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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue, Net $ 2,408.1 $ 2,295.2
Reimbursement Revenue 38.9 72.8
Revenues 2,447.0 2,368.0
Cost of sales 1,604.5 1,517.9
Cost of Reimbursable Expense 38.9 72.8
Cost of Revenue 1,643.4 1,590.7
Gross profit 803.6 777.3
Selling, general and administrative expenses 419.4 414.3
Amortization of intangibles and other assets 47.6 44.3
Net restructuring and other special charges 3.9 19.2
Operating Income (Loss) 332.7 299.5
Other income (expenses):    
Interest expense (52.4) (54.5)
Equity method income, net 2.3 1.4
Investment income 0.3 0.5
Other, net (3.2) 6.7
Earnings before income taxes 279.7 253.6
Provision for income taxes 87.2 89.2
Net earnings 192.5 164.4
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.3)
Net earnings attributable to Laboratory Corporation of America Holdings $ 192.2 $ 164.1
Basic earnings per common share (in dollars per share) $ 1.87 $ 1.61
Diluted earnings per common share (in dollars per share) $ 1.84 $ 1.58