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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Consolidated Statement of Income    
Net sales $ 7,685 $ 7,409
Operating expenses    
Cost of sales 3,869 3,678
Selling, general and administrative expenses 1,571 1,493
Research, development and related expenses 471 450
Total operating expenses 5,911 5,621
Operating income 1,774 1,788
Interest expense and income    
Interest expense 45 47
Interest income (8) (5)
Total interest expense - net 37 42
Income before income taxes 1,737 1,746
Provision for income taxes 411 468
Net income including noncontrolling interest 1,326 1,278
Less: Net income attributable to noncontrolling interest 3 3
Net income attributable to 3M $ 1,323 $ 1,275
Weighted average 3M common shares outstanding - basic (in shares) 598.1 607.4
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.21 $ 2.10
Weighted average 3M common shares outstanding - diluted (in shares) 612.0 621.3
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.16 $ 2.05
Cash dividends paid per 3M common share (in dollars per share) $ 1.175 $ 1.11