XML 38 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Significant Accounting Policies |
Impact on previously reported values after correction |
Three months ended September 30, 2017 |  | Previously |  |  |  |  |
(Millions) |  | Reported |  | Revised |  | Change |
Net Sales |  | $ | 8,172 |  | $ | 8,172 |  | $ | — |
Operating expenses |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 4,045 |  |  | 4,059 |  |  | 14 |
Selling, general and administrative expenses |  |  | 1,623 |  |  | 1,637 |  |  | 14 |
Research, development and related expenses |  |  | 463 |  |  | 468 |  |  | 5 |
Gain on sale of businesses |  |  | — |  |  | — |  |  | — |
Total operating expenses |  |  | 6,131 |  |  | 6,164 |  |  | 33 |
Operating income |  | $ | 2,041 |  | $ | 2,008 |  | $ | (33) |
Other expense (income), net |  | $ | 44 |  | $ | 11 |  | $ | (33) |
Income before income taxes |  | $ | 1,997 |  | $ | 1,997 |  | $ | — |
Nine months ended September 30, 2017 |  | Previously |  |  |  |  |
(Millions) |  | Reported |  | Revised |  | Change |
Net Sales |  | $ | 23,667 |  | $ | 23,667 |  | $ | — |
Operating expenses |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 11,921 |  |  | 11,961 |  |  | 40 |
Selling, general and administrative expenses |  |  | 4,830 |  |  | 4,871 |  |  | 41 |
Research, development and related expenses |  |  | 1,407 |  |  | 1,422 |  |  | 15 |
Gain on sale of businesses |  |  | (490) |  |  | (490) |  |  | — |
Total operating expenses |  |  | 17,668 |  |  | 17,764 |  |  | 96 |
Operating income |  | $ | 5,999 |  | $ | 5,903 |  | $ | (96) |
Other expense (income), net |  | $ | 123 |  | $ | 27 |  | $ | (96) |
Income before income taxes |  | $ | 5,876 |  | $ | 5,876 |  | $ | — |
Earnings per share |
|  | Three months ended |  | Nine months ended |
|  | September 30, |  | September 30, |
(Amounts in millions, except per share amounts) |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to 3M |  | $ | 1,543 |  | $ | 1,429 |  | $ | 4,002 |  | $ | 4,335 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for weighted average 3M common shares outstanding – basic |  |  | 585.6 |  |  | 597.6 |  |  | 591.1 |  |  | 597.9 |
Dilution associated with the Company’s stock-based compensation plans |  |  | 12.8 |  |  | 15.1 |  |  | 14.0 |  |  | 14.6 |
Denominator for weighted average 3M common shares outstanding – diluted |  |  | 598.4 |  |  | 612.7 |  |  | 605.1 |  |  | 612.5 |
Earnings per share attributable to 3M common shareholders – basic |  | $ | 2.64 |  | $ | 2.39 |  | $ | 6.77 |  | $ | 7.25 |
Earnings per share attributable to 3M common shareholders – diluted |  | $ | 2.58 |  | $ | 2.33 |  | $ | 6.61 |  | $ | 7.08 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration