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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES $ 4,612 $ 4,406 $ 9,222 $ 6,102
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,912 1,781 3,789 2,407
Selling, general and administrative 835 968 1,706 1,205
Depreciation and amortization 1,208 1,177 2,416 1,546
Total operating expenses 3,955 3,926 7,911 5,158
OPERATING INCOME 657 480 1,311 944
OTHER INCOME (EXPENSE)        
Interest expense (335) (280) (678) (408)
Net loss on early retirement of debt (202) (1) (194) (1)
Other income (expense) 3 (13) 15 (10)
Total other income (expense) (534) (294) (857) (419)
INCOME BEFORE INCOME TAX EXPENSE 123 186 454 525
Income tax expense 49 71 180 199
NET INCOME $ 74 $ 115 $ 274 $ 326
EARNINGS PER COMMON SHARE        
BASIC (in dollars per share) $ 0.12 $ 0.19 $ 0.44 $ 0.72
DILUTED (in dollars per share) $ 0.12 $ 0.19 $ 0.44 $ 0.72
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.725 $ 0.725 $ 1.45 $ 1.45
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 619,887 598,884 619,048 451,358
DILUTED (in shares) 621,839 600,259 621,095 452,369