2016 Q2 Form 10-Q Financial Statement
#000119312516664131 Filed on July 29, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
Revenue | $30.53B | $32.22B |
YoY Change | -5.25% | 2.35% |
Cost Of Revenue | $7.577B | $6.994B |
YoY Change | 8.34% | -42.14% |
Gross Profit | $22.96B | $25.23B |
YoY Change | -9.02% | 30.08% |
Gross Profit Margin | 75.18% | 78.3% |
Selling, General & Admin | $9.775B | $7.974B |
YoY Change | 22.59% | 5.62% |
% of Gross Profit | 42.58% | 31.61% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.982B | $3.980B |
YoY Change | 0.05% | -4.35% |
% of Gross Profit | 17.35% | 15.77% |
Operating Expenses | $9.775B | $7.974B |
YoY Change | 22.59% | 5.62% |
Operating Profit | $8.091B | $7.821B |
YoY Change | 3.45% | 1.77% |
Interest Expense | $1.013B | $1.208B |
YoY Change | -16.14% | 3.78% |
% of Operating Profit | 12.52% | 15.45% |
Other Income/Expense, Net | -$1.826B | $32.00M |
YoY Change | -5806.25% | -51.52% |
Pretax Income | $1.695B | $6.627B |
YoY Change | -74.42% | 1.27% |
Income Tax | $864.0M | $2.274B |
% Of Pretax Income | 50.97% | 34.31% |
Net Earnings | $702.0M | $4.231B |
YoY Change | -83.41% | 0.4% |
Net Earnings / Revenue | 2.3% | 13.13% |
Basic Earnings Per Share | $0.17 | $1.04 |
Diluted Earnings Per Share | $0.17 | $1.04 |
COMMON SHARES | ||
Basic Shares Outstanding | 4.079B shares | 4.079B shares |
Diluted Shares Outstanding | 4.085B shares | 4.085B shares |
Balance Sheet
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.857B | $3.317B |
YoY Change | -13.87% | -48.37% |
Cash & Equivalents | $2.857B | $3.008B |
Short-Term Investments | $0.00 | $309.0M |
Other Short-Term Assets | $3.762B | $3.592B |
YoY Change | 4.73% | 48.18% |
Inventory | $931.0M | $1.149B |
Prepaid Expenses | ||
Receivables | $13.29B | $13.44B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $20.84B | $21.50B |
YoY Change | -3.06% | -6.05% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $83.17B | $82.53B |
YoY Change | 0.78% | -8.0% |
Goodwill | $25.42B | $25.43B |
YoY Change | -0.05% | 3.11% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $822.0M | $794.0M |
YoY Change | 3.53% | -6.81% |
Other Assets | $7.235B | $6.545B |
YoY Change | 10.54% | 24.38% |
Total Long-Term Assets | $211.0B | $219.3B |
YoY Change | -3.75% | 8.79% |
TOTAL ASSETS | ||
Total Short-Term Assets | $20.84B | $21.50B |
Total Long-Term Assets | $211.0B | $219.3B |
Total Assets | $231.9B | $240.8B |
YoY Change | -3.69% | 7.27% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $19.09B | $16.95B |
YoY Change | 12.61% | 2.61% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $6.803B | $4.206B |
YoY Change | 61.75% | 84.23% |
Total Short-Term Liabilities | $34.41B | $30.65B |
YoY Change | 12.28% | 15.67% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $92.92B | $109.5B |
YoY Change | -15.11% | 1.64% |
Other Long-Term Liabilities | $11.91B | $11.17B |
YoY Change | 6.63% | 90.73% |
Total Long-Term Liabilities | $11.91B | $11.17B |
YoY Change | 6.63% | 90.73% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $34.41B | $30.65B |
Total Long-Term Liabilities | $11.91B | $11.17B |
Total Liabilities | $46.32B | $41.82B |
YoY Change | 10.77% | 29.26% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $11.65B | $6.418B |
YoY Change | 81.55% | 15.62% |
Common Stock | $424.0M | $424.0M |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $7.279B | $7.741B |
YoY Change | -5.97% | 112.78% |
Treasury Stock Shares | ||
Shareholders Equity | $19.24B | $11.42B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $231.9B | $240.8B |
YoY Change | -3.69% | 7.27% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $702.0M | $4.231B |
YoY Change | -83.41% | 0.4% |
Depreciation, Depletion And Amortization | $3.982B | $3.980B |
YoY Change | 0.05% | -4.35% |
Cash From Operating Activities | $5.489B | $8.737B |
YoY Change | -37.18% | 13.99% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$4.037B | -$4.610B |
YoY Change | -12.43% | 4.73% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $10.13B | -$2.385B |
YoY Change | -524.57% | -192.19% |
Cash From Investing Activities | $6.089B | -$6.995B |
YoY Change | -187.05% | 285.4% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -14.57B | -3.120B |
YoY Change | 366.89% | 4.66% |
NET CHANGE | ||
Cash From Operating Activities | 5.489B | 8.737B |
Cash From Investing Activities | 6.089B | -6.995B |
Cash From Financing Activities | -14.57B | -3.120B |
Net Change In Cash | -2.989B | -1.378B |
YoY Change | 116.91% | -148.03% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.489B | $8.737B |
Capital Expenditures | -$4.037B | -$4.610B |
Free Cash Flow | $9.526B | $13.35B |
YoY Change | -28.63% | 10.61% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3008000000 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
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119600000 | shares |
CY2016Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2016Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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4242374240 | shares |
CY2016Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
4076301833 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.10 | |
CY2016Q2 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
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2500000000 | |
CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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11652000000 | |
CY2016Q2 | us-gaap |
Principal Amount Outstanding On Loans Securitized
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8400000000 | |
CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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231870000000 | |
CY2016Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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578000000 | |
CY2016Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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19090000000 | |
CY2016Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2016Q2 | us-gaap |
Receivable With Imputed Interest Discount
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CY2016Q2 | us-gaap |
Common Stock Value
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CY2016Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
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CY2016Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2016Q2 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
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400000000 | |
CY2016Q2 | us-gaap |
Other Liabilities Current
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2016Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
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CY2016Q2 | us-gaap |
Debt Current
DebtCurrent
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CY2016Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2016Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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812000000 | |
CY2016Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2016Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2016Q2 | us-gaap |
Minority Interest
MinorityInterest
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1500000000 | |
CY2016Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2016Q2 | us-gaap |
Liabilities Current
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CY2016Q2 | us-gaap |
Assets Current
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CY2016Q2 | us-gaap |
Derivative Liability Fair Value Of Collateral
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200000000 | |
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Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
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Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
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13500000000 | |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
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Receivable With Imputed Interest Net Amount
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Cash And Cash Equivalents At Carrying Value
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Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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Finite Lived Intangible Assets Amortization Expense Year Four
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Indefinite Lived License Agreements
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Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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Property Plant And Equipment Gross
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Assets
Assets
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CY2016Q2 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
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CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Net
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Finite Lived Intangible Assets Gross
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Finite Lived Intangible Assets Amortization Expense Year Three
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Finite Lived Intangible Assets Amortization Expense Year Two
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Goodwill
Goodwill
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Notes Receivable Gross
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CY2016Q2 | us-gaap |
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CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
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CY2016Q2 | us-gaap |
Treasury Stock Value
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Deferred Compensation Employee Stock Ownership Plans And Other
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CY2016Q2 | vz |
Cash Proceeds Received Net Of Remittances
