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v3.23.1

Revenue | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | 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 March 31, 2023 and December 31, 2022 was $520 million and $538 million, respectively. Approximately $200 million of the December 31, 2022 balance and of the December 31, 2021 balance was recognized as revenue during the three months ended March 31, 2023 and during the three months ended March 31, 2022. 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 $139 million and $136 million during the three months ended March 31, 2023 and 2022, respectively. 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) |  | 2023 |  | 2022 |  |  |  |  |  |  |  |  |  |
Abrasives |  | $ | 341 |  | $ | 329 |  |  |  |  |  |  |  |  |  |
Automotive Aftermarket |  | 312 |  | 295 |  |  |  |  |  |  |  |  |  |
Closure and Masking Systems |  | 245 |  | 258 |  |  |  |  |  |  |  |  |  |
Electrical Markets |  | 324 |  | 309 |  |  |  |  |  |  |  |  |  |
Industrial Adhesives and Tapes |  | 544 |  | 621 |  |  |  |  |  |  |  |  |  |
Personal Safety |  | 903 |  | 1,127 |  |  |  |  |  |  |  |  |  |
Roofing Granules |  | 110 |  | 112 |  |  |  |  |  |  |  |  |  |
Total Safety and Industrial Business Segment |  | 2,779 |  | 3,051 |  |  |  |  |  |  |  |  |  |
Advanced Materials |  | 301 |  | 305 |  |  |  |  |  |  |  |  |  |
Automotive and Aerospace |  | 462 |  | 460 |  |  |  |  |  |  |  |  |  |
Commercial Solutions |  | 432 |  | 454 |  |  |  |  |  |  |  |  |  |
Electronics |  | 672 |  | 923 |  |  |  |  |  |  |  |  |  |
Transportation Safety |  | 183 |  | 198 |  |  |  |  |  |  |  |  |  |
Total Transportation and Electronics Business Segment |  | 2,050 |  | 2,340 |  |  |  |  |  |  |  |  |  |
Food Safety |  | — |  | 92 |  |  |  |  |  |  |  |  |  |
Health Information Systems |  | 300 |  | 300 |  |  |  |  |  |  |  |  |  |
Medical Solutions |  | 1,123 |  | 1,128 |  |  |  |  |  |  |  |  |  |
Oral Care |  | 341 |  | 348 |  |  |  |  |  |  |  |  |  |
Separation and Purification Sciences |  | 232 |  | 260 |  |  |  |  |  |  |  |  |  |
Other Health Care |  | 14 |  |  | — |  |  |  |  |  |  |  |  |  |
Total Health Care Business Group |  | 2,010 |  | 2,128 |  |  |  |  |  |  |  |  |  |
Home, Health and Auto Care |  | 400 |  | 437 |  |  |  |  |  |  |  |  |  |
Construction and Home Improvement Markets |  | 529 |  | 603 |  |  |  |  |  |  |  |  |  |
Stationery and Office |  | 263 |  | 269 |  |  |  |  |  |  |  |  |  |
Total Consumer Business Group |  | 1,192 |  | 1,309 |  |  |  |  |  |  |  |  |  |
Corporate and Unallocated |  | — |  | 1 |  |  |  |  |  |  |  |  |  |
Total Company |  | $ | 8,031 |  | $ | 8,829 |  |  |  |  |  |  |  |  |  |
|  | Three months ended March 31, |  |  |  |
Net Sales (Millions) |  | 2023 |  | 2022 |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 4,399 |  |  | $ | 4,438 |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | 2,180 |  |  | 2,770 |  |  |  |  |  |  |  |  |  |  |
Europe, Middle East and Africa |  | 1,452 |  |  | 1,621 |  |  |  |  |  |  |  |  |  |  |
Worldwide |  | $ | 8,031 |  |  | $ | 8,829 |  |  |  |  |  |  |  |  |  |  |
Americas included United States net sales to customers of $3.6 billion for both the three months ended March 31, 2023 and 2022.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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