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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Product sales $ 3,161 $ 3,225 $ 5,843 $ 6,130
Services 2,856 2,772 5,649 5,480
Total consolidated revenues 6,017 5,997 11,492 11,610
Costs and expenses:        
Cost of product sales 1,307 1,433 2,557 2,762
Cost of services 974 977 1,939 1,922
Research and development 821 782 1,635 1,570
Selling, general and administrative 2,034 2,102 4,021 4,139
Restructuring and acquisition-related charges (1) 23 48 158
Operating income 882 680 1,292 1,059
Non-operating income (expense):        
Investment income 26 26 39 51
Interest expense (42) (41) (84) (81)
Other income (expense), net (14) 24 (9) 34
Total non-operating income (expense) (30) 9 (54) 4
Income before provision for income taxes 852 689 1,238 1,063
Income tax provision 222 170 311 252
Net income 630 519 927 811
Less: Net income attributable to the non-controlling interests (49) (32) (78) (72)
Net income attributable to EMC Corporation $ 581 $ 487 $ 849 $ 739
Net income per weighted average share, basic attributable to EMC Corporation common shareholders $ 0.30 $ 0.25 $ 0.43 $ 0.38
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders $ 0.29 $ 0.25 $ 0.43 $ 0.37
Weighted average shares, basic 1,955 1,927 1,952 1,950
Weighted average shares, diluted 1,973 1,947 1,969 1,971
Cash dividends declared per common share $ 0.12 $ 0.12 $ 0.23 $ 0.23