Analysis of Reportable Segments
3M Co. operates in 4 segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer.
Segment Profit Margin
3M Co., profit margin by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 20.90% | 25.95% | 22.81% | 27.40% | 21.79% |
| Transportation and Electronics | 20.55% | 21.83% | 23.13% | 26.21% | 30.28% |
| Health Care | 23.76% | 21.91% | 25.07% | 28.14% | 28.29% |
| Consumer | 21.31% | 23.41% | 21.71% | 21.06% | 20.99% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Safety and Industrial | Safety and Industrial segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Transportation and Electronics | Transportation and Electronics segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. | |
| Health Care | Health Care segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. | |
| Consumer | Consumer segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Profit Margin: Safety and Industrial
3M Co.; Safety and Industrial; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,692) | 3,054) | 2,648) | 3,423) | 2,603) |
| Net sales | 12,880) | 11,767) | 11,607) | 12,494) | 11,946) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.90% | 25.95% | 22.81% | 27.40% | 21.79% |
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).
1 2021 Calculation
Segment profit margin = 100 × Business segment operating income ÷ Net sales
= 100 × 2,692 ÷ 12,880 = 20.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Safety and Industrial | Safety and Industrial segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Profit Margin: Transportation and Electronics
3M Co.; Transportation and Electronics; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,008) | 1,927) | 2,221) | 2,649) | 2,986) |
| Net sales | 9,769) | 8,827) | 9,602) | 10,106) | 9,861) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.55% | 21.83% | 23.13% | 26.21% | 30.28% |
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).
1 2021 Calculation
Segment profit margin = 100 × Business segment operating income ÷ Net sales
= 100 × 2,008 ÷ 9,769 = 20.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Transportation and Electronics | Transportation and Electronics segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Health Care
3M Co.; Health Care; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,150) | 1,828) | 1,863) | 1,921) | 1,877) |
| Net sales | 9,050) | 8,345) | 7,431) | 6,826) | 6,635) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 23.76% | 21.91% | 25.07% | 28.14% | 28.29% |
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).
1 2021 Calculation
Segment profit margin = 100 × Business segment operating income ÷ Net sales
= 100 × 2,150 ÷ 9,050 = 23.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Health Care | Health Care segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment Profit Margin: Consumer
3M Co.; Consumer; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 1,248) | 1,249) | 1,105) | 1,071) | 1,051) |
| Net sales | 5,856) | 5,336) | 5,089) | 5,086) | 5,006) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 21.31% | 23.41% | 21.71% | 21.06% | 20.99% |
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).
1 2021 Calculation
Segment profit margin = 100 × Business segment operating income ÷ Net sales
= 100 × 1,248 ÷ 5,856 = 21.31%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Consumer | Consumer segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Return on Assets (Segment ROA)
3M Co., ROA by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 22.92% | 26.08% | 21.03% | 26.16% | 19.20% |
| Transportation and Electronics | 28.69% | 27.54% | 29.18% | 34.08% | 38.35% |
| Health Care | 15.30% | 12.58% | 12.25% | 27.09% | 25.86% |
| Consumer | 44.84% | 48.66% | 39.58% | 36.15% | 36.13% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Safety and Industrial | Safety and Industrial segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Transportation and Electronics | Transportation and Electronics segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. | |
| Health Care | Health Care segment ROA improved from 2019 to 2020 and from 2020 to 2021. | |
| Consumer | Consumer segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment ROA: Safety and Industrial
3M Co.; Safety and Industrial; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,692) | 3,054) | 2,648) | 3,423) | 2,603) |
| Assets | 11,744) | 11,711) | 12,593) | 13,086) | 13,560) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 22.92% | 26.08% | 21.03% | 26.16% | 19.20% |
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).
1 2021 Calculation
Segment ROA = 100 × Business segment operating income ÷ Assets
= 100 × 2,692 ÷ 11,744 = 22.92%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Safety and Industrial | Safety and Industrial segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Segment ROA: Transportation and Electronics
3M Co.; Transportation and Electronics; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,008) | 1,927) | 2,221) | 2,649) | 2,986) |
| Assets | 6,999) | 6,997) | 7,611) | 7,773) | 7,786) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 28.69% | 27.54% | 29.18% | 34.08% | 38.35% |
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).
