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Unaudited Quarterly Information
12 Months Ended
Dec. 31, 2016
Unaudited Quarterly Information [Abstract]  
Unaudited Quarterly Information [Text Block]
Unaudited Quarterly Information

Summarized quarterly financial data is as follows:
 
Year Ended December 31, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(in millions)
Revenues
$
1,320

 
$
807

 
$
978

 
$
1,349

Operating income
166

 
18

 
26

 
108

Net income
120

 
6

 
43

 
76

 
Year Ended December 31, 2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter (1)
 
Fourth
Quarter (2)
 
(in millions)
Revenues
$
1,817

 
$
824

 
$
799

 
$
1,087

Operating income
160

 
27

 
18

 
108

Net income (loss)
109

 
22

 
(508
)
 
(535
)

(1)
CERC recognized $862 million ($537 million after tax) in impairment charges related to Enable during the three months ended September 30, 2015.

(2)
CERC recognized $984 million ($620 million after tax) in impairment charges related to Enable during the three months ended December 31, 2015.