|
Consolidated Statement of Income (USD $) In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Net sales |
$ 7,578 |
$ 7,831 |
| Operating expenses |
|
|
| Cost of sales |
3,821 |
4,031 |
| Selling, general and administrative expenses |
1,564 |
1,632 |
| Research, development and related expenses |
463 |
452 |
| Total operating expenses |
5,848 |
6,115 |
| Operating income |
1,730 |
1,716 |
| Interest expense and income |
|
|
| Interest expense |
31 |
37 |
| Interest income |
(4) |
(9) |
| Total interest expense - net |
27 |
28 |
| Income before income taxes |
1,703 |
1,688 |
| Provision for income taxes |
502 |
463 |
| Net income including noncontrolling interest |
1,201 |
1,225 |
| Less: Net income attributable to noncontrolling interest |
2 |
18 |
| Net income attributable to 3M |
$ 1,199 |
$ 1,207 |
| Weighted average 3M common shares outstanding - basic (in shares) |
636.2 |
661.5 |
| Earnings per share attributable to 3M common shareholders - basic (in dollars per share) |
$ 1.88 |
$ 1.83 |
| Weighted average 3M common shares outstanding - diluted (in shares) |
649.2 |
674.5 |
| Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) |
$ 1.85 |
$ 1.79 |
| Cash dividends paid per 3M common share (in dollars per share) |
$ 1.025 |
$ 0.855 |