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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Note Q. Quarterly Financial Data (Unaudited)
The following tables present unaudited quarterly financial data.
2015
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,352

 
$
2,327

 
$
2,153

 
$
2,269

 
$
9,101

Net income (loss) (a)
$
233

 
$
138

 
$
178

 
$
(70
)
 
$
479

Basic earnings (loss) per share
$
0.86

 
$
0.51

 
$
0.66

 
$
(0.26
)
 
$
1.77

Diluted earnings (loss) per share
$
0.86

 
$
0.51

 
$
0.66

 
$
(0.26
)
 
$
1.77

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) (b)
$
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


(a)
Net income in the fourth quarter of 2015 included a charge related to recognition of a premium deficiency in our long term care business.
(b)
Net income in the first quarter of 2014 included the impairment loss on the sale of CAC.