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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues    
Operating Revenues $ 32,867 $ 31,610
Operating Expenses    
Selling, general and administrative expense 7,401 8,585
Depreciation and amortization expense 4,174 4,150
Total Operating Expenses 25,097 25,031
Operating Income 7,770 6,579
Equity in earnings (losses) of unconsolidated businesses 8 (12)
Other income, net 401 143
Interest expense (1,101) (1,034)
Income Before Provision For Income Taxes 7,078 5,676
Provision for income taxes (1,700) (1,389)
Net Income 5,378 4,287
Net income attributable to noncontrolling interests 133 131
Net income attributable to Verizon 5,245 4,156
Net Income $ 5,378 $ 4,287
Basic Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.27 $ 1.00
Weighted-average shares outstanding (in shares) 4,141 4,139
Diluted Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.27 $ 1.00
Weighted-average shares outstanding (in shares) 4,142 4,141
Service and Other    
Operating Revenues    
Operating Revenues $ 27,923 $ 27,481
Service    
Operating Expenses    
Cost of services and equipment 8,020 7,754
Wireless equipment    
Operating Revenues    
Operating Revenues 4,944 4,129
Operating Expenses    
Cost of services and equipment $ 5,502 $ 4,542