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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating Revenues $ 30,279 $ 29,007 $ 89,485 $ 85,801
Operating Expenses        
Cost of services and sales (exclusive of items shown below) 10,960 10,991 32,925 33,206
Selling, general and administrative expense 8,037 8,366 24,232 23,943
Depreciation and amortization expense 4,154 4,167 12,423 12,323
Total Operating Expenses 23,151 23,524 69,580 69,472
Operating Income 7,128 5,483 19,905 16,329
Equity in earnings of unconsolidated businesses 19 62 134 237
Other income, net 20 10 84 63
Interest expense (555) (632) (1,606) (1,996)
Income Before Provision For Income Taxes 6,612 4,923 18,517 14,633
Provision for income taxes (1,034) (631) (2,886) (2,150)
Net Income 5,578 4,292 15,631 12,483
Net income attributable to noncontrolling interests 3,346 2,699 9,201 7,379
Net income attributable to Verizon 2,232 1,593 6,430 5,104
Net Income $ 5,578 $ 4,292 $ 15,631 $ 12,483
Basic Earnings Per Common Share        
Net income attributable to Verizon $ 0.78 $ 0.56 $ 2.24 $ 1.79
Weighted-average shares outstanding (in millions) 2,866 2,857 2,866 2,850
Diluted Earnings Per Common Share        
Net income attributable to Verizon $ 0.78 $ 0.56 $ 2.24 $ 1.79
Weighted-average shares outstanding (in millions) 2,874 2,866 2,874 2,859
Dividends declared per common share $ 0.530 $ 0.515 $ 1.560 $ 1.515