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Supplementary Data - Quarterly Financial Data - Unaudited
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Supplementary Data — Quarterly Financial Data — Unaudited
Supplementary Data — Quarterly Financial Data — Unaudited
The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters in the two year period ended December 31, 2019. This quarterly information has been prepared on the same basis as the Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the periods presented.
Quarterly Financial Data
(Unaudited, in millions, except per share amounts)
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
2019
 
 
 
 
 
 
 
Net revenues
$
2,643

 
$
2,687

 
$
2,649

 
$
2,821

Gross profit
$
2,042

 
$
2,057

 
$
2,022

 
$
2,171

Income from continuing operations
$
521

 
$
403

 
$
310

 
$
558

Income (loss) from discontinued operations, net of income taxes
(3
)
 
(1
)
 
—

 
(2
)
Net income (loss)
$
518

 
$
402

 
$
310

 
$
556

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.58

 
$
0.47

 
$
0.37

 
$
0.69

Discontinued operations
—

 
—

 
—

 
—

Net income (loss) per share - basic
$
0.58

 
$
0.47

 
$
0.37

 
$
0.69

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.57

 
$
0.46

 
$
0.37

 
$
0.69

Discontinued operations
—

 
—

 
—

 
—

Net income (loss) per share - diluted
$
0.57

 
$
0.46

 
$
0.37

 
$
0.69

Weighted-average shares:
 
 
 
 
 
 
 
Basic
900

 
860

 
830

 
807

Diluted
908

 
867

 
837

 
812


 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
2018
 
 
 
 
 
 
 
Net revenues
$
2,580

 
$
2,640

 
$
2,649

 
$
2,877

Gross profit
$
2,021

 
$
2,043

 
$
2,041

 
$
2,259

Income from continuing operations
$
407

 
$
638

 
$
720

 
$
763

Income (loss) from discontinued operations, net of income taxes
—

 
4

 
1

 
(3
)
Net income (loss)
$
407

 
$
642

 
$
721

 
$
760

Income per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.40

 
$
0.64

 
$
0.74

 
$
0.81

Discontinued operations
—

 
—

 
—

 
—

Net income (loss) per share - basic
$
0.40

 
$
0.64

 
$
0.74

 
$
0.81

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.40

 
$
0.64

 
$
0.73

 
$
0.80

Discontinued operations
—

 
—

 
—

 
—

Net income (loss) per share - diluted
$
0.40

 
$
0.64

 
$
0.73

 
$
0.80

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,010

 
992

 
974

 
945

Diluted
1,029

 
1,004

 
983

 
950