2020 Q4 Form 10-K Financial Statement

#000155837021000737 Filed on February 04, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $8.583B $8.111B $7.991B
YoY Change 5.82% 2.09% -1.97%
Cost Of Revenue $4.388B $4.325B $4.188B
YoY Change 1.46% 6.53% 0.7%
Gross Profit $4.195B $3.786B $3.803B
YoY Change 10.8% -2.55% -4.76%
Gross Profit Margin 48.88% 46.68% 47.59%
Selling, General & Admin $1.811B $1.892B $1.455B
YoY Change -4.28% 13.57% -5.95%
% of Gross Profit 43.17% 49.97% 38.26%
Research & Development $449.0M $489.0M $443.0M
YoY Change -8.18% 12.16% 3.02%
% of Gross Profit 10.7% 12.92% 11.65%
Depreciation & Amortization $498.0M $463.0M $379.0M
YoY Change 7.56% 24.8% 6.76%
% of Gross Profit 11.87% 12.23% 9.97%
Operating Expenses $2.260B $2.381B $1.455B
YoY Change -5.08% 13.27% -5.95%
Operating Profit $1.935B $1.405B $2.011B
YoY Change 37.72% -21.2% -0.25%
Interest Expense -$126.0M -$70.00M $109.0M
YoY Change 80.0% -5.41% 28.24%
% of Operating Profit -6.51% -4.98% 5.42%
Other Income/Expense, Net -$3.000M -$5.000M -$45.00M
YoY Change -40.0% -135.71% -11.76%
Pretax Income $1.710B $1.212B $1.966B
YoY Change 41.09% -29.53% 0.05%
Income Tax $316.0M $242.0M $378.0M
% Of Pretax Income 18.48% 19.97% 19.23%
Net Earnings $1.389B $969.0M $1.583B
YoY Change 43.34% -28.06% 2.59%
Net Earnings / Revenue 16.18% 11.95% 19.81%
Basic Earnings Per Share $2.40 $1.68 $2.75
Diluted Earnings Per Share $2.38 $1.66 $2.72
COMMON SHARES
Basic Shares Outstanding 576.5M
Diluted Shares Outstanding 583.0M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.068B $2.494B $7.807B
YoY Change 103.21% -23.73% 119.92%
Cash & Equivalents $4.634B $2.353B $7.731B
Short-Term Investments $434.0M $141.0M $76.00M
Other Short-Term Assets $325.0M $891.0M $515.0M
YoY Change -63.52% 155.3% 33.77%
Inventory $4.239B $4.134B $4.007B
Prepaid Expenses $675.0M $704.0M $717.0M
Receivables $4.705B $4.791B $5.020B
Other Receivables $0.00 $172.0M $0.00
Total Short-Term Assets $14.98B $12.97B $18.02B
YoY Change 15.5% -5.38% 24.97%
LONG-TERM ASSETS
Property, Plant & Equipment $9.421B $9.333B $8.891B
YoY Change 0.94% 6.81% 3.02%
Goodwill $13.80B $13.44B $10.41B
YoY Change 2.66% 33.76% 2.84%
Intangibles $5.835B $6.379B $2.847B
YoY Change -8.53% 140.08% 4.44%
Long-Term Investments $134.0M $70.00M
YoY Change 91.43% 0.0%
Other Assets $2.440B $1.674B $1.548B
YoY Change 45.76% 24.46% 12.42%
Total Long-Term Assets $32.36B $31.69B $24.53B
YoY Change 2.13% 39.04% 7.32%
TOTAL ASSETS
Total Short-Term Assets $14.98B $12.97B $18.02B
Total Long-Term Assets $32.36B $31.69B $24.53B
Total Assets $47.34B $44.66B $42.55B
YoY Change 6.01% 22.35% 14.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.561B $2.228B $2.079B
YoY Change 14.95% -1.68% 2.46%
Accrued Expenses $1.003B $949.0M $910.0M
YoY Change 5.69% 26.7% 16.22%
Deferred Revenue $498.0M $430.0M $605.0M
YoY Change 15.81% -30.31% -1.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $794.0M $2.816B $1.978B
YoY Change -71.8% 132.54% 51.34%
Total Short-Term Liabilities $7.948B $9.222B $7.821B
YoY Change -13.81% 27.31% 6.61%
LONG-TERM LIABILITIES
Long-Term Debt $17.99B $17.52B $17.48B
YoY Change 2.69% 30.62% 29.1%
Other Long-Term Liabilities $3.462B $3.275B $3.235B
YoY Change 5.71% 8.8% 11.32%
Total Long-Term Liabilities $21.45B $20.79B $20.71B
YoY Change 3.16% 26.62% 25.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.948B $9.222B $7.821B
Total Long-Term Liabilities $21.45B $20.79B $20.71B
Total Liabilities $34.41B $34.53B $31.79B
YoY Change -0.35% 29.57% 17.88%
SHAREHOLDERS EQUITY
Retained Earnings $43.82B $42.14B $42.09B
YoY Change 4.0% 3.69% 4.9%
Common Stock $6.171B $5.916B $5.870B
YoY Change 4.31% 4.67% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.87B $10.06B $10.70B
YoY Change
Total Liabilities & Shareholders Equity $47.34B $44.66B $42.55B
YoY Change 6.01% 22.35% 14.15%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $1.389B $969.0M $1.583B
YoY Change 43.34% -28.06% 2.59%
Depreciation, Depletion And Amortization $498.0M $463.0M $379.0M
YoY Change 7.56% 24.8% 6.76%
Cash From Operating Activities $2.515B $2.338B $2.022B
YoY Change 7.57% 3.54% -5.47%
INVESTING ACTIVITIES
Capital Expenditures -$422.0M -$538.0M -$349.0M
YoY Change -21.56% 1.32% -7.43%
Acquisitions
YoY Change
Other Investing Activities $163.0M -$4.761B $439.0M
YoY Change -103.42% -4240.0% 306.48%
Cash From Investing Activities -$259.0M -$5.299B $90.00M
YoY Change -95.11% 1173.8% -133.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.802B -2.451B 2.804B
YoY Change -26.48% 13.89% -292.98%
NET CHANGE
Cash From Operating Activities 2.515B 2.338B 2.022B
Cash From Investing Activities -259.0M -5.299B 90.00M
Cash From Financing Activities -1.802B -2.451B 2.804B
Net Change In Cash 454.0M -5.412B 4.916B
YoY Change -108.39% 1645.81% 1078.9%
FREE CASH FLOW
Cash From Operating Activities $2.515B $2.338B $2.022B
Capital Expenditures -$422.0M -$538.0M -$349.0M
Free Cash Flow $2.937B $2.876B $2.371B
YoY Change 2.12% 3.12% -5.76%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2353000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4634000000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2353000000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2853000000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Use of estimates:</i> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company considered the coronavirus (COVID-19) related impacts on its estimates, as appropriate, within its consolidated financial statements and there may be changes to those estimates in future periods. 3M believes that the accounting estimates are appropriate after giving consideration to the increased uncertainties surrounding the severity and duration of the COVID-19 pandemic. Such estimates and assumptions are subject to inherent uncertainties which may result in actual amounts differing from these estimates.</p>
CY2020Q4 us-gaap Asset Retirement Obligation
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145000000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
137000000
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2020 mmm Long Term Customer Receivables Origination Term Maximum
LongTermCustomerReceivablesOriginationTermMaximum
P5Y
CY2020 us-gaap Advertising Expense
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278000000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
348000000
CY2018 us-gaap Advertising Expense
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396000000
CY2020 mmm Research Development And Related Expenses
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1878000000
CY2019 mmm Research Development And Related Expenses
ResearchDevelopmentAndRelatedExpenses
1911000000
CY2018 mmm Research Development And Related Expenses
ResearchDevelopmentAndRelatedExpenses
1821000000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1146000000
