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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. 2015 was $438 Mil. Its research and development for the trailing twelve months (TTM) ended in Jun. 2015 was $1,771 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. 2015 was 434 (Sep. 2014 ) + 436 (Dec. 2014 ) + 463 (Mar. 2015 ) + 438 (Jun. 2015 ) = $1,771 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||1,242||1,522||1,368||1,404||1,293||1,434||1,570||1,634||1,715||1,770|
3M Co Quarterly Data
|Research & Development||430||427||420||438||452||448||434||436||463||438|