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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUES $ 4,571 $ 4,596 $ 13,793 $ 10,698
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,943 1,950 5,732 4,357
Selling, general and administrative 748 870 2,454 2,075
Depreciation and amortization 1,144 1,228 3,560 2,774
Total operating expenses 3,835 4,048 11,746 9,206
OPERATING INCOME 736 548 2,047 1,492
OTHER INCOME (EXPENSE)        
Interest expense (326) (324) (1,004) (732)
Net loss on early retirement of debt     (194) (1)
Other income (expense) 12 7 27 (3)
Total other income (expense) (314) (317) (1,171) (736)
INCOME BEFORE INCOME TAX EXPENSE 422 231 876 756
Income tax expense 152 93 332 292
NET INCOME $ 270 $ 138 $ 544 $ 464
EARNINGS PER COMMON SHARE        
BASIC (in dollars per share) $ 0.43 $ 0.22 $ 0.88 $ 0.91
DILUTED (in dollars per share) $ 0.43 $ 0.22 $ 0.87 $ 0.91
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.725 $ 0.725 $ 2.175 $ 2.175
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 621,148 612,277 619,748 504,919
DILUTED (in shares) 623,296 613,686 621,828 506,063