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Cash And Cash Equivalents At Carrying Value
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CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.10 | |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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4242374240 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.10 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
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11246000000 | |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
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Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2015Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
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CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
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CY2015Q4 | us-gaap |
Guaranty Liabilities
GuarantyLiabilities
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200000000 | |
CY2015Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
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444000000 | |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2015Q4 | us-gaap |
Receivable With Imputed Interest Discount
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CY2015Q4 | us-gaap |
Common Stock Value
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424000000 | |
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Additional Paid In Capital
AdditionalPaidInCapital
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Finite Lived Intangible Assets Accumulated Amortization
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Deferred Tax Liabilities Noncurrent
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Debt Current
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Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
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CY2015Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
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CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
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CY2015Q4 | us-gaap |
Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
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CY2015Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
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796000000 | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2015Q4 | us-gaap |
Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
|
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CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2015Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
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Indefinite Lived License Agreements
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Inventory Net
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Notes Receivable Net
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Accounts Receivable Net Current
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Property Plant And Equipment Gross
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Short Term Investments
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Assets
Assets
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Assets Of Disposal Group Including Discontinued Operation Current
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Finite Lived Intangible Assets Net
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Finite Lived Intangible Assets Gross
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Goodwill
Goodwill
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Notes Receivable Gross
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Other Assets Noncurrent
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Prepaid Expense And Other Assets Current
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Treasury Stock Value
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Deferred Compensation Employee Stock Ownership Plans And Other
DeferredCompensationEmployeeStockOwnershipPlansAndOther
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us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.06 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4103000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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1.100 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
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2.06 | ||
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Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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Net Cash Provided By Used In Operating Activities
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Revenues
Revenues
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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Payments To Acquire Businesses Net Of Cash Acquired
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Sales Revenue Goods Net
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Sales Revenue Services Net
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Repayments Of Long Term Debt And Capital Securities
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Payments To Acquire Productive Assets
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Payments For Proceeds From Other Investing Activities
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Operating Income Loss
OperatingIncomeLoss
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Net Income Loss
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Comprehensive Income Net Of Tax
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Profit Loss
ProfitLoss
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us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
9677000000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4266000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-9000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-87000000 | ||
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-416000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
107000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-290000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-52000000 | ||
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-72000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
13296000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
826000000 | ||
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
561000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4605000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
2540000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
88000000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
7969000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-20171000000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-106000000 | ||
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
2421000000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
15913000000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
|
48427000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
241000000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
744000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
809000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-7590000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
241000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
10563000000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
13982000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6325000000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-373000000 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
6497000000 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.23 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000732712 | ||
dei |
Trading Symbol
TradingSymbol
|
VZ | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4085000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4080000000 | shares | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5000000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12830000000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.130 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-06-30 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.23 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
VERIZON COMMUNICATIONS INC | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment | |
us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
No single customer accounted for more than 10% of our total operating revenues during the three and six months ended June 30, 2016 and 2015. | ||
us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
3100000 | shares | |
us-gaap |
Revenues
Revenues
|
62703000000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
178000000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-205000000 | ||
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
2704000000 | ||
us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-3715000000 | ||
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
137000000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
7658000000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
55045000000 | ||
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
11300000000 | ||
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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7273000000 | ||
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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-504000000 | ||
us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
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us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
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1800000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
12496000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
5012000000 | ||
us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
