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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 7,680 $ 6,731 $ 14,991 $ 13,079
Operating expenses        
Cost of sales 4,040 3,435 7,842 6,673
Selling, general and administrative expenses 1,581 1,350 3,114 2,673
Research, development and related expenses 404 350 802 692
Total operating expenses 6,025 5,135 11,758 10,038
Operating income 1,655 1,596 3,233 3,041
Interest expense and income        
Interest expense 50 52 93 100
Interest income (9) (10) (19) (16)
Total interest expense (income) 41 42 74 84
Income before income taxes 1,614 1,554 3,159 2,957
Provision for income taxes 437 414 879 862
Net income including noncontrolling interest 1,177 1,140 2,280 2,095
Less: Net income attributable to noncontrolling interest 17 19 39 44
Net income attributable to 3M $ 1,160 $ 1,121 $ 2,241 $ 2,051
Weighted average 3M common shares outstanding - basic (in shares) 713.4 714.5 712.5 713.1
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.63 $ 1.57 $ 3.15 $ 2.88
Weighted average 3M common shares outstanding - diluted (in shares) 726.5 725.7 726.4 724.6
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.60 $ 1.54 $ 3.09 $ 2.83
Cash dividends paid per 3M common share (in dollars per share) $ 0.55 $ 0.525 $ 1.10 $ 1.05