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Supplementary Financial Information | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Supplementary Financial Information | Supplementary Financial Information The components of Accounts receivable, net are as follows (in millions):
| December 31,
| 2017 |  | 2016
Accounts receivable | $ | 482 |  |  | $ | 628 |
Allowance for doubtful accounts | (3 | ) |  | (3 | )
Accounts receivable, net | $ | 479 |  |  | $ | 625 |
Prepaid expenses and other current assets consist of the following (in millions):
| December 31,
| 2017 |  | 2016
Foreign Exchange Contracts | $ | — |  |  | $ | 23 |
Other | 24 |  |  | 41 |
Prepaid expenses and other current assets | $ | 24 |  |  | $ | 64 |
The components of Accrued liabilities are as follows (in millions):
| December 31,
| 2017 |  | 2016
Accrued incentive compensation | $ | 101 |  |  | $ | 52 |
Customer reserves | 41 |  |  | 50 |
Accrued payroll | 50 |  |  | 51 |
Interest payable | 15 |  |  | 20 |
Accrued other expenses | 130 |  |  | 150 |
Accrued liabilities | $ | 337 |  |  | $ | 323 |
Summary of Quarterly Results of Operations (unaudited) (In millions):
| 2017
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
Total Net sales | $ | 865 |  |  | $ | 896 |  |  | $ | 935 |  |  | $ | 1,026 |  |  | $ | 3,722 |
Gross profit | 401 |  |  | 411 |  |  | 429 |  |  | 469 |  |  | 1,710 |
Net income (loss) | 8 |  |  | 17 |  |  | (12 | ) |  | 4 |  |  | 17 |
Net earnings per common share: |  |  |  |  |  |  |  |  |
Basic earnings (loss) per share: | $ | 0.16 |  |  | $ | 0.33 |  |  | $ | (0.23 | ) |  | $ | 0.07 |  |  | $ | 0.33 |
Diluted earnings (loss) per share: | 0.16 |  |  | 0.32 |  |  | (0.23 | ) |  | 0.07 |  |  | 0.32 |
| 2016
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
Total Net sales | $ | 849 |  |  | $ | 879 |  |  | $ | 904 |  |  | $ | 942 |  |  | $ | 3,574 |
Gross profit | 390 |  |  | 406 |  |  | 414 |  |  | 432 |  |  | 1,642 |
Net (loss) income | (26 | ) |  | (45 | ) |  | (83 | ) |  | 17 |  |  | (137 | )
Net earnings per common share: |  |  |  |  |  |  |  |  |
Basic (loss) earnings per share: | $ | (0.50 | ) |  | $ | (0.88 | ) |  | $ | (1.61 | ) |  | $ | 0.34 |  |  | $ | (2.65 | )
Diluted (loss) earnings per share: | (0.50 | ) |  | (0.88 | ) |  | (1.61 | ) |  | 0.34 |  |  | (2.65 | )

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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