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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
The following tables present the unaudited quarterly results of operations for the eight quarters ended December 31, 2018. This quarterly information has been prepared on the same basis as the consolidated financial statements and, in the opinion of management, reflects all adjustments necessary for the fair statement of the information for the periods presented. This data should be read in conjunction with the consolidated financial statements and related disclosures. Operating results for any quarter apply to that quarter only and are not necessarily indicative of results for any future period. The amounts below reflect the revisions as discussed in Note 2, Summary of Significant Accounting Policies and the 2018 amounts will be revised for interim periods in future filings and were not material to the previously issued financial statements.

 
Net sales and operating revenues
 
Cost of sales (exclusive of depreciation and amortization)
 
 As Reported
 
Revision
 
 As Revised
 
 As Reported
 
Revision
 
 As Revised
Quarter
(Millions)
 
(Millions)
2018
 
 
 
 
 
 
 
 
 
 
 
1st
$
2,574

 
$
7

 
$
2,581

 
$
2,198

 
$
4

 
$
2,202

2nd
2,537

 
(4
)
 
2,533

 
2,159

 
(2
)
 
2,157

3rd
2,372

 
(1
)
 
2,371

 
2,014

 
—

 
2,014

4th


 


 
4,278

 


 


 
3,698

Full Year


 


 
$
11,763

 


 


 
$
10,071

 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
1st
$
2,292

 
$
6

 
$
2,298

 
$
1,929

 
$
3

 
$
1,932

2nd
2,317

 
(3
)
 
2,314

 
1,949

 
—

 
1,949

3rd
2,274

 
(1
)
 
2,273

 
1,911

 
1

 
1,912

4th
2,391

 
(2
)
 
2,389

 
2,020

 
(1
)
 
2,019

Full Year
$
9,274

 
$
—

 
$
9,274

 
$
7,809

 
$
3

 
$
7,812


 
Earnings before interest expense, income taxes, and noncontrolling interests
 
Net Income
 
 As Reported
 
Reclass
 
As Reclassified
 
Revision
 
 As Revised
 
 As Reported
 
Revision
 
 As Revised
Quarter
(Millions)
 
(Millions)
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1st
$
117

 
$
—

 
$
117

 
$
2

 
$
119

 
$
58

 
$
2

 
$
60

2nd
113

 
—

 
113

 
(4
)
 
109

 
50

 
(3
)
 
47

3rd
104

 
—

 
104

 
5

 
109

 
54

 
3

 
57

4th


 
 
 
 
 


 
(31
)
 


 


 
(109
)
Full Year


 
 
 
 
 


 
$
306

 


 


 
$
55

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1st
$
121

 
—

 
$
121

 
$
1

 
$
122

 
$
59

 
$
2

 
$
61

2nd
27

 
(1
)
 
26

 
(3
)
 
23

 
(3
)
 
(2
)
 
(5
)
3rd
134

 
—

 
134

 
(3
)
 
131

 
83

 
(3
)
 
80

4th
135

 
—

 
135

 
(3
)
 
132

 
68

 
(6
)
 
62

Full Year
$
417

 
$
(1
)
 
$
416

 
$
(8
)
 
$
408

 
$
207

 
$
(9
)
 
$
198


 
Basic earnings (loss) per share of common stock(1)
 
Diluted earnings (loss) per share of common stock(1)
 
 As Reported
 
Revision
 
 As Revised
 
 As Reported
 
Revision
 
 As Revised
Quarter
(Millions)
 
(Millions)
2018
 
 
 
 
 
 
 
 
 
 
 
1st
$
1.13

 
$
0.04

 
$
1.17

 
$
1.13

 
$
0.04

 
$
1.17

2nd
0.98

 
(0.06
)
 
0.92

 
0.98

 
(0.06
)
 
0.92

3rd
1.05

 
0.06

 
1.11

 
1.05

 
0.06

 
1.11

4th


 


 
(1.35
)
 


 


 
(1.35
)
Full Year


 


 
$
0.93

 


 


 
$
0.93

 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
1st
$
1.10

 
$
0.03

 
$
1.13

 
$
1.09

 
$
0.03

 
$
1.12

2nd
(0.05
)
 
(0.04
)
 
(0.09
)
 
(0.05
)
 
(0.04
)
 
(0.09
)
3rd
1.57

 
(0.04
)
 
1.53

 
1.57

 
(0.04
)
 
1.53

4th
1.33

 
(0.14
)
 
1.19

 
1.33

 
(0.14
)
 
1.19

Full Year
$
3.93

 
$
(0.18
)
 
$
3.75

 
$
3.91

 
$
(0.18
)
 
$
3.73


 

(1) The sum of the quarters may not equal the total of the respective year’s earnings per share on either a basic or diluted basis due to changes in the weighted average shares outstanding throughout the year.