XML 65 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Unaudited quarterly results are as follows (in millions, except per share data):
 
 
 
Year Ended December 31, 2013 (1)
 
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
Net sales
 
$
25,587

 
$
17,092

 
$
15,704

 
$
16,070

Income (loss) from operations
 
$
510

 
$
(25
)
 
$
79

 
$
181

Income (loss) before income taxes
 
$
451

 
$
(43
)
 
$
17

 
$
81

Provision (benefit) for income taxes
 
$
179

 
$
(12
)
 
$
13

 
$
(18
)
Net income (loss)
 
$
239

 
$
(41
)
 
$
(7
)
 
$
82

Basic earnings per share
 
$
0.52

 
$
(0.09
)
 
$
(0.02
)
 
$
0.18

Diluted earnings per share
 
$
0.51

 
$
(0.09
)
 
$
(0.02
)
 
$
0.18

Shares used in computation of earnings per share:
 
 
 
 
 
 
 
 
Basic
 
458

 
457

 
456

 
455

Diluted
 
467

 
457

 
456

 
463

 
 
Year Ended December 31, 2012 (1)
 
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
Net sales
 
$
21,268

 
$
13,806

 
$
12,834

 
$
13,185

Income (loss) from operations
 
$
405

 
$
(28
)
 
$
107

 
$
192

Income (loss) before income taxes
 
$
337

 
$
(22
)
 
$
146

 
$
84

Provision for income taxes
 
$
194

 
$
83

 
$
109

 
$
43

Net income (loss)
 
$
97

 
$
(274
)
 
$
7

 
$
130

Basic earnings per share
 
$
0.21

 
$
(0.60
)
 
$
0.02

 
$
0.29

Diluted earnings per share
 
$
0.21

 
$
(0.60
)
 
$
0.01

 
$
0.28

Shares used in computation of earnings per share:
 
 
 
 
 
 
 
 
Basic
 
454

 
452

 
451

 
453

Diluted
 
461

 
452

 
458

 
460

 ___________________
(1)
The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each period.