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QUARTERLY FINANCIAL INFORMATION (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
A summary of our quarterly unaudited results of operations for the years ended December 31, 2018 and 2017 follows:
 
2018
 
First
 
Second
 
Third
 
Fourth
 
(in millions, except per share results)
Total revenues
$
14,279

 
$
14,259

 
$
14,206

 
$
14,168

Income before income taxes and equity in net earnings
707

 
19

 
901

 
436

Net income
491

 
193

 
644

 
355

Basic earnings per common share
$
3.56

 
$
1.40

 
$
4.68

 
$
2.60

Diluted earnings per common share (1)
$
3.53

 
$
1.39

 
$
4.65

 
$
2.58

 
 
 
 
 
 
 
 
 
2017
 
First
 
Second
 
Third
 
Fourth
 
(in millions, except per share results)
Total revenues
$
13,762

 
$
13,534

 
$
13,282

 
$
13,189

Income before income taxes
1,689

 
1,042

 
799

 
490

Net income
1,115

 
650

 
499

 
184

Basic earnings per common share (1)
$
7.54

 
$
4.49

 
$
3.46

 
$
1.30

Diluted earnings per common share (1)
$
7.49

 
$
4.46

 
$
3.44

 
$
1.29

(1)
The calculation of earnings per common share is based on the weighted average shares outstanding during each quarter and, accordingly, the sum may not equal the total for the year.