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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
 
(dollars in millions, except per share amounts)
 
Quarter Ended
First Quarter

 
Second Quarter

 
Third Quarter

 
Fourth Quarter

 
Full Year

2019
 
 
 
 
 
 
 
 
 
Operating Revenues
$
32,128

 
$
32,071

 
$
32,894

 
$
34,775

 
$
131,868

Operating Income
7,709

 
7,850

 
8,180

 
6,639

 
30,378

Net Income
5,160

 
4,074

 
5,337

 
5,217

 
19,788

Net Income Attributable to Verizon
5,032

 
3,944

 
5,194

 
5,095

 
19,265

Basic Earnings Per Share Attributable to Verizon(1)
$
1.22

 
$
0.95

 
$
1.26

 
$
1.23

 
$
4.66

Diluted Earnings Per Share Attributable to Verizon(1)
$
1.22

 
$
0.95

 
$
1.25

 
$
1.23

 
$
4.65

 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
Operating Revenues
$
31,772

 
$
32,203

 
$
32,607

 
$
34,281

 
$
130,863

Operating Income
7,349

 
6,617

 
7,675

 
637

 
22,278

Net Income
4,666

 
4,246

 
5,062

 
2,065

 
16,039

Net Income Attributable to Verizon
4,545

 
4,120

 
4,924

 
1,939

 
15,528

Basic Earnings Per Share Attributable to Verizon(1)
$
1.11

 
$
1.00

 
$
1.19

 
$
0.47

 
$
3.76

Diluted Earnings Per Share Attributable to Verizon(1)
$
1.11

 
$
1.00

 
$
1.19

 
$
0.47

 
$
3.76


(1) Net income attributable to Verizon per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount.

Results of operations for 2019 and 2018 include the following after-tax charges (credits) attributable to Verizon:
 
 
 
 
 
 
 
 
 
(dollars in millions)
 
 
2019
 
2018
 
First Quarter

 
Second Quarter

 
Third Quarter

 
Fourth Quarter

 
First Quarter

 
Second Quarter

 
Third Quarter

 
Fourth Quarter

Severance, pension and benefits charges (credits)
$
(71
)
 
$
—

 
$
215

 
$
108

 
$
—

 
$
250

 
$
(335
)
 
$
108

Early debt redemption costs
—

 
1,140

 
—

 
1,520

 
184

 
—

 
352

 
—

Acquisition and integration related charges
—

 
—

 
—

 
—

 
82

 
92

 
103

 
142

Product realignment charges
—

 
—

 
—

 
—

 
—

 
509

 
—

 
—

Net gain from dispositions of assets and businesses
—

 
—

 
(224
)
 
—

 
—

 
—

 
—

 
—

Disposition of preferred stock
—

 
—

 
—

 
(2,247
)
 
—

 
—

 
—

 
—

Impairment charges
—

 
—

 
—

 
214

 
—

 
—

 
—

 
4,527

Historical Wireless legal entity restructuring
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(2,065
)