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Revenue | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
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 March 31, 2024 and December 31, 2023 was $565 million and $572 million, respectively. Approximately $210 million of the December 31, 2023 balance and $200 million of the December 31, 2022 balance was recognized as revenue during the three months ended March 31, 2024 and 2023, respectively. Operating Lease Revenue: Net sales includes rental revenue from durable medical devices as part of operating lease arrangements (reported within the Medical Surgical Division), which was $139 million and $139 million during the three months ended March 31, 2024 and 2023, 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 by Division (millions) |  | 2024 |  | 2023 |  |  |  |  |  |
Abrasives |  | $ | 328 |  | $ | 341 |  |  |  |  |  |
Automotive Aftermarket |  | 306 |  | 312 |  |  |  |  |  |
Electrical Markets |  | 311 |  | 324 |  |  |  |  |  |
Industrial Adhesives and Tapes |  | 518 |  | 516 |  |  |  |  |  |
Industrial Specialties Division |  | 284 |  | 308 |  |  |  |  |  |
Personal Safety |  | 857 |  | 868 |  |  |  |  |  |
Roofing Granules |  | 128 |  | 110 |  |  |  |  |  |
Total Safety and Industrial Business Segment |  | 2,732 |  | 2,779 |  |  |  |  |  |
Advanced Materials |  | 263 |  | 301 |  |  |  |  |  |
Automotive and Aerospace |  | 506 |  | 462 |  |  |  |  |  |
Commercial Branding and Transportation |  | 610 |  | 615 |  |  |  |  |  |
Electronics |  | 725 |  | 672 |  |  |  |  |  |
Total Transportation and Electronics Business Segment |  | 2,104 |  | 2,050 |  |  |  |  |  |
Health Information Systems |  | 300 |  | 300 |  |  |  |  |  |
Medical Surgical (MedSurg) |  | 1,123 |  | 1,123 |  |  |  |  |  |
Dental Solutions |  | 335 |  | 341 |  |  |  |  |  |
Purification and Filtration |  | 245 |  | 232 |  |  |  |  |  |
Other Health Care |  | 14 |  |  | 14 |  |  |  |  |  |
Total Health Care Business Group |  | 2,017 |  | 2,010 |  |  |  |  |  |
Consumer Safety and Well-Being |  | 266 |  | 270 |  |  |  |  |  |
Home and Auto Care |  | 305 |  | 318 |  |  |  |  |  |
Home Improvement |  | 330 |  | 341 |  |  |  |  |  |
Packaging and Expression |  | 239 |  | 263 |  |  |  |  |  |
Total Consumer Business Group |  | 1,140 |  | 1,192 |  |  |  |  |  |
Corporate and Unallocated |  | 10 |  | — |  |  |  |  |  |
Total Company |  | $ | 8,003 |  | $ | 8,031 |  |  |  |  |  |
|  | Three months ended March 31, |  |  |
Net Sales by Geographic Area (millions) |  | 2024 |  | 2023 |  |  |  |  |  |
Americas |  | $ | 4,375 |  |  | $ | 4,399 |  |  |  |  |  |  |
Asia Pacific |  | 2,106 |  |  | 2,180 |  |  |  |  |  |  |
Europe, Middle East and Africa |  | 1,522 |  |  | 1,452 |  |  |  |  |  |  |
Worldwide |  | $ | 8,003 |  |  | $ | 8,031 |  |  |  |  |  |  |
Americas included United States net sales to customers of $3.6 billion and $3.6 billion for the three months ended March 31, 2024 and 2023, respectively.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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