XML 71 R46.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Additional Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Income Statement Information | The following tables provide additional financial information related to our consolidated financial statements: Income Statement Information
| (dollars in millions)
Years Ended December 31, | 2024 |  | 2023 |  | 2022
Depreciation expense | $ | 15,112 |  |  | $ | 14,937 |  |  | $ | 14,592 |
Interest costs on debt balances | 7,382 |  |  | 7,123 |  |  | 5,429 |
Net amortization of debt discount | 230 |  |  | 219 |  |  | 214 |
Capitalized interest costs | (963) |  |  | (1,818) |  |  | (2,030) |
Advertising expense | 3,976 |  |  | 3,847 |  |  | 3,556 |
| (dollars in millions)
Years Ended December 31, | 2024 |  | 2023 |  | 2022
Other income (expense), net |  |  |  |  |
Interest income | $ | 336 |  |  | $ | 354 |  |  | $ | 146 |
Other components of net periodic benefit (cost) income | 300 |  |  | (938) |  |  | 2,386 |
Net debt extinguishment gains (losses) | 385 |  |  | 308 |  |  | (1,077) |
Other, net | (26) |  |  | (37) |  |  | (82) |
| $ | 995 |  |  | $ | (313) |  |  | $ | 1,373 |
Balance Sheet Information | Balance Sheet Information
| (dollars in millions)
At December 31, | 2024 |  | 2023
Prepaid expenses and other |  |  |
Prepaid taxes | $ | 811 |  |  | $ | 550 |
Deferred contract costs | 2,932 |  |  | 2,756 |
Collateral payments related to derivative contracts | 2,118 |  |  | 1,406 |
Restricted cash | 319 |  |  | 1,244 |
Other prepaid expense and other | 1,793 |  |  | 1,651 |
| $ | 7,973 |  |  | $ | 7,607 |
Accounts payable and accrued liabilities |  |  |
Accounts payable | $ | 10,425 |  |  | $ | 10,021 |
Accrued expenses | 5,058 |  |  | 5,190 |
Accrued vacation, salaries and wages | 4,436 |  |  | 4,060 |
Interest payable | 1,553 |  |  | 1,570 |
Taxes payable | 1,902 |  |  | 2,612 |
| $ | 23,374 |  |  | $ | 23,453 |
Other current liabilities |  |  |
Dividends payable | $ | 2,878 |  |  | $ | 2,821 |
Contract liability | 7,492 |  |  | 6,955 |
Other | 3,979 |  |  | 2,755 |
| $ | 14,349 |  |  | $ | 12,531 |
Cash Flow Information | Cash Flow Information
| (dollars in millions)
Years Ended December 31, | 2024 |  | 2023 |  | 2022
Cash Paid |  |  |  |  |
Interest, net of amounts capitalized | $ | 5,505 |  |  | $ | 4,384 |  |  | $ | 3,316 |
Income taxes, net of amounts refunded | 5,632 |  |  | 2,343 |  |  | 2,736 |
Other, net Cash Flows from Operating Activities |  |  |  |  |
Changes in device payment plan agreement non-current receivables | $ | (538) |  |  | $ | (2,975) |  |  | $ | (4,919) |
Net debt extinguishment (gains) losses | (385) |  |  | (308) |  |  | 1,077 |
Other, net | 1,096 |  |  | (427) |  |  | 64 |
| $ | 173 |  |  | $ | (3,710) |  |  | $ | (3,778) |
Other, net Cash Flows from Financing Activities |  |  |  |  |
Net debt related costs(1) | $ | (259) |  |  | $ | (73) |  |  | $ | (366) |
Other, net | (816) |  |  | (1,397) |  |  | (1,706) |
| $ | (1,075) |  |  | $ | (1,470) |  |  | $ | (2,072) |
(1) These costs include the premiums paid for the early extinguishment of debt, fees paid in connection with exchange and tender offers, and settlements of associated instruments.
Supplier Finance Program | The following table presents the confirmed obligations in the SFP and the related activities:
| (dollars in millions)
Year Ended December 31, | 2024 |  |  |  |
Confirmed obligations outstanding at the beginning of the year | $ | 817 |  |  |  |  |
Invoices added during the year | 3,549 |  |  |  |  |
Invoices paid during the year | (3,594) |  |  |  |  |
Confirmed obligations outstanding at the end of year | $ | 772 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplier finance program. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479468/405-50-50-3 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 55 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477128/405-50-55-5 + Details
Name: | us-gaap_SupplierFinanceProgramTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Supplemental balance sheet information table text block + References No definition available. + Details
Name: | vz_SupplementalBalanceSheetInformationTableTextBlock
Namespace Prefix: | vz_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Supplemental income statement information required to be supplementally disclosed. + References No definition available. + Details
Name: | vz_SupplementalIncomeStatementInformationTableTextBlock
Namespace Prefix: | vz_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration