2016 Q3 Form 10-Q Financial Statement
#000119312516747399 Filed on October 26, 2016
Income Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
Revenue | $30.94B | $33.16B |
YoY Change | -6.7% | 4.98% |
Cost Of Revenue | $6.989B | $7.589B |
YoY Change | -7.91% | -38.06% |
Gross Profit | $23.95B | $25.57B |
YoY Change | -6.34% | 32.25% |
Gross Profit Margin | 77.41% | 77.11% |
Selling, General & Admin | $8.226B | $8.309B |
YoY Change | -1.0% | 0.39% |
% of Gross Profit | 34.35% | 32.5% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.942B | $4.009B |
YoY Change | -1.67% | -3.79% |
% of Gross Profit | 16.46% | 15.68% |
Operating Expenses | $8.226B | $8.309B |
YoY Change | -1.0% | 0.39% |
Operating Profit | $6.928B | $7.535B |
YoY Change | -8.06% | 9.36% |
Interest Expense | $1.038B | $1.202B |
YoY Change | -13.64% | -4.22% |
% of Operating Profit | 14.98% | 15.95% |
Other Income/Expense, Net | $97.00M | $51.00M |
YoY Change | 90.2% | -28.17% |
Pretax Income | $5.576B | $6.366B |
YoY Change | -12.41% | 12.51% |
Income Tax | $1.829B | $2.195B |
% Of Pretax Income | 32.8% | 34.48% |
Net Earnings | $3.620B | $4.038B |
YoY Change | -10.35% | 9.28% |
Net Earnings / Revenue | 11.7% | 12.18% |
Basic Earnings Per Share | $0.89 | $0.99 |
Diluted Earnings Per Share | $0.89 | $0.99 |
COMMON SHARES | ||
Basic Shares Outstanding | 4.079B shares | 4.072B shares |
Diluted Shares Outstanding | 4.086B shares | 4.078B shares |
Balance Sheet
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $6.441B | $4.181B |
YoY Change | 54.05% | -46.76% |
Cash & Equivalents | $6.441B | $3.875B |
Short-Term Investments | $0.00 | $306.0M |
Other Short-Term Assets | $3.030B | $3.163B |
YoY Change | -4.2% | 30.11% |
Inventory | $1.318B | $1.319B |
Prepaid Expenses | ||
Receivables | $14.83B | $13.11B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $25.62B | $21.77B |
YoY Change | 17.7% | -12.13% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $83.41B | $82.56B |
YoY Change | 1.03% | -8.2% |
Goodwill | $25.97B | $25.12B |
YoY Change | 3.37% | 2.06% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.119B | $779.0M |
YoY Change | 43.65% | -4.77% |
Other Assets | $8.275B | $7.070B |
YoY Change | 17.04% | 38.3% |
Total Long-Term Assets | $213.9B | $220.3B |
YoY Change | -2.92% | 9.32% |
TOTAL ASSETS | ||
Total Short-Term Assets | $25.62B | $21.77B |
Total Long-Term Assets | $213.9B | $220.3B |
Total Assets | $239.5B | $242.1B |
YoY Change | -1.06% | 6.97% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $18.00B | $17.72B |
YoY Change | 1.59% | 3.91% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $3.852B | $7.264B |
YoY Change | -46.97% | 353.15% |
Total Short-Term Liabilities | $30.30B | $34.49B |
YoY Change | -12.16% | 28.28% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $102.7B | $105.1B |
YoY Change | -2.21% | -2.39% |
Other Long-Term Liabilities | $11.58B | $11.18B |
YoY Change | 3.53% | 94.45% |
Total Long-Term Liabilities | $11.58B | $11.18B |
YoY Change | 3.53% | 94.45% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $30.30B | $34.49B |
Total Long-Term Liabilities | $11.58B | $11.18B |
Total Liabilities | $41.87B | $45.67B |
YoY Change | -8.32% | 39.93% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $12.92B | $8.156B |
YoY Change | 58.39% | 17.12% |
Common Stock | $424.0M | $424.0M |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $7.264B | $7.604B |
YoY Change | -4.47% | 119.45% |
Treasury Stock Shares | ||
Shareholders Equity | $20.46B | $13.14B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $239.5B | $242.1B |
YoY Change | -1.06% | 6.97% |
Cashflow Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $3.620B | $4.038B |
YoY Change | -10.35% | 9.28% |
Depreciation, Depletion And Amortization | $3.942B | $4.009B |
YoY Change | -1.67% | -3.79% |
Cash From Operating Activities | $4.816B | $9.520B |
YoY Change | -49.41% | 13.97% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$4.253B | -$4.521B |
YoY Change | -5.93% | 7.59% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$939.0M | $96.00M |
YoY Change | -1078.13% | -18.64% |
Cash From Investing Activities | -$5.192B | -$4.425B |
YoY Change | 17.33% | 8.35% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 3.960B | -4.228B |
YoY Change | -193.66% | 49.56% |
NET CHANGE | ||
Cash From Operating Activities | 4.816B | 9.520B |
Cash From Investing Activities | -5.192B | -4.425B |
Cash From Financing Activities | 3.960B | -4.228B |
Net Change In Cash | 3.584B | 867.0M |
YoY Change | 313.38% | -39.88% |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.816B | $9.520B |
Capital Expenditures | -$4.253B | -$4.521B |
Free Cash Flow | $9.069B | $14.04B |
YoY Change | -35.41% | 11.84% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3875000000 | |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
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119600000 | shares |
CY2016Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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CY2016Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.10 | |
CY2016Q3 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
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2200000000 | |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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12918000000 | |
CY2016Q3 | us-gaap |
Principal Amount Outstanding On Loans Securitized
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CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
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CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2016Q3 | us-gaap |
Guaranty Liabilities
GuarantyLiabilities
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100000000 | |
CY2016Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses
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CY2016Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2016Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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Receivable With Imputed Interest Discount
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Common Stock Value
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CY2016Q3 | us-gaap |
Additional Paid In Capital
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Supplemental Unemployment Benefits Severance Benefits
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Finite Lived Intangible Assets Accumulated Amortization
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Debt Current
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CY2016Q3 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2016Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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800000000 | |
CY2016Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 | us-gaap |
Minority Interest
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Long Term Debt And Capital Lease Obligations
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CY2016Q3 | us-gaap |
Liabilities Current
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Assets Current
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Derivative Liability Fair Value Of Collateral
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Investments In Affiliates Subsidiaries Associates And Joint Ventures
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Principal Amount Outstanding On Loans Managed And Securitized
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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 Year Four
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Indefinite Lived License Agreements
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Assets
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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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Cash And Cash Equivalents At Carrying Value
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CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
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0.10 | |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
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CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
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CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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0.10 | |
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Retained Earnings Accumulated Deficit
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Preferred Stock Value
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Guaranty Liabilities
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Financing Receivable Allowance For Credit Losses
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Common Stock Value
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Debt And Capital Lease Obligations
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Minority Interest
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Assets Current
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Derivative Liability Fair Value Of Collateral
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Investments In Affiliates Subsidiaries Associates And Joint Ventures
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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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Property Plant And Equipment Gross
