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Schedule II - Valuation and Qualifying Accounts | 12 Months Ended
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Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
Schedule II - Valuation and Qualifying Accounts |
Schedule II - Valuation and Qualifying Accounts
Verizon Communications Inc. and Subsidiaries For the Years Ended December 31, 2024, 2023 and 2022
|  |  |  |  |  |  |  | (dollars in millions)
|  |  |  | Additions |  |  |  |
Description |  | Balance at Beginning of Period |  | Charged to Expenses |  | Charged to Other Accounts(a) |  | Deductions(b) |  | Balance at End of Period(c)
Allowance for credit losses deducted from accounts receivable: |  |  |  |  |  |
Year 2024 |  | $ | 1,609 |  |  | $ | 2,269 |  |  | $ | 113 |  |  | $ | 2,222 |  |  | $ | 1,769 |
Year 2023 |  | 1,261 |  |  | 2,146 |  |  | 38 |  |  | 1,836 |  |  | 1,609 |
Year 2022 |  | 1,151 |  |  | 1,531 |  |  | 69 |  |  | 1,490 |  |  | 1,261 |
|  |  |  | Additions |  |  |  |
Description |  | Balance at Beginning of Period |  | Charged to Expenses |  | Charged to Other Accounts(d) |  | Deductions(e) |  | Balance at End of Period
Valuation allowance for deferred tax assets: |  |  |  |  |  |
Year 2024 |  | $ | 1,341 |  |  | $ | 157 |  |  | $ | — |  |  | $ | 99 |  |  | $ | 1,399 |
Year 2023 |  | 1,347 |  |  | 68 |  |  | 13 |  |  | 87 |  |  | 1,341 |
Year 2022 |  | 1,574 |  |  | 41 |  |  | — |  |  | 268 |  |  | 1,347 |
(a)Charged to Other Accounts primarily includes amounts previously written off which were credited directly to this account when recovered. (b)Deductions primarily include amounts written off as uncollectible or transferred to other accounts or utilized. (c)Allowance for credit losses includes approximately $617 million, $592 million, and $436 million at December 31, 2024, 2023, and 2022, respectively, related to long-term device payment receivables. (d)Charged to Other Accounts includes current year increase to valuation allowance charged to equity and reclassifications from other balance sheet accounts. (e)Reductions to valuation allowances related to deferred tax assets.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-4 + Details
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