | ​ | 2,644 | ​ | ​ | 838 | ​ | ​ | 1,045 | ​ | ​ | (1) | ​ | ​ | 4,526 | ​
Consumer | ​ |  | 2,030 | ​ |  | 524 | ​ |  | 301 | ​ |  | — | ​ |  | 2,855 | ​
Corporate and Unallocated | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (1) | ​ |  | (1) | ​
Elimination of Dual Credit | ​ |  | (499) | ​ |  | (447) | ​ |  | (228) | ​ |  | 1 | ​ |  | (1,173) | ​
Total Company | ​ | $ | 8,910 | ​ | $ | 5,424 | ​ | $ | 3,469 | ​ | $ | (2) | ​ | $ | 17,801 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2020 | ​
Net Sales (Millions) |  | Americas | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 1,365 | ​ | $ | 649 | ​ | $ | 644 | ​ | $ | (1) | ​ | $ | 2,657 | ​
Transportation and Electronics | ​ |  | 532 | ​ |  | 1,151 | ​ |  | 254 | ​ |  | — | ​ |  | 1,937 | ​
Health Care | ​ | ​ | 1,074 | ​ | ​ | 358 | ​ | ​ | 392 | ​ | ​ | (1) | ​ | ​ | 1,823 | ​
Consumer | ​ |  | 895 | ​ |  | 216 | ​ |  | 120 | ​ |  | — | ​ |  | 1,231 | ​
Corporate and Unallocated | ​ |  | (2) | ​ |  | — | ​ |  | — | ​ |  | 3 | ​ |  | 1 | ​
Elimination of Dual Credit | ​ |  | (231) | ​ |  | (164) | ​ |  | (78) | ​ |  | — | ​ |  | (473) | ​
Total Company | ​ | $ | 3,633 | ​ | $ | 2,210 | ​ | $ | 1,332 | ​ | $ | 1 | ​ | $ | 7,176 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2020 | ​
Net Sales (Millions) |  | Americas | ​ | Asia Pacific |  | Europe, Middle East and Africa |  | Other Unallocated |  | Worldwide | ​
Safety and Industrial | ​ | $ | 2,882 | ​ | $ | 1,361 | ​ | $ | 1,342 | ​ | $ | (1) | ​ | $ | 5,584 | ​
Transportation and Electronics | ​ |  | 1,207 | ​ |  | 2,353 | ​ |  | 616 | ​ |  | — | ​ |  | 4,176 | ​
Health Care | ​ | ​ | 2,355 | ​ | ​ | 714 | ​ | ​ | 859 | ​ | ​ | (1) | ​ | ​ | 3,927 | ​
Consumer | ​ |  | 1,769 | ​ |  | 466 | ​ |  | 247 | ​ |  | (1) | ​ |  | 2,481 | ​
Corporate and Unallocated | ​ |  | (1) | ​ |  | — | ​ |  | — | ​ |  | 2 | ​ |  | 1 | ​
Elimination of Dual Credit | ​ |  | (437) | ​ |  | (339) | ​ |  | (142) | ​ |  | — | ​ |  | (918) | ​
Total Company | ​ | $ | 7,775 | ​ | $ | 4,555 | ​ | $ | 2,922 | ​ | $ | (1) | ​ | $ | 15,251 | ​
​ ​ ​ Americas included United States net sales to customers of $3.8 billion and $3.1 billion for the three months ended June 30, 2021 and 2020, respectively, and $7.4 billion and $6.6 billion for the six months ended June 30, 2021 and 2020, respectively.

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