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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Operating Revenues $ 33,336 $ 34,241 $ 98,844 $ 101,584
Operating Expenses        
Selling, general and administrative expense 7,995 7,422 23,754 22,090
Depreciation and amortization expense 4,431 4,324 13,108 12,881
Total Operating Expenses 25,863 26,347 76,567 78,342
Operating Income 7,473 7,894 22,277 23,242
Equity in earnings (losses) of unconsolidated businesses (18) 2 (42) 40
Other income (expense), net 170 (439) 494 (1,314)
Interest expense (1,433) (937) (3,925) (2,508)
Income Before Provision For Income Taxes 6,192 6,520 18,804 19,460
Provision for income taxes (1,308) (1,496) (4,136) (4,410)
Net Income 4,884 5,024 14,668 15,050
Net income attributable to noncontrolling interests 122 124 349 371
Net income attributable to Verizon 4,762 4,900 14,319 14,679
Net Income $ 4,884 $ 5,024 $ 14,668 $ 15,050
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.13 $ 1.17 $ 3.40 $ 3.49
Weighted-average shares outstanding (in shares) 4,213 4,202 4,209 4,201
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.13 $ 1.17 $ 3.40 $ 3.49
Weighted-average shares outstanding (in shares) 4,216 4,204 4,214 4,203
Service revenues and other        
Operating Revenues        
Operating Revenues $ 27,523 $ 27,666 $ 81,994 $ 81,999
Wireless equipment        
Operating Revenues        
Operating Revenues 5,813 6,575 16,850 19,585
Operating Expenses        
Cost of services and equipment 6,353 7,308 18,557 21,919
Service        
Operating Expenses        
Cost of services and equipment $ 7,084 $ 7,293 $ 21,148 $ 21,452