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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Note R. Quarterly Financial Data (Unaudited)
The following tables set forth unaudited quarterly financial data for the years ended December 31, 2014 and 2013.
Quarterly Financial Data
2014
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,463

 
$
2,440

 
$
2,411

 
$
2,378

 
$
9,692

Net income (loss) (a)
$
13

 
$
267

 
$
213

 
$
198

 
$
691

Basic earnings (loss) per share
$
0.05

 
$
0.99

 
$
0.79

 
$
0.73

 
$
2.56

Diluted earnings (loss) per share
$
0.05

 
$
0.98

 
$
0.79

 
$
0.73

 
$
2.55


2013
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,455

 
$
2,450

 
$
2,458

 
$
2,569

 
$
9,932

Net income (loss)
$
250

 
$
194

 
$
272

 
$
221

 
$
937

Basic earnings (loss) per share
$
0.93

 
$
0.72

 
$
1.01

 
$
0.82

 
$
3.48

Diluted earnings (loss) per share (b)
$
0.93

 
$
0.72

 
$
1.01

 
$
0.82

 
$
3.47


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(a)
Net income in the first quarter of 2014 includes the impairment loss on the sale of CAC.
(b)
Due to the averaging of shares, quarterly earnings per share do not add to the total for the full year.