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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue:    
Services $ 4,388 $ 3,151
Product sales 1,352 1,128
Total revenue 5,740 4,279
Operating costs and expenses:    
Cost of services 4,007 3,103
Cost of sales 1,056 918
General and administrative 58 55
Impairments and other charges 265 [1] 0
Total operating costs and expenses 5,386 4,076
Operating income 354 203
Interest expense, net of interest income (140) (242) [2]
Other, net (25) (18)
Income (loss) from continuing operations before income taxes 189 (57)
Income tax (provision) benefit (142) 25
Net income (loss) 47 (32)
Net income attributable to noncontrolling interest (1) 0
Net income (loss) attributable to company $ 46 $ (32)
Basic and diluted net income (loss) per share $ 0.05 $ (0.04)
Basic weighted average common shares outstanding (in shares) 875 867
Diluted weighted average common shares outstanding (in shares) 878 867
Cash dividends per share $ 0.18 $ 0.18
[1] Represents a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela, consisting of receivables, fixed assets, inventory and other assets and liabilities in the three months ended March 31, 2018.
[2] Includes $104 million of costs related to the early extinguishment of $1.4 billion of senior notes in the three months ended March 31, 2017.