Verizon Wireless 2009 Annual Report Download - page 72

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70
Notes to Consolidated Financial Statements continued
Reconciliation to Consolidated Financial Information
A reconciliation of the segment operating revenues to consolidated operating revenues is as follows:
(dollars in millions)
2009 2008 2007
Operating Revenues
Total reportable segments $ 108,211 $ 97,546 $ 93,011
Reconciling items:
Impact of dispositions and operations sold –258 1,094
Corporate, eliminations and other (403) (450) (636)
Consolidated operating revenues $ 107,808 $ 97,354 $ 93,469
A reconciliation of the total of the reportable segments’ operating income to consolidated Income before provision for income taxes, discontinued
operations and extraordinary item is as follows:
(dollars in millions)
2009 2008 2007
Operating Income
Total segment operating income $ 19,486 $ 17,856 $ 16,289
Merger integration and acquisition costs (see Note 2) (954) (174) (178)
Access line spin-off and other charges (see Note 3) (453) (103) (84)
Taxes on foreign distributions (see Note 13) –– (15)
Severance, pension and benefit charges (see Note 12) (4,046) (950) (772)
Impact of divested operations (see Note 3) – 44 182
Verizon Foundation contribution (see Note 3) –– (100)
Corporate, eliminations and other (6) 211 256
Consolidated operating income $ 14,027 $ 16,884 $ 15,578
Equity in earnings of unconsolidated businesses 553 567 585
Other income (expense), net 90 282 211
Interest expense (3,102) (1,819) (1,829)
Income Before Provision for Income Taxes, Discontinued Operations
and Extraordinary Item $ 11,568 $ 15,914 $ 14,545
Assets
Total reportable segments $ 226,940 $ 202,365
Corporate, eliminations and other 311 (13)
Total consolidated $ 227,251 $ 202,352
We generally account for intersegment sales of products and services and asset transfers at current market prices. No single customer accounted
for more than 10% of our total operating revenue during the years ended December 31, 2009, 2008 and 2007. International operating revenues and
long-lived assets are not significant.