v3.22.4
Consolidated Statement of Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 34,229,000,000 $ 35,355,000,000 $ 32,184,000,000
Operating expenses      
Cost of sales 19,232,000,000 18,795,000,000 16,605,000,000
Selling, general and administrative expenses 9,049,000,000 7,197,000,000 6,929,000,000
Research, development and related expenses 1,862,000,000 1,994,000,000 1,878,000,000
Gain on business divestitures (2,724,000,000) 0 (389,000,000)
Goodwill impairment expense 271,000,000 0 0
Total operating expenses 27,690,000,000 27,986,000,000 25,023,000,000
Operating income 6,539,000,000 7,369,000,000 7,161,000,000
Other expense (income), net 147,000,000 165,000,000 366,000,000
Income before income taxes 6,392,000,000 7,204,000,000 6,795,000,000
Provision for income taxes 612,000,000 1,285,000,000 1,337,000,000
Income of consolidated group 5,780,000,000 5,919,000,000 5,458,000,000
Income (loss) from unconsolidated subsidiaries, net of taxes 11,000,000 10,000,000 (5,000,000)
Net income including noncontrolling interest 5,791,000,000 5,929,000,000 5,453,000,000
Less: Net income (loss) attributable to noncontrolling interest 14,000,000 8,000,000 4,000,000
Net income attributable to 3M $ 5,777,000,000 $ 5,921,000,000 $ 5,449,000,000
Weighted average 3M common shares outstanding - basic (in shares) 566.0 579.0 577.6
Earnings per share attributable to 3M common shareholders - basic (in dollars per share) $ 10.21 $ 10.23 $ 9.43
Weighted average 3M common shares outstanding - diluted (in shares) 567.6 585.3 582.2
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) $ 10.18 $ 10.12 $ 9.36