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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net Revenue $ 2,880 $ 2,530 $ 8,020 $ 7,150
Operating Expenses        
General and administrative 933 883 2,731 2,343
Advertising and marketing 184 184 503 502
Depreciation and amortization 93 94 281 273
Provision for litigation settlements 0 0 107 61
Total operating expenses 1,210 1,161 3,622 3,179
Operating income 1,670 1,369 4,398 3,971
Other Income (Expense)        
Investment income 12 5 32 20
Interest expense (23) (15) (65) (49)
Other income (expense), net (26) (7) (30) (9)
Total other income (expense) (37) (17) (63) (38)
Income before income taxes 1,633 1,352 4,335 3,933
Income tax expense 449 375 1,209 1,015
Net Income $ 1,184 $ 977 $ 3,126 $ 2,918
Basic Earnings per Share $ 1.08 $ 0.86 $ 2.84 $ 2.57
Basic Weighted-Average Shares Outstanding 1,096 1,130 1,101 1,136
Diluted Earnings per Share $ 1.08 $ 0.86 $ 2.83 $ 2.56
Diluted Weighted-Average Shares Outstanding [1] 1,099 1,133 1,104 1,139
[1] For the periods presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.