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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Product sales $ 2,682 $ 2,905
Services 2,793 2,708
Total consolidated revenues 5,475 5,613
Costs and expenses:    
Cost of product sales 1,251 1,329
Cost of services 964 945
Research and development 814 788
Selling, general and administrative 1,987 2,037
Restructuring and acquisition-related charges 49 135
Operating income 410 379
Non-operating income (expense):    
Investment income 13 24
Interest expense (41) (40)
Other income, net 4 10
Total non-operating income (expense) (24) (6)
Income before provision for income taxes 386 373
Income tax provision 89 82
Net income 297 291
Less: Net income attributable to the non-controlling interests (29) (39)
Net income attributable to EMC Corporation $ 268 $ 252
Net income per weighted average share, basic attributable to EMC Corporation common shareholders $ 0.14 $ 0.13
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders $ 0.14 $ 0.13
Weighted average shares, basic 1,949 1,974
Weighted average shares, diluted 1,965 1,996
Cash dividends declared per common share $ 0.12 $ 0.12