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Equity and Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 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 September 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 |  |  | 13,412 |  |  |  |  | 13,539 |  |
Other |  |  | (4) |  |  |  |  | (60) |  |
Balance at end of period |  |  | 13,408 |  |  |  |  | 13,479 |  |
Retained Earnings |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 93,275 |  |  |  |  | 86,504 |  |
Net income attributable to Verizon |  |  | 4,950 |  |  |  |  | 3,306 |  |
Dividends declared ($0.6900, $0.6775 per share) |  |  | (2,909) |  |  |  |  | (2,852) |  |
Balance at end of period |  |  | 95,316 |  |  |  |  | 86,958 |  |
Accumulated Other Comprehensive Loss |  |  |  |  |  |  |  |
Balance at beginning of period attributable to Verizon |  |  | (1,475) |  |  |  |  | (1,287) |  |
Foreign currency translation adjustments |  |  | (3) |  |  |  |  | 59 |  |
Unrealized gain (loss) on cash flow hedges |  |  | (13) |  |  |  |  | 6 |  |
Unrealized loss on fair value hedges |  |  | (161) |  |  |  |  | (446) |  |
Unrealized gain on marketable securities |  |  | 3 |  |  |  |  | 5 |  |
Defined benefit pension and postretirement plans |  |  | (2) |  |  |  |  | (2) |  |
Other comprehensive loss |  |  | (176) |  |  |  |  | (378) |  |
Balance at end of period attributable to Verizon |  |  | (1,651) |  |  |  |  | (1,665) |  |
Treasury Stock |  |  |  |  |  |  |  |
Balance at beginning of period | (75,108) |  |  | (3,292) |  |  | (81,914) |  |  | (3,590) |  |
Employee plans | 100 |  |  | 5 |  |  | 107 |  |  | 5 |  |
Balance at end of period | (75,008) |  |  | (3,287) |  |  | (81,807) |  |  | (3,585) |  |
Deferred Compensation-ESOPs and Other |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 714 |  |  |  |  | 577 |  |
Restricted stock equity grant |  |  | 116 |  |  |  |  | 140 |  |
Amortization |  |  | (3) |  |  |  |  | (7) |  |
Balance at end of period |  |  | 827 |  |  |  |  | 710 |  |
Noncontrolling Interests |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 1,298 |  |  |  |  | 1,367 |  |
Total comprehensive income |  |  | 106 |  |  |  |  | 105 |  |
Distributions and other |  |  | (101) |  |  |  |  | (130) |  |
Balance at end of period |  |  | 1,303 |  |  |  |  | 1,342 |  |
Total Equity |  |  | $ | 106,345 |  |  |  |  | $ | 97,668 |  |
| Nine Months Ended September 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 |  |  | (58) |  |  |  |  | (152) |  |
Balance at end of period |  |  | 13,408 |  |  |  |  | 13,479 |  |
Retained Earnings |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 89,110 |  |  |  |  | 82,915 |  |
Net income attributable to Verizon |  |  | 14,832 |  |  |  |  | 12,501 |  |
Dividends declared ($2.0450, $2.0075 per share) |  |  | (8,626) |  |  |  |  | (8,454) |  |
Other |  |  | — |  |  |  |  | (4) |  |
Balance at end of period |  |  | 95,316 |  |  |  |  | 86,958 |  |
Accumulated Other Comprehensive Loss |  |  |  |  |  |  |  |
Balance at beginning of period attributable to Verizon |  |  | (923) |  |  |  |  | (1,380) |  |
Foreign currency translation adjustments |  |  | 140 |  |  |  |  | 9 |  |
Unrealized gain (loss) on cash flow hedges |  |  | (13) |  |  |  |  | 60 |  |
Unrealized loss on fair value hedges |  |  | (853) |  |  |  |  | (350) |  |
Unrealized gain on marketable securities |  |  | 4 |  |  |  |  | 2 |  |
Defined benefit pension and postretirement plans |  |  | (6) |  |  |  |  | (6) |  |
Other comprehensive loss |  |  | (728) |  |  |  |  | (285) |  |
Balance at end of period attributable to Verizon |  |  | (1,651) |  |  |  |  | (1,665) |  |
Treasury Stock |  |  |  |  |  |  |  |
Balance at beginning of period | (81,753) |  |  | (3,583) |  |  | (87,173) |  |  | (3,821) |  |
Employee plans | 6,745 |  |  | 296 |  |  | 5,364 |  |  | 236 |  |
Shareholder plans | — |  |  | — |  |  | 2 |  |  | — |  |
Balance at end of period | (75,008) |  |  | (3,287) |  |  | (81,807) |  |  | (3,585) |  |
Deferred Compensation-ESOPs and Other |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 738 |  |  |  |  | 656 |  |
Restricted stock equity grant |  |  | 490 |  |  |  |  | 415 |  |
Amortization |  |  | (401) |  |  |  |  | (361) |  |
Balance at end of period |  |  | 827 |  |  |  |  | 710 |  |
Noncontrolling Interests |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 1,338 |  |  |  |  | 1,369 |  |
Total comprehensive income |  |  | 328 |  |  |  |  | 334 |  |
Distributions and other |  |  | (363) |  |  |  |  | (361) |  |
Balance at end of period |  |  | 1,303 |  |  |  |  | 1,342 |  |
Total Equity |  |  | $ | 106,345 |  |  |  |  | $ | 97,668 |  |
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 | — |  |  | — |  |  |  |  | (801) |  |  | — |  |  | — |  |  | (801) |
Other comprehensive income (loss) | 140 |  |  | (73) |  |  |  |  | — |  |  | 4 |  |  | — |  |  | 71 |
Amounts reclassified to net income | — |  |  | 60 |  |  |  |  | (52) |  |  | — |  |  | (6) |  |  | 2 |
Net other comprehensive income (loss) | 140 |  |  | (13) |  |  |  |  | (853) |  |  | 4 |  |  | (6) |  |  | (728) |
Balance at September 30, 2025 | $ | (593) |  |  | $ | (994) |  |  |  |  | $ | (264) |  |  | $ | (1) |  |  | $ | 201 |  |  | $ | (1,651) |

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