QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2011

QUARTERLY RESULTS (UNAUDITED)

Note 12—QUARTERLY RESULTS (UNAUDITED)

The following tables contain selected unaudited statement of operations information for each quarter of 2011 and 2010. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our business is affected by seasonality, which historically has resulted in higher sales volume during our fourth quarter. Unaudited quarterly results are as follows (in millions, except per share data):

	Year Ended December 31, 2011 (1)
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Net sales	$	17,431	$	10,876	$	9,913	$	9,857
Income before income taxes		273		130		225		307
Provision for income taxes		86		67		49		89
Net income		177		63		191		201
Basic earnings per share	$	0.39	$	0.14	$	0.42	$	0.44
Diluted earnings per share	$	0.38	$	0.14	$	0.41	$	0.44
Shares used in computation of earnings per share:
Basic		455		454		453		451
Diluted		462		461		460		459

	Year Ended December 31, 2010 (1)
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Net sales	$	12,948	$	7,560	$	6,566	$	7,131
Income before income taxes		506		292		297		401
Provision for income taxes		84		79		88		100
Net income		416		231		207		299
Basic earnings per share	$	0.93	$	0.51	$	0.46	$	0.67
Diluted earnings per share	$	0.91	$	0.51	$	0.45	$	0.66
Shares used in computation of earnings per share:
Basic		450		448		447		445
Diluted		458		456		455		454

(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.