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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Operating Revenues | $ 127,079us-gaap_Revenues | $ 120,550us-gaap_Revenues | $ 115,846us-gaap_Revenues |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 49,931us-gaap_CostOfGoodsAndServicesSold | 44,887us-gaap_CostOfGoodsAndServicesSold | 46,275us-gaap_CostOfGoodsAndServicesSold |
| Selling, general and administrative expense | 41,016us-gaap_SellingGeneralAndAdministrativeExpense | 27,089us-gaap_SellingGeneralAndAdministrativeExpense | 39,951us-gaap_SellingGeneralAndAdministrativeExpense |
| Depreciation and amortization expense | 16,533us-gaap_DepreciationAndAmortization | 16,606us-gaap_DepreciationAndAmortization | 16,460us-gaap_DepreciationAndAmortization |
| Total Operating Expenses | 107,480us-gaap_CostsAndExpenses | 88,582us-gaap_CostsAndExpenses | 102,686us-gaap_CostsAndExpenses |
| Operating Income | 19,599us-gaap_OperatingIncomeLoss | 31,968us-gaap_OperatingIncomeLoss | 13,160us-gaap_OperatingIncomeLoss |
| Equity in earnings of unconsolidated businesses | 1,780us-gaap_IncomeLossFromEquityMethodInvestments | 142us-gaap_IncomeLossFromEquityMethodInvestments | 324us-gaap_IncomeLossFromEquityMethodInvestments |
| Other income and (expense), net | (1,194)us-gaap_OtherNonoperatingIncomeExpense | (166)us-gaap_OtherNonoperatingIncomeExpense | (1,016)us-gaap_OtherNonoperatingIncomeExpense |
| Interest expense | (4,915)us-gaap_InterestExpense | (2,667)us-gaap_InterestExpense | (2,571)us-gaap_InterestExpense |
| Income Before (Provision) Benefit For Income Taxes | 15,270us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 29,277us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 9,897us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| (Provision) Benefit for income taxes | (3,314)us-gaap_IncomeTaxExpenseBenefit | (5,730)us-gaap_IncomeTaxExpenseBenefit | 660us-gaap_IncomeTaxExpenseBenefit |
| Net Income | 11,956us-gaap_ProfitLoss | 23,547us-gaap_ProfitLoss | 10,557us-gaap_ProfitLoss |
| Net income attributable to noncontrolling interests | 2,331us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 12,050us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 9,682us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net income attributable to Verizon | 9,625us-gaap_NetIncomeLoss | 11,497us-gaap_NetIncomeLoss | 875us-gaap_NetIncomeLoss |
| Net Income | $ 11,956us-gaap_ProfitLoss | $ 23,547us-gaap_ProfitLoss | $ 10,557us-gaap_ProfitLoss |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | $ 2.42us-gaap_EarningsPerShareBasic | $ 4.01us-gaap_EarningsPerShareBasic | $ 0.31us-gaap_EarningsPerShareBasic |
| Weighted-average shares outstanding (in millions) | 3,974us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 2,866us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 2,853us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | $ 2.42us-gaap_EarningsPerShareDiluted | $ 4.00us-gaap_EarningsPerShareDiluted | $ 0.31us-gaap_EarningsPerShareDiluted |
| Weighted-average shares outstanding (in millions) | 3,981us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 2,874us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 2,862us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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