3M 2015 Annual Report Download - page 50

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TableofContents
ConsolidatedStatementofIncome
3MCompanyandSubsidiaries
YearsendedDecember31
 2015  2014  2013
Netsales  $ 30,274 $ 31,821  $ 30,871 
Operatingexpenses     
Costofsales   15,383 16,447  16,106 
Selling,generalandadministrativeexpenses   6,182 6,469  6,384 
Research,developmentandrelatedexpenses   1,763 1,770  1,715 
Totaloperatingexpenses   23,328 24,686  24,205 
Operatingincome   6,946 7,135  6,666 
    
Interestexpenseandincome     
Interestexpense   149 142  145 
Interestincome   (26)  (33)  (41)
Totalinterestexpense—net   123 109  104 
    
Incomebeforeincometaxes   6,823 7,026  6,562 
Provisionforincometaxes   1,982 2,028  1,841 
Netincomeincludingnoncontrollinginterest  $ 4,841 $ 4,998  $ 4,721 
    
Less:Netincomeattributabletononcontrollinginterest   8 42  62 
    
Netincomeattributableto3M  $ 4,833 $ 4,956  $ 4,659 
    
Weightedaverage3Mcommonsharesoutstanding—basic   625.6 649.2  681.9 
Earningspershareattributableto3Mcommonshareholders—basic  $ 7.72 $ 7.63  $ 6.83 
    
Weightedaverage3Mcommonsharesoutstanding—diluted   637.2 662.0  693.6 
Earningspershareattributableto3Mcommonshareholders—diluted  $ 7.58 $ 7.49  $ 6.72 
    
Cashdividendspaidper3Mcommonshare  $ 4.10 $ 3.42  $ 2.54 
TheaccompanyingNotestoConsolidatedFinancialStatementsareanintegralpartofthisstatement.
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