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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 Jun. 2016 was €389 Mil. Its research and development for the trailing twelve months (TTM) ended in Jun. 2016 was €1,573 Mil.
This is the expense the company spent on research and development.
3M Co Research & Development for the trailing twelve months (TTM) ended in Jun. 2016 was 382.250735098 (Sep. 2015 ) + 397.502983567 (Dec. 2015 ) + 404.094827586 (Mar. 2016 ) + 388.928444286 (Jun. 2016 ) = €1,573 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||1,152||940||1,039||887||1,084||1,193||1,245||1,250||1,436||1,618|
3M Co Quarterly Data
|Research & Development||327||330||337||354||428||390||382||398||404||389|