Revenue

3 Months Ended

Mar. 31, 2020

Revenue

Revenue

NOTE 2. Revenue

Contract Balances:

Deferred revenue primarily relates to revenue that is recognized over time for one-year software license contracts. Deferred revenue (current portion) as of March 31, 2020 and December 31, 2019 was $422 million and $430 million, respectively. Approximately $160 million of the December 31, 2019 balance was recognized as revenue during the three months ended March 31, 2020, while approximately $370 million of the December 31, 2018 balance was recognized as revenue during the three months ended March 31, 2019.

Disaggregated revenue information:

The Company views the following disaggregated disclosures as useful to understanding the composition of revenue recognized during the respective reporting periods:

	Three months ended
	March 31,
Net Sales (Millions)	2020		2019
Abrasives	$	330	$	363
Automotive Aftermarket		284		306
Closure and Masking Systems		268		278
Electrical Markets		291		311
Industrial Adhesives and Tapes		674		683
Personal Safety		990		924
Roofing Granules		95		92
Other Safety and Industrial		3		6
Total Safety and Industrial Business Segment	$	2,935	$	2,963
Advanced Materials	$	288	$	311
Automotive and Aerospace		447		508
Commercial Solutions		429		462
Electronics		863		861
Transportation Safety		211		216
Other Transportation and Electronics		—		(3)
Total Transportation and Electronics Business Segment	$	2,238	$	2,355
Drug Delivery	$	105	$	83
Food Safety		91		83
Health Information Systems		277		260
Medical Solutions		1,153		773
Oral Care		277		341
Separation and Purification Sciences		202		203
Other Health Care		(2)		(5)
Total Health Care Business Group	$	2,103	$	1,738
Consumer Health Care	$	99	$	97
Home Care		270		257
Home Improvement		576		528
Stationery and Office		273		295
Other Consumer		38		23
Total Consumer Business Group	$	1,256	$	1,200
Corporate and Unallocated	$	1	$	22
Elimination of Dual Credit		(458)		(415)
Total Company	$	8,075	$	7,863

	Three months ended March 31, 2020
Net Sales (Millions)		Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial		$	1,519	$	719	$	698	$	(1)	$	2,935
Transportation and Electronics			675		1,201		362		—		2,238
Health Care			1,281		356		467		(1)		2,103
Consumer			874		250		132		—		1,256
Corporate and Unallocated			1		—		—		—		1
Elimination of Dual Credit			(208)		(181)		(69)		—		(458)
Total Company		$	4,142	$	2,345	$	1,590	$	(2)	$	8,075

	Three months ended March 31, 2019
Net Sales (Millions)		Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial		$	1,486	$	759	$	719	$	(1)	$	2,963
Transportation and Electronics			713		1,257		386		(1)		2,355
Health Care			922		378		438		—		1,738
Consumer			803		257		141		(1)		1,200
Corporate and Unallocated			21		2		1		(2)		22
Elimination of Dual Credit			(182)		(175)		(61)		3		(415)
Total Company		$	3,763	$	2,478	$	1,624	$	(2)	$	7,863

Americas included United States net sales to customers of $3.425 billion and $3.046 billion for the three months ended March 31, 2020 and 2019, respectively.