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Supplementary Data — Quarterly Financial Data — Unaudited
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Supplementary Data — Quarterly Financial Data — Unaudited
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, 2016. 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
 
December 31
2016
 
 
 
 
 
 
 
Net revenues
$
2,137

 
$
2,230

 
$
2,217

 
$
2,395

Gross profit
$
1,660

 
$
1,737

 
$
1,719

 
$
1,856

Income from continuing operations
$
482

 
$
437

 
$
418

 
$
5,948

Income (loss) from discontinued operations, net of income taxes
—

 
(2
)
 
(5
)
 
(12
)
Net income
$
482

 
$
435

 
$
413

 
$
5,936

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.42

 
$
0.38

 
$
0.37

 
$
5.38

Discontinued operations
—

 
—

 
—

 
(0.01
)
Net income per share - basic
$
0.42

 
$
0.38

 
$
0.37

 
$
5.37

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.41

 
$
0.38

 
$
0.36

 
$
5.31

Discontinued operations
—

 
—

 
—

 
(0.01
)
Net income per share - diluted
$
0.41

 
$
0.38

 
$
0.36

 
$
5.30

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,159

 
1,144

 
1,126

 
1,106

Diluted
1,170

 
1,149

 
1,139

 
1,119


 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
2015
 
 
 
 
 
 
 
Net revenues
$
2,061

 
$
2,110

 
$
2,099

 
$
2,322

Gross profit
$
1,650

 
$
1,676

 
$
1,666

 
$
1,829

Income (loss) from continuing operations
$
449

 
$
430

 
$
545

 
$
523

Income from discontinued operations, net of income taxes
177

 
(347
)
 
(6
)
 
(46
)
Net income (loss)
$
626

 
$
83

 
$
539

 
$
477

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.37

 
$
0.35

 
$
0.45

 
$
0.44

Discontinued operations
0.14

 
(0.28
)
 
—

 
(0.04
)
Net income (loss) per share - basic
$
0.51

 
$
0.07

 
$
0.45

 
$
0.40

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.37

 
$
0.35

 
$
0.45

 
$
0.43

Discontinued operations
0.14

 
(0.28
)
 
—

 
(0.04
)
Net income (loss) per share - diluted
$
0.51

 
$
0.07

 
$
0.45

 
$
0.39

Weighted-average shares:
 
 
 
 
 
 
 
Basic
1,216

 
1,217

 
1,210

 
1,191

Diluted
1,229

 
1,225

 
1,223

 
1,204