Quarterly Results

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results

Quarterly Results (unaudited)

Selected quarterly financial data for 2020 and 2019 is set forth below:

(In thousands, except per share data)	Revenues		Earnings Before Income Taxes		Net Earnings		Basic Earnings Per Share		Diluted Earnings Per Share
2020
First Quarter	$	1,411,741	$	183,971	$	147,159	$	0.48	$	0.47
Second Quarter	1,330,349		171,530		134,748		0.44		0.44
Third Quarter(a)	1,368,673		459,840		356,676		1.17		1.16
Fourth Quarter(a)	1,395,025		176,132		141,505		0.46		0.46
Total	$	5,505,788	$	991,473	$	780,088
(a) Third and Fourth quarter results include gains on sale of businesses of $217 million and $4 million, respectively, as further described in Note (9).

(In thousands, except per share data)	Revenues		Earnings Before Income Taxes		Net Earnings		Basic Earnings Per Share		Diluted Earnings Per Share
2019
First Quarter	$	1,389,877	$	206,376	$	166,219	$	0.51	$	0.51
Second Quarter(b)	1,431,061		154,123		126,969		0.40		0.39
Third Quarter(b)(c)	1,429,428		102,312		81,935		0.26		0.26
Fourth Quarter(b)(c)	1,442,232		191,701		154,331		0.49		0.49
Total	$	5,692,598	$	654,512	$	529,454
(b) Second through Fourth quarter results include pre-tax charges for employee separation costs of $41 million, $32 million and $13 million, respectively, as further described in Note (1).
(c) Third and Fourth quarter results include pre-tax charges for contract termination costs of $60 million and $6 million, respectively, as further described in Note (1).