Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data

11. Quarterly Financial Data (unaudited)

Quarterly financial data for 2012 and 2011 was as follows:

(In millions, except per share data)
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
2012
Total revenue	$	1,108	$	1,100	$	1,118	$	1,156	$	4,482
Cost of processing and services		502		480		494		493		1,969
Cost of product		159		155		150		164		628
Selling, general and administrative expenses		206		206		207		210		829
Total expenses		867		841		851		867		3,426
Operating income		241		259		267		289		1,056
Income from continuing operations		133		163		142		159		597
Net income		132		161		139		179		611
Comprehensive income		148		150		151		180		629
Net income per share - continuing operations:
Basic	$	0.96	$	1.20	$	1.05	$	1.19	$	4.40
Diluted	$	0.95	$	1.18	$	1.03	$	1.18	$	4.34
2011
Total revenue	$	1,048	$	1,065	$	1,063	$	1,161	$	4,337
Cost of processing and services		474		479		490		498		1,941
Cost of product		150		145		141		165		601
Selling, general and administrative expenses		203		190		189		217		799
Total expenses		827		814		820		880		3,341
Operating income		221		251		243		281		996
Loss on early debt extinguishment		-		61		24		-		85
Income from continuing operations		114		97		127		153		491
Net income		112		90		127		143		472
Comprehensive income		121		84		95		144		444
Net income per share - continuing operations:
Basic	$	0.78	$	0.68	$	0.90	$	1.09	$	3.44
Diluted	$	0.77	$	0.67	$	0.89	$	1.07	$	3.40