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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. 2016 was $421 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2016 was $1,735 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. 2016 was 450 (Mar. 2016 ) + 437 (Jun. 2016 ) + 427 (Sep. 2016 ) + 421 (Dec. 2016 ) = $1,735 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||1,368||1,404||1,293||1,434||1,570||1,634||1,715||1,770||1,763||1,735|
3M Co Quarterly Data
|Research & Development||434||436||463||438||429||433||450||437||427||421|