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1253000000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1253000000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
135000000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
158000000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18100000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8900000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2900000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
5384000000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
4570000000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
5349000000
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577600000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
577000000.0
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WeightedAverageNumberOfSharesOutstandingBasic
588500000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4600000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8100000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13500000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
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WeightedAverageNumberOfDilutedSharesOutstanding
582200000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
585100000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
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GoodwillForeignCurrencyTranslationGainLoss
-27000000
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PaymentsToAcquireBusinessesNetOfCashAcquired
4984000000
CY2019Q4 us-gaap Goodwill
Goodwill
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FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsGross
8261000000
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BusinessCombinationContingentConsiderationLiability
25000000
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GoodwillPurchaseAccountingAdjustments
-34000000
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GoodwillWrittenOffRelatedToSaleOfBusinessUnit
29000000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
3036000000
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5009000000
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EarningsPerShareBasic
9.32
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EarningsPerShareBasic
7.92
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EarningsPerShareBasic
9.09
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EarningsPerShareDiluted
9.25
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EarningsPerShareDiluted
7.81
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EarningsPerShareDiluted
8.89
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2520000000
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FiniteLivedIntangibleAssetsNet
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Credit risk:</i> The Company is exposed to credit loss in the event of nonperformance by counterparties in interest rate swaps, currency swaps, and forward and option contracts. However, the Company’s risk is limited to the fair value of the instruments. The Company actively monitors its exposure to credit risk through the use of credit approvals and credit limits, and by selecting major international banks and financial institutions as counterparties. 3M enters into master netting arrangements with counterparties when possible to mitigate credit risk in derivative transactions. A master netting arrangement may allow each counterparty to net settle amounts owed between a 3M entity and the counterparty as a result of multiple, separate derivative transactions. The Company does not anticipate nonperformance by any of these counterparties. 3M has elected to present the fair value of derivative assets and liabilities within the Company’s consolidated balance sheet on a gross basis even when derivative transactions are subject to master netting arrangements and may otherwise qualify for net presentation.</p>
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
4081000000.000
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GoodwillForeignCurrencyTranslationGainLoss
421000000
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FiniteLivedIntangibleAssetsNet
5741000000
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IndefiniteLivedTradeNames
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SoftwareLicenseContractTerm
P1Y
CY2020 mmm Software License Contract Term
SoftwareLicenseContractTerm
P1Y
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OperatingLeaseLeaseIncome
586000000
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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155000000
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
131000000
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BusinessAcquisitionPurchasePriceAllocationAccountsPayableAndOtherLiabilities
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312000000
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0
CY2019Q4 mmm Business Acquisition Purchase Price Allocation Goodwill Amount1
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3500000000
CY2019Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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CY2020Q4 us-gaap Goodwill Impairment Loss
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CurrentForeignTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
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CY2020Q4 mmm Deferred Tax Assets Deferred Expense Product And Other Claims
DeferredTaxAssetsDeferredExpenseProductAndOtherClaims
338000000
CY2019Q4 mmm Deferred Tax Assets Deferred Expense Product And Other Claims
DeferredTaxAssetsDeferredExpenseProductAndOtherClaims
280000000
CY2020Q4 mmm Deferred Tax Assets Deferred Expense Miscellaneous Accruals
DeferredTaxAssetsDeferredExpenseMiscellaneousAccruals
153000000
CY2019Q4 mmm Deferred Tax Assets Deferred Expense Miscellaneous Accruals
DeferredTaxAssetsDeferredExpenseMiscellaneousAccruals
119000000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
231000000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
218000000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
100000000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
66000000
CY2020Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
90000000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
54000000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
70000000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
112000000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
113000000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2307000000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2009000000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
135000000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
