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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidated Statement of Income        
Net sales $ 7,810 $ 7,662 $ 15,495 $ 15,071
Operating expenses        
Cost of sales 4,007 3,799 7,876 7,477
Selling, general and administrative expenses 1,607 1,560 3,207 3,093
Research, development and related expenses 473 437 944 887
Gain on sale of businesses (461)   (490) (40)
Total operating expenses 5,626 5,796 11,537 11,417
Operating income 2,184 1,866 3,958 3,654
Interest expense and income        
Interest expense 54 38 99 85
Interest income (12) (7) (20) (12)
Total interest expense - net 42 31 79 73
Income before income taxes 2,142 1,835 3,879 3,581
Provision for income taxes 557 542 968 1,010
Net income including noncontrolling interest 1,585 1,293 2,911 2,571
Less: Net income attributable to noncontrolling interest 2 2 5 5
Net income attributable to 3M $ 1,583 $ 1,291 $ 2,906 $ 2,566
Weighted average 3M common shares outstanding - basic (in shares) 598.1 606.9 598.1 607.2
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.65 $ 2.13 $ 4.86 $ 4.23
Weighted average 3M common shares outstanding - diluted (in shares) 612.8 620.9 612.4 621.1
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.58 $ 2.08 $ 4.74 $ 4.13
Cash dividends paid per 3M common share (in dollars per share) $ 1.175 $ 1.11 $ 2.35 $ 2.22