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Equity and Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Changes in Components of Total Equity | Changes in the components of Total equity were as follows:
| Three Months Ended June 30, |
|  |  | 2025 |  |  |  | 2024 |
(dollars in millions, except per share amounts, and shares in thousands) | Shares |  | Amount |  | Shares |  | Amount |
Common Stock |  |  |  |  |  |  |  |
Balance at beginning of period | 4,291,434 |  |  | $ | 429 |  |  | 4,291,434 |  |  | $ | 429 |  |
Balance at end of period | 4,291,434 |  |  | 429 |  |  | 4,291,434 |  |  | 429 |  |
Additional Paid In Capital |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 13,415 |  |  |  |  | 13,571 |  |
Other |  |  | (3) |  |  |  |  | (32) |  |
Balance at end of period |  |  | 13,412 |  |  |  |  | 13,539 |  |
Retained Earnings |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 91,128 |  |  |  |  | 84,714 |  |
Net income attributable to Verizon |  |  | 5,003 |  |  |  |  | 4,593 |  |
Dividends declared ($0.6775, $0.6650 per share) |  |  | (2,856) |  |  |  |  | (2,803) |  |
Balance at end of period |  |  | 93,275 |  |  |  |  | 86,504 |  |
Accumulated Other Comprehensive Loss |  |  |  |  |  |  |  |
Balance at beginning of period attributable to Verizon |  |  | (1,489) |  |  |  |  | (1,199) |  |
Foreign currency translation adjustments |  |  | 76 |  |  |  |  | — |  |
Unrealized gain (loss) on cash flow hedges |  |  | (21) |  |  |  |  | 19 |  |
Unrealized loss on fair value hedges |  |  | (39) |  |  |  |  | (104) |  |
Unrealized loss on marketable securities |  |  | — |  |  |  |  | (1) |  |
Defined benefit pension and postretirement plans |  |  | (2) |  |  |  |  | (2) |  |
Other comprehensive income (loss) |  |  | 14 |  |  |  |  | (88) |  |
Balance at end of period attributable to Verizon |  |  | (1,475) |  |  |  |  | (1,287) |  |
Treasury Stock |  |  |  |  |  |  |  |
Balance at beginning of period | (75,178) |  |  | (3,295) |  |  | (82,179) |  |  | (3,602) |  |
Employee plans | 70 |  |  | 3 |  |  | 265 |  |  | 12 |  |
Balance at end of period | (75,108) |  |  | (3,292) |  |  | (81,914) |  |  | (3,590) |  |
Deferred Compensation-ESOPs and Other |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 534 |  |  |  |  | 421 |  |
Restricted stock equity grant |  |  | 183 |  |  |  |  | 173 |  |
Amortization |  |  | (3) |  |  |  |  | (17) |  |
Balance at end of period |  |  | 714 |  |  |  |  | 577 |  |
Noncontrolling Interests |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 1,315 |  |  |  |  | 1,392 |  |
Total comprehensive income |  |  | 118 |  |  |  |  | 109 |  |
Distributions and other |  |  | (135) |  |  |  |  | (134) |  |
Balance at end of period |  |  | 1,298 |  |  |  |  | 1,367 |  |
Total Equity |  |  | $ | 104,361 |  |  |  |  | $ | 97,539 |  |
| Six Months Ended June 30, |
|  |  | 2025 |  |  |  | 2024 |
(dollars in millions, except per share amounts, and shares in thousands) | Shares |  | Amount |  | Shares |  | Amount |
Common Stock |  |  |  |  |  |  |  |
Balance at beginning of period | 4,291,434 |  |  | $ | 429 |  |  | 4,291,434 |  |  | $ | 429 |  |
Balance at end of period | 4,291,434 |  |  | 429 |  |  | 4,291,434 |  |  | 429 |  |
Additional Paid In Capital |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 13,466 |  |  |  |  | 13,631 |  |