158000000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2172000000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1851000000
CY2020Q4 mmm Deferred Tax Liabilities Product And Other Insurance Receivables
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4000000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
607000000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
580000000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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1023000000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1021000000
CY2019Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
30000000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1634000000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
538000000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
220000000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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135000000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002
CY2020 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Global Intangible Low Taxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017GlobalIntangibleLowTaxedIncomePercent
0.008
CY2019 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Global Intangible Low Taxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017GlobalIntangibleLowTaxedIncomePercent
0.018
CY2018 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Global Intangible Low Taxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017GlobalIntangibleLowTaxedIncomePercent
0.011
CY2020 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017ForeignDerivedIntangibleIncomePercent
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CY2019 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017ForeignDerivedIntangibleIncomePercent
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CY2018 mmm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017ForeignDerivedIntangibleIncomePercent
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
0.025
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.234
CY2020 mmm Effective Income Tax Rate Change From Prior Reporting Period To Current Reporting Period
EffectiveIncomeTaxRateChangeFromPriorReportingPeriodToCurrentReportingPeriod
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2019 mmm Effective Income Tax Rate Change From Prior Reporting Period To Current Reporting Period
EffectiveIncomeTaxRateChangeFromPriorReportingPeriodToCurrentReportingPeriod
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CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Measurement Period Adjustment Income Tax Expense Benefit
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176000000
CY2018 mmm Tax Cuts And Jobs Act Transition Tax Period For Payment
TaxCutsAndJobsActTransitionTaxPeriodForPayment
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CY2020Q4 mmm Tax Cuts And Jobs Act Of2017 Accrued Income Taxes Noncurrent
TaxCutsAndJobsActOf2017AccruedIncomeTaxesNoncurrent
584000000
CY2019Q4 mmm Tax Cuts And Jobs Act Of2017 Accrued Income Taxes Noncurrent
TaxCutsAndJobsActOf2017AccruedIncomeTaxesNoncurrent
653000000
CY2020Q4 mmm Tax Cuts And Jobs Act Of2017 Accrued Income Taxes Current
TaxCutsAndJobsActOf2017AccruedIncomeTaxesCurrent
69000000
CY2019Q4 mmm Tax Cuts And Jobs Act Of2017 Accrued Income Taxes Current
TaxCutsAndJobsActOf2017AccruedIncomeTaxesCurrent
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
530000000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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IncomeTaxHolidayIncomeTaxBenefitsPerShare
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CY2019 us-gaap Income Tax Holiday Aggregate Dollar Amount
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IncomeTaxHolidayIncomeTaxBenefitsPerShare
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IncomeTaxHolidayIncomeTaxBenefitsPerShare
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CY2020Q4 mmm Undistributed Earnings Of Foreign Subsidiaries Prior
UndistributedEarningsOfForeignSubsidiariesPrior
15000000000
CY2020Q3 mmm Reinvested Earnings Of Foreign Subsidiaries Potentially Repatriated
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CY2020Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2019Q4 us-gaap Marketable Securities Current
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30000000
CY2019Q4 us-gaap Marketable Securities Noncurrent
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CY2020Q4 us-gaap Marketable Securities
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CY2019Q4 us-gaap Marketable Securities
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CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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CY2020Q4 us-gaap Marketable Securities
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CY2020Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Debt Current
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CY2019Q4 us-gaap Debt Current
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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CY2020Q4 us-gaap Long Term Debt
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CY2020Q4 mmm Floating Rate Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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53000000
CY2020Q4 us-gaap Debt Instrument Repurchased Face Amount
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CY2020Q4 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Long Term Debt
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CY2019 us-gaap Extinguishment Of Debt Amount
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CY2018Q4 us-gaap Extinguishment Of Debt Amount
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500000000
CY2018Q3 us-gaap Extinguishment Of Debt Amount
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
106000000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
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142000000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
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20000000
CY2020 mmm Master Netting Agreement Supported By Primary Counterpartys Parent Guarantee Number
MasterNettingAgreementSupportedByPrimaryCounterpartysParentGuaranteeNumber
17
CY2020 mmm Credit Support Agreement By Primary Counterpartys Parent Number
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
128000000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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ForeignCurrencyTransactionGainLossBeforeTax
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CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
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CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
