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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Consolidated Statement of Income        
Net sales $ 8,390 $ 7,810 $ 16,668 $ 15,495
Operating expenses        
Cost of sales 4,227 4,020 8,463 7,902
Selling, general and administrative expenses 1,800 1,620 4,373 3,234
Research, development and related expenses 468 478 954 954
Gain on sale of businesses (506) (461) (530) (490)
Total operating expenses 5,989 5,657 13,260 11,600
Operating income 2,401 2,153 3,408 3,895
Interest expense and income        
Other expense (income), net 51 11 93 16
Income before income taxes 2,350 2,142 3,315 3,879
Provision for income taxes 488 557 847 968
Net income including noncontrolling interest 1,862 1,585 2,468 2,911
Less: Net income attributable to noncontrolling interest 5 2 9 5
Net income attributable to 3M $ 1,857 $ 1,583 $ 2,459 $ 2,906
Weighted average 3M common shares outstanding - basic (in shares) 591.4 598.1 593.8 598.1
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 3.14 $ 2.65 $ 4.14 $ 4.86
Weighted average 3M common shares outstanding - diluted (in shares) 604.2 612.8 608.5 612.4
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 3.07 $ 2.58 $ 4.04 $ 4.74
Cash dividends paid per 3M common share (in dollars per share) $ 1.36 $ 1.175 $ 2.72 $ 2.35