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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues $ 2,866.3 $ 2,528.2 $ 5,714.6 $ 4,941.9
Cost of Revenue 2,031.2 1,750.2 4,100.5 3,451.4
Gross Profit 835.1 778.0 1,614.1 1,490.5
Selling, general and administrative expenses 395.2 357.7 792.2 700.6
Amortization of intangibles and other assets 58.5 51.4 120.8 99.0
Net restructuring and other special charges 12.2 39.1 26.5 43.0
Operating Income (Loss) 369.2 329.8 674.6 647.9
Other income (expenses):        
Interest expense (63.1) (55.0) (126.6) (107.4)
Equity method income, net 3.0 4.5 5.5 6.8
Investment income 0.8 0.4 1.4 0.7
Other, net 2.8 (0.5) (0.7) (3.6)
Earnings before income taxes 312.7 279.2 554.2 544.4
Provision for income taxes 78.6 94.1 147.6 176.0
Net earnings 234.1 185.1 406.6 368.4
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.3) 0.4 (0.6)
Net earnings attributable to Laboratory Corporation of America Holdings $ 233.8 $ 184.8 $ 407.0 $ 367.8
Basic earnings per common share (in dollars per share) $ 2.29 $ 1.80 $ 3.99 $ 3.59
Diluted earnings per common share (in dollars per share) $ 2.27 $ 1.78 $ 3.94 $ 3.54
Previous Accounting Guidance [Member]        
Gross profit, as reported   $ 861.8   $ 1,665.4
Net income (loss), including portion attributable to NCI, as reported   188.9   381.4
Net income (loss) attributable to Parent, as reported   188.6   380.8
Revenues   2,542.9   4,989.9
Cost of Revenue   1,681.1   3,324.5
Selling, general and administrative expenses   435.3   854.7
Other income (expenses):        
Provision for income taxes   96.2   183.4
Less: Net earnings attributable to the noncontrolling interest   $ (0.3)   $ (0.6)
Basic earnings per common share (in dollars per share)   $ 1.84   $ 3.71
Diluted earnings per common share (in dollars per share)   $ 1.82   $ 3.66