Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Operating Information

The following table provides operating financial information for our two reportable segments:

	Three Months Ended
	March 31,
(dollars in millions)	2020		2019
External Operating Revenues
Consumer
Service	$	16,343	$	16,261
Wireless equipment	3,377		4,166
Other	1,986		1,671
Total Consumer	21,706		22,098
Business
Global Enterprise	2,630		2,690
Small and Medium Business	2,798		2,704
Public Sector and Other	1,474		1,471
Wholesale	760		841
Total Business	7,662		7,706
Total reportable segments	$	29,368	$	29,804
Intersegment Revenues
Consumer	$	59	$	50
Business	19		13
Total reportable segments	$	78	$	63
Total Operating Revenues
Consumer	$	21,765	$	22,148
Business(1)	7,681		7,719
Total reportable segments	$	29,446	$	29,867
Operating Income
Consumer	$	7,282	$	7,250
Business	954		1,048
Total reportable segments	$	8,236	$	8,298

⁽¹⁾ Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $6.9 billion and $752 million, respectively, for the three months ended March 31, 2020, and approximately $6.9 billion and $765 million, respectively, for the three months ended March 31, 2019.

The following table provides Fios revenue for our two reportable segments:

	Three Months Ended
	March 31,
(dollars in millions)	2020		2019
Consumer	$	2,799	$	2,764
Business	262		243
Total Fios revenue	$	3,061	$	3,007

The following table provides Wireless service revenue for our reportable segments and includes intersegment activity:

	Three Months Ended
	March 31,
(dollars in millions)	2020		2019
Consumer	$	13,476	$	13,357
Business	2,881		2,694
Total Wireless service revenue	$	16,357	$	16,051

Our segments and their principal activities consist of the following:

Segment	Description
Verizon Consumer Group	Our Consumer segment provides consumer-focused wireless and wireline communications services and products. Our wireless services are provided across one of the most extensive wireless networks in the U.S. under the Verizon brand and through wholesale and other arrangements. Our wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over our 100% fiber-optic network under the Fios brand and over a traditional copper-based network to customers who are not served by Fios.
Verizon Business Group	Our Business segment provides wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various IoT services and products. We provide these products and services to businesses, government customers and wireless and wireline carriers across the U.S. and select products and services to customers around the world.

Summary of Reconciliation of Segment Operating Revenues

A reconciliation of the reportable segment operating revenues to consolidated operating revenues is as follows:

	Three Months Ended
	March 31,
(dollars in millions)	2020			2019
Total reportable segment operating revenues	$	29,446		$	29,867
Corporate and other	2,272			2,335
Eliminations	(108		)	(74		)
Total consolidated operating revenues	$	31,610		$	32,128

Summary of Reconciliation of Segment Operating Income

A reconciliation of the total reportable segment's operating income to consolidated income before provision for income taxes is as follows:

	Three Months Ended
	March 31,
(dollars in millions)	2020			2019
Total reportable segment operating income	$	8,236		$	8,298
Corporate and other	(259		)	(386		)
Other components of net periodic benefit charges (Note 8)	(203		)	(203		)
Loss on spectrum license transaction (Note 3)	(1,195		)	—
Total consolidated 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