Verizon Wireless 2014 Annual Report Download - page 73

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71
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, 2014 2013 2012
Operating Revenues
Total reportable segments $ 126,075 $ 119,647 $ 114,813
Reconciling items:
Impact of divested operations (Note 2) 256 599 835
Corporate, eliminations and other 748 304 198
Consolidated operating revenues $ 127,079 $ 120,550 $ 115,846
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, 2014 2013 2012
Operating Income
Total segment operating income $ 27,795 $ 26,327 $ 21,772
Severance, pension and benet credits (charges) (Note 12) (7,507) 6,232 (7,186)
Gain on spectrum license transactions (Note 2) 707 278 –
Litigation settlements (Note 17) –– (384)
Impact of divested operations (Note 2) 12 43 56
Other costs (334) – (276)
Corporate, eliminations and other (1,074) (912) (822)
Consolidated operating income 19,599 31,968 13,160
Equity in earnings of unconsolidated businesses 1,780 142 324
Other income and (expense), net (1,194) (166) (1,016)
Interest expense (4,915) (2,667) (2,571)
Income Before (Provision) Benet for Income Taxes $ 15,270 $ 29,277 $ 9,897
A reconciliation of the total of the reportable segments' assets to consolidated assets is as follows:
(dollars in millions)
At December 31, 2014 2013
Assets
Total reportable segments $ 237,058 $ 231,002
Corporate, eliminations and other (4,350) 43,096
Total consolidated $ 232,708 $ 274,098
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, 2014, 2013 and 2012. International operating revenues and
long-lived assets are not signicant.