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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statement of Income        
Net sales $ 8,950 $ 7,176 $ 17,801 $ 15,251
Operating expenses        
Cost of sales 4,719 3,805 9,244 7,914
Selling, general and administrative expenses 1,746 1,594 3,554 3,362
Research, development and related expenses 514 424 1,038 961
Gain on sale of businesses   (387)   (389)
Total operating expenses 6,979 5,436 13,836 11,848
Operating income 1,971 1,740 3,965 3,403
Other expense (income), net 33 90 82 165
Income before income taxes 1,938 1,650 3,883 3,238
Provision for income taxes 415 347 734 625
Income of consolidated group 1,523 1,303 3,149 2,613
Income (loss) from unconsolidated subsidiaries, net of taxes 2   3  
Net income including noncontrolling interest 1,525 1,303 3,152 2,613
Less: Net income (loss) attributable to noncontrolling interest 1 (3) 4 (1)
Net income attributable to 3M $ 1,524 $ 1,306 $ 3,148 $ 2,614
Weighted average 3M common shares outstanding - basic (in shares) 581.0 577.0 580.7 576.9
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 2.62 $ 2.26 $ 5.42 $ 4.53
Weighted average 3M common shares outstanding - diluted (in shares) 588.6 580.8 587.4 581.2
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 2.59 $ 2.25 $ 5.36 $ 4.50