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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues      
Operating Revenues $ 136,835 $ 133,613 $ 128,292
Operating Expenses      
Selling, general and administrative expense 30,136 28,658 31,573
Depreciation and amortization expense 17,099 16,206 16,720
Total Operating Expenses 106,368 101,165 99,494
Operating Income 30,467 32,448 28,798
Equity in earnings (losses) of unconsolidated businesses 44 145 (45)
Other income (expense), net 1,373 312 (539)
Interest expense (3,613) (3,485) (4,247)
Income Before Provision For Income Taxes 28,271 29,420 23,967
Provision for income taxes (6,523) (6,802) (5,619)
Net Income 21,748 22,618 18,348
Net income attributable to noncontrolling interests 492 553 547
Net income attributable to Verizon 21,256 22,065 17,801
Net Income $ 21,748 $ 22,618 $ 18,348
Basic Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 5.06 $ 5.32 $ 4.30
Weighted-average shares outstanding (in shares) 4,202 4,148 4,140
Diluted Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 5.06 $ 5.32 $ 4.30
Weighted-average shares outstanding (in shares) 4,204 4,150 4,142
Service revenues and other      
Operating Revenues      
Operating Revenues $ 109,625 $ 110,449 $ 109,872
Wireless equipment      
Operating Revenues      
Operating Revenues 27,210 23,164 18,420
Operating Expenses      
Cost of services and equipment 30,496 25,067 19,800
Service      
Operating Expenses      
Cost of services and equipment $ 28,637 $ 31,234 $ 31,401