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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenues $ 29,786 $ 28,552 $ 59,206 $ 56,794
Operating Expenses        
Cost of services and sales (exclusive of items shown below) 11,033 10,896 21,965 22,215
Selling, general and administrative expense 8,047 7,877 16,195 15,577
Depreciation and amortization expense 4,151 4,128 8,269 8,156
Total Operating Expenses 23,231 22,901 46,429 45,948
Operating Income 6,555 5,651 12,777 10,846
Equity in earnings of unconsolidated businesses 120 72 115 175
Other income, net 25 34 64 53
Interest expense (514) (679) (1,051) (1,364)
Income Before Provision For Income Taxes 6,186 5,078 11,905 9,710
Provision for income taxes (988) (793) (1,852) (1,519)
Net Income 5,198 4,285 10,053 8,191
Net income attributable to noncontrolling interests 2,952 2,460 5,855 4,680
Net income attributable to Verizon 2,246 1,825 4,198 3,511
Net Income $ 5,198 $ 4,285 $ 10,053 $ 8,191
Basic Earnings Per Common Share        
Net income attributable to Verizon $ 0.78 $ 0.64 $ 1.46 $ 1.23
Weighted-average shares outstanding (in millions) 2,865 2,849 2,866 2,846
Diluted Earnings Per Common Share        
Net income attributable to Verizon $ 0.78 $ 0.64 $ 1.46 $ 1.23
Weighted-average shares outstanding (in millions) 2,872 2,858 2,873 2,854
Dividends declared per common share $ 0.515 $ 0.500 $ 1.030 $ 1.000