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VZ » Topics » Details of 3Q 2007 Adjustments

This excerpt taken from the VZ 8-K filed Oct 29, 2007.

Details of 3Q 2007 Adjustments

Special items reflected in this quarter’s EPS are:

 

  • 16 cents per share for tax charges that would be payable as a result of possible distributions from the company’s 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.
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