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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Processing and services $ 1,186 $ 1,159 $ 2,364 $ 2,281
Product 200 204 416 413
Total revenue 1,386 1,363 2,780 2,694
Expenses:        
Cost of processing and services 573 547 1,143 1,100
Cost of product 175 180 357 361
Selling, general and administrative 276 274 553 532
Gain on sale of business (10) 0 (10) 0
Total expenses 1,014 1,001 2,043 1,993
Operating income 372 362 737 701
Interest expense (44) (40) (86) (80)
Interest and investment income (loss), net 2 0 2 (7)
Income before income taxes and income from investment in unconsolidated affiliate 330 322 653 614
Income tax provision (109) (110) (211) (259)
Income from investment in unconsolidated affiliate 0 0 26 146
Net income $ 221 $ 212 $ 468 $ 501
Net income per share – basic (in dollars per share) $ 1.05 $ 0.95 $ 2.20 $ 2.25
Net income per share – diluted (in dollars per share) $ 1.02 $ 0.94 $ 2.15 $ 2.21
Shares used in computing net income per share:        
Basic (in shares) 211.8 222.0 213.2 222.8
Diluted (in shares) 216.3 225.6 217.8 226.5