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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Consolidated Statement of Income        
Net sales $ 7,712 $ 8,137 $ 22,976 $ 24,102
Operating expenses        
Cost of sales 3,877 4,205 11,556 12,420
Selling, general and administrative expenses 1,530 1,597 4,644 4,875
Research, development and related expenses 429 434 1,330 1,334
Total operating expenses 5,836 6,236 17,530 18,629
Operating income 1,876 1,901 5,446 5,473
Interest expense and income        
Interest expense 38 28 104 110
Interest income (7) (7) (18) (25)
Total interest expense - net 31 21 86 85
Income before income taxes 1,845 1,880 5,360 5,388
Provision for income taxes 547 569 1,558 1,569
Net income including noncontrolling interest 1,298 1,311 3,802 3,819
Less: Net income attributable to noncontrolling interest 2 8 7 42
Net income attributable to 3M $ 1,296 $ 1,303 $ 3,795 $ 3,777
Weighted average 3M common shares outstanding - basic (in shares) 620.6 645.3 629.4 652.9
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.09 $ 2.02 $ 6.03 $ 5.78
Weighted average 3M common shares outstanding - diluted (in shares) 631.2 657.9 641.2 665.7
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.05 $ 1.98 $ 5.92 $ 5.67
Cash dividends paid per 3M common share (in dollars per share) $ 1.025 $ 0.855 $ 3.075 $ 2.565