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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Net sales $ 26,662 $ 23,123 $ 25,269
Operating expenses      
Cost of sales 13,831 12,109 13,379
Selling, general and administrative expenses 5,479 4,907 5,245
Research, development and related expenses 1,434 1,293 1,404
Loss from sale of businesses     23
Total operating expenses 20,744 18,309 20,051
Operating income 5,918 4,814 5,218
Interest expense and income      
Interest expense 201 219 215
Interest income (38) (37) (105)
Total interest expense (income) 163 182 110
Income before income taxes 5,755 4,632 5,108
Provision for income taxes 1,592 1,388 1,588
Net income including noncontrolling interest 4,163 3,244 3,520
Less: Net income attributable to noncontrolling interest 78 51 60
Net income attributable to 3M $ 4,085 $ 3,193 $ 3,460
Weighted average 3M common shares outstanding - basic (in shares) 713.7 700.5 699.2
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 5.72 $ 4.56 $ 4.95
Weighted average 3M common shares outstanding - diluted (in shares) 725.5 706.7 707.2
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 5.63 $ 4.52 $ 4.89
Cash dividends paid per 3M common share (in dollars per share) $ 2.10 $ 2.04 $ 2.00