Item 6. Selected Financial Data.

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Item 6. Selected Financial Data.


(Dollars in millions, except per share amounts)	2018*		2017		2016		2015		2014
Years ended December 31:
Net sales	$	32,765	$	31,657	$	30,109	$	30,274	$	31,821
Net income attributable to 3M		5,349		4,858		5,050		4,833		4,956
Per share of 3M common stock:
Net income attributable to 3M — basic		9.09		8.13		8.35		7.72		7.63
Net income attributable to 3M — diluted		8.89		7.93		8.16		7.58		7.49
Cash dividends declared per 3M common share		5.44		4.70		4.44		3.075		3.59
Cash dividends paid per 3M common share		5.44		4.70		4.44		4.10		3.42
At December 31:
Total assets	$	36,500	$	37,987	$	32,906	$	32,883	$	31,374
Long-term debt (excluding portion due within one year) and long-term capital lease obligations		13,486		12,156		10,723		8,799		6,764

The Company adopted ASU No. 2014-09 and related standards (collectively, Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers), as described in Note 1, on January 1, 2018 using the modified retrospective method of adoption, the impact of which was not material to the Company’s consolidated results of operations and financial condition. Prior periods have not been restated.

Cash dividends declared and paid totaled $1.36 and $1.175 per share for each quarter in 2018 and 2017, respectively. 3M typically declares and pays dividends in the same quarter. In December 2014, 3M declared dividends that were paid in the following first quarter.

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