142000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
7558000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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7309000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
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-4000000 | ||
us-gaap |
Profit Loss
ProfitLoss
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5261000000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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282000000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
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4605000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-16000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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55000000 | ||
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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1067000000 | ||
us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
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500000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1794000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2297000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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2297000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable From Securitization
IncreaseDecreaseInAccountsReceivableFromSecuritization
|
28000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-40000000 | ||
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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-58000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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8461000000 | ||
us-gaap |
Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
|
686000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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-3085000000 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
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4606000000 | ||
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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4021000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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3200000000 | ||
us-gaap |
Interest Expense
InterestExpense
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2201000000 | ||
us-gaap |
Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
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4700000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
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9882000000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
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7999000000 | ||
us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
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210000000 | ||
us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
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4000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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2653000000 | ||
us-gaap |
Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
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2900000000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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610000000 | ||
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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407000000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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17375000000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
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50207000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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249000000 | ||
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
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610000000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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651000000 | ||
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
183000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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836000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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-1613000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
249000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
9642000000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
15191000000 | ||
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
82000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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-17096000000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1008000000 | ||
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-310000000 | ||
vz |
Guarantee Obligation Term
GuaranteeObligationTerm
|
P30Y | ||
vz |
Approximate Number Of Federal District Court Actions Alleged For Patent Infringement
ApproximateNumberOfFederalDistrictCourtActionsAllegedForPatentInfringement
|
50 | LegalMatter | |
vz |
Finance Receivables Collected And Remitted Net Of Fees
FinanceReceivablesCollectedAndRemittedNetOfFees
|
4200000000 | ||
vz |
Financing Receivable Allowance For Credit Losses Other
FinancingReceivableAllowanceForCreditLossesOther
|
6000000 | ||
vz |
Number Of Customer Tenure Days
NumberOfCustomerTenureDays
|
P210D | ||
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.04 | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4085000000 | shares |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4079000000 | shares |
CY2015Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.550 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.04 | |
CY2015Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6000000 | shares |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
32224000000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-93000000 | |
CY2015Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3861000000 | |
CY2015Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
28363000000 | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7821000000 | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4231000000 | |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
4258000000 | |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
4136000000 | |
CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4353000000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-12000000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
54000000 | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
32000000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-95000000 | |
CY2015Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-18000000 | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6627000000 | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2274000000 | |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
1208000000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
44000000 | |
CY2015Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3980000000 | |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
7974000000 | |
CY2015Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
24403000000 | |
CY2015Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
122000000 | |
CY2015Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
428000000 | |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
122000000 | |
CY2015Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5455000000 | |
CY2015Q2 | us-gaap |
Cost Of Services
CostOfServices
|
6994000000 | |
CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4085000000 | shares |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4079000000 | shares |
CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.565 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
CY2016Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6000000 | shares |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
30532000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-147000000 | |
CY2016Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1800000000 | |
CY2016Q2 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-3550000000 | |
CY2016Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3704000000 | |
CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
26828000000 | |
CY2016Q2 | us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
|
100000000 | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4554000000 | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
702000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3219000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3090000000 | |
CY2016Q2 | us-gaap |
Profit Loss
ProfitLoss
|
831000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
2000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
25000000 | |
CY2016Q2 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
500000000 | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1826000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2388000000 | |
CY2016Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-20000000 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1695000000 | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
864000000 | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
1013000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-2508000000 | |
CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3982000000 | |
CY2016Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9775000000 | |
CY2016Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
25978000000 | |
CY2016Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
129000000 | |
CY2016Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
401000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
129000000 | |
CY2016Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
4644000000 | |
CY2016Q2 | us-gaap |
Cost Of Services
CostOfServices
|
7577000000 |