Revenue

6 Months Ended

Jun. 30, 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 June 30, 2020 and December 31, 2019 was $412 million and $430 million, respectively. Approximately $110 million and $270 million of the December 31, 2019 balance was recognized as revenue during the three and six months ended June 30, 2020, respectively, while approximately $110 million and $480 million of the December 31, 2018 balance was recognized as revenue during the three and six months ended June 30, 2019, respectively.

Operating Lease Revenue:

Net sales includes rental revenue from durable medical devices as part of operating lease arrangements, which was $133 million and $275 million during the three and six months ended June 30, 2020. Applicable rental revenue for the three and six months ended June 30, 2019 was not material.

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				Six months ended
	June 30,				June 30,
Net Sales (Millions)	2020		2019		2020		2019
Abrasives	$	243	$	358	$	573	$	721
Automotive Aftermarket		203		304		487		610
Closure and Masking Systems		235		275		503		553
Electrical Markets		253		302		544		613
Industrial Adhesives and Tapes		552		674		1,226		1,357
Personal Safety		1,095		917		2,085		1,841
Roofing Granules		86		100		181		192
Other Safety and Industrial		1		7		4		13
Total Safety and Industrial Business Segment	$	2,668	$	2,937	$	5,603	$	5,900
Advanced Materials	$	236	$	331	$	524	$	642
Automotive and Aerospace		268		478		715		986
Commercial Solutions		328		477		757		939
Electronics		884		898		1,747		1,759
Transportation Safety		222		265		433		481
Other Transportation and Electronics		(1)		1		(1)		(2)
Total Transportation and Electronics Business Segment	$	1,937	$	2,450	$	4,175	$	4,805
Drug Delivery	$	41	$	101	$	146	$	184
Food Safety		79		85		170		168
Health Information Systems		276		297		553		557
Medical Solutions		1,068		801		2,221		1,574
Oral Care		144		338		421		679
Separation and Purification Sciences		216		208		418		411
Other Health Care		1		1		(1)		(4)
Total Health Care Business Group	$	1,825	$	1,831	$	3,928	$	3,569
Consumer Health Care	$	83	$	101	$	182	$	198
Home Care		258		247		528		504
Home Improvement		601		589		1,177		1,117
Stationery and Office		263		351		536		646
Other Consumer		33		32		71		55
Total Consumer Business Group	$	1,238	$	1,320	$	2,494	$	2,520
Corporate and Unallocated	$	(2)	$	48	$	(1)	$	70
Elimination of Dual Credit		(490)		(415)		(948)		(830)
Total Company	$	7,176	$	8,171	$	15,251	$	16,034

	Three months ended June 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,367	$	655	$	645	$	1	$	2,668
Transportation and Electronics		532		1,151		254		—		1,937
Health Care		1,074		358		392		1		1,825
Consumer		895		218		125		—		1,238
Corporate and Unallocated		(1)		—		—		(1)		(2)
Elimination of Dual Credit		(234)		(172)		(84)		—		(490)
Total Company	$	3,633	$	2,210	$	1,332	$	1	$	7,176

	Six months ended June 30, 2020
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	2,886	$	1,374	$	1,343	$	—	$	5,603
Transportation and Electronics		1,207		2,352		616		—		4,175
Health Care		2,355		714		859		—		3,928
Consumer		1,769		468		257		—		2,494
Corporate and Unallocated		—		—		—		(1)		(1)
Elimination of Dual Credit		(442)		(353)		(153)		—		(948)
Total Company	$	7,775	$	4,555	$	2,922	$	(1)	$	15,251

	Three months ended June 30, 2019
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	1,549	$	700	$	688	$	—	$	2,937
Transportation and Electronics		794		1,267		389		—		2,450
Health Care		1,021		383		427		—		1,831
Consumer		945		233		141		1		1,320
Corporate and Unallocated		49		(2)		(1)		2		48
Elimination of Dual Credit		(195)		(166)		(51)		(3)		(415)
Total Company	$	4,163	$	2,415	$	1,593	$	—	$	8,171

	Six months ended June 30, 2019
Net Sales (Millions)	Americas		Asia Pacific		Europe, Middle East and Africa		Other Unallocated		Worldwide
Safety and Industrial	$	3,035	$	1,459	$	1,407	$	(1)	$	5,900
Transportation and Electronics		1,507		2,524		775		(1)		4,805
Health Care		1,943		761		865		—		3,569
Consumer		1,748		490		282		—		2,520
Corporate and Unallocated		70		—		—		—		70
Elimination of Dual Credit		(377)		(341)		(112)		—		(830)
Total Company	$	7,926	$	4,893	$	3,217	$	(2)	$	16,034

Americas included United States net sales to customers of $3.1 billion and $3.4 billion for the three months ended June 30, 2020 and 2019, respectively, and $6.6 billion and $6.5 billion for the six months ended June 30, 2020 and 2019, respectively.