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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Product sales $ 13,514 $ 14,051 $ 13,690
Services 11,190 10,389 9,532
Total consolidated revenues 24,704 24,440 23,222
Costs and expenses:      
Cost of product sales 5,809 5,738 5,650
Cost of services 3,904 3,453 3,099
Research and development 3,167 2,991 2,761
Selling, general and administrative 8,533 7,982 7,338
Restructuring and acquisition-related charges 450 239 224
Operating income (expense) 2,841 4,037 4,150
Non-operating income (expense):      
Investment income 94 123 128
Interest expense (164) (147) (156)
Other income (expense), net 111 (251) (257)
Total non-operating income (expense) 41 (275) (285)
Income before provision for income taxes 2,882 3,762 3,865
Income tax provision 710 868 772
Net income 2,172 2,894 3,093
Less: Net income attributable to the non-controlling interests (182) (180) (204)
Net income attributable to EMC Corporation $ 1,990 $ 2,714 $ 2,889
Net income per weighted average share, basic attributable to EMC Corporation common shareholders $ 1.02 $ 1.34 $ 1.39
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders $ 1.01 $ 1.32 $ 1.33
Weighted average shares, basic 1,944 2,028 2,074
Weighted average shares, diluted 1,962 2,059 2,160
Cash dividends declared per common share $ 0.46 $ 0.45 $ 0.30