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Assets
Assets
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Goodwill
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Notes Receivable Gross
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Deferred Compensation Employee Stock Ownership Plans And Other
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Earnings Per Share Diluted
EarningsPerShareDiluted
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3.05 | ||
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Weighted Average Number Of Diluted Shares Outstanding
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Common Stock Dividends Per Share Declared
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1.6650 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
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3.05 | ||
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Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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12351000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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11977000000 | ||
us-gaap |
Profit Loss
ProfitLoss
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12862000000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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9811000000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
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6373000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-22000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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-161000000 | ||
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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-1443000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
158000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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-511000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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-70000000 | ||
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-98000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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19662000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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890000000 | ||
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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1184000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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6800000000 | ||
us-gaap |
Interest Expense
InterestExpense
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3742000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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132000000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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31000000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
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11978000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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-24596000000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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-305000000 | ||
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1899000000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
24222000000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
|
74050000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
374000000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1136000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1247000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-6723000000 | ||
us-gaap |
Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
|
4500000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
374000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
16279000000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
21571000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-10553000000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1165000000 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
6497000000 | ||
vz |
Deferred Purchase Price Receivable Recorded
DeferredPurchasePriceReceivableRecorded
|
1700000000 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.11 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000732712 | ||
dei |
Trading Symbol
TradingSymbol
|
VZ | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4086000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4080000000 | shares | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.7075 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.12 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6000000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
17629000000 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
VERIZON COMMUNICATIONS INC | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
11216000000 | ||
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 nine months ended September 30, 2016 and 2015. | ||
us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
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3500000 | shares | |
us-gaap |
Revenues
Revenues
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93640000000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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963000000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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-58000000 | ||
us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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152000000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
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11782000000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
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81858000000 | ||
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
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14510000000 | ||
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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11398000000 | ||
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
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400000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
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19036000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
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8632000000 | ||
us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
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142000000 | ||
us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
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3300000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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10840000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
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-17000000 | ||
us-gaap |
Profit Loss
ProfitLoss
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9008000000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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410000000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
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6908000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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-35000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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-23000000 | ||
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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4010000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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-1697000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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2208000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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2208000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable From Securitization
IncreaseDecreaseInAccountsReceivableFromSecuritization
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59000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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-63000000 | ||
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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-94000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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14037000000 | ||
us-gaap |
Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
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746000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
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6960000000 | ||
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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4531000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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5029000000 | ||
us-gaap |
Interest Expense
InterestExpense
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3239000000 | ||
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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us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
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11941000000 | ||
