Quarterly Financial Data (Notes)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information [Text Block]


Note 20.	Quarterly Financial Data (unaudited)

The following is a summary of quarterly financial results (in millions):



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended December 31, 2013
Total revenue	$	540	$	836	$	867	$	1,101
Income before income taxes	$	170	$	264	$	239	$	210
Net income	$	106	$	178	$	161	$	121
Year Ended December 31, 2012
Total revenue	$	431	$	487	$	515	$	528
Income before income taxes	$	181	$	217	$	201	$	146
Net income	$	112	$	136	$	124	$	91

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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