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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Operating Revenues $ 32,981 $ 32,912
Operating Expenses    
Selling, general and administrative expense 8,143 7,506
Depreciation and amortization expense 4,445 4,318
Total Operating Expenses 25,460 25,328
Operating Income 7,521 7,584
Equity in earnings (losses) of unconsolidated businesses (9) 9
Other income, net 198 114
Interest expense (1,635) (1,207)
Income Before Provision For Income Taxes 6,075 6,500
Provision for income taxes (1,353) (1,482)
Net Income 4,722 5,018
Net income attributable to noncontrolling interests 120 109
Net income attributable to Verizon 4,602 4,909
Net Income $ 4,722 $ 5,018
Basic Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.09 $ 1.17
Weighted-average shares outstanding (in shares) 4,215 4,207
Diluted Earnings Per Common Share    
Net income attributable to Verizon (USD per share) $ 1.09 $ 1.17
Weighted-average shares outstanding (in shares) 4,219 4,211
Service revenues and other    
Operating Revenues    
Operating Revenues $ 27,620 $ 27,152
Wireless equipment    
Operating Revenues    
Operating Revenues 5,361 5,760
Operating Expenses    
Cost of services and equipment 5,905 6,426
Service    
Operating Expenses    
Cost of services and equipment $ 6,967 $ 7,078