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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 8,134 $ 7,752 $ 15,965 $ 15,386
Operating expenses        
Cost of sales 4,184 4,013 8,215 7,982
Selling, general and administrative expenses 1,646 1,610 3,278 3,199
Research, development and related expenses 448 427 900 857
Total operating expenses 6,278 6,050 12,393 12,038
Operating income 1,856 1,702 3,572 3,348
Interest expense and income        
Interest expense 45 41 82 80
Interest income (9) (10) (18) (20)
Total interest expense - net 36 31 64 60
Income before income taxes 1,820 1,671 3,508 3,288
Provision for income taxes 537 458 1,000 928
Net income including noncontrolling interest 1,283 1,213 2,508 2,360
Less: Net income attributable to noncontrolling interest 16 16 34 34
Net income attributable to 3M $ 1,267 $ 1,197 $ 2,474 $ 2,326
Weighted average 3M common shares outstanding - basic (in shares) 652.0 688.2 656.7 689.6
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.94 $ 1.74 $ 3.77 $ 3.37
Weighted average 3M common shares outstanding - diluted (in shares) 664.6 699.1 669.6 700.6
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.91 $ 1.71 $ 3.70 $ 3.32
Cash dividends paid per 3M common share (in dollars per share) $ 0.855 $ 0.635 $ 1.71 $ 1.27