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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues        
Operating Revenues $ 32,596 $ 33,789 $ 65,508 $ 67,343
Operating Expenses        
Selling, general and administrative expense 8,253 7,496 15,759 14,668
Depreciation and amortization expense 4,359 4,321 8,677 8,557
Total Operating Expenses 25,376 26,237 50,704 51,995
Operating Income 7,220 7,552 14,804 15,348
Equity in earnings (losses) of unconsolidated businesses (33) 41 (24) 38
Other income (expense), net 210 49 324 (875)
Interest expense (1,285) (785) (2,492) (1,571)
Income Before Provision For Income Taxes 6,112 6,857 12,612 12,940
Provision for income taxes (1,346) (1,542) (2,828) (2,914)
Net Income 4,766 5,315 9,784 10,026
Net income attributable to noncontrolling interests 118 116 227 247
Net income attributable to Verizon 4,648 5,199 9,557 9,779
Net Income $ 4,766 $ 5,315 $ 9,784 $ 10,026
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.10 $ 1.24 $ 2.27 $ 2.33
Weighted-average shares outstanding (in shares) 4,208 4,201 4,207 4,201
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.10 $ 1.24 $ 2.27 $ 2.33
Weighted-average shares outstanding (in shares) 4,213 4,202 4,212 4,202
Service revenues and other        
Operating Revenues        
Operating Revenues $ 27,319 $ 27,115 $ 54,471 $ 54,333
Wireless equipment        
Operating Revenues        
Operating Revenues 5,277 6,674 11,037 13,010
Operating Expenses        
Cost of services and equipment 5,778 7,488 12,204 14,611
Service        
Operating Expenses        
Cost of services and equipment $ 6,986 $ 6,932 $ 14,064 $ 14,159