XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Consolidated Statement of Income        
Net sales $ 7,662 $ 7,686 $ 15,071 $ 15,264
Operating expenses        
Cost of sales 3,799 3,858 7,477 7,679
Selling, general and administrative expenses 1,560 1,550 3,053 3,114
Research, development and related expenses 437 438 887 901
Total operating expenses 5,796 5,846 11,417 11,694
Operating income 1,866 1,840 3,654 3,570
Interest expense and income        
Interest expense 38 35 85 66
Interest income (7) (7) (12) (11)
Total interest expense - net 31 28 73 55
Income before income taxes 1,835 1,812 3,581 3,515
Provision for income taxes 542 509 1,010 1,011
Net income including noncontrolling interest 1,293 1,303 2,571 2,504
Less: Net income attributable to noncontrolling interest 2 3 5 5
Net income attributable to 3M $ 1,291 $ 1,300 $ 2,566 $ 2,499
Weighted average 3M common shares outstanding - basic (in shares) 606.9 631.3 607.2 633.8
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.13 $ 2.06 $ 4.23 $ 3.94
Weighted average 3M common shares outstanding - diluted (in shares) 620.9 643.0 621.1 646.1
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.08 $ 2.02 $ 4.13 $ 3.87
Cash dividends paid per 3M common share (in dollars per share) $ 1.11 $ 1.025 $ 2.22 $ 2.05