Investments in Unconsolidated Businesses (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Investments in Unconsolidated Businesses

Our investments in unconsolidated businesses are comprised of the following:

	(dollars in millions)
At December 31,	Ownership		2014		2013
Equity Investees
Vodafone Omnitel(1)		–	$	–	$	2,511
Other		Various		677		818
Total equity investees				677		3,329
Cost Investees		Various		125		103
Total investments in unconsolidated businesses			$	802	$	3,432

⁽¹⁾  Prior to the completion of the Wireless Transaction on February 21, 2014, Verizon held a 23.1% ownership interest in Vodafone Omnitel.

Schedule of Summarized Financial Information for Equity Investees, Balance Sheet

Summarized financial information for our equity investees is as follows:

Balance Sheet

		(dollars in millions	)
At December 31,	2013
Current assets	$	3,983
Noncurrent assets		7,748
Total assets	$	11,731
Current liabilities	$	4,692
Noncurrent liabilities		5
Equity		7,034
Total liabilities and equity	$	11,731

Schedule of Summarized Financial Information for Equity Investees, Income Statement

Income Statement

		(dollars in millions)
Years Ended December 31,	2013		2012
Net revenue	$	8,984	$	10,825
Operating income		1,632		2,823
Net income		925		1,679