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QUARTERLY FINANCIAL DATA
12 Months Ended
Dec. 31, 2018
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
 
2018
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
4,944

 
$
5,742

 
$
5,575

 
$
5,704

 
Operating income
 
616

 
972

 
798

 
820

 
Income before income taxes
 
602

 
960

 
786

 
817

 
Net income
 
463

 
733

 
615

 
654

 
Net income per share, basic
 
0.79

 
1.27

 
1.08

 
1.17

 
Net income per share, diluted
 
0.79

 
1.27

 
1.08

 
1.17

 
 
 
 
 
 
 
 
 
 
 
 
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
 
 
As Recast
 
As Recast
 
As Recast
 
As Recast
 
2017
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
4,854

 
$
5,731

 
$
5,303

 
$
5,258

 
Operating income
 
606

 
1,215

 
845

 
741

 
Income before income taxes
 
532

 
1,165

 
832

 
736

 
Net income
 
339

 
743

 
528

 
1,747

(a)
Net income per share, basic
 
0.55

 
1.23

 
0.88

 
2.95

(a)
Net income per share, diluted
 
0.55

 
1.23

 
0.88

 
2.94

(a)


(a) Includes a $1.3 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.