3M research and development expenses

Research and development expenses of 3M

[table id=34 /]

3M relies heavily on Research and development expenses for its profits and growth. In 2017, 3M's research and development expenditure climbed to $1.85 billion from $1.7 Billion in the previous year. Main R&D costs in 2017 included the  basic scientific research and the application of scientific advances in the development of new and improved products. It totalled $1.35 Billions. The related expenses include the technical support, patent costs as well as the investments into the R&D related ventures. 3M invests about 5.8% of its revenue back into Research and development. Its investment into R&D has kept the brand strong and helps produce a steady stream of more than 3000 patents and several new and unique products each year.


Data sourced from the annual reports of 3M to be found on its investors website.



More on 3M - Financial data 

Read Movie and show spoilers on Moviemagical