1 2021 Calculation
Segment ROA = 100 × Business segment operating income ÷ Assets
= 100 × 2,008 ÷ 6,999 = 28.69%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Transportation and Electronics | Transportation and Electronics segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment ROA: Health Care
3M Co.; Health Care; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 2,150) | 1,828) | 1,863) | 1,921) | 1,877) |
| Assets | 14,055) | 14,531) | 15,210) | 7,092) | 7,258) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 15.30% | 12.58% | 12.25% | 27.09% | 25.86% |
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).
1 2021 Calculation
Segment ROA = 100 × Business segment operating income ÷ Assets
= 100 × 2,150 ÷ 14,055 = 15.30%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Health Care | Health Care segment ROA improved from 2019 to 2020 and from 2020 to 2021. |
Segment ROA: Consumer
3M Co.; Consumer; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Business segment operating income | 1,248) | 1,249) | 1,105) | 1,071) | 1,051) |
| Assets | 2,783) | 2,567) | 2,792) | 2,963) | 2,909) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 44.84% | 48.66% | 39.58% | 36.15% | 36.13% |
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).
1 2021 Calculation
Segment ROA = 100 × Business segment operating income ÷ Assets
= 100 × 1,248 ÷ 2,783 = 44.84%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Consumer | Consumer segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment Asset Turnover
3M Co., asset turnover by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 1.10 | 1.00 | 0.92 | 0.95 | 0.88 |
| Transportation and Electronics | 1.40 | 1.26 | 1.26 | 1.30 | 1.27 |
| Health Care | 0.64 | 0.57 | 0.49 | 0.96 | 0.91 |
| Consumer | 2.10 | 2.08 | 1.82 | 1.72 | 1.72 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Safety and Industrial | Safety and Industrial segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Transportation and Electronics | Transportation and Electronics segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Health Care | Health Care segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Consumer | Consumer segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Safety and Industrial
3M Co.; Safety and Industrial; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,880) | 11,767) | 11,607) | 12,494) | 11,946) |
| Assets | 11,744) | 11,711) | 12,593) | 13,086) | 13,560) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.10 | 1.00 | 0.92 | 0.95 | 0.88 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 12,880 ÷ 11,744 = 1.10
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Safety and Industrial | Safety and Industrial segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Transportation and Electronics
3M Co.; Transportation and Electronics; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 9,769) | 8,827) | 9,602) | 10,106) | 9,861) |
| Assets | 6,999) | 6,997) | 7,611) | 7,773) | 7,786) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.40 | 1.26 | 1.26 | 1.30 | 1.27 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 9,769 ÷ 6,999 = 1.40
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Transportation and Electronics | Transportation and Electronics segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: Health Care
3M Co.; Health Care; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 9,050) | 8,345) | 7,431) | 6,826) | 6,635) |
| Assets | 14,055) | 14,531) | 15,210) | 7,092) | 7,258) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.64 | 0.57 | 0.49 | 0.96 | 0.91 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 9,050 ÷ 14,055 = 0.64
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Health Care | Health Care segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Consumer
3M Co.; Consumer; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 5,856) | 5,336) | 5,089) | 5,086) | 5,006) |
| Assets | 2,783) | 2,567) | 2,792) | 2,963) | 2,909) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.10 | 2.08 | 1.82 | 1.72 | 1.72 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 5,856 ÷ 2,783 = 2.10
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Consumer | Consumer segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation
3M Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 0.57 | 0.80 | 0.57 | 0.71 | 0.60 |
| Transportation and Electronics | 1.08 | 1.06 | 1.20 | 1.01 | 0.87 |
| Health Care | 0.39 | 0.40 | 0.95 | 1.13 | 0.84 |
| Consumer | 0.74 | 0.86 | 1.43 | 1.19 | 0.94 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Safety and Industrial | Safety and Industrial segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Transportation and Electronics | Transportation and Electronics segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Health Care | Health Care segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021. | |
