Segment Information (Tables)
|
3 Months Ended |
Mar. 31, 2017 |
|---|
| Summary of Operating Financial Information for Reportable Segments |
The following
table provides operating financial information for our two
reportable segments:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31,
|
|
|
(dollars in
millions) |
|
2017 |
|
|
2016 |
|
|
External Operating
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
|
|
|
|
|
|
|
|
Service
|
|
$ |
15,730 |
|
|
$ |
16,769 |
|
|
Equipment
|
|
|
3,764 |
|
|
|
3,954 |
|
|
Other
|
|
|
1,282 |
|
|
|
1,196 |
|
|
|
|
|
|
|
Total Wireless
|
|
|
20,776 |
|
|
|
21,919 |
|
|
|
|
|
Wireline
|
|
|
|
|
|
|
|
|
|
Consumer
Markets
|
|
|
3,201 |
|
|
|
3,180 |
|
|
Enterprise
Solutions
|
|
|
2,466 |
|
|
|
2,501 |
|
|
Partner
Solutions
|
|
|
1,016 |
|
|
|
1,053 |
|
|
Business
Markets
|
|
|
890 |
|
|
|
870 |
|
|
Other
|
|
|
62 |
|
|
|
82 |
|
|
|
|
|
|
|
Total Wireline
|
|
|
7,635 |
|
|
|
7,686 |
|
|
|
|
|
|
|
Total reportable
segments
|
|
$ |
28,411 |
|
|
$ |
29,605 |
|
|
|
|
|
|
|
|
|
|
Intersegment
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
102 |
|
|
$ |
85 |
|
|
Wireline
|
|
|
241 |
|
|
|
237 |
|
|
|
|
|
|
|
Total reportable
segments
|
|
$ |
343 |
|
|
$ |
322 |
|
|
|
|
|
|
|
|
|
|
Total Operating
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
20,878 |
|
|
$ |
22,004 |
|
|
Wireline
|
|
|
7,876 |
|
|
|
7,923 |
|
|
|
|
|
|
|
Total reportable
segments
|
|
$ |
28,754 |
|
|
$ |
29,927 |
|
|
|
|
|
|
|
|
|
|
Operating Income
(Loss)
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
7,076 |
|
|
$ |
7,880 |
|
|
Wireline
|
|
|
293 |
|
|
|
(67 |
) |
|
|
|
|
|
|
Total reportable
segments
|
|
$ |
7,369 |
|
|
$ |
7,813 |
|
|
|
|
|
|
|
| Summary of Reconciliation of Segment Assets |
|
|
|
|
|
|
|
|
|
|
(dollars in
millions) |
|
At March 31,
2017 |
|
|
At December 31,
2016 |
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
215,206 |
|
|
$ |
211,345 |
|
|
Wireline
|
|
|
68,376 |
|
|
|
66,679 |
|
|
|
|
|
|
|
Total reportable
segments
|
|
|
283,582 |
|
|
|
278,024 |
|
|
Corporate and
other
|
|
|
221,012 |
|
|
|
213,787 |
|
|
Eliminations
|
|
|
(257,863 |
) |
|
|
(247,631 |
) |
|
|
|
|
|
|
Total consolidated
– reported
|
|
$ |
246,731 |
|
|
$ |
244,180 |
|
|
|
|
|
|
|
| Summary of Reconciliation of Segment Operating Revenues |
A
reconciliation of the reportable segment operating revenues to
consolidated operating revenues is as follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31,
|
|
|
(dollars in
millions) |
|
2017 |
|
|
2016 |
|
|
Total reportable segment
operating revenues
|
|
$ |
28,754 |
|
|
$ |
29,927 |
|
|
Corporate and
other
|
|
|
1,460 |
|
|
|
1,309 |
|
|
Eliminations
|
|
|
(400 |
) |
|
|
(345 |
) |
|
Impact of divested
operations
|
|
|
– |
|
|
|
1,280 |
|
|
|
|
|
|
|
Total consolidated
operating revenues
|
|
$ |
29,814 |
|
|
$ |
32,171 |
|
|
|
|
|
|
|
| Summary of Reconciliation of Segment Operating Income |
A
reconciliation of the total of the reportable segments’
operating income to consolidated income before provision for income
taxes is as follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31,
|
|
|
(dollars in
millions) |
|
2017 |
|
|
2016 |
|
|
Total reportable segment
operating income
|
|
$ |
7,369 |
|
|
$ |
7,813 |
|
|
Corporate and
other
|
|
|
(314 |
) |
|
|
(509 |
) |
|
Severance, pension and
benefit charges (Note 8)
|
|
|
– |
|
|
|
(165 |
) |
|
Gain on spectrum license
transaction (Note 2)
|
|
|
126 |
|
|
|
142 |
|
|
Impact of divested
operations
|
|
|
– |
|
|
|
661 |
|
|
|
|
|
|
|
Total consolidated
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 |
|
|
|
|
|
|
|