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Quarterly Information (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY INFORMATION (UNAUDITED)
QUARTERLY INFORMATION (UNAUDITED)
 
 
 
 
 
Earnings from
Continuing Operations
 
 
 
Earnings from
Continuing
Operations per
Common Share
 
Net Earnings per
Common Share
 
 
Revenue
 
 
Net Earnings
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
(In thousands, except per share amounts)
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First quarter
 
$
1,536,276

 
34,876

 
34,321

 
0.68

 
0.68

 
0.67

 
0.67

Second quarter
 
1,563,860

 
46,767

 
46,723

 
0.92

 
0.91

 
0.92

 
0.91

Third quarter
 
1,573,295

 
64,311

 
75,091

 
1.26

 
1.26

 
1.47

 
1.47

Fourth quarter
 
1,583,536

 
54,945

 
53,844

 
1.07

 
1.07

 
1.05

 
1.05

Full year
 
$
6,256,967

 
200,899

 
209,979

 
3.93

 
3.91

 
4.11

 
4.09

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First quarter
 
$
1,425,376

 
25,857

 
25,125

 
0.50

 
0.50

 
0.49

 
0.48

Second quarter
 
1,513,344

 
40,914

 
40,033

 
0.80

 
0.79

 
0.78

 
0.77

Third quarter
 
1,570,720

 
56,933

 
56,524

 
1.11

 
1.10

 
1.10

 
1.10

Fourth quarter
 
1,541,094

 
47,664

 
48,095

 
0.93

 
0.92

 
0.94

 
0.93

Full year
 
$
6,050,534

 
171,368

 
169,777

 
3.34

 
3.31

 
3.31

 
3.28


Quarterly and year-to-date computations of per share amounts are made independently; therefore, the sum of per-share amounts for the quarters may not equal per-share amounts for the year.
See Note 4, “Discontinued Operations,” Note 5, “Restructuring and Other Charges,” and Note 26, “Other Items Impacting Comparability,” for items included in earnings during 2012 and 2011.
Earnings in the first quarter of 2012 included an income tax benefit of $5 million, or $0.10 per diluted common share, related a favorable resolution of a tax item from prior periods. Earnings in the third quarter of 2012 included an income tax charge of $1 million, or $0.02 per diluted common share, relating to a tax law change in the UK.
Earnings in the second quarter of 2011 included an income tax charge of $5 million, or $0.10 per diluted common share, related to a tax law change in Michigan. Earnings in the third quarter of 2011 included an income tax benefit of $1 million, or $0.01 per diluted common share, associated with the deduction of acquisition-related transaction costs incurred in a prior year.