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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 7,686 $ 8,134 $ 15,264 $ 15,965
Operating expenses        
Cost of sales 3,858 4,184 7,679 8,215
Selling, general and administrative expenses 1,550 1,646 3,114 3,278
Research, development and related expenses 438 448 901 900
Total operating expenses 5,846 6,278 11,694 12,393
Operating income 1,840 1,856 3,570 3,572
Interest expense and income        
Interest expense 35 45 66 82
Interest income (7) (9) (11) (18)
Total interest expense - net 28 36 55 64
Income before income taxes 1,812 1,820 3,515 3,508
Provision for income taxes 509 537 1,011 1,000
Net income including noncontrolling interest 1,303 1,283 2,504 2,508
Less: Net income attributable to noncontrolling interest 3 16 5 34
Net income attributable to 3M $ 1,300 $ 1,267 $ 2,499 $ 2,474
Weighted average 3M common shares outstanding - basic (in shares) 631.3 652.0 633.8 656.7
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.06 $ 1.94 $ 3.94 $ 3.77
Weighted average 3M common shares outstanding - diluted (in shares) 643.0 664.6 646.1 669.6
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.02 $ 1.91 $ 3.87 $ 3.70
Cash dividends paid per 3M common share (in dollars per share) $ 1.025 $ 0.855 $ 2.05 $ 1.71