Revenue |
Revenue Contract Balances: Deferred revenue primarily relates to revenue that is recognized over time for one-year software license contracts. Refer to Note 7 for deferred revenue balances as of December 31, 2022 and 2021. Approximately $500 million of the December 31, 2021 balance was recognized as revenue during the year ended December 31, 2022, while approximately $470 million of the December 31, 2020 balance was recognized as revenue during the year ended December 31, 2021. 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 $577 million, $582 million, and $586 million for the years ended December 31, 2022, 2021, and 2020 respectivelyDisaggregated revenue information: The Company views the following disaggregated disclosures as useful to understanding the composition of revenue recognized during the respective reporting periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | Net Sales (Millions) | | | | | | | | | | 2022 | | 2021 | | 2020 | Abrasives | | | | | | | | | | $ | 1,343 | | $ | 1,296 | | $ | 1,077 | Automotive Aftermarket | | | | | | | | | | 1,209 | | 1,164 | | 1,028 | Closure and Masking Systems | | | | | | | | | | 1,046 | | 1,033 | | 993 | Electrical Markets | | | | | | | | | | 1,304 | | 1,229 | | 1,093 | Industrial Adhesives and Tapes | | | | | | | | | | 2,331 | | 2,353 | | 2,000 | Personal Safety | | | | | | | | | | 3,916 | | 4,470 | | 4,408 | Roofing Granules | | | | | | | | | | 455 | | 428 | | 389 | Other Safety and Industrial | | | | | | | | | | — | | 8 | | (16) | Total Safety and Industrial Business Segment | | | | | | | | | | 11,604 | | 11,981 | | 10,972 | | | | | | | | | | | | | | | | Advanced Materials | | | | | | | | | | 1,205 | | 1,200 | | 1,029 | Automotive and Aerospace | | | | | | | | | | 1,754 | | 1,756 | | 1,522 | Commercial Solutions | | | | | | | | | | 1,751 | | 1,717 | | 1,486 | Electronics | | | | | | | | | | 3,359 | | 3,673 | | 3,497 | Transportation Safety | | | | | | | | | | 833 | | 907 | | 880 | Other Transportation and Electronics | | | | | | | | | | — | | 9 | | (8) | Total Transportation and Electronics Business Segment | | | | | | | | | | 8,902 | | 9,262 | | 8,406 | | | | | | | | | | | | | | | | Drug Delivery | | | | | | | | | | — | | — | | 146 | Food Safety | | | | | | | | | | 244 | | 368 | | 337 | Health Information Systems | | | | | | | | | | 1,259 | | 1,220 | | 1,140 | Medical Solutions | | | | | | | | | | 4,581 | | 4,632 | | 4,288 | Oral Care | | | | | | | | | | 1,353 | | 1,420 | | 1,071 | Separation and Purification Sciences | | | | | | | | | | 960 | | 956 | | 848 | Other Health Care | | | | | | | | | | 24 | | 1 | | 2 | Total Health Care Business Group | | | | | | | | | | 8,421 | | 8,597 | | 7,832 | | | | | | | | | | | | | | | | Consumer Health and Safety | | | | | | | | | | 569 | | 588 | | 540 | Home Care | | | | | | | | | | 1,046 | | 1,074 | | 1,043 | Home Improvement | | | | | | | | | | 2,392 | | 2,548 | | 2,260 | Stationery and Office | | | | | | | | | | 1,291 | | 1,306 | | 1,132 | Other Consumer | | | | | | | | | | — | | (3) | | 1 | Total Consumer Business Group | | | | | | | | | | 5,298 | | 5,513 | | 4,976 | | | | | | | | | | | | | | | | Corporate and Unallocated | | | | | | | | | | 4 | | 2 | | (2) | Total Company | | | | | | | | | | $ | 34,229 | | $ | 35,355 | | $ | 32,184 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | Net Sales (Millions) | | | | | | | | | | 2022 | | 2021 | | 2020 | Americas | | | | | | | | | | $ | 18,400 | | | $ | 18,097 | | | $ | 16,525 | | Asia Pacific | | | | | | | | | | 9,901 | | | 10,600 | | | 9,569 | | Europe, Middle East and Africa | | | | | | | | | | 5,928 | | | 6,660 | | | 6,109 | | Other Unallocated | | | | | | | | | | — | | | (2) | | | (19) | | Worldwide | | | | | | | | | | $ | 34,229 | | | $ | 35,355 | | | $ | 32,184 | |
Americas included United States net sales to customers of $15.0 billion, $15.0 billion and $13.9 billion in 2022, 2021 and 2020, respectively. Asia Pacific included China/Hong Kong net sales to customers of $3.8 billion, $4.0 billion and $3.5 billion in 2022, 2021 and 2020, respectively.
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