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3M Co. (MMM) | Income Statement

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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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3M Co., Consolidated Income Statement

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Net sales
chart Cost of sales
chart Selling, general and administrative expenses
chart Research, development and related expenses
chart Gain (loss) from sale of businesses
chart Operating expenses
chart Operating income
chart Interest expense
chart Interest income
chart Interest expense, net
chart Income before income taxes
chart Provision for income taxes
chart Net income including noncontrolling interest
chart Net income attributable to noncontrolling interest
chart Net income attributable to 3M
Source: 3M Co., Annual Reports
Item Description The company
Net sales Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. 3M Co.'s net sales increased from 2009 to 2010 and from 2010 to 2011.
Operating income The net result for the period of deducting operating expenses from operating revenues. 3M Co.'s operating income increased from 2009 to 2010 and from 2010 to 2011.
Income before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. 3M Co.'s income before income taxes increased from 2009 to 2010 and from 2010 to 2011.
Net income including noncontrolling interest The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. 3M Co.'s net income including noncontrolling interest increased from 2009 to 2010 and from 2010 to 2011.
Net income attributable to 3M The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. 3M Co.'s net income attributable to 3M increased from 2009 to 2010 and from 2010 to 2011.

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