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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 7,531$ 6,874$ 22,522$ 19,953
Operating expenses    
Cost of sales4,0273,58311,86910,256
Selling, general and administrative expenses1,5341,3614,6484,034
Research, development and related expenses3893541,1911,046
Total operating expenses5,9505,29817,70815,336
Operating income1,5811,5764,8144,617
Interest expense and income    
Interest expense4851141151
Interest income(10)(11)(29)(27)
Total interest expense (income)3840112124
Income before income taxes1,5431,5364,7024,493
Provision for income taxes4404111,3191,273
Net income including noncontrolling interest1,1031,1253,3833,220
Less: Net income attributable to noncontrolling interest15195463
Net income attributable to 3M$ 1,088$ 1,106$ 3,329$ 3,157
Weighted average 3M common shares outstanding - basic (in shares)707.7714.0710.9713.4
Earnings per share attributable to 3M common shareholders - basic (in dollars per share)$ 1.54$ 1.55$ 4.68$ 4.42
Weighted average 3M common shares outstanding - diluted (in shares)715.5725.2722.8724.8
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share)$ 1.52$ 1.53$ 4.61$ 4.36
Cash dividends paid per 3M common share (in dollars per share)$ 0.55$ 0.525$ 1.65$ 1.575