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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Note Q. Quarterly Financial Data (Unaudited)
The following tables present unaudited quarterly financial data.
2016
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,195

 
$
2,348

 
$
2,433

 
$
2,390

 
$
9,366

Net income (loss) (1)
$
66

 
$
209

 
$
343

 
$
241

 
$
859

Basic earnings (loss) per share
$
0.25

 
$
0.77

 
$
1.27

 
$
0.89

 
$
3.18

Diluted earnings (loss) per share
$
0.24

 
$
0.77

 
$
1.26

 
$
0.89

 
$
3.17

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) (1) (2)
$
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


(1)
Net income (loss) in the first quarter of 2016 and the second quarter of 2015 included a charge related to the application of retroactive reinsurance accounting to adverse reserve development ceded under the 2010 A&EP Loss Portfolio Transfer in our Corporate & Other Non-Core segment.
(2)
Net income (loss) in the fourth quarter of 2015 included a charge related to recognition of a premium deficiency in our long term care business.