Quarterly Data (Unaudited) |
NOTE 17. Quarterly Data (Unaudited) | | | | | | | | | | | | | | | | | (Millions, except per-share amounts) | | First | | Second | | Third | | Fourth | | Year | 2012 | | Quarter | | Quarter | | Quarter | | Quarter | | 2012 | Net sales | | $ | 7,486 | | $ | 7,534 | | $ | 7,497 | | $ | 7,387 | | $ | 29,904 | Cost of sales | | | 3,889 | | | 3,870 | | | 3,935 | | | 3,991 | | | 15,685 | Net income including noncontrolling interest | | | 1,141 | | | 1,186 | | | 1,180 | | | 1,004 | | | 4,511 | Net income attributable to 3M | | | 1,125 | | | 1,167 | | | 1,161 | | | 991 | | | 4,444 | Earnings per share attributable to 3M | | | | | | | | | | | | | | | | | common shareholders - basic | | | 1.61 | | | 1.68 | | | 1.68 | | | 1.43 | | | 6.40 | Earnings per share attributable to 3M | | | | | | | | | | | | | | | | | common shareholders - diluted | | | 1.59 | | | 1.66 | | | 1.65 | | | 1.41 | | | 6.32 | | | | | | | | | | | | | | | | | | (Millions, except per-share amounts) | | First | | Second | | Third | | Fourth | | Year | 2011 | | Quarter | | Quarter | | Quarter | | Quarter | | 2011 | Net sales | | $ | 7,311 | | $ | 7,680 | | $ | 7,531 | | $ | 7,089 | | $ | 29,611 | Cost of sales | | | 3,802 | | | 4,040 | | | 4,027 | | | 3,824 | | | 15,693 | Net income including noncontrolling interest | | | 1,103 | | | 1,177 | | | 1,103 | | | 974 | | | 4,357 | Net income attributable to 3M | | | 1,081 | | | 1,160 | | | 1,088 | | | 954 | | | 4,283 | Earnings per share attributable to 3M | | | | | | | | | | | | | | | | | common shareholders - basic | | | 1.52 | | | 1.63 | | | 1.54 | | | 1.36 | | | 6.05 | Earnings per share attributable to 3M | | | | | | | | | | | | | | | | | common shareholders - diluted | | | 1.49 | | | 1.60 | | | 1.52 | | | 1.35 | | | 5.96 |
Gross profit is calculated as net sales minus cost of sales. |