Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

3M Co., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	4,564)	4,634)	2,353)	2,853)	3,053)
Marketable securities, current	201)	404)	98)	380)	1,076)
Accounts receivable, net of allowances	4,660)	4,705)	4,791)	5,020)	4,911)
Inventories	4,985)	4,239)	4,134)	4,366)	4,034)
Prepaids	654)	675)	704)	741)	937)
Derivative assets, current	78)	34)	75)	88)	37)
Held-to-maturity debt security held in trust	—)	—)	470)	—)	—)
Insurance related (receivables, prepaid expenses and other)	110)	125)	172)	103)	71)
Other	151)	166)	174)	158)	158)
Other current assets	339)	325)	891)	349)	266)
Current assets	15,403)	14,982)	12,971)	13,709)	14,277)
Property, plant and equipment, net	9,429)	9,421)	9,333)	8,738)	8,866)
Operating lease right of use assets	858)	864)	858)	—)	—)
Goodwill	13,486)	13,802)	13,444)	10,051)	10,513)
Intangible assets, net	5,288)	5,835)	6,379)	2,657)	2,936)
Deferred income taxes	581)	871)	521)	365)	511)
Prepaid pension and post retirement	943)	630)	230)	208)	237)
Insurance related receivables and other	51)	49)	67)	68)	63)
Cash surrender value of life insurance policies	261)	258)	254)	251)	241)
Equity method investments	129)	134)	70)	70)	70)
Equity and other investments	133)	80)	126)	118)	80)
Other	510)	418)	406)	265)	193)
Other assets	2,608)	2,440)	1,674)	1,345)	1,395)
Noncurrent assets	31,669)	32,362)	31,688)	22,791)	23,710)
Total assets	47,072)	47,344)	44,659)	36,500)	37,987)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	3M Co. current assets increased from 2019 to 2020 and from 2020 to 2021.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	3M Co. property, plant and equipment, net increased from 2019 to 2020 and from 2020 to 2021.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	3M Co. noncurrent assets increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	3M Co. total assets increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	3M Co. cash and cash equivalents increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Marketable securities, current	Amount of investment in marketable security, classified as current.	3M Co. marketable securities, current increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Accounts receivable, net of allowances	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	3M Co. accounts receivable, net of allowances decreased from 2019 to 2020 and from 2020 to 2021.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	3M Co. inventories increased from 2019 to 2020 and from 2020 to 2021.

3M Co. (NYSE:MMM)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items