Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Data [Abstract]

Schedule of Quarterly Financial Information

Quarterly Financial Data

(Unaudited, in millions, except per share amounts)

	Quarter Ended
	March 31			June 30		September 30		December 31
2014
Net revenues	$	4,262		$	4,366	$	4,353	$	4,921
Gross profit	$	2,911		$	2,974	$	2,964	$	3,321
Net income (loss)	$	(2,326	)	$	676	$	673	$	1,023
Net income (loss) per share-basic	(1.82		)	0.54		0.54		0.83
Net income (loss) per share-diluted	$	(1.82	)	$	0.53	$	0.54	$	0.82
Weighted-average shares:
Basic	1,276			1,258		1,242		1,230
Diluted	1,276			1,267		1,251		1,241

	Quarter Ended
	March 31		June 30		September 30(1)		December 31
2013
Net revenues	$	3,748	$	3,877	$	3,892	$	4,530
Gross profit	$	2,596	$	2,666	$	2,668	$	3,081
Net income	$	677	$	640	$	689	$	850
Net income per share-basic	$	0.52	$	0.49	$	0.53	$	0.66
Net income per share-diluted	$	0.51	$	0.49	$	0.53	$	0.65
Weighted-average shares:
Basic	1,295		1,297		1,295		1,295
Diluted	1,319		1,313		1,310		1,310

(1) The quarterly financial information includes a $75 million gain on the sale of our investments in RueLaLa and ShopRunner.