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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues      
Operating Revenues $ 130,863 $ 126,034 $ 125,980
Operating Expenses      
Selling, general and administrative expense (including net gain on sale of divested businesses of $0, $1,774 and $1,007, respectively) 31,083 28,592 28,102
Depreciation and amortization expense 17,403 16,954 15,928
Oath goodwill impairment 4,591 0 0
Total Operating Expenses 108,585 98,609 96,731
Operating Income 22,278 27,425 29,249
Equity in losses of unconsolidated businesses (186) (77) (98)
Other income (expense), net 2,364 (2,021) (3,789)
Interest expense (4,833) (4,733) (4,376)
Income Before (Provision) Benefit For Income Taxes 19,623 20,594 20,986
(Provision) benefit for income taxes (3,584) 9,956 (7,378)
Net Income 16,039 30,550 13,608
Net income attributable to noncontrolling interests 511 449 481
Net income attributable to Verizon 15,528 30,101 13,127
Net Income $ 16,039 $ 30,550 $ 13,608
Basic Earnings Per Common Share      
Basic Earnings Per Share Attributable to Verizon (in USD per share) $ 3.76 $ 7.37 $ 3.22
Basic, Weighted-average shares outstanding (in shares) 4,128 4,084 4,080
Diluted Earnings Per Common Share      
Diluted, Net income attributable to Verizon (in USD per share) $ 3.76 $ 7.36 $ 3.21
Diluted, Weighted-average shares outstanding (in shares) 4,132 4,089 4,086
Service and other      
Operating Revenues      
Operating Revenues $ 108,605 $ 107,145 $ 108,468
Service      
Operating Expenses      
Cost of services and equipment 32,185 30,916 30,463
Wireless equipment      
Operating Revenues      
Operating Revenues 22,258 18,889 17,512
Operating Expenses      
Cost of services and equipment $ 23,323 $ 22,147 $ 22,238