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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues    
Operating Revenues $ 31,610 $ 32,128
Operating Expenses    
Selling, general and administrative expense 8,585 7,198
Depreciation and amortization expense 4,150 4,231
Total Operating Expenses 25,031 24,419
Operating Income 6,579 7,709
Equity in losses of unconsolidated businesses (12) (6)
Other income, net 143 295
Interest expense (1,034) (1,210)
Income Before Provision For Income Taxes 5,676 6,788
Provision for income taxes (1,389) (1,628)
Net Income 4,287 5,160
Net income attributable to noncontrolling interests 131 128
Net income attributable to Verizon 4,156 5,032
Net Income $ 4,287 $ 5,160
Basic Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.00 $ 1.22
Weighted-average shares outstanding (in shares) 4,139 4,138
Diluted Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.00 $ 1.22
Weighted-average shares outstanding (in shares) 4,141 4,140
Service and Other    
Operating Revenues    
Operating Revenues $ 27,481 $ 27,197
Service    
Operating Expenses    
Cost of services and equipment 7,754 7,792
Wireless equipment    
Operating Revenues    
Operating Revenues 4,129 4,931
Operating Expenses    
Cost of services and equipment $ 4,542 $ 5,198