Segmented information

6 Months Ended

Jun. 30, 2019

Note 4 Segmented information

Our results are reported in three segments: Bell Wireless, Bell Wireline and Bell Media. Our segments reflect how we manage our business and how we classify our operations for planning and measuring performance.

To align with changes in how we manage our business and assess performance, the operating results of The Source (Bell) Electronics Inc. (The Source) are now entirely included within our Wireless segment effective January 1, 2019, with prior periods restated for comparative purposes. Previously, The Source’s results were included within our Wireless and Wireline segments.

The following tables present financial information by segment for the three month periods ended June 30, 2019 and 2018.



FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2019	NOTE	BELL WIRELESS		BELL WIRELINE		BELL MEDIA		INTER- SEGMENT ELIMINA- TIONS		BCE
Operating revenues
External customers		2,175		3,018		737		—		5,930
Inter-segment		14		70		105		(189	)	—
Total operating revenues		2,189		3,088		842		(189	)	5,930
Operating costs	5	(1,209	)	(1,727	)	(588	)	189		(3,335	)
Segment profit ⁽¹⁾		980		1,361		254		—		2,595
Severance, acquisition and other costs	6									(39	)
Depreciation and amortization										(1,111	)
Finance costs
Interest expense										(281	)
Interest on post-employment benefit obligations	10									(15	)
Other expense	7									(56	)
Income taxes										(276	)
Net earnings										817

(1) The chief operating decision maker uses primarily one measure of profit to make decisions and assess performance, being operating revenues less

operating costs.



FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2018		NOTE	BELL WIRELESS		BELL WIRELINE		BELL MEDIA		INTER- SEGMENT ELIMINA- TIONS		BCE
Operating revenues
	External customers		2,107		3,002		677		—		5,786
	Inter-segment		14		59		114		(187	)	—
Total operating revenues			2,121		3,061		791		(187	)	5,786
Operating costs		5	(1,229	)	(1,728	)	(586	)	187		(3,356	)
Segment profit ⁽¹⁾			892		1,333		205		—		2,430
Severance, acquisition and other costs		6									(24	)
Depreciation and amortization											(1,008	)
Finance costs
	Interest expense										(246	)
	Interest on post-employment benefit obligations	10									(17	)
Other expense		7									(88	)
Income taxes											(292	)
Net earnings											755

(1) The chief operating decision maker uses primarily one measure of profit to make decisions and assess performance, being operating revenues less operating costs.

The following tables present financial information by segment for the six month periods ended June 30, 2019 and 2018.



FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2019	NOTE	BELL WIRELESS		BELL WIRELINE		BELL MEDIA		INTER- SEGMENT ELIMINA- TIONS		BCE
Operating revenues
External customers		4,274		6,013		1,377		—		11,664
Inter-segment		27		139		210		(376	)	—
Total operating revenues		4,301		6,152		1,587		(376	)	11,664
Operating costs	5	(2,416	)	(3,452	)	(1,168	)	376		(6,660	)
Segment profit ⁽¹⁾		1,885		2,700		419		—		5,004
Severance, acquisition and other costs	6									(63	)
Depreciation and amortization										(2,214	)
Finance costs
Interest expense										(564	)
Interest on post-employment benefit obligations	10									(31	)
Other income	7									45
Income taxes										(569	)
Net earnings										1,608

(1) The chief operating decision maker uses primarily one measure of profit to make decisions and assess performance, being operating revenues less operating costs.



FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2018		NOTE	BELL WIRELESS		BELL WIRELINE		BELL MEDIA		INTER- SEGMENT ELIMINA- TIONS		BCE

Operating revenues
	External customers		4,115		5,953		1,308		—		11,376
	Inter-segment		27		117		232		(376	)	—
Total operating revenues			4,142		6,070		1,540		(376	)	11,376
Operating costs		5	(2,439	)	(3,424	)	(1,205	)	376		(6,692	)
Segment profit ⁽¹⁾			1,703		2,646		335		—		4,684
Severance, acquisition and other costs		6									(24	)
Depreciation and amortization											(2,000	)
Finance costs
	Interest expense										(486	)
	Interest on post-employment benefit obligations	10									(34	)
Other expense		7									(149	)
Income taxes											(527	)
Net earnings											1,464

(1) The chief operating decision maker uses primarily one measure of profit to make decisions and assess performance, being operating revenues less operating costs.

Revenues by services and products



	THREE MONTHS		SIX MONTHS
FOR THE PERIOD ENDED JUNE 30	2019	2018	2019	2018
Services⁽¹⁾
Wireless	1,606	1,566	3,160	3,068
Data	1,929	1,869	3,814	3,689
Voice	897	953	1,804	1,901
Media	737	677	1,377	1,308
Other services	62	64	121	127
Total services	5,231	5,129	10,276	10,093
Products⁽²⁾
Wireless	569	541	1,114	1,047
Data	120	98	253	202
Equipment and other	10	18	21	34
Total products	699	657	1,388	1,283
Total operating revenues	5,930	5,786	11,664	11,376

(1) Our service revenues are generally recognized over time.

(2) Our product revenues are generally recognized at a point in time.