XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net revenues $ 1,884 $ 1,817
Operating costs and expenses and other operating income:    
Cost of services 1,226 1,165
Selling, general and administrative 363 355
Amortization of intangible assets 22 17
Other operating expense, net 1 1
Total operating costs and expenses, net 1,612 1,538
Operating income 272 279
Other income (expense):    
Interest expense, net (41) (36)
Other (expense) income, net (2) 3
Total non-operating expenses, net (43) (33)
Income before income taxes and equity in earnings of equity method investees 229 246
Income tax expense (52) (78)
Equity in earnings of equity method investees, net of taxes 12 7
Net income 189 175
Less: Net income attributable to noncontrolling interests 12 11
Net income attributable to Quest Diagnostics $ 177 $ 164
Earnings per share attributable to Quest Diagnostics’ common stockholders:    
Basic (per share) $ 1.30 $ 1.19
Diluted (per share) $ 1.27 $ 1.16
Weighted average common shares outstanding:    
Basic (in Shares) 136 137
Diluted (in Shares) 139 141
Dividends per common share $ 0.50 $ 0.45