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Interim Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2012
Interim Financial Information (Unaudited) | V. INTERIM FINANCIAL INFORMATION (UNAUDITED)
|  |  |  |  | (In Millions, Except Per Common Share Data) Quarters Ended |
| Total Year |  |  | December 31 |  |  | September 30 |  |  | June 30 |  |  | March 31 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,745 |  |  | $ | 1,890 |  |  | $ | 1,976 |  |  | $ | 2,004 |  |  | $ | 1,875 |
Gross profit |  | $ | 1,951 |  |  | $ | 446 |  |  | $ | 500 |  |  | $ | 520 |  |  | $ | 485 |
(Loss) income from continuing operations |  | $ | (76 | ) |  | $ | (79 | ) |  | $ | 22 |  |  | $ | (57 | ) |  | $ | 38 |
Net (loss) income |  | $ | (114 | ) |  | $ | (87 | ) |  | $ | 15 |  |  | $ | (75 | ) |  | $ | 33 |
(Loss) earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (.22 | ) |  | $ | (.23 | ) |  | $ | .06 |  |  | $ | (.17 | ) |  | $ | .11 |
Net (loss) income |  | $ | (.33 | ) |  | $ | (.25 | ) |  | $ | .04 |  |  | $ | (.22 | ) |  | $ | .09 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (.22 | ) |  | $ | (.23 | ) |  | $ | .06 |  |  | $ | (.17 | ) |  | $ | .11 |
Net (loss) income |  | $ | (.33 | ) |  | $ | (.25 | ) |  | $ | .04 |  |  | $ | (.22 | ) |  | $ | .09 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,467 |  |  | $ | 1,738 |  |  | $ | 1,978 |  |  | $ | 1,998 |  |  | $ | 1,753 |
Gross profit |  | $ | 1,784 |  |  | $ | 332 |  |  | $ | 495 |  |  | $ | 532 |  |  | $ | 425 |
(Loss) income from continuing operations |  | $ | (465 | ) |  | $ | (494 | ) |  | $ | 56 |  |  | $ | 14 |  |  | $ | (41 | )
Net (loss) income |  | $ | (575 | ) |  | $ | (573 | ) |  | $ | 36 |  |  | $ | 8 |  |  | $ | (46 | )
(Loss) earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.34 | ) |  | $ | (1.42 | ) |  | $ | .16 |  |  | $ | .04 |  |  | $ | (.12 | )
Net (loss) income |  | $ | (1.66 | ) |  | $ | (1.65 | ) |  | $ | .10 |  |  | $ | .02 |  |  | $ | (.13 | )
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.34 | ) |  | $ | (1.42 | ) |  | $ | .16 |  |  | $ | .04 |  |  | $ | (.12 | )
Net (loss) income |  | $ | (1.66 | ) |  | $ | (1.65 | ) |  | $ | .10 |  |  | $ | .02 |  |  | $ | (.13 | )
(Loss) earnings per common share amounts for the four quarters of 2012 and 2011 may not total to the earnings per common share amounts for the years ended December 31, 2012 and 2011 due to the allocation of income to unvested stock awards. Fourth quarter 2012 loss from continuing operations and net loss include non-cash impairment charges for other intangible assets of $27 million after tax ($42 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $10 million ($16 million pre-tax), $1 million ($2 million pre-tax) and $3 million ($4 million pre-tax) in the first, third and fourth quarters, respectively. Income (loss) from continuing operations and net (loss) income include after-tax charge (income) from litigation settlements of $(1) million ($(2) million pre-tax), $75 million ($75 million pre-tax), $— million ($1 million pre-tax) and $2 million ($3 million pre-tax) in the first, second, third and fourth quarters, respectively. Fourth quarter 2011 loss from continuing operations and net loss include non-cash impairment charges for goodwill and other intangible assets of $335 million after tax ($494 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $11 million ($17 million pre-tax), $21 million ($33 million pre-tax), $13 million ($19 million pre-tax) and $3 million ($4 million pre-tax) in the first, second, third and fourth quarters, respectively. Income (loss) from continuing operations and net (loss) income include after-tax charge (income) from litigation settlements of $3 million, ($5 million pre-tax), $— million ($1 million pre-tax) and $2 million ($3 million pre-tax) in the second, third and fourth quarters, respectively.

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