v2.4.0.8
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues $ 120,550 $ 115,846 $ 110,875
Operating Expenses      
Cost of services and sales (exclusive of items shown below) 44,887 46,275 45,875
Selling, general and administrative expense 27,089 39,951 35,624
Depreciation and amortization expense 16,606 16,460 16,496
Total Operating Expenses 88,582 102,686 97,995
Operating Income 31,968 13,160 12,880
Equity in earnings of unconsolidated businesses 142 324 444
Other income and (expense), net (166) (1,016) (14)
Interest expense (2,667) (2,571) (2,827)
Income Before (Provision) Benefit For Income Taxes 29,277 9,897 10,483
(Provision) Benefit for income taxes (5,730) 660 (285)
Net Income 23,547 10,557 10,198
Net income attributable to noncontrolling interests 12,050 9,682 7,794
Net income attributable to Verizon 11,497 875 2,404
Net Income $ 23,547 $ 10,557 $ 10,198
Basic Earnings Per Common Share      
Net income attributable to Verizon $ 4.01 $ 0.31 $ 0.85
Weighted-average shares outstanding (in millions) 2,866 2,853 2,833
Diluted Earnings Per Common Share      
Net income attributable to Verizon $ 4.00 $ 0.31 $ 0.85
Weighted-average shares outstanding (in millions) 2,874 2,862 2,839