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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 7,497 $ 7,531 $ 22,517 $ 22,522
Operating expenses        
Cost of sales 3,935 4,027 11,694 11,869
Selling, general and administrative expenses 1,487 1,534 4,567 4,648
Research, development and related expenses 397 389 1,216 1,191
Total operating expenses 5,819 5,950 17,477 17,708
Operating income 1,678 1,581 5,040 4,814
Interest expense and income        
Interest expense 44 48 127 141
Interest income (10) (10) (29) (29)
Total interest expense - net 34 38 98 112
Income before income taxes 1,644 1,543 4,942 4,702
Provision for income taxes 464 440 1,435 1,319
Net income including noncontrolling interest 1,180 1,103 3,507 3,383
Less: Net income attributable to noncontrolling interest 19 15 54 54
Net income attributable to 3M $ 1,161 $ 1,088 $ 3,453 $ 3,329
Weighted average 3M common shares outstanding - basic (in shares) 693.0 707.7 694.7 710.9
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.68 $ 1.54 $ 4.97 $ 4.68
Weighted average 3M common shares outstanding - diluted (in shares) 703.1 715.5 703.9 722.8
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.65 $ 1.52 $ 4.91 $ 4.61
Cash dividends paid per 3M common share (in dollars per share) $ 0.59 $ 0.55 $ 1.77 $ 1.65