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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 29,611 $ 26,662 $ 23,123
Operating expenses      
Cost of sales 15,693 13,831 12,109
Selling, general and administrative expenses 6,170 5,479 4,907
Research, development and related expenses 1,570 1,434 1,293
Total operating expenses 23,433 20,744 18,309
Operating income 6,178 5,918 4,814
Interest expense and income      
Interest expense 186 201 219
Interest income (39) (38) (37)
Total interest expense - net 147 163 182
Income before income taxes 6,031 5,755 4,632
Provision for income taxes 1,674 1,592 1,388
Net income including noncontrolling interest 4,357 4,163 3,244
Less: Net income attributable to noncontrolling interest 74 78 51
Net income attributable to 3M $ 4,283 $ 4,085 $ 3,193
Weighted average 3M common shares outstanding - basic (in shares) 708.5 713.7 700.5
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 6.05 $ 5.72 $ 4.56
Weighted average 3M common shares outstanding - diluted (in shares) 719.0 725.5 706.7
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 5.96 $ 5.63 $ 4.52
Cash dividends paid per 3M common share (in dollars per share) $ 2.20 $ 2.10 $ 2.04