v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues    
Service revenues and other $ 26,050 $ 28,217
Wireless equipment revenues 3,764 3,954
Total Operating Revenues 29,814 32,171
Operating Expenses    
Cost of services (exclusive of items shown below) 6,858 7,614
Wireless cost of equipment 4,808 4,998
Selling, general and administrative expense 6,908 7,600
Depreciation and amortization expense 4,059 4,017
Total Operating Expenses 22,633 24,229
Operating Income 7,181 7,942
Equity in losses of unconsolidated businesses (21) (20)
Other income and (expense), net (846) 32
Interest expense (1,132) (1,188)
Income Before Provision For Income Taxes 5,182 6,766
Provision for income taxes (1,629) (2,336)
Net Income 3,553 4,430
Net income attributable to noncontrolling interests 103 120
Net income attributable to Verizon $ 3,450 $ 4,310
Basic Earnings Per Common Share    
Net income attributable to Verizon $ 0.85 $ 1.06
Weighted-average shares outstanding (in millions) 4,082 4,080
Diluted Earnings Per Common Share    
Net income attributable to Verizon $ 0.84 $ 1.06
Weighted-average shares outstanding (in millions) 4,087 4,085
Dividends declared per common share $ 0.5775 $ 0.5650