Quarterly Results of Operations

12 Months Ended

Dec. 31, 2018

Quarterly Results of Operations [Abstract]

Quarterly Results of Operations

23.  Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations (in millions) were as follows:

	For the Three Months Ended
	March 31,		June 30,		September 30,			December 31, (1)
2018
Total revenues	$	3,404	$	3,852		$	4,039		$	4,063
Total expenses		2,921		3,357			3,619			3,631
Net income (loss)		407		420			378			368
2017
Total revenues	$	3,229	$	3,237		$	3,269		$	3,413
Total expenses		2,881		2,840			2,809			3,887
Net income (loss)		349		321			385			963

(1)Fourth quarter 2017 results include a goodwill impairment charge and the impacts of remeasuring our existing deferred tax balances for the impact of the Tax Act as disclosed elsewhere herein.