XML 23 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenues    
Operating Revenues $ 33,485 $ 32,981
Operating Expenses    
Selling, general and administrative expense 7,874 8,143
Depreciation and amortization expense 4,577 4,445
Total Operating Expenses 25,507 25,460
Operating Income 7,978 7,521
Equity in earnings (losses) of unconsolidated businesses 6 (9)
Other income, net 121 198
Interest expense (1,632) (1,635)
Income Before Provision For Income Taxes 6,473 6,075
Provision for income taxes (1,490) (1,353)
Net Income 4,983 4,722
Net income attributable to noncontrolling interests 104 120
Net income attributable to Verizon 4,879 4,602
Net Income $ 4,983 $ 4,722
Basic Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.16 $ 1.09
Weighted-average shares outstanding (in shares) 4,222 4,215
Diluted Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.15 $ 1.09
Weighted-average shares outstanding (in shares) 4,226 4,219
Service revenues and other    
Operating Revenues    
Operating Revenues $ 28,087 $ 27,620
Wireless equipment    
Operating Revenues    
Operating Revenues 5,398 5,361
Operating Expenses    
Cost of services and equipment 6,106 5,905
Service    
Operating Expenses    
Cost of services and equipment $ 6,950 $ 6,967