XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Consolidated Statement of Income        
Net sales $ 7,709 $ 7,712 $ 22,780 $ 22,976
Operating expenses        
Cost of sales 3,847 3,877 11,324 11,556
Selling, general and administrative expenses 1,531 1,530 4,584 4,644
Research, development and related expenses 427 429 1,314 1,330
Total operating expenses 5,805 5,836 17,222 17,530
Operating income 1,904 1,876 5,558 5,446
Interest expense and income        
Interest expense 50 38 135 104
Interest income (8) (7) (20) (18)
Total interest expense - net 42 31 115 86
Income before income taxes 1,862 1,845 5,443 5,360
Provision for income taxes 531 547 1,541 1,558
Net income including noncontrolling interest 1,331 1,298 3,902 3,802
Less: Net income attributable to noncontrolling interest 2 2 7 7
Net income attributable to 3M $ 1,329 $ 1,296 $ 3,895 $ 3,795
Weighted average 3M common shares outstanding - basic (in shares) 604.4 620.6 606.2 629.4
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.20 $ 2.09 $ 6.43 $ 6.03
Weighted average 3M common shares outstanding - diluted (in shares) 618.8 631.2 620.3 641.2
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.15 $ 2.05 $ 6.28 $ 5.92
Cash dividends paid per 3M common share (in dollars per share) $ 1.11 $ 1.025 $ 3.33 $ 3.075