| Impact on previously reported values after correction |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2017
|
|
Previously
|
|
|
|
|
|
|
(Millions)
|
|
Reported
|
|
Revised
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales
|
|
$
|
7,810
|
|
$
|
7,810
|
|
$
|
—
|
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
4,007
|
|
|
4,020
|
|
|
13
|
|
|
Selling, general and administrative expenses
|
|
|
1,607
|
|
|
1,620
|
|
|
13
|
|
|
Research, development and related expenses
|
|
|
473
|
|
|
478
|
|
|
5
|
|
|
Gain on sale of businesses
|
|
|
(461)
|
|
|
(461)
|
|
|
—
|
|
|
Total operating expenses
|
|
|
5,626
|
|
|
5,657
|
|
|
31
|
|
|
Operating income
|
|
$
|
2,184
|
|
$
|
2,153
|
|
$
|
(31)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expense (income), net
|
|
$
|
42
|
|
$
|
11
|
|
$
|
(31)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
$
|
2,142
|
|
$
|
2,142
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2017
|
|
Previously
|
|
|
|
|
|
|
(Millions)
|
|
Reported
|
|
Revised
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales
|
|
$
|
15,495
|
|
$
|
15,495
|
|
$
|
—
|
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
7,876
|
|
|
7,902
|
|
|
26
|
|
|
Selling, general and administrative expenses
|
|
|
3,207
|
|
|
3,234
|
|
|
27
|
|
|
Research, development and related expenses
|
|
|
944
|
|
|
954
|
|
|
10
|
|
|
Gain on sale of businesses
|
|
|
(490)
|
|
|
(490)
|
|
|
—
|
|
|
Total operating expenses
|
|
|
11,537
|
|
|
11,600
|
|
|
63
|
|
|
Operating income
|
|
$
|
3,958
|
|
$
|
3,895
|
|
$
|
(63)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expense (income), net
|
|
$
|
79
|
|
$
|
16
|
|
$
|
(63)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
$
|
3,879
|
|
$
|
3,879
|
|
$
|
—
|
|
|
| Earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
Six months ended
|
|
|
|
|
June 30,
|
|
June 30,
|
|
|
(Amounts in millions, except per share amounts)
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to 3M
|
|
$
|
1,857
|
|
$
|
1,583
|
|
$
|
2,459
|
|
$
|
2,906
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for weighted average 3M common shares outstanding – basic
|
|
|
591.4
|
|
|
598.1
|
|
|
593.8
|
|
|
598.1
|
|
|
Dilution associated with the Company’s stock-based compensation plans
|
|
|
12.8
|
|
|
14.7
|
|
|
14.7
|
|
|
14.3
|
|
|
Denominator for weighted average 3M common shares outstanding – diluted
|
|
|
604.2
|
|
|
612.8
|
|
|
608.5
|
|
|
612.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share attributable to 3M common shareholders – basic
|
|
$
|
3.14
|
|
$
|
2.65
|
|
$
|
4.14
|
|
$
|
4.86
|
|
|
Earnings per share attributable to 3M common shareholders – diluted
|
|
$
|
3.07
|
|
$
|
2.58
|
|
$
|
4.04
|
|
$
|
4.74
|
|
|