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CY2020 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2019 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2018 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
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CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
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CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
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CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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CY2019 us-gaap Variable Lease Cost
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CY2020 us-gaap Lease Cost
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CY2019 us-gaap Lease Cost
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Operating Lease Liability Current
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247000000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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607000000
CY2020Q4 us-gaap Operating Lease Liability
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CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
854000000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
22000000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
21000000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
93000000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
115000000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
132000000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.038
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
326000000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
309000000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
58000000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
18000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
250000000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
326000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
18000000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
61000000
CY2019 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
82000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
20000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
273000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
18000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
201000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
18000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
141000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
16000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
93000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
60000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
41000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
162000000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
123000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
930000000
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8000000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
65000000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
115000000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
865000000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
22000000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
256000000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
93000000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
609000000
CY2020Q4 mmm Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
18000000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
393000000
CY2020Q4 mmm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Restricted Stock And Restricted Stock Units Number Of Participants
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsRestrictedStockAndRestrictedStockUnitsNumberOfParticipants
8000
CY2020 mmm Share Based Compensation Arrangement By Share Based Payment Award Expense Recognition Eligible For Retirement Age
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpenseRecognitionEligibleForRetirementAge
55
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P10Y
CY2020 mmm Share Based Compensation Arrangement By Share Based Payment Award Expense Portion Attributable To Retiree Eligible Population Percent
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpensePortionAttributableToRetireeEligiblePopulationPercent
0.35
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
262000000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
278000000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
302000000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
82000000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
141000000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
154000000
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
180000000
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
137000000
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
148000000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
157.24
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
201.12
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
233.63
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.026
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.027
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.027
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.025
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.197
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.204
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.210
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P78M
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P79M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P78M
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
34.19
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
41.59
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2020 us-gaap Revenues
Revenues
32184000000
CY2019 us-gaap Revenues
Revenues
32136000000
CY2018 us-gaap Revenues
Revenues
32765000000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
7161000000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
6174000000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
7207000000
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-450000000
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-462000000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-207000000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6711000000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5712000000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7000000000
CY2020Q4 us-gaap Assets
Assets
47344000000
CY2019Q4 us-gaap Assets
Assets
44659000000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1911000000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1501000000
