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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 7,534 $ 7,680 $ 15,020 $ 14,991
Operating expenses        
Cost of sales 3,870 4,040 7,759 7,842
Selling, general and administrative expenses 1,528 1,581 3,080 3,114
Research, development and related expenses 408 404 819 802
Total operating expenses 5,806 6,025 11,658 11,758
Operating income 1,728 1,655 3,362 3,233
Interest expense and income        
Interest expense 43 50 83 93
Interest income (10) (9) (19) (19)
Total interest expense - net 33 41 64 74
Income before income taxes 1,695 1,614 3,298 3,159
Provision for income taxes 509 437 971 879
Net income including noncontrolling interest 1,186 1,177 2,327 2,280
Less: Net income attributable to noncontrolling interest 19 17 35 39
Net income attributable to 3M $ 1,167 $ 1,160 $ 2,292 $ 2,241
Weighted average 3M common shares outstanding - basic (in shares) 694.3 713.4 695.5 712.5
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.68 $ 1.63 $ 3.30 $ 3.15
Weighted average 3M common shares outstanding - diluted (in shares) 702.6 726.5 704.4 726.4
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.66 $ 1.60 $ 3.25 $ 3.09
Cash dividends paid per 3M common share (in dollars per share) $ 0.59 $ 0.55 $ 1.18 $ 1.10