This excerpt taken from the VZ 8-K filed Oct 29, 2007.
Details of 3Q 2007 Adjustments
Special items reflected in this quarters EPS are:
16 cents per share for tax charges that would be payable as a result of possible distributions from the companys investment in Vodafone Omnitel N.V. Verizon estimates that its
portion of these distributions may amount to as much as $2.5 billion pre-tax over the next 12 months.
2 cents per share for costs in connection with the spin-off of access lines in Maine, New Hampshire and Vermont. These costs are non-operational and include systems-related costs to
enable the spin-off to operate on a stand-alone basis.
1 cent per share for MCI merger integration costs.
Bet you've never seen portfolio analytics like these.