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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Consolidated Statement of Income        
Net sales $ 8,152 $ 8,172 $ 24,820 $ 23,667
Operating expenses        
Cost of sales 4,159 4,059 12,622 11,961
Selling, general and administrative expenses 1,547 1,637 5,920 4,871
Research, development and related expenses 430 468 1,384 1,422
Gain on sale of businesses     (530) (490)
Total operating expenses 6,136 6,164 19,396 17,764
Operating income 2,016 2,008 5,424 5,903
Interest expense and income        
Other expense (income), net 51 11 144 27
Income before income taxes 1,965 1,997 5,280 5,876
Provision for income taxes 419 564 1,266 1,532
Net income including noncontrolling interest 1,546 1,433 4,014 4,344
Less: Net income attributable to noncontrolling interest 3 4 12 9
Net income attributable to 3M $ 1,543 $ 1,429 $ 4,002 $ 4,335
Weighted average 3M common shares outstanding - basic (in shares) 585.6 597.6 591.1 597.9
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.64 $ 2.39 $ 6.77 $ 7.25
Weighted average 3M common shares outstanding - diluted (in shares) 598.4 612.7 605.1 612.5
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.58 $ 2.33 $ 6.61 $ 7.08
Cash dividends paid per 3M common share (in dollars per share) $ 1.36 $ 1.175 $ 4.08 $ 3.525