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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues    
Operating Revenues $ 32,912 $ 33,554
Operating Expenses    
Selling, general and administrative expense 7,506 7,172
Depreciation and amortization expense 4,318 4,236
Total Operating Expenses 25,328 25,758
Operating Income 7,584 7,796
Equity in earnings (losses) of unconsolidated businesses 9 (3)
Other income (expense), net 114 (924)
Interest expense (1,207) (786)
Income Before Provision For Income Taxes 6,500 6,083
Provision for income taxes (1,482) (1,372)
Net Income 5,018 4,711
Net income attributable to noncontrolling interests 109 131
Net income attributable to Verizon 4,909 4,580
Net Income $ 5,018 $ 4,711
Basic Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.17 $ 1.09
Weighted-average shares outstanding (in shares) 4,207 4,201
Diluted Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.17 $ 1.09
Weighted-average shares outstanding (in shares) 4,211 4,202
Service revenues and other    
Operating Revenues    
Operating Revenues $ 27,152 $ 27,218
Wireless equipment    
Operating Revenues    
Operating Revenues 5,760 6,336
Operating Expenses    
Cost of services and equipment 6,426 7,123
Service    
Operating Expenses    
Cost of services and equipment $ 7,078 $ 7,227