XML 63 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Information (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (unaudited)
Quarterly Information (unaudited)
The following tables present certain unaudited quarterly financial information for fiscal 2018 and 2017. This supplemental quarterly financial information reflects all normal recurring adjustments, in the opinion of management, necessary to fairly state our results of operations for the periods presented when read in conjunction with the accompanying Consolidated Financial Statements and related Notes.
In millions, except per share amounts
March 31
 
June 30
 
September 30
 
December 31 (1)
2018
 
 
 
 
 
 
 
Total revenues
$
506

 
$
544

 
$
526

 
$
588

Gross profit
$
223

 
$
250

 
$
264

 
$
289

Operating (loss) income
$
(4
)
 
$
10

 
$
14

 
$
23

Net (loss) income
$
(7
)
 
$
4

 
$
18

 
$
15

Net (loss) income per share:
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
0.03

 
$
0.15

 
$
0.13

Diluted
$
(0.06
)
 
$
0.03

 
$
0.15

 
$
0.13

2017
 
 
 
 
 
 
 
Total revenues
$
491

 
$
513

 
$
526

 
$
626

Gross profit
$
225

 
$
242

 
$
250

 
$
307

Operating (loss) income
$
—

 
$
(1
)
 
$
9

 
$
60

Net (loss) income
$
(2
)
 
$
(4
)
 
$
13

 
$
(74
)
Net (loss) income per share:
 
 
 
 
 
 
 
Basic
$
(0.02
)
 
$
(0.03
)
 
$
0.11

 
$
(0.61
)
Diluted
$
(0.02
)
 
$
(0.03
)
 
$
0.10

 
$
(0.61
)

(1) Loss from operations for the three months ended December 31, 2017 includes $126 million tax impact related to 2017 U.S. Tax Reform.