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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information

 
For the Quarters Ended
 
December 31, 2019
 
September 30, 2019
 
June 30, 2019
 
March 31, 2019
 
(Amounts in millions, except per share data)
Net revenues
$
1,986

 
$
1,282

 
$
1,396

 
$
1,825

Cost of revenues
656

 
442

 
433

 
563

Operating income
454

 
247

 
336

 
570

Net income
525

 
204

 
328

 
447

Basic earnings per common share
0.68

 
0.27

 
0.43

 
0.58

Diluted earnings per common share
0.68

 
0.26

 
0.43

 
0.58


 
For the Quarters Ended
 
December 31, 2018 (1)
 
September 30, 2018
 
June 30, 2018
 
March 31, 2018
 
(Amounts in millions, except per share data)
Net revenues
$
2,381

 
$
1,512

 
$
1,641

 
$
1,965

Cost of revenues
832

 
513

 
510

 
662

Operating income
694

 
265

 
434

 
595

Net income
685

 
260

 
402

 
500

Basic earnings per common share
0.90

 
0.34

 
0.53

 
0.66

Diluted earnings per common share
0.89

 
0.34

 
0.52

 
0.65



(1)
Quarterly financial data for the quarter ended December 31, 2018, as presented above, have been revised to reflect the correction of the tax error identified during 2019, as previously discussed in Note 2.