Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial data

Quarterly financial data for 2015 and 2014 was as follows:

(In millions, except per share data)
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
2015
Total revenue	$	1,275	$	1,298	$	1,313	$	1,368	$	5,254
Cost of processing and services	542		542		541		553		2,178
Cost of product	181		168		172		210		731
Selling, general and administrative expenses	238		262		258		276		1,034
Total expenses	961		972		971		1,039		3,943
Operating income	314		326		342		329		1,311
Income from continuing operations (1)	178		127		218		189		712
Net income (1)	178		127		218		189		712
Comprehensive income	170		132		209		190		701
Net income per share - continuing operations: (2)
Basic	$	0.75	$	0.54	$	0.94	$	0.83	$	3.04
Diluted	$	0.73	$	0.53	$	0.92	$	0.81	$	2.99
2014
Total revenue	$	1,234	$	1,253	$	1,263	$	1,316	$	5,066
Cost of processing and services	541		532		537		554		2,164
Cost of product	180		171		168		198		717
Selling, general and administrative expenses	242		243		243		247		975
Total expenses	963		946		948		999		3,856
Operating income	271		307		315		317		1,210
Income from continuing operations	168		166		239		181		754
Net income	168		166		239		181		754
Comprehensive income	174		171		231		175		751
Net income per share - continuing operations: (2)
Basic	$	0.66	$	0.66	$	0.96	$	0.75	$	3.04
Diluted	$	0.65	$	0.65	$	0.95	$	0.73	$	2.99

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(1) In May 2015, the Company recorded a pre-tax loss on early debt extinguishment of $85 million associated with the redemption of certain of its senior notes funded from the proceeds of a public offering of senior notes. Refer to Note 5 for more information regarding the Company's long-term debt.

(2) Net income per share in each period is calculated using actual, unrounded amounts.