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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 8,171 $ 8,390 $ 16,034 $ 16,668
Operating expenses        
Cost of sales 4,313 4,227 8,623 8,463
Selling, general and administrative expenses 1,686 1,800 3,634 4,373
Research, development and related expenses 470 468 947 954
Gain on sale of businesses   (506) (8) (530)
Total operating expenses 6,469 5,989 13,196 13,260
Operating income 1,702 2,401 2,838 3,408
Interest expense and income        
Other expense (income), net 256 51 304 93
Income before income taxes 1,446 2,350 2,534 3,315
Provision for income taxes 315 488 510 847
Net income including noncontrolling interest 1,131 1,862 2,024 2,468
Less: Net income attributable to noncontrolling interest 4 5 6 9
Net income attributable to 3M $ 1,127 $ 1,857 $ 2,018 $ 2,459
Weighted average 3M common shares outstanding - basic (in shares) 577.7 591.4 577.6 593.8
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 1.95 $ 3.14 $ 3.49 $ 4.14
Weighted average 3M common shares outstanding - diluted (in shares) 586.1 604.2 587.3 608.5
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 1.92 $ 3.07 $ 3.44 $ 4.04