| Consumer | Consumer segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Safety and Industrial
3M Co.; Safety and Industrial; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 339) | 451) | 391) | 375) | 255) |
| Depreciation & amortization | 593) | 562) | 682) | 528) | 424) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.57 | 0.80 | 0.57 | 0.71 | 0.60 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation & amortization
= 339 ÷ 593 = 0.57
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Safety and Industrial | Safety and Industrial segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Transportation and Electronics
3M Co.; Transportation and Electronics; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 453) | 454) | 390) | 339) | 382) |
| Depreciation & amortization | 419) | 429) | 324) | 337) | 437) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.08 | 1.06 | 1.20 | 1.01 | 0.87 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation & amortization
= 453 ÷ 419 = 1.08
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Transportation and Electronics | Transportation and Electronics segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Health Care
3M Co.; Health Care; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 249) | 251) | 264) | 245) | 217) |
| Depreciation & amortization | 636) | 626) | 277) | 216) | 257) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.39 | 0.40 | 0.95 | 1.13 | 0.84 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation & amortization
= 249 ÷ 636 = 0.39
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Health Care | Health Care segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Consumer
3M Co.; Consumer; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 109) | 120) | 130) | 115) | 110) |
| Depreciation & amortization | 147) | 140) | 91) | 97) | 117) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.74 | 0.86 | 1.43 | 1.19 | 0.94 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation & amortization
= 109 ÷ 147 = 0.74
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Consumer | Consumer segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Net sales
3M Co., net sales by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 12,880) | 11,767) | 11,607) | 12,494) | 11,946) |
| Transportation and Electronics | 9,769) | 8,827) | 9,602) | 10,106) | 9,861) |
| Health Care | 9,050) | 8,345) | 7,431) | 6,826) | 6,635) |
| Consumer | 5,856) | 5,336) | 5,089) | 5,086) | 5,006) |
| Corporate and Unallocated | 2) | (1) | 110) | 50) | 2) |
| Elimination of Dual Credit | (2,202) | (2,090) | (1,703) | (1,797) | (1,793) |
| Total Company | 35,355) | 32,184) | 32,136) | 32,765) | 31,657) |
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).
Business segment operating income
3M Co., business segment operating income by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 2,692) | 3,054) | 2,648) | 3,423) | 2,603) |
| Transportation and Electronics | 2,008) | 1,927) | 2,221) | 2,649) | 2,986) |
| Health Care | 2,150) | 1,828) | 1,863) | 1,921) | 1,877) |
| Consumer | 1,248) | 1,249) | 1,105) | 1,071) | 1,051) |
| Elimination of Dual Credit | (553) | (534) | (420) | (448) | (458) |
| Total Company | 7,545) | 7,524) | 7,417) | 8,616) | 8,059) |
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
3M Co., assets by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 11,744) | 11,711) | 12,593) | 13,086) | 13,560) |
| Transportation and Electronics | 6,999) | 6,997) | 7,611) | 7,773) | 7,786) |
| Health Care | 14,055) | 14,531) | 15,210) | 7,092) | 7,258) |
| Consumer | 2,783) | 2,567) | 2,792) | 2,963) | 2,909) |
| Corporate and Unallocated | 11,491) | 11,538) | 6,453) | 5,586) | 6,474) |
| Total Company | 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).
Depreciation & amortization
3M Co., depreciation & amortization by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 593) | 562) | 682) | 528) | 424) |
| Transportation and Electronics | 419) | 429) | 324) | 337) | 437) |
| Health Care | 636) | 626) | 277) | 216) | 257) |
| Consumer | 147) | 140) | 91) | 97) | 117) |
| Corporate and Unallocated | 120) | 154) | 219) | 310) | 309) |
| Total Company | 1,915) | 1,911) | 1,593) | 1,488) | 1,544) |
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).
Capital expenditures
3M Co., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Safety and Industrial | 339) | 451) | 391) | 375) | 255) |
| Transportation and Electronics | 453) | 454) | 390) | 339) | 382) |
| Health Care | 249) | 251) | 264) | 245) | 217) |
| Consumer | 109) | 120) | 130) | 115) | 110) |
| Corporate and Unallocated | 453) | 225) | 524) | 503) | 409) |
| Total Company | 1,603) | 1,501) | 1,699) | 1,577) | 1,373) |
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).