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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues      
Operating Revenues $ 131,868 $ 130,863 $ 126,034
Operating Expenses      
Selling, general and administrative expense (including net gain/(loss) on sale of divested businesses of $(94), $0 and $1,774, respectively) 29,896 31,083 28,592
Depreciation and amortization expense 16,682 17,403 16,954
Media goodwill impairment 186 4,591 0
Total Operating Expenses 101,490 108,585 98,609
Operating Income 30,378 22,278 27,425
Equity in losses of unconsolidated businesses (15) (186) (77)
Other income (expense), net (2,900) 2,364 (2,021)
Interest expense (4,730) (4,833) (4,733)
Income Before (Provision) Benefit For Income Taxes 22,733 19,623 20,594
(Provision) benefit for income taxes (2,945) (3,584) 9,956
Net Income 19,788 16,039 30,550
Net income attributable to noncontrolling interests 523 511 449
Net income attributable to Verizon 19,265 15,528 30,101
Net Income $ 19,788 $ 16,039 $ 30,550
Basic Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 4.66 $ 3.76 $ 7.37
Weighted-average shares outstanding (in shares) 4,138 4,128 4,084
Diluted Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 4.65 $ 3.76 $ 7.36
Weighted-average shares outstanding (in shares) 4,140 4,132 4,089
Service and other      
Operating Revenues      
Operating Revenues $ 110,305 $ 108,605 $ 107,145
Service      
Operating Expenses      
Cost of services and equipment 31,772 32,185 30,916
Wireless equipment      
Operating Revenues      
Operating Revenues 21,563 22,258 18,889
Operating Expenses      
Cost of services and equipment $ 22,954 $ 23,323 $ 22,147