XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net revenues $ 2,486 $ 2,774 $ 7,550 $ 8,044
Operating costs and expenses and other operating income:        
Cost of services 1,618 1,670 4,875 4,861
Selling, general and administrative 464 427 1,311 1,263
Amortization of intangible assets 27 25 81 77
Other operating income, net (15) 0 (10) (2)
Total operating costs and expenses, net 2,094 2,122 6,257 6,199
Operating income 392 652 1,293 1,845
Other income (expense):        
Interest expense, net (33) (38) (106) (114)
Other (expense) income, net (8) 40 (61) 366
Total non-operating (expense) income, net (41) 2 (167) 252
Income before income taxes and equity in earnings of equity method investees 351 654 1,126 2,097
Income tax expense (81) (153) (268) (483)
Equity in earnings of equity method investees, net of taxes 6 26 41 53
Net income 276 527 899 1,667
Less: Net income attributable to noncontrolling interests 20 22 54 62
Net income attributable to Quest Diagnostics $ 256 $ 505 $ 845 $ 1,605
Earnings per share attributable to Quest Diagnostics’ common stockholders:        
Basic (in dollars per share) $ 2.20 $ 4.11 $ 7.17 $ 12.63
Diluted (in dollars per share) $ 2.17 $ 4.02 $ 7.05 $ 12.41
Basic (in Shares) 116 123 117 127
Diluted (in Shares) 118 125 119 129