us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
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347000000 | ||
us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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-120000000 | ||
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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25601000000 | ||
us-gaap |
Assets That Continue To Be Recognized Securitized Or Asset Backed Financing Arrangement Assets And Any Other Financial Assets Managed Together Net Credit Losses During Period
AssetsThatContinueToBeRecognizedSecuritizedOrAssetBackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherNetCreditLossesDuringPeriod
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100000000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
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74604000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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376000000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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963000000 | ||
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
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250000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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1255000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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1971000000 | ||
us-gaap |
Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromCollectionsReinvestedInRevolvingPeriodTransfers
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900000000 | ||
us-gaap |
Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
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2000000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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376000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
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14882000000 | ||
us-gaap |
Cost Of Services
CostOfServices
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22180000000 | ||
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
641000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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-13119000000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-2567000000 | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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2594000000 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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8152000000 | ||
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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437000000 | ||
vz |
Guarantee Obligation Term
GuaranteeObligationTerm
|
P30Y | ||
vz |
Approximate Number Of Federal District Court Actions Alleged For Patent Infringement
ApproximateNumberOfFederalDistrictCourtActionsAllegedForPatentInfringement
|
40 | LegalMatter | |
vz |
Finance Receivables Collected And Remitted Net Of Fees
FinanceReceivablesCollectedAndRemittedNetOfFees
|
5700000000 | ||
vz |
Financing Receivable Allowance For Credit Losses Other
FinancingReceivableAllowanceForCreditLossesOther
|
8000000 | ||
vz |
Number Of Customer Tenure Days
NumberOfCustomerTenureDays
|
P210D | ||
vz |
Deferred Purchase Price Receivable Recorded
DeferredPurchasePriceReceivableRecorded
|
400000000 | ||
vz |
Deferred Purchase Price Receivable Collected
DeferredPurchasePriceReceivableCollected
|
500000000 | ||
CY2016Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1800000000 | |
CY2016Q2 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-3600000000 | |
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.89 | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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4086000000 | shares |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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4079000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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0.5775 | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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0.89 | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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7000000 | shares |
CY2016Q3 | us-gaap |
Revenues
Revenues
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30937000000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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147000000 | |
CY2016Q3 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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-797000000 | |
CY2016Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
4124000000 | |
CY2016Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
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26813000000 | |
CY2016Q3 | us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
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100000000 | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6540000000 | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3620000000 | |
CY2016Q3 | us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
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0 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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3658000000 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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3531000000 | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
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3747000000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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-19000000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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-78000000 | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
97000000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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-89000000 | |
CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-23000000 | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5576000000 | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1829000000 | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
1038000000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
139000000 | |
CY2016Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3942000000 | |
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
8226000000 | |
CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
24397000000 | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
127000000 | |
CY2016Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
419000000 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
127000000 | |
CY2016Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5240000000 | |
CY2016Q3 | us-gaap |
Cost Of Services
CostOfServices
|
6989000000 | |
CY2016Q3 | vz |
Severance Pension And Benefit Charges
SeverancePensionAndBenefitCharges
|
200000000 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.99 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4078000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4072000000 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.5650 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.99 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6000000 | shares | |
us-gaap |
Revenues
Revenues
|
33158000000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-90000000 | ||
us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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-342000000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
4292000000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
28866000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7535000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
4038000000 | ||
us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
|
2400000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3950000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3817000000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
4171000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-13000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-74000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
51000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-221000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-18000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6366000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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2195000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
1202000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
44000000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4009000000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
8309000000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
|
25623000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
133000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
438000000 | ||
us-gaap |
Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
|
2000000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
133000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5716000000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
7589000000 | ||
vz |
Deferred Purchase Price Receivable Recorded
DeferredPurchasePriceReceivableRecorded
|
400000000 |