The following is a summary of the quarterly results of operations for the years ended December 31, 2017 and 2016, respectively (in millions, except per share data):



2017	March 31		June 30⁽²⁾			September 30			December 31⁽³⁾			Full Year
Total revenue	$	1,013.7	$	1,094.6		$	1,096.3		$	1,172.4		$	4,377.0
Cost of goods sold	641.1		690.0			702.5			746.0			2,779.6
Net income (loss)	65.9		(18.9		)	56.3			(55.6		)	47.7
Net income (loss) attributable to controlling interests	64.1		(20.8		)	54.9			(61.5		)	36.7
Basic net income (loss) per share	0.27		(0.09		)	0.23			(0.26		)	0.15
Diluted net income (loss) per share	0.26		(0.09		)	0.22			(0.26		)	0.15

2016⁽¹⁾	March 31		June 30⁽²⁾			September 30			December 31⁽⁴⁾			Full Year
Total revenue	$	963.2	$	1,070.6		$	1,026.3		$	1,032.6		$	4,092.7
Cost of goods sold	606.4		649.0			630.4			641.8			2,527.6
Net income (loss)	32.8		52.3			(5.4		)	(35.1		)	44.6
Net income (loss) attributable to controlling interests	31.9		50.7			(6.6		)	(37.2		)	38.8
Basic net income (loss) per share	0.13		0.21			(0.03		)	(0.16		)	0.16
Diluted net income (loss) per share	0.13		0.21			(0.03		)	(0.16		)	0.16

(1) The results include the impact of revenue corrections which revised previously reported financial data in all interim periods during the year ended December 31, 2016. See further discussion in Note 2.

(2) During the three months ended June 30, 2017, the Company recorded a loss in conjunction with the deconsolidation of its Venezuelan subsidiary of $70.9 million. During the three months ended June 30, 2016, the Company recorded an impairment charge of $10.5 million, based on our evaluation of the carrying value associated with our real estate investment in Venezuela. See further discussion in Note 25.

(3) During the three months ended December 31, 2017, the Company recorded a provisional net tax charge of $107.8 million ($112.5 million of net loss attributable to controlling interests) associated with the U.S. Tax Cuts and Jobs Act legislation, resulting primarily from the write-down of net deferred tax assets to the lower enacted U.S. corporate tax rate of 21%. The provisionally estimated net tax charge reflects Axalta's current estimate of the new legislation’s impact, which may differ with further regulatory guidance, changes in Axalta's current interpretations and assumptions. Also during the three months ended December 31, 2017, we recorded restructuring costs associated with our Axalta Way initiatives of $28.7 million.

(4) During the three months ended December 31, 2016, the Company recorded an impairment charge of $57.9 million, based on our evaluation of the carrying value associated with our long-lived operating assets in Venezuela. See further discussion in Note 25. Also during the three months ended December 31, 2016, we recorded restructuring costs associated with our Axalta Way initiatives for $36.6 million.