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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 Dec. 2014 was €354 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2014 was €1,347 Mil.
This is the expense the company spent on research and development.
3M Co Research & Development for the trailing twelve months (TTM) ended in Dec. 2014 was 326.825741142 (Mar. 2014 ) + 329.654157469 (Jun. 2014 ) + 336.69511249 (Sep. 2014 ) + 353.609083536 (Dec. 2014 ) = €1,347 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||1,047||1,152||940||1,039||887||1,084||1,193||1,245||1,250||1,436|
3M Co Quarterly Data
|Research & Development||308||319||332||324||315||319||327||330||337||354|