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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Consolidated Statement of Income        
Net sales $ 7,176 $ 8,171 $ 15,251 $ 16,034
Operating expenses        
Cost of sales 3,805 4,313 7,914 8,623
Selling, general and administrative expenses 1,594 1,686 3,362 3,634
Research, development and related expenses 424 470 961 947
Gain on sale of businesses (387)   (389) (8)
Total operating expenses 5,436 6,469 11,848 13,196
Operating income 1,740 1,702 3,403 2,838
Interest expense and income        
Other expense (income), net 111 256 207 304
Income before income taxes 1,629 1,446 3,196 2,534
Provision for income taxes 342 315 615 510
Net income including noncontrolling interest 1,287 1,131 2,581 2,024
Less: Net income (loss) attributable to noncontrolling interest (3) 4 (1) 6
Net income attributable to 3M $ 1,290 $ 1,127 $ 2,582 $ 2,018
Weighted average 3M common shares outstanding - basic (in shares) 577.0 577.7 576.9 577.6
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.24 $ 1.95 $ 4.48 $ 3.49
Weighted average 3M common shares outstanding - diluted (in shares) 580.8 586.1 581.2 587.3
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.22 $ 1.92 $ 4.44 $ 3.44