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QUARTERLY FINANCIAL DATA
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA
QUARTERLY FINANCIAL DATA
(unaudited)
 
  
 
Three months ended
 
(in millions except per share amounts)
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
2017
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
4,883

 
$
5,744

 
$
5,271

 
$
5,274

 
Operating income
 
658

 
1,250

 
834

 
773

 
Income before income taxes
 
553

 
1,170

 
791

 
737

 
Net income
 
351

 
746

 
503

 
1,888

(a)
Net income per share, basic
 
0.57

 
1.24

 
0.84

 
3.19

(a)
Net income per share, diluted
 
0.57

 
1.23

 
0.84

 
3.18

(a)
 
 
 
 
 
 
 
 
 
 
 
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
2016
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
4,826

 
$
5,384

 
$
5,139

 
$
5,076

 
Operating income
 
944

 
1,276

 
695

 
846

 
Income before income taxes
 
816

 
1,304

 
618

 
809

 
Net income
 
513

 
820

 
388

 
522

 
Net income per share, basic
 
0.80

 
1.30

 
0.63

 
0.85

 
Net income per share, diluted
 
0.79

 
1.28

 
0.62

 
0.84

 


(a) Includes a $1.4 billion reduction in Provision for income taxes related to the Tax Cuts and Jobs Act legislation enacted in December 2017, which resulted in a re-measurement of the Company's deferred tax assets and liabilities at the new federal corporate tax rate of 21 percent. See Note 14 to the Consolidated Financial Statements for further information.