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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 Mar. 2016 was $450 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2016 was $1,750 Mil.
This is the expense the company spent on research and development.
3M Co Research & Development for the trailing twelve months (TTM) ended in Mar. 2016 was 438 (Jun. 2015 ) + 429 (Sep. 2015 ) + 433 (Dec. 2015 ) + 450 (Mar. 2016 ) = $1,750 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||1,522||1,368||1,404||1,293||1,434||1,570||1,634||1,715||1,770||1,763|
3M Co Quarterly Data
|Research & Development||438||452||448||434||436||463||438||429||433||450|