v3.4.0.3
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues    
Service revenues and other $ 28,217 $ 28,611
Wireless equipment revenues 3,954 3,373
Total Operating Revenues 32,171 31,984
Operating Expenses    
Cost of services (exclusive of items shown below) 7,614 6,988
Wireless cost of equipment 4,998 5,108
Selling, general and administrative expense 7,600 7,939
Depreciation and amortization expense 4,017 3,989
Total Operating Expenses 24,229 24,024
Operating Income 7,942 7,960
Equity in losses of unconsolidated businesses (20) (34)
Other income, net 32 75
Interest expense (1,188) (1,332)
Income Before Provision For Income Taxes 6,766 6,669
Provision for income taxes (2,336) (2,331)
Net Income 4,430 4,338
Net income attributable to noncontrolling interests 120 119
Net income attributable to Verizon $ 4,310 $ 4,219
Basic Earnings Per Common Share    
Net income attributable to Verizon $ 1.06 $ 1.03
Weighted-average shares outstanding (in millions) 4,080 4,116
Diluted Earnings Per Common Share    
Net income attributable to Verizon $ 1.06 $ 1.02
Weighted-average shares outstanding (in millions) 4,085 4,121
Dividends declared per common share $ 0.565 $ 0.550