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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 2,056 $ 2,061 $ 4,107 $ 4,114
Costs and Expenses:        
Network access costs 676 696 1,370 1,419
Network related expenses 339 363 677 719
Depreciation and amortization 310 288 611 576
Selling, general and administrative Expenses 357 364 713 734
Total Costs and Expenses 1,682 1,711 3,371 3,448
Operating Income 374 350 736 666
Other Income (Expense):        
Interest income 1 0 2 1
Interest expense (140) (165) (275) (345)
Loss on modification and extinguishment of Debt (40) (163) (40) (163)
Other, net (5) (17) (15) (27)
Total Other Expense (184) (345) (328) (534)
Income Before Income Taxes 190 5 408 132
Income Tax Expense (41) (18) (135) (23)
Net Income (Loss) $ 149 $ (13) $ 273 $ 109
Basic Earnings (Loss) per Common Share        
Net Income (Loss) Per Share $ 0.42 $ (0.04) $ 0.77 $ 0.31
Weighted-Average Shares Outstanding (in thousands) 357,924 354,471 357,355 350,693
Diluted Earnings per Common Share        
Net Income Per Share $ 0.41 $ (0.04) $ 0.76 $ 0.31
Weighted-Average Shares Outstanding (in thousands) 360,867 354,471 360,415 354,325