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Quarterly Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Data
The following table represents the summary of financial data from both continuing and discontinued operations for the quarters related to the years ended December 31, 2019 and 2018.
Quarter ended
 
March 31
 
June 30
 
September 30
 
December 31
  
 
(In Millions, except per share data)
2019
 
 
 
 
 
 
 
 
Revenue from continuing operations
 
$
482

 
$
416

 
$
405

 
$
424

Operating income from continuing operations
 
123

 
55

 
56

 
55

Net income from continuing operations attributable to MIC
 
64

 
6

 
15

 
16

Net income (loss) from discontinued operations attributable to MIC
 
6

 
5

 
46

 
(2
)
Per share information attributable to MIC(1):
 
 
 
 
 
 
 
 
Basic income per share from continuing operations attributable to MIC
 
$
0.75

 
$
0.07

 
$
0.18

 
$
0.18

Basic income (loss) per share from discontinued operations attributable to MIC
 
0.07

 
0.06

 
0.53

 
(0.02
)
Basic income per share attributable to MIC
 
0.82

 
0.13

 
0.71

 
0.16

Diluted income per share from continuing operations attributable to MIC
 
$
0.73

 
$
0.07

 
$
0.18

 
$
0.18

Diluted income (loss) per share from discontinued operations attributable to MIC
 
0.06

 
0.06

 
0.53

 
(0.02
)
Diluted income per share attributable to MIC
 
0.79

 
0.13

 
0.71

 
0.16

Cash dividends declared per share
 
$
1.00

 
$
1.00

 
$
1.00

 
$
1.00

2018
 
 
 
 
 
 
 
 
Revenue from continuing operations
 
$
467

 
$
436

 
$
421

 
$
437

Operating income from continuing operations
 
76

 
58

 
53

 
47

Net income (loss) from continuing operations attributable to MIC
 
40

 
27

 
2

 
(1
)
Net income from discontinued operations attributable to MIC
 
37

 
11

 
20

 
1

Per share information attributable to MIC(1):
 
 
 
 
 
 
 
 
Basic income (loss) per share from continuing operations attributable to MIC
 
$
0.47

 
$
0.32

 
$
0.02

 
$
(0.01
)
Basic income per share from discontinued operations attributable to MIC
 
0.44

 
0.13

 
0.23

 
—

Basic income (loss) per share attributable to MIC
 
0.91

 
0.45

 
0.25

 
(0.01
)
Diluted income (loss) per share from continuing operations attributable to MIC
 
$
0.47

 
$
0.32

 
$
0.02

 
$
(0.01
)
Diluted income per share from discontinued operations attributable to MIC
 
0.44

 
0.13

 
0.23

 
—

Diluted income (loss) per share attributable to MIC
 
0.91

 
0.45

 
0.25

 
(0.01
)
Cash dividends declared per share
 
$
1.00

 
$
1.00

 
$
1.00

 
$
1.00

_____________
(1)
Due to averaging of shares, quarterly earnings per share may not sum to the totals reported for the full year.