2017 Q2 Form 10-Q Financial Statement
#000119312517247167 Filed on August 03, 2017
Income Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
Revenue | $30.55B | $30.53B |
YoY Change | 0.05% | -5.25% |
Cost Of Revenue | $7.075B | $7.577B |
YoY Change | -6.63% | 8.34% |
Gross Profit | $23.47B | $22.96B |
YoY Change | 2.26% | -9.02% |
Gross Profit Margin | 76.84% | 75.18% |
Selling, General & Admin | $5.883B | $9.775B |
YoY Change | -39.82% | 22.59% |
% of Gross Profit | 25.06% | 42.58% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.167B | $3.982B |
YoY Change | 4.65% | 0.05% |
% of Gross Profit | 17.75% | 17.35% |
Operating Expenses | $5.883B | $9.775B |
YoY Change | -39.82% | 22.59% |
Operating Profit | $8.013B | $8.091B |
YoY Change | -0.96% | 3.45% |
Interest Expense | $1.218B | $1.013B |
YoY Change | 20.24% | -16.14% |
% of Operating Profit | 15.2% | 12.52% |
Other Income/Expense, Net | $199.0M | -$1.826B |
YoY Change | -110.9% | -5806.25% |
Pretax Income | $6.967B | $1.695B |
YoY Change | 311.03% | -74.42% |
Income Tax | $2.489B | $864.0M |
% Of Pretax Income | 35.73% | 50.97% |
Net Earnings | $4.362B | $702.0M |
YoY Change | 521.37% | -83.41% |
Net Earnings / Revenue | 14.28% | 2.3% |
Basic Earnings Per Share | $1.07 | $0.17 |
Diluted Earnings Per Share | $1.07 | $0.17 |
COMMON SHARES | ||
Basic Shares Outstanding | 4.082B shares | 4.079B shares |
Diluted Shares Outstanding | 4.087B shares | 4.085B shares |
Balance Sheet
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $4.583B | $2.857B |
YoY Change | 60.41% | -13.87% |
Cash & Equivalents | $4.583B | $2.857B |
Short-Term Investments | $0.00 | |
Other Short-Term Assets | $3.353B | $3.762B |
YoY Change | -10.87% | 4.73% |
Inventory | $1.116B | $931.0M |
Prepaid Expenses | ||
Receivables | $19.77B | $13.29B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $28.82B | $20.84B |
YoY Change | 38.28% | -3.06% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $86.52B | $83.17B |
YoY Change | 4.03% | 0.78% |
Goodwill | $28.53B | $25.42B |
YoY Change | 12.24% | -0.05% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.075B | $822.0M |
YoY Change | 30.78% | 3.53% |
Other Assets | $8.795B | $7.235B |
YoY Change | 21.56% | 10.54% |
Total Long-Term Assets | $224.2B | $211.0B |
YoY Change | 6.22% | -3.75% |
TOTAL ASSETS | ||
Total Short-Term Assets | $28.82B | $20.84B |
Total Long-Term Assets | $224.2B | $211.0B |
Total Assets | $253.0B | $231.9B |
YoY Change | 9.1% | -3.69% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $17.83B | $19.09B |
YoY Change | -6.63% | 12.61% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $0.00 | $6.803B |
YoY Change | -100.0% | 61.75% |
Total Short-Term Liabilities | $27.76B | $34.41B |
YoY Change | -19.33% | 12.28% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $116.4B | $92.92B |
YoY Change | 25.26% | -15.11% |
Other Long-Term Liabilities | $12.79B | $11.91B |
YoY Change | 7.35% | 6.63% |
Total Long-Term Liabilities | $12.79B | $11.91B |
YoY Change | 7.35% | 6.63% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $27.76B | $34.41B |
Total Long-Term Liabilities | $12.79B | $11.91B |
Total Liabilities | $40.55B | $46.32B |
YoY Change | -12.47% | 10.77% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $18.16B | $11.65B |
YoY Change | 55.84% | 81.55% |
Common Stock | $424.0M | $424.0M |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $7.142B | $7.279B |
YoY Change | -1.88% | -5.97% |
Treasury Stock Shares | ||
Shareholders Equity | $25.19B | $19.24B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $253.0B | $231.9B |
YoY Change | 9.1% | -3.69% |
Cashflow Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $4.362B | $702.0M |
YoY Change | 521.37% | -83.41% |
Depreciation, Depletion And Amortization | $4.167B | $3.982B |
YoY Change | 4.65% | 0.05% |
Cash From Operating Activities | $7.930B | $5.489B |
YoY Change | 44.47% | -37.18% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$4.063B | -$4.037B |
YoY Change | 0.64% | -12.43% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$646.0M | $10.13B |
YoY Change | -106.38% | -524.57% |
Cash From Investing Activities | -$4.709B | $6.089B |
YoY Change | -177.34% | -187.05% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -2.765B | -14.57B |
YoY Change | -81.02% | 366.89% |
NET CHANGE | ||
Cash From Operating Activities | 7.930B | 5.489B |
Cash From Investing Activities | -4.709B | 6.089B |
Cash From Financing Activities | -2.765B | -14.57B |
Net Change In Cash | 456.0M | -2.989B |
YoY Change | -115.26% | 116.91% |
FREE CASH FLOW | ||
Cash From Operating Activities | $7.930B | $5.489B |
Capital Expenditures | -$4.063B | -$4.037B |
Free Cash Flow | $11.99B | $9.526B |
YoY Change | 25.9% | -28.63% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
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Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
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8400000000 | |
CY2016Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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578000000 | |
CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2017Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.10 | |
CY2017Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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CY2017Q2 | dei |
Entity Common Stock Shares Outstanding
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Preferred Stock Shares Issued
PreferredStockSharesIssued
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.10 | |
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Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
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CY2017Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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Principal Amount Outstanding On Loans Securitized
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CY2017Q2 | us-gaap |
Preferred Stock Value
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Other Liabilities Noncurrent
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Liabilities And Stockholders Equity
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Financing Receivable Allowance For Credit Losses
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Accounts Payable And Accrued Liabilities Current
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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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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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Notes Payable
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Deferred Tax Liabilities Noncurrent
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Debt Current
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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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Long Term Debt Current
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Long Term Debt And Capital Lease Obligations
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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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Goodwill
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Notes Receivable Gross
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Pledged Assets Not Separately Reported Finance Receivables
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Treasury Stock Value
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Deferred Compensation Employee Stock Ownership Plans And Other
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Short Term And Long Term Debt
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Financing Receivable Allowance For Credit Losses
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Cash And Cash Equivalents At Carrying Value
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Common Stock Par Or Stated Value Per Share
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0.10 | |
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Common Stock Shares Issued
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Preferred Stock Shares Issued
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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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Liabilities And Stockholders Equity
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Financing Receivable Allowance For Credit Losses
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Accounts Payable And Accrued Liabilities Current
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Common Stock Value
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Additional Paid In Capital
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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
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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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Minority Interest
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Long Term Debt And Capital Lease Obligations
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Liabilities Current
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Assets Current
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Derivative Liability Fair Value Of Collateral
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200000000 | |
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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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Indefinite Lived License Agreements
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Inventory Net
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Assets
