Verizon Wireless 2013 Annual Report Download - page 69

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67
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)
Years Ended December 31, 2013 2012 2011
Operating Revenues
Total reportable segments $ 120,246 $ 115,648 $ 110,836
Reconciling items:
Corporate, eliminations and other 304 198 39
Consolidated operating revenues $ 120,550 $ 115,846 $ 110,875
A reconciliation of the total of the reportable segments' operating income to consolidated Income before (provision) benet for income taxes is as follows:
(dollars in millions)
Years Ended December 31, 2013 2012 2011
Operating Income
Total segment operating income $ 26,370 $ 21,828 $ 19,486
Severance, pension and benet credits (charges) (Note 11) 6,232 (7,186) (5,954)
Gain on spectrum license transaction (Note 2) 278 – –
Litigation settlements (Note 16) – (384) –
Other costs (Note 8) – (276) –
Corporate, eliminations and other (912) (822) (652)
Consolidated operating income 31,968 13,160 12,880
Equity in earnings of unconsolidated businesses 142 324 444
Other income and (expense), net (166) (1,016) (14)
Interest expense (2,667) (2,571) (2,827)
Income Before (Provision) Benet for Income Taxes $ 29,277 $ 9,897 $ 10,483
A reconciliation of the total of the reportable segments' assets to consolidated assets is as follows:
(dollars in millions)
At December 31, 2013 2012
Assets
Total reportable segments $ 231,002 $ 227,300
Corporate, eliminations and other 43,096 (2,078)
Total consolidated $ 274,098 $ 225,222
Corporate, eliminations and other at December 31, 2013 is primarily comprised of cash and cash equivalents which were used to complete the
Wireless Transaction on February 21, 2014.
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 revenues during the years ended December 31, 2013, 2012 and 2011. International operating revenues and
long-lived assets are not signicant.