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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue $ 2,033 $ 2,062 $ 6,140 $ 6,176
Costs and Expenses:        
Network access costs 675 706 2,045 2,125
Network related expenses 337 369 1,014 1,088
Depreciation and amortization 319 296 930 872
Selling, general and administrative Expenses 348 364 1,061 1,098
Total Costs and Expenses 1,679 1,735 5,050 5,183
Operating Income 354 327 1,090 993
Other Income (Expense):        
Interest income 1 0 3 1
Interest expense (139) (145) (414) (490)
Loss on modification and extinguishment of Debt 0 0 (40) (163)
Venezuela deconsolidation charge 0 (171) 0 (171)
Other, net 1 6 (14) (21)
Total Other Expense (137) (310) (465) (844)
Income Before Income Taxes 217 17 625 149
Income Tax Expense (74) (16) (198) (39)
Net Income $ 143 $ 1 $ 427 $ 110
Basic Earnings per Common Share        
Net Income Per Share $ 0.40 $ 0.00 $ 1.19 $ 0.31
Weighted-Average Shares Outstanding (in thousands) 359,561 355,791 358,097 352,411
Diluted Earnings per Common Share        
Net Income Per Share $ 0.39 $ 0.00 $ 1.18 $ 0.31
Weighted-Average Shares Outstanding (in thousands) 361,907 358,714 361,072 355,453