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Finite Lived Intangible Assets Net
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Finite Lived Intangible Assets Gross
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Goodwill
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|
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Notes Receivable Gross
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Prepaid Expense And Other Assets Current
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Treasury Stock Value
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|
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Deferred Compensation Employee Stock Ownership Plans And Other
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|
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dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
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Document Type
DocumentType
|
10-Q | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.91 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000732712 | ||
dei |
Trading Symbol
TradingSymbol
|
VZ | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4088000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
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|
4082000000 | shares | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.155 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.91 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-06-30 | ||
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
|
9918000000 | ||
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, 2017 and 2016. | ||
us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
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2700000 | shares | |
us-gaap |
Revenues
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us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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121000000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
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us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
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us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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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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us-gaap |
Operating Income Loss
OperatingIncomeLoss
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us-gaap |
Net Income Loss
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us-gaap |
Financing Receivable Significant Sales
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us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap |
Adjustments To Additional Paid In Capital Other
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us-gaap |
Profit Loss
ProfitLoss
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us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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315000000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
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us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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88000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap |
Increase Decrease In Operating Capital
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us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
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us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap |
Other Comprehensive Income Loss Net Of Tax
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Income Loss From Equity Method Investments
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us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap |
Debt Instrument Increase Decrease Other Net
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us-gaap |
Deferred Income Tax Expense Benefit
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us-gaap |
Dividends Common Stock Cash
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Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap |
Interest Expense
InterestExpense
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2350000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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Proceeds From Divestiture Of Businesses
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Depreciation And Amortization
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Financing Receivable Allowance For Credit Losses Write Offs
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Goodwill Other Increase Decrease
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Net Cash Provided By Used In Investing Activities
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Proceeds From Repayments Of Short Term Debt
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Proceeds From Payments For Other Financing Activities
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Selling General And Administrative Expense
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Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
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Costs And Expenses
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Net Income Loss Attributable To Noncontrolling Interest
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us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap |
Stockholders Equity Other
StockholdersEquityOther
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239000000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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937000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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219000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
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us-gaap |
Cost Of Services
CostOfServices
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13933000000 | ||
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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1324000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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315000000 | ||
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Guarantee Obligation Term
GuaranteeObligationTerm
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P30Y0M0D | ||
vz |
Number Of Customer Tenure Days
NumberOfCustomerTenureDays
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P210D | ||
vz |
Severance Pension And Benefit Credits Charges
SeverancePensionAndBenefitCreditsCharges
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607000000 | ||
vz |
Finance Receivables Collected And Remitted Net Of Fees
FinanceReceivablesCollectedAndRemittedNetOfFees
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9600000000 | ||
vz |
Cash Proceeds Received Net Of Remittances
CashProceedsReceivedNetOfRemittances
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500000000 | ||
vz |
Approximate Number Of Federal District Court Actions Alleged For Patent Infringement
ApproximateNumberOfFederalDistrictCourtActionsAllegedForPatentInfringement
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vz |
Deferred Purchase Price Receivable Collected
DeferredPurchasePriceReceivableCollected
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600000000 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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4080000000 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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1.130 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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12908000000 | ||
us-gaap |
Revenues
Revenues
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62703000000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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178000000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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1007000000 | ||
us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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200000000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
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7658000000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
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55045000000 | ||
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
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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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us-gaap |
Operating Income Loss
OperatingIncomeLoss
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12496000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
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5012000000 | ||
us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
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3300000000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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7558000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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7309000000 | ||
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 Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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55000000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap |
Increase Decrease In Operating Capital
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1067000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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2297000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable From Securitization
