v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Revenues $ 31,483 $ 29,786 $ 62,301 $ 59,206
Operating Expenses        
Cost of services and sales (exclusive of items shown below) 12,087 11,033 23,276 21,965
Selling, general and administrative expense 7,550 8,047 15,882 16,195
Depreciation and amortization expense 4,161 4,151 8,298 8,269
Total Operating Expenses 23,798 23,231 47,456 46,429
Operating Income 7,685 6,555 14,845 12,777
Equity in earnings (losses) of unconsolidated businesses (43) 120 1,859 115
Other income and (expense), net 66 25 (828) 64
Interest expense (1,164) (514) (2,378) (1,051)
Income Before Provision For Income Taxes 6,544 6,186 13,498 11,905
Provision for income taxes (2,220) (988) (3,188) (1,852)
Net Income 4,324 5,198 10,310 10,053
Net income attributable to noncontrolling interests 110 2,952 2,149 5,855
Net income attributable to Verizon 4,214 2,246 8,161 4,198
Net income $ 4,324 $ 5,198 $ 10,310 $ 10,053
Basic Earnings Per Common Share        
Net income attributable to Verizon $ 1.02 $ 0.78 $ 2.15 $ 1.46
Weighted-average shares outstanding (in millions) 4,147 2,865 3,789 2,866
Diluted Earnings Per Common Share        
Net income attributable to Verizon $ 1.01 $ 0.78 $ 2.15 $ 1.46
Weighted-average shares outstanding (in millions) 4,153 2,872 3,795 2,873
Dividends declared per common share $ 0.530 $ 0.515 $ 1.060 $ 1.030