Segment Information (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| Summary of Operating Financial Information for Reportable Segments |
The following table provides operating financial
information for our two reportable segments:
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Three Months Ended
June 30,
|
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Six Months Ended
June 30,
|
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(dollars in millions) |
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|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
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|
External Operating Revenues
|
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|
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|
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|
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Wireless
|
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|
|
|
|
|
|
|
|
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Service
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$ |
15,605 |
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$ |
16,692 |
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|
$ |
31,335 |
|
|
$ |
33,461 |
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Equipment
|
|
|
|
|
4,298 |
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|
|
3,704 |
|
|
|
8,062 |
|
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|
7,658 |
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Other
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|
|
|
1,306 |
|
|
|
1,216 |
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|
|
2,588 |
|
|
|
2,412 |
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Total Wireless
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21,209 |
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|
21,612 |
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|
41,985 |
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|
43,531 |
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Wireline
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|
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Consumer Markets
|
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|
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|
3,184 |
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|
3,165 |
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|
|
6,385 |
|
|
|
6,345 |
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Enterprise Solutions
|
|
|
|
|
2,387 |
|
|
|
2,378 |
|
|
|
4,779 |
|
|
|
4,802 |
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Partner Solutions
|
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|
|
|
1,008 |
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|
|
1,002 |
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|
1,999 |
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|
|
2,031 |
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Business Markets
|
|
|
|
|
921 |
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|
|
845 |
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|
1,803 |
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|
1,707 |
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Other
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|
74 |
|
|
|
84 |
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|
|
135 |
|
|
|
166 |
|
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Total Wireline
|
|
|
|
|
7,574 |
|
|
|
7,474 |
|
|
|
15,101 |
|
|
|
15,051 |
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Total reportable segments
|
|
|
|
$ |
28,783 |
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|
$ |
29,086 |
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|
$ |
57,086 |
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|
$ |
58,582 |
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Intersegment Revenues
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Wireless
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$ |
73 |
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|
$ |
92 |
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$ |
175 |
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|
$ |
177 |
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Wireline
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|
228 |
|
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|
239 |
|
|
|
469 |
|
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|
476 |
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Total reportable segments
|
|
|
|
$ |
301 |
|
|
$ |
331 |
|
|
$ |
644 |
|
|
$ |
653 |
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|
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Total Operating Revenues
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|
|
|
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|
|
|
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|
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|
|
|
|
|
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Wireless
|
|
|
|
$ |
21,282 |
|
|
$ |
21,704 |
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|
$ |
42,160 |
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|
$ |
43,708 |
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Wireline
|
|
|
|
|
7,802 |
|
|
|
7,713 |
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|
|
15,570 |
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|
15,527 |
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Total reportable segments
|
|
|
|
$ |
29,084 |
|
|
$ |
29,417 |
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|
$ |
57,730 |
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|
$ |
59,235 |
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Operating Income (Loss)
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Wireless
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$ |
7,410 |
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|
$ |
8,017 |
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$ |
14,486 |
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$ |
15,897 |
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Wireline
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|
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|
68 |
|
|
|
(524 |
) |
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|
287 |
|
|
|
(653 |
) |
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Total reportable segments
|
|
|
|
$ |
7,478 |
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|
$ |
7,493 |
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|
$ |
14,773 |
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|
$ |
15,244 |
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| Summary of Reconciliation of Segment Assets |
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(dollars in millions) |
|
At June 30,
2017 |
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At December 31,
2016 |
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Assets
|
|
|
|
|
|
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|
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Wireless
|
|
$ |
222,275 |
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|
$ |
211,345 |
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|
Wireline
|
|
|
67,778 |
|
|
|
66,679 |
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|
|
|
|
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Total reportable segments
|
|
|
290,053 |
|
|
|
278,024 |
|
|
Corporate and other
|
|
|
225,651 |
|
|
|
213,787 |
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|
Eliminations
|
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|
(262,726 |
) |
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|
(247,631 |
) |
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Total consolidated - reported
|
|
$ |
252,978 |
|
|
$ |
244,180 |
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| Summary of Reconciliation of Segment Operating Revenues |
A reconciliation of the reportable segment
operating revenues to consolidated operating revenues is as
follows:
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| |
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Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
|
(dollars in millions) |
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
|
Total reportable segment operating revenues
|
|
$ |
29,084 |
|
|
$ |
29,417 |
|
|
$ |
57,730 |
|
|
$ |
59,235 |
|
|
Corporate and other
|
|
|
1,778 |
|
|
|
1,366 |
|
|
|
3,238 |
|
|
|
2,675 |
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Eliminations
|
|
|
(351 |
) |
|
|
(361 |
) |
|
|
(751 |
) |
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|
(706 |
) |
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Operating results from divested businesses
|
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|
37 |
|
|
|
110 |
|
|
|
145 |
|
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|
1,499 |
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Total consolidated operating revenues
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|
$ |
30,548 |
|
|
$ |
30,532 |
|
|
$ |
60,362 |
|
|
$ |
62,703 |
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|
| 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
June 30,
|
|
|
Six Months Ended
June 30,
|
|
|
(dollars in millions) |
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
|
Total reportable segment operating income
|
|
$ |
7,478 |
|
|
$ |
7,493 |
|
|
$ |
14,773 |
|
|
$ |
15,244 |
|
|
Corporate and other
|
|
|
(285 |
) |
|
|
(457 |
) |
|
|
(599 |
) |
|
|
(966 |
) |
|
Severance, pension and benefit charges (Note 8)
|
|
|
(607 |
) |
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|
(3,550 |
) |
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|
(607 |
) |
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|
(3,715 |
) |
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Net gain on sale of divested businesses (Note 2)
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|
1,774 |
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|
1,007 |
|
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|
1,774 |
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|
|
1,007 |
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|
Acquisition and integration related charges (Note 2)
|
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|
(152 |
) |
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|
- |
|
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(152 |
) |
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|
- |
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Gain on spectrum license transaction (Note 2)
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|
- |
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|
- |
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|
126 |
|
|
|
142 |
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Operating results from divested businesses
|
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|
24 |
|
|
|
61 |
|
|
|
98 |
|
|
|
784 |
|
|
|
|
|
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Total consolidated operating income
|
|
|
8,232 |
|
|
|
4,554 |
|
|
|
15,413 |
|
|
|
12,496 |
|
|
|
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|
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 |
) |
|
|
|
|
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|
Income Before Provision For Income Taxes
|
|
$ |
6,967 |
|
|
$ |
1,695 |
|
|
$ |
12,149 |
|
|
$ |
8,461 |
|
|
|
|
|
|
|