Summary of business segment information |
Business Segment Products | | | | | | | | | Business Segment | | Representative revenue-generating activities, products or services | Safety and Industrial | | •Industrial abrasives and finishing for metalworking applications •Autobody repair solutions •Closure systems for personal hygiene products, masking, and packaging materials •Electrical products and materials for construction and maintenance, power distribution and electrical original equipment manufacturers (OEMs) •Structural adhesives and tapes •Respiratory, hearing, eye and fall protection solutions •Natural and color-coated mineral granules for shingles | Transportation and Electronics | | •Advanced ceramic solutions •Attachment tapes, films, sound and temperature management for transportation vehicles •Premium large format graphic films for advertising and fleet signage •Light management films and electronics assembly solutions •Packaging and interconnection solutions •Reflective signage for highway, and vehicle safety | Health Care | | •Health care procedure coding and reimbursement software •Skin, wound care, and infection prevention products and solutions •Dentistry and orthodontia solutions •Filtration and purification systems | Consumer | | •Consumer bandages, braces, supports and consumer respirators •Cleaning products for the home •Retail abrasives, paint accessories, car care DIY products, picture hanging and consumer air quality solutions •Stationery products
Some seasonality impacts this business segment related to back-to-school, generally in the third quarter of each year |
Business Segment Information | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | | | | | | | | | | Net Sales | | | | | | | | | | 2022 | | 2021 | | 2020 | Safety and Industrial | | | | | | | | | | $ | 11,604 | | | $ | 11,981 | | | $ | 10,972 | | Transportation and Electronics | | | | | | | | | | 8,902 | | | 9,262 | | | 8,406 | | Health Care | | | | | | | | | | 8,421 | | | 8,597 | | | 7,832 | | Consumer | | | | | | | | | | 5,298 | | | 5,513 | | | 4,976 | | Corporate and Unallocated | | | | | | | | | | 4 | | | 2 | | | (2) | | Total Company | | | | | | | | | | $ | 34,229 | | | $ | 35,355 | | | $ | 32,184 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Operating Performance | | | | | | | | | | 2022 | | 2021 | | 2020 | Safety and Industrial | | | | | | | | | | $ | 1,199 | | | $ | 2,466 | | | $ | 2,588 | | Transportation and Electronics | | | | | | | | | | 1,012 | | | 1,880 | | | 1,701 | | Health Care | | | | | | | | | | 1,815 | | | 2,037 | | | 1,662 | | Consumer | | | | | | | | | | 994 | | | 1,162 | | | 1,119 | | Total business segment operating income | | | | | | | | | | 5,020 | | | 7,545 | | | 7,070 | | Corporate and Unallocated | | | | | | | | | | | | | | | Corporate special items: | | | | | | | | | | | | | | | Net costs for significant litigation | | | | | | | | | | (877) | | | (214) | | | (148) | | Divestiture costs | | | | | | | | | | (60) | | | — | | | — | | Gain on business divestitures | | | | | | | | | | 2,724 | | | — | | | 389 | | Divestiture-related restructuring actions | | | | | | | | | | (41) | | | — | | | (55) | | Russia exit charges | | | | | | | | | | (109) | | | — | | | — | | Total corporate special items | | | | | | | | | | 1,637 | | | (214) | | | 186 | | Other corporate expense - net | | | | | | | | | | (118) | | | 38 | | | (95) | | Total Corporate and Unallocated | | | | | | | | | | 1,519 | | | (176) | | | 91 | | Total Company operating income | | | | | | | | | | 6,539 | | | 7,369 | | | 7,161 | | | | | | | | | | | | | | | | | Other expense/(income), net | | | | | | | | | | 147 | | | 165 | | | 366 | | Income before income taxes | | | | | | | | | | $ | 6,392 | | | $ | 7,204 | | | $ | 6,795 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Assets | | Depreciation & Amortization | | Capital Expenditures | (Millions) | | 2022 | | 2021 | | 2022 | | 2021 | | 2020 | | 2022 | | 2021 | | 2020 | Safety and Industrial | | $ | 11,730 | | | $ | 11,744 | | | $ | 566 | | | $ | 593 | | | $ | 562 | | | $ | 512 | | | $ | 339 | | | $ | 451 | | Transportation and Electronics | | 6,453 | | | 6,999 | | | 410 | | | 419 | | | 429 | | | 562 | | | 453 | | | 454 | | Health Care | | 13,343 | | | 14,055 | | | 623 | | | 636 | | | 626 | | | 272 | | | 249 | | | 251 | | Consumer | | 2,753 | | | 2,783 | | | 148 | | | 147 | | | 140 | | | 146 | | | 109 | | | 120 | | Corporate and Unallocated | | 12,176 | | | 11,491 | | | 84 | | | 120 | | | 154 | | | 257 | | | 453 | | | 225 | | Total Company | | $ | 46,455 | | | $ | 47,072 | | | $ | 1,831 | | | $ | 1,915 | | | $ | 1,911 | | | $ | 1,749 | | | $ | 1,603 | | | $ | 1,501 | |
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