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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 7,916 $ 7,497 $ 23,302 $ 22,517
Operating expenses        
Cost of sales 4,148 3,935 12,130 11,694
Selling, general and administrative expenses 1,609 1,487 4,808 4,567
Research, development and related expenses 420 397 1,277 1,216
Total operating expenses 6,177 5,819 18,215 17,477
Operating income 1,739 1,678 5,087 5,040
Interest expense and income        
Interest expense 33 44 113 127
Interest income (10) (10) (30) (29)
Total interest expense - net 23 34 83 98
Income before income taxes 1,716 1,644 5,004 4,942
Provision for income taxes 471 464 1,399 1,435
Net income including noncontrolling interest 1,245 1,180 3,605 3,507
Less: Net income attributable to noncontrolling interest 15 19 49 54
Net income attributable to 3M $ 1,230 $ 1,161 $ 3,556 $ 3,453
Weighted average 3M common shares outstanding - basic (in shares) 679.8 693.0 686.4 694.7
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.81 $ 1.68 $ 5.18 $ 4.97
Weighted average 3M common shares outstanding - diluted (in shares) 691.8 703.1 697.7 703.9
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.78 $ 1.65 $ 5.10 $ 4.91
Cash dividends paid per 3M common share (in dollars per share) $ 0.635 $ 0.59 $ 1.905 $ 1.77