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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statement of Income        
Net sales $ 7,991 $ 8,152 $ 24,025 $ 24,820
Operating expenses        
Cost of sales 4,188 4,159 12,811 12,622
Selling, general and administrative expenses 1,455 1,547 5,089 5,920
Research, development and related expenses 443 430 1,390 1,384
Gain on sale of businesses (106)   (114) (530)
Total operating expenses 5,980 6,136 19,176 19,396
Operating income 2,011 2,016 4,849 5,424
Interest expense and income        
Other expense (income), net 45 51 349 144
Income before income taxes 1,966 1,965 4,500 5,280
Provision for income taxes 378 419 888 1,266
Net income including noncontrolling interest 1,588 1,546 3,612 4,014
Less: Net income attributable to noncontrolling interest 5 3 11 12
Net income attributable to 3M $ 1,583 $ 1,543 $ 3,601 $ 4,002
Weighted average 3M common shares outstanding - basic (in shares) 576.5 585.6 577.2 591.1
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.75 $ 2.64 $ 6.24 $ 6.77
Weighted average 3M common shares outstanding - diluted (in shares) 583.0 598.4 585.9 605.1
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.72 $ 2.58 $ 6.15 $ 6.61