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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Operating Information
Our segments and their principal activities consist of the following:
SegmentDescription
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 family of brands and through wholesale and other arrangements. We also provide fixed wireless access (FWA) broadband through our wireless networks. 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 through our Verizon Fios product portfolio 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, including data, video and conferencing 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 also provide FWA broadband through our wireless networks. 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.
The following table provides operating financial information for our two reportable segments:
 Three Months EndedSix Months Ended
June 30,June 30,
(dollars in millions)2023202220232022
External Operating Revenues
Consumer
Service
$18,641 $18,149 $37,097 $36,275 
Wireless equipment
4,430 5,708 9,308 11,082 
Other(1)
1,435 1,696 2,909 3,438 
Total Consumer
24,506 25,553 49,314 50,795 
Business
Enterprise and Public Sector3,784 3,867 7,571 7,844 
Business Markets and Other(2)
3,104 3,125 6,203 6,197 
Wholesale587 623 1,186 1,270 
Total Business7,475 7,615 14,960 15,311 
Total reportable segments$31,981 $33,168 $64,274 $66,106 
Intersegment Revenues
Consumer$52 $51 $101 $101 
Business8 11 17 24 
Total reportable segments$60 $62 $118 $125 
Total Operating Revenues
Consumer$24,558 $25,604 $49,415 $50,896 
Business(3)
7,483 7,626 14,977 15,335 
Total reportable segments$32,041 $33,230 $64,392 $66,231 
Operating Income
Consumer$7,330 $7,150 $14,429 $14,469 
Business533 675 1,084 1,348 
Total reportable segments$7,863 $7,825 $15,513 $15,817 
(1) Other revenue includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, revenues associated with certain products included in our device protection offerings, leasing and interest when equipment is sold to the customer by an authorized agent under a device payment plan agreement.
(2) Referred to as Business Markets and SaaS in the first quarter of 2023.
(3) Service and other revenues included in our Business segment were approximately $6.6 billion and $6.7 billion for the three months ended June 30, 2023 and 2022, respectively, and $13.2 billion and $13.4 billion for the six months ended June 30, 2023 and 2022, respectively. Wireless equipment revenues included in our Business segment were $847 million and $966 million for the three months ended June 30, 2023 and 2022, respectively, and $1.7 billion and $1.9 billion for the six months ended June 30, 2023 and 2022, respectively.

The following table provides Fios revenue for our two reportable segments:
Three Months EndedSix Months Ended
June 30,June 30,
(dollars in millions)2023202220232022
Consumer$2,886 $2,895 $5,775 $5,806 
Business308 298 615 593 
Total Fios revenue$3,194 $3,193 $6,390 $6,399 
The following table provides Wireless service revenue for our reportable segments and includes intersegment activity:

Three Months EndedSix Months Ended
June 30,June 30,
(dollars in millions)2023202220232022
Consumer$15,762 $15,236 $31,361 $30,453 
Business3,351 3,182 6,641 6,307 
Total Wireless service revenue$19,113 $18,418 $38,002 $36,760 
Summary of Reconciliation of Segment Operating Revenues
A reconciliation of the reportable segment operating revenues to consolidated operating revenues is as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
(dollars in millions)2023202220232022
Total reportable segment operating revenues$32,041 $33,230 $64,392 $66,231 
Corporate and other
621 623 1,238 1,241 
Eliminations
(66)(64)(122)(129)
Total consolidated operating revenues$32,596 $33,789 $65,508 $67,343 
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 EndedSix Months Ended
June 30,June 30,
(dollars in millions)2023202220232022
Total reportable segment operating income$7,863 $7,825 $15,513 $15,817 
Corporate and other(344)(190)(348)(214)
Severance charges(237)— (237)— 
Other components of net periodic benefit charges (Note 8)(62)(83)(124)(255)
Total consolidated operating income7,220 7,552 14,804 15,348 
Equity in earnings (losses) of unconsolidated businesses(33)41 (24)38 
Other income (expense), net210 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