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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 7,752 $ 7,534 $ 15,386 $ 15,020
Operating expenses        
Cost of sales 4,013 3,870 7,982 7,759
Selling, general and administrative expenses 1,610 1,528 3,199 3,080
Research, development and related expenses 427 408 857 819
Total operating expenses 6,050 5,806 12,038 11,658
Operating income 1,702 1,728 3,348 3,362
Interest expense and income        
Interest expense 41 43 80 83
Interest income (10) (10) (20) (19)
Total interest expense - net 31 33 60 64
Income before income taxes 1,671 1,695 3,288 3,298
Provision for income taxes 458 509 928 971
Net income including noncontrolling interest 1,213 1,186 2,360 2,327
Less: Net income attributable to noncontrolling interest 16 19 34 35
Net income attributable to 3M $ 1,197 $ 1,167 $ 2,326 $ 2,292
Weighted average 3M common shares outstanding - basic (in shares) 688.2 694.3 689.6 695.5
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.74 $ 1.68 $ 3.37 $ 3.30
Weighted average 3M common shares outstanding - diluted (in shares) 699.1 702.6 700.6 704.4
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.71 $ 1.66 $ 3.32 $ 3.25
Cash dividends paid per 3M common share (in dollars per share) $ 0.635 $ 0.59 $ 1.27 $ 1.18