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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 2,831.3 $ 2,621.4 $ 8,545.9 $ 7,563.3
Cost of Revenue 2,041.4 1,837.2 6,141.9 5,288.6
Gross Profit 789.9 784.2 2,404.0 2,274.7
Selling, general and administrative expenses 381.8 381.3 1,174.0 1,081.9
Amortization of intangibles and other assets 54.7 54.6 175.5 153.6
Net restructuring and other special charges 10.0 21.6 36.5 64.6
Operating Income (Loss) 343.4 326.7 1,018.0 974.6
Other income (expenses):        
Interest expense (59.4) (59.9) (186.0) (167.3)
Equity method income, net 3.0 3.2 8.5 10.0
Investment income 2.8 0.7 4.2 1.4
Other, net 209.8 (3.9) 209.1 (7.4)
Earnings before income taxes 499.6 266.8 1,053.8 811.3
Provision for income taxes 180.6 92.5 328.1 268.6
Net earnings 319.0 174.3 725.7 542.7
Less: Net earnings attributable to the noncontrolling interest (0.2) (2.8) 0.1 (3.4)
Net earnings attributable to Laboratory Corporation of America Holdings $ 318.8 $ 171.5 $ 725.8 $ 539.3
Basic earnings per common share (in dollars per share) $ 3.14 $ 1.68 $ 7.13 $ 5.27
Diluted earnings per common share (in dollars per share) $ 3.10 $ 1.65 $ 7.04 $ 5.19
Previous Accounting Guidance [Member]        
Gross profit, as reported   $ 882.8   $ 2,548.2
Net income (loss), including portion attributable to NCI, as reported   183.4   564.8
Net income (loss) attributable to Parent, as reported   180.6   561.4
Revenues   2,655.2   7,645.1
Cost of Revenue   1,772.4   5,096.9
Selling, general and administrative expenses   465.3   1,320.0
Other income (expenses):        
Provision for income taxes   97.7   281.1
Less: Net earnings attributable to the noncontrolling interest   $ (2.8)   $ (3.4)
Basic earnings per common share (in dollars per share)   $ 1.77   $ 5.48
Diluted earnings per common share (in dollars per share)   $ 1.74   $ 5.40