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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,083 $ 5,735
Marketable securities — current 255 50
Accounts receivable — net of allowances of $64 and $62 3,575 3,601
Inventories    
Finished goods 1,956 1,842
Work in process 1,193 1,242
Raw materials and supplies 911 860
Total inventories 4,060 3,944
Prepaids 444 344
Other current assets 1,098 326
Current assets of discontinued operations 0 2,379
Total current assets 19,515 16,379
Property, plant and equipment 23,278 23,494
Less: Accumulated depreciation (15,806) (15,804)
Property, plant and equipment — net 7,472 7,690
Operating lease right of use assets 610 657
Goodwill 6,318 6,382
Intangible assets — net 1,266 1,323
Other assets 8,196 6,806
Non-current assets of discontinued operations 0 11,343
Total assets 43,377 50,580
Current liabilities    
Short-term borrowings and current portion of long-term debt 1,302 2,947
Accounts payable 2,813 2,776
Accrued payroll 602 695
Accrued income taxes 407 304
Operating lease liabilities — current 169 192
Other current liabilities 9,052 6,660
Current liabilities of discontinued operations 0 1,723
Total current liabilities 14,345 15,297
Long-term debt 11,781 13,088
Pension and postretirement benefits 1,717 2,156
Operating lease liabilities 443 464
Other liabilities 11,103 14,021
Non-current liabilities of discontinued operations 0 686
Total liabilities 39,389 45,712
Commitments and contingencies
3M Company shareholders’ equity:    
Common stock 9 9
Additional paid-in capital 7,146 6,956
Retained earnings 35,475 37,479
Treasury stock, at cost: (33,147) (32,859)
Accumulated other comprehensive income (loss) (5,567) (6,778)
Total 3M Company shareholders’ equity 3,916 4,807
Noncontrolling interest 72 61
Total equity 3,988 4,868
Total liabilities and equity $ 43,377 $ 50,580