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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | 22. QUARTERLY FINANCIAL DATA
Unaudited | For the quarter ended
| March 31, | June 30, | September 30, | December 31,
2016 |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 7,405 |  |  | $ | 7,061 |  |  | $ | 4,917 |  |  | $ | 5,211 |  |
Cost of goods sold | 4,242 |  |  | 3,990 |  |  | 3,090 |  |  | 3,147 |  |
Employee separation / asset related charges, net 2 | 77 |  |  | (90 | ) |  | 172 |  |  | 393 |  |
Income (loss) from continuing operations before income taxes | 1,635 |  | 3,4,5 | 1,333 |  | 3,4 | (56 | ) | 3 | 353 |  | 3
Net income | 1,232 |  |  | 1,024 |  |  | 6 |  |  | 263 |  |
Basic earnings per share of common stock from continuing operations 1 | 1.40 |  |  | 1.17 |  |  | 0.01 |  |  | 0.29 |  |
Diluted earnings per share of common stock from continuing operations 1 | 1.39 |  |  | 1.16 |  |  | 0.01 |  |  | 0.29 |  |
2015 |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 7,837 |  |  | $ | 7,121 |  |  | $ | 4,873 |  |  | $ | 5,299 |  |
Cost of goods sold | 4,516 |  |  | 4,103 |  |  | 3,084 |  |  | 3,409 |  |
Employee separation / asset related charges, net 2 | 38 |  |  | 2 |  |  | — |  |  | 770 |  |
Income (loss) from continuing operations before income taxes | 1,551 |  | 6,7,8 | 1,234 |  | 6,9 | 227 |  | 6,7 | (421 | ) | 7,9,10
Net income | 1,035 |  |  | 945 |  |  | 235 |  |  | (256 | ) |
Basic earnings per share of common stock from continuing operations 1 | 1.12 |  |  | 1.07 |  |  | 0.14 |  |  | (0.26 | ) |
Diluted earnings per share of common stock from continuing operations 1 | 1.11 |  |  | 1.06 |  |  | 0.14 |  |  | (0.26 | ) |
1. | Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
2. | See Note 4 for additional information.
3. | First, second, third and fourth quarter 2016 included charges of $(24), $(76), $(122), and $(164), respectively, recorded in selling, general and administrative expenses related to transaction costs associated with the planned merger with the Dow Chemical Company announced on December 11, 2015. See Note 2 for additional information.
4. | First quarter 2016 included a benefit of $23, in other operating charges, for reductions in the accrual for customer claims related to the use of the Imprelis® herbicide. The company recorded insurance recoveries of $30 in the second quarter 2016, in other operating charges, for recovery of costs for customer claims related to the use of the Agriculture's segment Imprelis® herbicide.
5. | First quarter 2016 included a gain of $369 recorded in other income, net associated with the sale of the DuPont (Shenzhen) Manufacturing Limited entity, which held certain buildings and other assets. See Note 3 for additional information.
6. | First and third quarter 2015 included charges of $(12) and $(9), respectively, recorded in other operating charges associated with transaction costs related to the separation of the Performance Chemicals segment. Second quarter 2015 included charges of $(5) recorded in other operating charges and $(20) recorded in interest expense. See Note 3 for additional information.
7. | First and third quarter 2015 included net insurance recoveries of $35 and $147, respectively, recorded in other operating charges in the Agriculture segment, for recovery of costs for customer claims related to the use of the Imprelis® herbicide. Fourth quarter 2015 included a benefit of $130 in other operating charges for reduction in accrual for customer claims related to the use of the Agriculture segment’s Imprelis® herbicide.
8. | First quarter 2015 included a $(40) pre-tax charge within other income, net associated with the re-measurement of the Ukraine hyrvnia net monetary assets.
9. | Second and fourth quarter 2015 included gains of $112 and $33, respectively, net of legal expenses, recorded in other income, net related to the company's settlement of a legal claim. This matter relates to the Protection Solutions segment.
10. | Fourth quarter 2015 included charges of $(10) recorded in selling, general and administrative expenses related to transaction costs associated with the planned merger with the Dow Chemical Company announced on December 11, 2015. See Note 2 for additional information.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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