v3.22.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 3,655 $ 4,564
Marketable securities — current 238 201
Accounts receivable — net of allowances of $174 and $189 4,532 4,660
Inventories    
Finished goods 2,497 2,196
Work in process 1,606 1,577
Raw materials and supplies 1,269 1,212
Total inventories 5,372 4,985
Prepaids 435 654
Other current assets 456 339
Total current assets 14,688 15,403
Property, plant and equipment 25,998 27,213
Less: Accumulated depreciation (16,820) (17,784)
Property, plant and equipment — net 9,178 9,429
Operating lease right of use assets 829 858
Goodwill 12,790 13,486
Intangible assets — net 4,699 5,288
Other assets 4,271 2,608
Total assets 46,455 47,072
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,938 1,307
Accounts payable 3,183 2,994
Accrued payroll 692 1,020
Accrued income taxes 259 260
Operating lease liabilities — current 261 263
Other current liabilities 3,190 3,191
Total current liabilities 9,523 9,035
Long-term debt 14,001 16,056
Pension and postretirement benefits 1,966 2,870
Operating lease liabilities 580 591
Other liabilities 5,615 3,403
Total liabilities 31,685 31,955
Commitments and contingencies (Note 16)
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 6,691 6,429
Retained earnings 47,950 45,821
Treasury stock, at cost: (33,255) (30,463)
Accumulated other comprehensive income (loss) (6,673) (6,750)
Total 3M Company shareholders’ equity 14,722 15,046
Noncontrolling interest 48 71
Total equity 14,770 15,117
Total liabilities and equity $ 46,455 $ 47,072