v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues        
Service revenues and other $ 26,250 $ 26,828 $ 52,300 $ 55,045
Wireless equipment revenues 4,298 3,704 8,062 7,658
Total Operating Revenues 30,548 30,532 60,362 62,703
Operating Expenses        
Cost of services (exclusive of items shown below) 7,075 7,577 13,933 15,191
Wireless cost of equipment 5,035 4,644 9,843 9,642
Selling, general and administrative expense (including net gain on sale of divested businesses of $1,774 and $1,007 for the three and six months ended June 30, 2017 and 2016, respectively) 6,039 9,775 12,947 17,375
Depreciation and amortization expense 4,167 3,982 8,226 7,999
Total Operating Expenses 22,316 25,978 44,949 50,207
Operating Income 8,232 4,554 15,413 12,496
Equity in losses of unconsolidated businesses (28) (20) (49) (40)
Other expense, net (19) (1,826) (865) (1,794)
Interest expense (1,218) (1,013) (2,350) (2,201)
Income Before Provision For Income Taxes 6,967 1,695 12,149 8,461
Provision for income taxes (2,489) (864) (4,118) (3,200)
Net Income 4,478 831 8,031 5,261
Net income attributable to noncontrolling interests 116 129 219 249
Net income attributable to Verizon $ 4,362 $ 702 $ 7,812 $ 5,012
Basic Earnings Per Common Share        
Net income attributable to Verizon $ 1.07 $ 0.17 $ 1.91 $ 1.23
Weighted-average shares outstanding (in millions) 4,082 4,079 4,082 4,080
Diluted Earnings Per Common Share        
Net income attributable to Verizon $ 1.07 $ 0.17 $ 1.91 $ 1.23
Weighted-average shares outstanding (in millions) 4,087 4,085 4,088 4,085
Dividends declared per common share $ 0.578 $ 0.565 $ 1.155 $ 1.130