XML 62 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net sales $ 29,904 $ 29,611 $ 26,662
Operating expenses      
Cost of sales 15,685 15,693 13,831
Selling, general and administrative expenses 6,102 6,170 5,479
Research, development and related expenses 1,634 1,570 1,434
Total operating expenses 23,421 23,433 20,744
Operating income 6,483 6,178 5,918
Interest expense and income      
Interest expense 171 186 201
Interest income (39) (39) (38)
Total interest expense - net 132 147 163
Income before income taxes 6,351 6,031 5,755
Provision for income taxes 1,840 1,674 1,592
Net income including noncontrolling interest 4,511 4,357 4,163
Less: Net income attributable to noncontrolling interest 67 74 78
Net income attributable to 3M $ 4,444 $ 4,283 $ 4,085
Weighted average 3M common shares outstanding - basic (in shares) 693.9 708.5 713.7
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 6.40 $ 6.05 $ 5.72
Weighted average 3M common shares outstanding - diluted (in shares) 703.3 719.0 725.5
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 6.32 $ 5.96 $ 5.63
Cash dividends paid per 3M common share (in dollars per share) $ 2.36 $ 2.20 $ 2.10