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This is the expense the company spent on research and development. 3M Co's research and development for the three months ended in Sep. 2014 was €343 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2014 was €1,323 Mil.
This is the expense the company spent on research and development.
3M Co Research & Development for the trailing twelve months (TTM) ended in Sep. 2014 was 321.585903084 (Dec. 2013 ) + 327.299058653 (Mar. 2014 ) + 331.116038433 (Jun. 2014 ) + 342.541436464 (Sep. 2014 ) = €1,323 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
3M Co Annual Data
|Research & Development||871||1,023||1,172||929||1,060||906||1,073||1,217||1,229||1,259|
3M Co Quarterly Data
|Research & Development||332||306||314||330||326||308||322||327||331||343|