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QUARTERLY DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly data summary:
The following is a summary of unaudited quarterly data:
 
Year Ended December 31, 2017
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter (a)
 
Full
Year
Net revenues
$
2,408.1

 
$
2,498.4

 
$
2,597.9

 
$
2,701.5

 
$
10,205.9

Gross profit
803.6

 
861.8

 
882.8

 
915.8

 
3,464.0

Net earnings attributable to Laboratory Corporation of America Holdings
192.2

 
188.6

 
180.6

 
706.8

 
1,268.2

Basic earnings per common share
1.87

 
1.84

 
1.77

 
6.91

 
12.39

Diluted earnings per common share
1.84

 
1.82

 
1.74

 
6.81

 
12.21

(a) Net earnings attributable to Laboratory Corporation of America Holdings in the fourth quarter of 2017 includes amounts recorded due to TCJA.
 
Year Ended December 31, 2016
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Full
Year
Net revenues
$
2,295.2

 
$
2,382.0

 
$
2,372.7

 
$
2,387.3

 
$
9,437.2

Gross profit
777.3

 
826.8

 
788.4

 
788.0

 
3,180.5

Net earnings attributable to Laboratory Corporation of America Holdings
164.1

 
204.1

 
179.5

 
184.4

 
732.1

Basic earnings per common share
1.61

 
2.00

 
1.74

 
1.79

 
7.14

Diluted earnings per common share
1.58

 
1.96

 
1.71

 
1.75

 
7.02