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QUARTERLY DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY DATA (UNAUDITED) QUARTERLY DATA (UNAUDITED)

The following is a summary of unaudited quarterly data:
 
Year Ended December 31, 2019
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Full
Year
Revenues
$
2,791.2

 
$
2,881.7

 
$
2,928.5

 
$
2,953.4

 
$
11,554.8

Gross profit
789.7

 
824.8

 
817.3

 
820.7

 
3,252.5

Operating income
318.2

 
335.7

 
339.9

 
336.4

 
1,330.2

Net earnings attributable to Laboratory Corporation of America Holdings
185.6

 
190.4

 
220.7

 
227.1

 
823.8

Basic earnings per common share
1.88

 
1.94

 
2.26

 
2.34

 
8.42

Diluted earnings per common share
1.86

 
1.93

 
2.25

 
2.32

 
8.35

 
Year Ended December 31, 2018
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Full
Year
Revenues
$
2,848.3

 
$
2,866.3

 
$
2,831.3

 
$
2,787.5

 
$
11,333.4

Gross profit
779.0

 
835.1

 
789.9

 
772.4

 
3,176.4

Operating income
305.4

 
369.2

 
343.4

 
307.7

 
1,325.7

Net earnings attributable to Laboratory Corporation of America Holdings
173.2

 
233.8

 
318.8

 
157.9

 
883.7

Basic earnings per common share
1.70

 
2.29

 
3.14

 
1.58

 
8.71

Diluted earnings per common share
1.67

 
2.27

 
3.10

 
1.56

 
8.61