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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Mar. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | Quarterly Financial Information (Unaudited) The quarterly results of operations are not necessarily indicative of the results that may be expected for the entire year. Selected quarterly financial information for the last two years is as follows:
(In millions, except per share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal 2021 |  |  |  |  |  |  |
Revenues | $ | 55,679 |  |  | $ | 60,808 |  |  | $ | 62,599 |  |  | $ | 59,142 |
Gross profit | 2,700 |  |  | 3,000 |  |  | 3,151 |  |  | 3,297 |
Income (loss) after income taxes: |  |  |  |  |  |  |
Continuing operations | $ | 495 |  |  | $ | 627 |  |  | $ | (6,174) |  |  | $ | 713 |
Discontinued operations | (1) |  |  | — |  |  | — |  |  | — |
Net income (loss) | $ | 494 |  |  | $ | 627 |  |  | $ | (6,174) |  |  | $ | 713 |
Net income (loss) attributable to McKesson Corporation | $ | 444 |  |  | $ | 577 |  |  | $ | (6,226) |  |  | $ | 666 |
Earnings (loss) per common share attributable to McKesson Corporation (1) |  |  |  |  |  |  |
Diluted (2) |  |  |  |  |  |  |
Continuing operations | $ | 2.72 |  |  | $ | 3.54 |  |  | $ | (39.03) |  |  | $ | 4.15 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
Total | $ | 2.72 |  |  | $ | 3.54 |  |  | $ | (39.03) |  |  | $ | 4.15 |
Basic |  |  |  |  |  |  |
Continuing operations | $ | 2.74 |  |  | $ | 3.56 |  |  | $ | (39.03) |  |  | $ | 4.19 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
Total | $ | 2.74 |  |  | $ | 3.56 |  |  | $ | (39.03) |  |  | $ | 4.19 |
Fiscal 2020 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Revenues | $ | 55,728 |  |  | $ | 57,616 |  |  | $ | 59,172 |  |  | $ | 58,535 |
Gross profit | 2,787 |  |  | 2,867 |  |  | 3,033 |  |  | 3,336 |
Income (loss) after income taxes: |  |  |  |  |  |  |
Continuing operations | $ | 483 |  |  | $ | (676) |  |  | $ | 247 |  |  | $ | 1,072 |
Discontinued operations | (6) |  |  | (1) |  |  | (5) |  |  | 6 |
Net income (loss) | $ | 477 |  |  | $ | (677) |  |  | $ | 242 |  |  | $ | 1,078 |
Net income (loss) attributable to McKesson Corporation | $ | 423 |  |  | $ | (730) |  |  | $ | 186 |  |  | $ | 1,021 |
Earnings (loss) per common share attributable to McKesson Corporation (1) |  |  |  |  |  |  |
Diluted (2) |  |  |  |  |  |  |
Continuing operations | $ | 2.27 |  |  | $ | (3.99) |  |  | $ | 1.06 |  |  | $ | 5.82 |
Discontinued operations | (0.03) |  |  | — |  |  | (0.03) |  |  | 0.03 |
Total | $ | 2.24 |  |  | $ | (3.99) |  |  | $ | 1.03 |  |  | $ | 5.85 |
Basic |  |  |  |  |  |  |
Continuing operations | $ | 2.28 |  |  | $ | (3.99) |  |  | $ | 1.06 |  |  | $ | 5.86 |
Discontinued operations | (0.03) |  |  | — |  |  | (0.02) |  |  | 0.03 |
Total | $ | 2.25 |  |  | $ | (3.99) |  |  | $ | 1.04 |  |  | $ | 5.89 |
(1)Certain computations may reflect rounding adjustments. (2)As a result of the Company’s reported net loss for the third quarter of 2021 and the second quarter of 2020, potentially dilutive securities were excluded from the per share computations for those quarters due to their antidilutive effect.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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