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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Revenue $ 6,172 $ 5,444 $ 18,059 $ 14,680
Operating costs and expenses:        
General and administrative 72 55 195 185
Impairments and other charges 0 0 265 [1] 262 [1]
Total operating costs and expenses 5,456 4,802 16,200 13,689
Operating income 716 642 1,859 991
Interest expense, net of interest income (140) (115) (417) (478) [2]
Other, net (42) (31) (86) (75)
Income (loss) from continuing operations before income taxes 534 496 1,356 438
Income tax (provision) benefit (100) (135) (367) (81)
Net income (loss) 434 361 989 357
Net income attributable to noncontrolling interest 1 4 3 4
Net income (loss) attributable to company $ 435 $ 365 $ 992 $ 361
Basic net income per share $ 0.50 $ 0.42 $ 1.13 $ 0.42
Diluted net income per share $ 0.50 $ 0.42 $ 1.13 $ 0.41
Basic weighted average common shares outstanding (in shares) 877 872 876 869
Diluted weighted average common shares outstanding (in shares) 878 873 879 872
Cash dividends per share $ 0.18 $ 0.18 $ 0.54 $ 0.54
Services [Member]        
Revenue:        
Revenue $ 4,800 $ 4,118 $ 13,996 $ 10,971
Operating costs and expenses:        
Cost of services and sales 4,280 3,681 12,508 10,237
Product sales [Member]        
Revenue:        
Revenue 1,372 1,326 4,063 3,709
Operating costs and expenses:        
Cost of services and sales $ 1,104 $ 1,066 $ 3,232 $ 3,005
[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 during the nine months ended September 30, 2018 and $262 million for a fair market value adjustment related to Venezuela during the nine months ended September 30, 2017.
[2] Includes $104 million of costs related to the early extinguishment of $1.4 billion of senior notes in the nine months ended September 30, 2017.