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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 8,137 $ 7,916 $ 24,102 $ 23,302
Operating expenses        
Cost of sales 4,205 4,148 12,420 12,130
Selling, general and administrative expenses 1,597 1,609 4,875 4,808
Research, development and related expenses 434 420 1,334 1,277
Total operating expenses 6,236 6,177 18,629 18,215
Operating income 1,901 1,739 5,473 5,087
Interest expense and income        
Interest expense 28 33 110 113
Interest income (7) (10) (25) (30)
Total interest expense - net 21 23 85 83
Income before income taxes 1,880 1,716 5,388 5,004
Provision for income taxes 569 471 1,569 1,399
Net income including noncontrolling interest 1,311 1,245 3,819 3,605
Less: Net income attributable to noncontrolling interest 8 15 42 49
Net income attributable to 3M $ 1,303 $ 1,230 $ 3,777 $ 3,556
Weighted average 3M common shares outstanding - basic (in shares) 645.3 679.8 652.9 686.4
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.02 $ 1.81 $ 5.78 $ 5.18
Weighted average 3M common shares outstanding - diluted (in shares) 657.9 691.8 665.7 697.7
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.98 $ 1.78 $ 5.67 $ 5.10
Cash dividends paid per 3M common share (in dollars per share) $ 0.855 $ 0.635 $ 2.565 $ 1.905