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Equity and Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Equity and Accumulated Other Comprehensive Loss
Note 9. Equity and Accumulated Other Comprehensive Loss
Equity
Changes in the components of Total equity were as follows:
Three Months Ended September 30,
20232022
(dollars in millions, except per share amounts, and shares in thousands)SharesAmountSharesAmount
Common Stock
Balance at beginning of period4,291,434 $429 4,291,434 $429 
Balance at end of period4,291,434 429 4,291,434 429 
Additional Paid In Capital
Balance at beginning of period13,523 13,872 
Other1 (405)
Balance at end of period13,524 13,467 
Retained Earnings
Balance at beginning of period86,448 76,401 
Net income attributable to Verizon4,762 4,900 
Dividends declared ($0.6650, $0.6525 per share)
(2,796)(2,741)
Other2 (15)
Balance at end of period88,416 78,545 
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon(1,921)(1,320)
Foreign currency translation adjustments(51)(120)
Unrealized gain on cash flow hedges21 22 
Unrealized gain on fair value hedges584 105 
Unrealized loss on marketable securities(5)(8)
Defined benefit pension and postretirement plans(56)(379)
Other comprehensive income (loss)493 (380)
Balance at end of period attributable to Verizon(1,428)(1,700)
Treasury Stock
Balance at beginning of period(87,394)(3,830)(91,719)(4,020)
Employee plans62 2 103 5 
Balance at end of period(87,332)(3,828)(91,616)(4,015)
Deferred Compensation-ESOPs and Other
Balance at beginning of period544 654 
Restricted stock equity grant89 98 
Amortization(5)(10)
Balance at end of period628 742 
Noncontrolling Interests
Balance at beginning of period1,309 1,341 
Total comprehensive income122 124 
Distributions and other(84)(150)
Balance at end of period1,347 1,315 
Total Equity$99,088 $88,783 
Nine Months Ended September 30,
20232022
(dollars in millions, except per share amounts, and shares in thousands)SharesAmountSharesAmount
Common Stock
Balance at beginning of period4,291,434 $429 4,291,434 $429 
Balance at end of period4,291,434 429 4,291,434 429 
Additional Paid In Capital
Balance at beginning of period13,420 13,861 
Other104 (394)
Balance at end of period13,524 13,467 
Retained Earnings
Balance at beginning of period82,380 71,993 
Net income attributable to Verizon14,319 14,679 
Dividends declared ($1.9700, $1.9325 per share)
(8,285)(8,120)
Other2 (7)
Balance at end of period88,416 78,545 
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon(1,865)(927)
Foreign currency translation adjustments(31)(285)
Unrealized gain on cash flow hedges67 301 
Unrealized gain (loss) on fair value hedges575 (167)
Unrealized loss on marketable securities(3)(32)
Defined benefit pension and postretirement plans(171)(590)
Other comprehensive income (loss)437 (773)
Balance at end of period attributable to Verizon(1,428)(1,700)
Treasury Stock
Balance at beginning of period(91,572)(4,013)(93,635)(4,104)
Employee plans4,237 185 2,016 89 
Shareholder plans3 — 3 — 
Balance at end of period(87,332)(3,828)(91,616)(4,015)
Deferred Compensation-ESOPs and Other
Balance at beginning of period793 538 
Restricted stock equity grant225 368 
Amortization(390)(164)
Balance at end of period628 742 
Noncontrolling Interests
Balance at beginning of period1,319 1,410 
Total comprehensive income349 371 
Distributions and other(321)(466)
Balance at end of period1,347 1,315 
Total Equity$99,088 $88,783 
Common Stock
Verizon did not repurchase any shares of the Company's common stock through its previously authorized share buyback program during the nine months ended September 30, 2023. At September 30, 2023, the maximum number of shares that could be purchased by or on behalf of Verizon under our share buyback program was 100 million.

Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareowner plans, including 4.2 million shares of common stock issued from Treasury stock during the nine months ended September 30, 2023.
Accumulated Other Comprehensive Loss
The changes in the balances of Accumulated other comprehensive loss by component were as follows:
(dollars in millions)Foreign 
currency
translation
adjustments		Unrealized gain (loss) on cash flow hedgesUnrealized gain (loss) on fair value hedgesUnrealized gain (loss) on marketable securitiesDefined benefit pension and postretirement plansTotal
Balance at January 1, 2023$(698)$(1,150)$(431)$(9)$423 $(1,865)
Excluded components recognized in other comprehensive income — — 636 — — 636 
Other comprehensive income (loss)(31)4 — (5)— (32)
Amounts reclassified to net income— 63 (61)2 (171)(167)
Net other comprehensive income (loss)(31)67 575 (3)(171)437 
Balance at September 30, 2023$(729)$(1,083)$144 $(12)$252 $(1,428)

The amounts presented above in Net other comprehensive income (loss) are net of taxes. The amounts reclassified to net income related to unrealized gain (loss) on cash flow hedges and unrealized gain (loss) on fair value hedges in the table above are included in Other income (expense), net and Interest expense in our condensed consolidated statements of income. See Note 7 for additional information. The amounts reclassified to net income related to unrealized gain (loss) on marketable securities and defined benefit pension and postretirement plans in the table above are included in Other income (expense), net in our condensed consolidated statements of income. See Note 8 for additional information.