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us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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8461000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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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 Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
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9882000000 | ||
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 |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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2653000000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap |
Proceeds From Payments For Other Financing Activities
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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 |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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651000000 | ||
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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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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249000000 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
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9642000000 | ||
us-gaap |
Cost Of Services
CostOfServices
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15191000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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77000000 | ||
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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310000000 | ||
vz |
Severance Pension And Benefit Credits Charges
SeverancePensionAndBenefitCreditsCharges
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3715000000 | ||
vz |
Deferred Purchase Price Receivable Recorded
DeferredPurchasePriceReceivableRecorded
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400000000 | ||
vz |
Financing Receivable Allowance For Credit Losses Other
FinancingReceivableAllowanceForCreditLossesOther
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6000000 | ||
CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
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0.17 | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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4085000000 | shares |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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4079000000 | shares |
CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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0.565 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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0.17 | |
CY2016Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2016Q2 | us-gaap |
Revenues
Revenues
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30532000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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-147000000 | |
CY2016Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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1007000000 | |
CY2016Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
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3704000000 | |
CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
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26828000000 | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
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4554000000 | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
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702000000 | |
CY2016Q2 | us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
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700000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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3219000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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3090000000 | |
CY2016Q2 | us-gaap |
Profit Loss
ProfitLoss
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831000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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25000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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2000000 | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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-1826000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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2388000000 | |
CY2016Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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-20000000 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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1695000000 | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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864000000 | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
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1013000000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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-2508000000 | |
CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
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3982000000 | |
CY2016Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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9775000000 | |
CY2016Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
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25978000000 | |
CY2016Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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129000000 | |
CY2016Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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401000000 | |
CY2016Q2 | us-gaap |
Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromCollectionsReinvestedInRevolvingPeriodTransfers
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600000000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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129000000 | |
CY2016Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
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4644000000 | |
CY2016Q2 | us-gaap |
Cost Of Services
CostOfServices
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7577000000 | |
CY2016Q2 | vz |
Severance Pension And Benefit Credits Charges
SeverancePensionAndBenefitCreditsCharges
|
3550000000 | |
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.07 | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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4087000000 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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4082000000 | shares |
CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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0.578 | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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1.07 | |
CY2017Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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5000000 | shares |
CY2017Q2 | us-gaap |
Revenues
Revenues
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30548000000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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-186000000 | |
CY2017Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
1774000000 | |
CY2017Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
4298000000 | |
CY2017Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
26250000000 | |
CY2017Q2 | us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
|
200000000 | |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
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8232000000 | |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4362000000 | |
CY2017Q2 | us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
|
0 | |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
4153000000 | |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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4037000000 | |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4478000000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
17000000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-20000000 | |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-19000000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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-325000000 | |
CY2017Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-28000000 | |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6967000000 | |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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2489000000 | |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
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1218000000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
136000000 | |
CY2017Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4167000000 | |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6039000000 | |
CY2017Q2 | us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
152000000 | |
CY2017Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
22316000000 | |
CY2017Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
116000000 | |
CY2017Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
485000000 | |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
116000000 | |
CY2017Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5035000000 | |
CY2017Q2 | us-gaap |
Cost Of Services
CostOfServices
|
7075000000 | |
CY2017Q2 | vz |
Severance Pension And Benefit Credits Charges
SeverancePensionAndBenefitCreditsCharges
|
607000000 | |
CY2017Q2 | vz |
Deferred Purchase Price Receivable Collected
DeferredPurchasePriceReceivableCollected
|
300000000 |