Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)

NOTE 18.  Quarterly Data (Unaudited)

(Millions, except per-share amounts)	First		Second		Third		Fourth		Year
2016	Quarter		Quarter		Quarter		Quarter		2016
Net sales	$	7,409	$	7,662	$	7,709	$	7,329	$	30,109
Cost of sales		3,678		3,799		3,847		3,716		15,040
Net income including noncontrolling interest		1,278		1,293		1,331		1,156		5,058
Net income attributable to 3M		1,275		1,291		1,329		1,155		5,050
Earnings per share attributable to 3M common shareholders - basic		2.10		2.13		2.20		1.93		8.35
Earnings per share attributable to 3M common shareholders - diluted		2.05		2.08		2.15		1.88		8.16

(Millions, except per-share amounts)	First		Second		Third		Fourth		Year
2015	Quarter		Quarter		Quarter		Quarter		2015
Net sales	$	7,578	$	7,686	$	7,712	$	7,298	$	30,274
Cost of sales		3,821		3,858		3,877		3,827		15,383
Net income including noncontrolling interest		1,201		1,303		1,298		1,039		4,841
Net income attributable to 3M		1,199		1,300		1,296		1,038		4,833
Earnings per share attributable to 3M common shareholders - basic		1.88		2.06		2.09		1.69		7.72
Earnings per share attributable to 3M common shareholders - diluted		1.85		2.02		2.05		1.66		7.58

Gross profit is calculated as net sales minus cost of sales.