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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Data [Abstract]  
Quarterly Financial Information
Supplementary Data — Quarterly Financial Data — Unaudited
The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2013. This quarterly information has been prepared on the same basis as the Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the periods presented.
Quarterly Financial Data
(Unaudited, in millions, except per share amounts)
 
Quarter Ended
 
March 31
 
June 30
 
September 30(1)
 
December 31
2013
 
 
 
 
 
 
 
Net revenues
$
3,748

 
$
3,877

 
$
3,892

 
$
4,530

Gross profit
$
2,596

 
$
2,666

 
$
2,668

 
$
3,081

Net income
$
677

 
$
640

 
$
689

 
$
850

Net income per share-basic
0.52

 
0.49

 
0.53

 
0.66

Net income per share-diluted
$
0.51

 
$
0.49

 
$
0.53

 
$
0.65

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,295

 
1,297

 
1,295

 
1,295

Diluted
1,319

 
1,313

 
1,310

 
1,310

 
 
 
 
 
 
 
 



 
Quarter Ended
 
March 31
 
June 30 (2)
 
September 30
 
December 31
2012
 
 
 
 
 
 
 
Net revenues
$
3,277

 
$
3,398

 
$
3,404

 
$
3,992

Gross profit
$
2,294

 
$
2,411

 
$
2,382

 
$
2,769

Net income
$
570

 
$
692

 
$
597

 
$
751

Net income per share-basic
$
0.44

 
$
0.54

 
$
0.46

 
$
0.58

Net income per share-diluted
$
0.44

 
$
0.53

 
$
0.45

 
$
0.57

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,288

 
1,291

 
1,292

 
1,294

Diluted
1,308

 
1,309

 
1,314

 
1,318

(1)
The quarterly financial information includes a $75 million gain on the sale of our investments in RueLaLa and ShopRunner.    
(2)
The quarterly financial information includes a $118 million gain on the divestiture of a business. See "Note 3 - Business Combinations and Divestitures" to the consolidated financial statements included in this report.