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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Gain (Loss) on Disposition of Assets $ 2.3      
Net sales 2,269.9 $ 1,551.8 $ 6,260.9 $ 4,498.9
Reimbursement Revenue 47.4 0.0 118.7 0.0
Revenues 2,317.3 1,551.8 6,379.6 4,498.9
Cost of sales 1,507.0 980.6 4,098.2 2,842.3
Cost of Reimbursable Expense 47.4 0.0 118.7 0.0
Cost of Revenue 1,554.4 980.6 4,216.9 2,842.3
Gross profit 762.9 571.2 2,162.7 1,656.6
Selling, general and administrative expenses 382.5 305.7 1,217.1 888.5
Amortization of intangibles and other assets 47.1 18.3 126.2 61.3
Restructuring and other special charges 26.4 5.8 59.9 15.4
Operating income 306.9 241.4 759.5 691.4
Other income (expenses):        
Interest expense (55.8) (25.9) (218.1) (77.4)
Equity method income, net 2.1 3.7 7.6 10.4
Investment income 0.4 0.3 1.4 0.9
Other, net (3.2) (0.5) (4.4) 13.9
Earnings before income taxes 250.4 219.0 546.0 639.2
Provision for income taxes 97.3 81.5 222.5 246.5
Net earnings 153.1 137.5 323.5 392.7
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.3) (0.9) (1.1)
Net earnings attributable to Laboratory Corporation of America Holdings $ 152.8 $ 137.2 $ 322.6 $ 391.6
Basic earnings per common share (in dollars per share) $ 1.51 $ 1.62 $ 3.29 $ 4.61
Diluted earnings per common share (in dollars per share) $ 1.49 $ 1.59 $ 3.24 $ 4.53
Covance [Member]        
Revenues $ 647.0   $ 1,535.0  
Other income (expenses):        
Net earnings attributable to Laboratory Corporation of America Holdings $ 27.8   $ 7.4