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1593000000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1488000000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1699000000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1577000000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9421000000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9333000000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8075000000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7176000000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8350000000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8583000000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32184000000
CY2020Q1 us-gaap Cost Of Revenue
CostOfRevenue
4109000000
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
3805000000
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
4303000000
CY2020Q4 us-gaap Cost Of Revenue
CostOfRevenue
4388000000
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
16605000000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
1294000000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
1287000000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
1417000000
CY2020Q4 us-gaap Profit Loss
ProfitLoss
1390000000
CY2020 us-gaap Profit Loss
ProfitLoss
5388000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1292000000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1290000000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
1413000000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1389000000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
5384000000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.24
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.24
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.32
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.38
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.25
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8171000000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7991000000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7863000000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8111000000
CY2020Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
46000000
CY2020Q2 mmm Impact On Diluted Earnings Per Share Related To Restructuring Actions
ImpactOnDilutedEarningsPerShareRelatedToRestructuringActions
0.08
CY2019 mmm Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits
NetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits
-590000000
CY2019 mmm Impact On Diluted Earnings Per Share Related To Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits
ImpactOnDilutedEarningsPerShareRelatedToNetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits
-1.01
CY2019Q1 mmm Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits1
NetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits1
-424000000
CY2019Q1 mmm Impact On Diluted Earnings Per Share Related To Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits1
ImpactOnDilutedEarningsPerShareRelatedToNetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits1
-0.72
CY2019Q4 mmm Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits2
NetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits2
-166000000
CY2019Q4 mmm Impact On Diluted Earnings Per Share Related To Net Income Adjustment From Historical Pfs Manufacturing Operations And Coal Mine Dust Respirator Mask Lawsuits2
ImpactOnDilutedEarningsPerShareRelatedToNetIncomeAdjustmentFromHistoricalPFSManufacturingOperationsAndCoalMineDustRespiratorMaskLawsuits2
-0.29
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32136000000
CY2019Q1 us-gaap Cost Of Revenue
CostOfRevenue
4310000000
CY2019Q2 us-gaap Cost Of Revenue
CostOfRevenue
4313000000
CY2019Q3 us-gaap Cost Of Revenue
CostOfRevenue
4188000000
CY2019Q4 us-gaap Cost Of Revenue
CostOfRevenue
4325000000
CY2019 us-gaap Cost Of Revenue
CostOfRevenue
17136000000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
893000000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
1131000000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
1588000000
CY2019Q4 us-gaap Profit Loss
ProfitLoss
970000000
CY2019 us-gaap Profit Loss
ProfitLoss
4582000000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
891000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1127000000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1583000000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
969000000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
4570000000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.95
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.75
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.68
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.92
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.92
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.72
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.66
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.81
CY2020Q1 mmm Litigation Charges Related To Certain Perfluorinated Compound Matters
LitigationChargesRelatedToCertainPerfluorinatedCompoundMatters
17000000
CY2020Q1 mmm Litigation Charges Related To Certain Perfluorinated Compound Matters Net
LitigationChargesRelatedToCertainPerfluorinatedCompoundMattersNet
13000000
CY2020Q1 mmm Tax Expense Reduction From Resolution Of Natural Resources Damages Lawsuit
TaxExpenseReductionFromResolutionOfNaturalResourcesDamagesLawsuit
52000000
CY2020Q1 mmm After Tax Benefit From Resolution Of Litigation
AfterTaxBenefitFromResolutionOfLitigation
39000000
CY2020Q1 mmm Impact On Diluted Earnings Per Share Related To Resolution Of Litigation
ImpactOnDilutedEarningsPerShareRelatedToResolutionOfLitigation
0.07
CY2020Q2 mmm Disposal Group Not Discontinued Operation Gain Loss On Disposal After Tax
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAfterTax
303000000
CY2020Q2 mmm Impact On Diluted Earnings Per Share Related To Disposal Group Not Discontinued Operation Gain Loss On Disposal After Tax
ImpactOnDilutedEarningsPerShareRelatedToDisposalGroupNotDiscontinuedOperationGainLossOnDisposalAfterTax
0.52
CY2019 mmm Disposal Group Not Discontinued Operation Gain Loss On Disposal After Tax
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAfterTax
129000000
CY2019 mmm Impact On Diluted Earnings Per Share Related To Disposal Group Not Discontinued Operation Gain Loss On Disposal After Tax
ImpactOnDilutedEarningsPerShareRelatedToDisposalGroupNotDiscontinuedOperationGainLossOnDisposalAfterTax
0.22
CY2019Q2 mmm Net Income Adjustment Related To Deconsolidation Of Venezuelan Subsidiary
NetIncomeAdjustmentRelatedToDeconsolidationOfVenezuelanSubsidiary
-162000000
CY2019Q2 mmm Impact On Diluted Earnings Per Share Related To Deconsolidation Of Venezuelan Subsidiary
ImpactOnDilutedEarningsPerShareRelatedToDeconsolidationOfVenezuelanSubsidiary
-0.28

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