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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(Dollars in millions)
2015
 
 
 
 
 
 
 
 
 
Operating revenues
$
2,217

 
2,222

 
2,287

 
2,238

 
8,964

Operating income
545

 
521

 
572

 
622

 
2,260

Income tax expense
167

 
152

 
171

 
169

 
659

Net income
247

 
238

 
268

 
321

 
1,074

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(Dollars in millions)
2014
 
 
 
 
 
 
 
 
 
Operating revenues
$
2,211

 
2,206

 
2,198

 
2,223

 
8,838

Operating income
542

 
546

 
528

 
496

 
2,112

Income tax expense
160

 
162

 
156

 
161

 
639

Net income
253

 
256

 
245

 
216

 
970


During the third quarter of 2015, we recognized an incremental $64 million of revenue associated with the FCC's CAF Phase 2 support program, and an additional incremental $31 million in the fourth quarter of 2015.