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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Operating Revenues $ 32,796 $ 32,596 $ 65,777 $ 65,508
Operating Expenses        
Selling, general and administrative expense 8,024 8,253 16,167 15,759
Depreciation and amortization expense 4,483 4,359 8,928 8,677
Total Operating Expenses 24,978 25,376 50,438 50,704
Operating Income 7,818 7,220 15,339 14,804
Equity in losses of unconsolidated businesses (14) (33) (23) (24)
Other income (expense), net (72) 210 126 324
Interest expense (1,698) (1,285) (3,333) (2,492)
Income Before Provision For Income Taxes 6,034 6,112 12,109 12,612
Provision for income taxes (1,332) (1,346) (2,685) (2,828)
Net Income 4,702 4,766 9,424 9,784
Net income attributable to noncontrolling interests 109 118 229 227
Net income attributable to Verizon 4,593 4,648 9,195 9,557
Net Income $ 4,702 $ 4,766 $ 9,424 $ 9,784
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.09 $ 1.10 $ 2.18 $ 2.27
Weighted-average shares outstanding (in shares) 4,215 4,208 4,215 4,207
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.09 $ 1.10 $ 2.18 $ 2.27
Weighted-average shares outstanding (in shares) 4,221 4,213 4,220 4,212
Service revenues and other        
Operating Revenues        
Operating Revenues $ 27,798 $ 27,319 $ 55,418 $ 54,471
Wireless equipment        
Operating Revenues        
Operating Revenues 4,998 5,277 10,359 11,037
Operating Expenses        
Cost of services and equipment 5,567 5,778 11,472 12,204
Service        
Operating Expenses        
Cost of services and equipment $ 6,904 $ 6,986 $ 13,871 $ 14,064