Other |  |  | (54) |  |  |  |  | (92) |  |
Balance at end of period |  |  | 13,412 |  |  |  |  | 13,539 |  |
Retained Earnings |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 89,110 |  |  |  |  | 82,915 |  |
Net income attributable to Verizon |  |  | 9,882 |  |  |  |  | 9,195 |  |
Dividends declared ($1.3550, $1.3300 per share) |  |  | (5,717) |  |  |  |  | (5,602) |  |
Other |  |  | — |  |  |  |  | (4) |  |
Balance at end of period |  |  | 93,275 |  |  |  |  | 86,504 |  |
Accumulated Other Comprehensive Loss |  |  |  |  |  |  |  |
Balance at beginning of period attributable to Verizon |  |  | (923) |  |  |  |  | (1,380) |  |
Foreign currency translation adjustments |  |  | 143 |  |  |  |  | (50) |  |
Unrealized gain on cash flow hedges |  |  | — |  |  |  |  | 54 |  |
Unrealized gain (loss) on fair value hedges |  |  | (692) |  |  |  |  | 96 |  |
Unrealized gain (loss) on marketable securities |  |  | 1 |  |  |  |  | (3) |  |
Defined benefit pension and postretirement plans |  |  | (4) |  |  |  |  | (4) |  |
Other comprehensive income (loss) |  |  | (552) |  |  |  |  | 93 |  |
Balance at end of period attributable to Verizon |  |  | (1,475) |  |  |  |  | (1,287) |  |
Treasury Stock |  |  |  |  |  |  |  |
Balance at beginning of period | (81,753) |  |  | (3,583) |  |  | (87,173) |  |  | (3,821) |  |
Employee plans | 6,645 |  |  | 291 |  |  | 5,257 |  |  | 231 |  |
Shareholder plans | — |  |  | — |  |  | 2 |  |  | — |  |
Balance at end of period | (75,108) |  |  | (3,292) |  |  | (81,914) |  |  | (3,590) |  |
Deferred Compensation-ESOPs and Other |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 738 |  |  |  |  | 656 |  |
Restricted stock equity grant |  |  | 374 |  |  |  |  | 275 |  |
Amortization |  |  | (398) |  |  |  |  | (354) |  |
Balance at end of period |  |  | 714 |  |  |  |  | 577 |  |
Noncontrolling Interests |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 1,338 |  |  |  |  | 1,369 |  |
Total comprehensive income |  |  | 222 |  |  |  |  | 229 |  |
Distributions and other |  |  | (262) |  |  |  |  | (231) |  |
Balance at end of period |  |  | 1,298 |  |  |  |  | 1,367 |  |
Total Equity |  |  | $ | 104,361 |  |  |  |  | $ | 97,539 |  |
Schedule of Components in Accumulated Other Comprehensive Income | 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 hedges |  |  |  | Unrealized gain (loss) on fair value hedges |  | Unrealized gain (loss) on marketable securities |  | Defined benefit pension and postretirement plans |  | Total
Balance at January 1, 2025 | $ | (733) |  |  | $ | (981) |  |  |  |  | $ | 589 |  |  | $ | (5) |  |  | $ | 207 |  |  | $ | (923) |
Excluded components recognized in other comprehensive income | — |  |  | — |  |  |  |  | (657) |  |  | — |  |  | — |  |  | (657) |
Other comprehensive income (loss) | 143 |  |  | (41) |  |  |  |  | — |  |  | 1 |  |  | — |  |  | 103 |
Amounts reclassified to net income | — |  |  | 41 |  |  |  |  | (35) |  |  | — |  |  | (4) |  |  | 2 |
Net other comprehensive income (loss) | 143 |  |  | — |  |  |  |  | (692) |  |  | 1 |  |  | (4) |  |  | (552) |
Balance at June 30, 2025 | $ | (590) |  |  | $ | (981) |  |  |  |  | $ | (103) |  |  | $ | (4) |  |  | $ | 203 |  |  | $ | (1,475) |

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