XML 71 R47.htm IDEA: XBRL DOCUMENT
v3.24.2

Debt - Schedule of ABS Notes Transactions (Details) - USD ($) $ in Millions | 1 Months Ended
--- | ---
Jun. 30, 2024 | Apr. 30, 2024 | Jan. 31, 2024
Secured Overnight Financial Rate (SOFR) |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | 5.333% |  |
Asset Backed Notes |  |  |
Debt Instrument [Line Items] |  |  |
Principal Amount Issued | $ 3,966 |  |
January 2024 ABS Notes |  |  |
Debt Instrument [Line Items] |  |  |
Principal Amount Issued |  |  | $ 1,915
January 2024 ABS Notes | A-1a Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 5.00%
Expected Weighted-average Life to Maturity (in years) |  |  | 1 year 11 months 1 day
Principal Amount Issued |  |  | $ 835
January 2024 ABS Notes | A-1b Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Expected Weighted-average Life to Maturity (in years) |  |  | 1 year 11 months 1 day
Principal Amount Issued |  |  | $ 279
January 2024 ABS Notes | A-1b Senior class notes | Secured Overnight Financial Rate (SOFR) |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate |  |  | 0.65%
January 2024 ABS Notes | B Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 5.24%
Expected Weighted-average Life to Maturity (in years) |  |  | 1 year 11 months 1 day
Principal Amount Issued |  |  | $ 0
January 2024 ABS Notes | C Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 5.49%
Expected Weighted-average Life to Maturity (in years) |  |  | 1 year 11 months 1 day
Principal Amount Issued |  |  | $ 51
January 2024 ABS Notes | A Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 4.83%
Expected Weighted-average Life to Maturity (in years) |  |  | 4 years 11 months 1 day
Principal Amount Issued |  |  | $ 668
January 2024 ABS Notes | B Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 5.08%
Expected Weighted-average Life to Maturity (in years) |  |  | 4 years 11 months 1 day
Principal Amount Issued |  |  | $ 51
January 2024 ABS Notes | C Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  |  | 5.32%
Expected Weighted-average Life to Maturity (in years) |  |  | 4 years 11 months 1 day
Principal Amount Issued |  |  | $ 31
April 2024 ABS Notes |  |  |
Debt Instrument [Line Items] |  |  |
Principal Amount Issued |  | $ 875 |
April 2024 ABS Notes | A-1a Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  | 5.34% |
Expected Weighted-average Life to Maturity (in years) |  | 2 years 11 months 26 days |
Principal Amount Issued |  | $ 605 |
April 2024 ABS Notes | A-1b Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Expected Weighted-average Life to Maturity (in years) |  | 2 years 11 months 26 days |
Principal Amount Issued |  | $ 175 |
April 2024 ABS Notes | A-1b Senior class notes | Secured Overnight Financial Rate (SOFR) |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate |  | 0.58% |
April 2024 ABS Notes | B Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  | 5.54% |
Expected Weighted-average Life to Maturity (in years) |  | 2 years 11 months 26 days |
Principal Amount Issued |  | $ 59 |
April 2024 ABS Notes | C Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument |  | 5.73% |
Expected Weighted-average Life to Maturity (in years) |  | 2 years 11 months 26 days |
Principal Amount Issued |  | $ 36 |
June 2024 ABS Notes |  |  |
Debt Instrument [Line Items] |  |  |
Principal Amount Issued | $ 1,176 |  |
June 2024 ABS Notes | A-1a Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.21% |  |
Expected Weighted-average Life to Maturity (in years) | 1 year 11 months 23 days |  |
Principal Amount Issued | $ 289 |  |
June 2024 ABS Notes | A-1b Senior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Expected Weighted-average Life to Maturity (in years) | 1 year 11 months 23 days |  |
Principal Amount Issued | $ 246 |  |
June 2024 ABS Notes | A-1b Senior class notes | Secured Overnight Financial Rate (SOFR) |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | 0.55% |  |
June 2024 ABS Notes | B Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.40% |  |
Expected Weighted-average Life to Maturity (in years) | 1 year 11 months 23 days |  |
Principal Amount Issued | $ 41 |  |
June 2024 ABS Notes | C Junior class notes |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.60% |  |
Expected Weighted-average Life to Maturity (in years) | 1 year 11 months 23 days |  |
Principal Amount Issued | $ 25 |  |
June 2024 ABS Notes | Class A Senior Secured Notes - Series 2024-5 |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.00% |  |
Expected Weighted-average Life to Maturity (in years) | 4 years 11 months 23 days |  |
Principal Amount Issued | $ 512 |  |
June 2024 ABS Notes | Class B Junior Secured Notes - Series 2024-5 |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.25% |  |
Expected Weighted-average Life to Maturity (in years) | 4 years 11 months 23 days |  |
Principal Amount Issued | $ 39 |  |
June 2024 ABS Notes | Class C Junior Secured Notes - Series 2024-5 |  |  |
Debt Instrument [Line Items] |  |  |
Stated interest rate on debt instrument | 5.49% |  |
Expected Weighted-average Life to Maturity (in years) | 4 years 11 months 23 days |  |
Principal Amount Issued | $ 24 |  |

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_VariableRateAxis=vz_SecuredOvernightFinancialRateSOFRMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vz_AssetBackedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vz_January2024ABSNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1ASeniorSecuredNotesSeries20241Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1BSeniorSecuredNotesSeries20241Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassBJuniorSecuredNotesSeries20241Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassCJuniorSecuredNotesSeries20241Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassASeniorSecuredNotesSeries20242Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassBJuniorSecuredNotesSeries20242Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassCJuniorSecuredNotesSeries20242Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vz_April2024ABSNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1ASeniorSecuredNotesSeries20243Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1BSeniorSecuredNotesSeries20243Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassBJuniorSecuredNotesSeries20243Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassCJuniorSecuredNotesSeries20243Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vz_June2024ABSNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1ASeniorSecuredNotesSeries20244Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassA1BSeniorSecuredNotesSeries20244Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassBJuniorSecuredNotesSeries20244Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassCJuniorSecuredNotesSeries20244Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassASeniorSecuredNotesSeries20245Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassBJuniorSecuredNotesSeries20245Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vz_ClassCJuniorSecuredNotesSeries20245Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |