XML 24 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net revenues $ 7,531 $ 7,402 $ 7,214
Operating costs and expenses and other operating income:      
Cost of services 4,926 4,719 4,616
Selling, general and administrative 1,424 1,443 1,380
Amortization of intangible assets 90 74 72
Loss (gain) on disposition of business 4 0 (118)
Other operating (income) expense, net (14) 1 (13)
Total operating costs and expenses, net 6,430 6,237 5,937
Operating income 1,101 1,165 1,277
Other (expense) income:      
Interest expense, net (167) (151) (143)
Other (expense) income, net (8) 16 (48)
Total non-operating expenses, net (175) (135) (191)
Income before income taxes and equity in earnings of equity method investees 926 1,030 1,086
Income tax expense (182) (241) (429)
Equity in earnings of equity method investees, net of taxes 44 35 39
Net income 788 824 696
Less: Net income attributable to noncontrolling interests 52 52 51
Net income attributable to Quest Diagnostics $ 736 $ 772 $ 645
Earnings per share attributable to Quest Diagnostics’ common stockholders:      
Basic (in dollars per share) $ 5.39 $ 5.63 $ 4.58
Diluted (in dollars per share) $ 5.29 $ 5.50 $ 4.51