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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
Summarized quarterly results for the two years ended December 31, 2016 are as follows: 
 
 
Three Months Ended
 
 
2016
 
March 31
 
June 30
 
September 30
 
December 31
 
Full Year
 
 
(in millions, except per share data)
Revenues
 
$
3,202

 
$
3,370

 
$
3,453

 
$
3,462

 
$
13,487

Cost of revenues (exclusive of depreciation and amortization expense shown separately below)
 
1,915

 
2,038

 
2,077

 
2,078

 
8,108

Selling, general and administrative expenses
 
646

 
654

 
701

 
730

 
2,731

Depreciation and amortization expense
 
87

 
87

 
92

 
93

 
359

Income from operations
 
554

 
591

 
583

 
561

 
2,289

Net income
 
441

 
252

 
444

 
416

 
1,553

Basic EPS(1)
 
$
0.73

 
$
0.42

 
$
0.73

 
$
0.69

 
$
2.56

Diluted EPS(1)
 
$
0.72

 
$
0.41

 
$
0.73

 
$
0.68

 
$
2.55


 
 
Three Months Ended
 
 
2015
 
March 31
 
June 30
 
September 30
 
December 31
 
Full Year
 
 
(in millions, except per share data)
Revenues
 
$
2,911

 
$
3,085

 
$
3,187

 
$
3,233

 
$
12,416

Cost of revenues (exclusive of depreciation and amortization expense shown separately below)
 
1,727

 
1,845

 
1,935

 
1,933

 
7,440

Selling, general and administrative expenses
 
611

 
612

 
627

 
659

 
2,509

Depreciation and amortization expense
 
73

 
82

 
82

 
88

 
325

Income from operations
 
500

 
546

 
543

 
553

 
2,142

Net income
 
383

 
420

 
397

 
424

 
1,624

Basic EPS(1)
 
$
0.63

 
$
0.69

 
$
0.65

 
$
0.70

 
$
2.67

Diluted EPS(1)
 
$
0.62

 
$
0.68

 
$
0.65

 
$
0.69

 
$
2.65



(1) The sum of the quarterly basic and diluted EPS for each of the four quarters may not equal the EPS for the year due to rounding.