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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Revenues $ 29,420 $ 28,242
Operating Expenses    
Cost of services and sales (exclusive of items shown below) 10,932 11,319
Selling, general and administrative expense 8,148 7,700
Depreciation and amortization expense 4,118 4,028
Total Operating Expenses 23,198 23,047
Operating Income 6,222 5,195
Equity in earnings of unconsolidated businesses (5) 103
Other income and (expense), net 39 19
Interest expense (537) (685)
Income Before Provision For Income Taxes 5,719 4,632
Provision for income taxes (864) (726)
Net Income 4,855 3,906
Net income attributable to noncontrolling interest 2,903 2,220
Net income attributable to Verizon 1,952 1,686
Net Income $ 4,855 $ 3,906
Basic Earnings Per Common Share    
Net income attributable to Verizon $ 0.68 $ 0.59
Weighted-average shares outstanding (in millions) 2,866 2,842
Diluted Earnings Per Common Share    
Net income attributable to Verizon $ 0.68 $ 0.59
Weighted-average shares outstanding (in millions) 2,872 2,849
Dividends declared per common share $ 0.515 $ 0.500