v2.4.0.6
Condensed Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Condensed Consolidated Statements Of Income [Abstract]    
Operating Revenues $ 28,242 $ 26,990
Operating Expenses    
Cost of services and sales (exclusive of items shown below) 11,319 11,229
Selling, general and administrative expense 7,700 7,284
Depreciation and amortization expense 4,028 4,024
Total Operating Expenses 23,047 22,537
Operating Income 5,195 4,453
Equity in earnings of unconsolidated businesses 103 101
Other income and (expense), net 19 36
Interest expense (685) (709)
Income Before Provision For Income Taxes 4,632 3,881
Provision for income taxes (726) (617)
Net Income 3,906 3,264
Net income attributable to noncontrolling interest 2,220 1,825
Net income attributable to Verizon 1,686 1,439
Net Income $ 3,906 $ 3,264
Basic Earnings Per Common Share    
Net income attributable to Verizon $ 0.59 $ 0.51
Weighted-average shares outstanding (in millions) 2,842 2,830
Diluted Earnings Per Common Share    
Net income attributable to Verizon $ 0.59 $ 0.51
Weighted-average shares outstanding (in millions) 2,849 2,834
Dividends declared per common share $ 0.5000 $ 0.4875