XML 64 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Summary of Segment Reporting Information by Segment
The following table is a summary of segment information for the three and nine months ended September 30, 2014 and 2013. Segment asset information is not presented since it is not used by the chief operating decision maker at the operating segment level. Operating earnings (loss) of each segment represents net revenues less directly identifiable expenses to arrive at operating income for the segment. General corporate activities included in the table below are comprised of general management and administrative corporate expenses, amortization of intangibles assets, other miscellaneous operating income and expenses, net of certain general corporate activity costs that are allocated to the DIS and DS businesses, and the third quarter of 2013 pre-tax gain on the sale of the ibrutinib royalty rights and the pre-tax loss on the sale of Enterix (see Note 6). The accounting policies of the segments are the same as those of the Company as set forth in Note 2 to the consolidated financial statements contained in the Company’s 2013 Annual Report on Form 10-K and Note 2 to the interim unaudited consolidated financial statements.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Net revenues:
 

 
 

 
 

 
 

DIS business
$
1,765

 
$
1,648

 
$
5,141

 
$
4,971

All other operating segments
139

 
140

 
411

 
419

Total net revenues
$
1,904

 
$
1,788

 
$
5,552

 
$
5,390

 
 
 
 
 
 
 
 
Operating earnings (loss):
 

 
 

 
 

 
 

DIS business
$
281

 
$
294

 
$
805

 
$
887

All other operating segments
23

 
22

 
63

 
53

General corporate activities
(48
)
 
373

 
(142
)
 
265

Total operating income
256

 
689

 
726

 
1,205

Non-operating expenses, net
(35
)
 
(32
)
 
(100
)
 
(95
)
Income from continuing operations before taxes
221

 
657

 
626

 
1,110

Income tax expense
82

 
245

 
234

 
413

Income from continuing operations
139

 
412

 
392

 
697

Income from discontinued operations, net of taxes

 
2

 

 
35

Net income
139

 
414

 
392

 
732

Less: Net income attributable to noncontrolling interests
10

 
9

 
26

 
26

Net income attributable to Quest Diagnostics
$
129

 
$
405

 
$
366

 
$
706