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Equity and Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Equity and Accumulated Other Comprehensive Loss
Note 9. Equity and Accumulated Other Comprehensive Loss
Equity
Changes in the components of Total equity were as follows:
Three Months Ended September 30,
20252024
(dollars in millions, except per share amounts, and shares in thousands)SharesAmountSharesAmount
Common Stock
Balance at beginning of period4,291,434 $429 4,291,434 $429 
Balance at end of period4,291,434 429 4,291,434 429 
Additional Paid In Capital
Balance at beginning of period13,412 13,539 
Other
(4)(60)
Balance at end of period13,408 13,479 
Retained Earnings
Balance at beginning of period93,275 86,504 
Net income attributable to Verizon4,950 3,306 
Dividends declared ($0.6900, $0.6775 per share)
(2,909)(2,852)
Balance at end of period95,316 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 securities3 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 plans100 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 period714 577 
Restricted stock equity grant116 140 
Amortization(3)(7)
Balance at end of period827 710 
Noncontrolling Interests
Balance at beginning of period1,298 1,367 
Total comprehensive income106 105 
Distributions and other
(101)(130)
Balance at end of period1,303 1,342 
Total Equity$106,345 $97,668 
Nine Months Ended September 30,
20252024
(dollars in millions, except per share amounts, and shares in thousands)SharesAmountSharesAmount
Common Stock
Balance at beginning of period4,291,434 $429 4,291,434 $429 
Balance at end of period4,291,434 429 4,291,434 429 
Additional Paid In Capital
Balance at beginning of period13,466 13,631 
Other
(58)(152)
Balance at end of period13,408 13,479 
Retained Earnings
Balance at beginning of period89,110 82,915 
Net income attributable to Verizon14,832 12,501 
Dividends declared ($2.0450, $2.0075 per share)
(8,626)(8,454)
Other— (4)
Balance at end of period95,316 86,958 
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon(923)(1,380)
Foreign currency translation adjustments140 9 
Unrealized gain (loss) on cash flow hedges(13)60 
Unrealized loss on fair value hedges(853)(350)
Unrealized gain on marketable securities4 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 plans6,745 296 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 period738 656 
Restricted stock equity grant490 415 
Amortization(401)(361)
Balance at end of period827 710 
Noncontrolling Interests
Balance at beginning of period1,338 1,369 
Total comprehensive income328 334 
Distributions and other
(363)(361)
Balance at end of period1,303 1,342 
Total Equity$106,345 $97,668 
Common Stock
Verizon did not repurchase any shares of the Company's common stock through its previously authorized share buyback program during the nine months ended September 30, 2025. At September 30, 2025, the maximum number of shares that could be purchased by or on behalf of Verizon under our share buyback program was 100 million.

Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareholder plans, including 6.7 million shares of common stock issued from treasury stock during the nine months ended September 30, 2025.
Accumulated Other Comprehensive Loss
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 hedgesUnrealized gain (loss) on fair value hedgesUnrealized gain (loss) on marketable securitiesDefined benefit pension and postretirement plansTotal
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)

The amounts presented above in Net other comprehensive income (loss) are net of taxes. The amounts reclassified to net income related to unrealized gain (loss) on cash flow hedges and unrealized gain (loss) on fair value hedges in the table above are included in Other income, net and Interest expense in our condensed consolidated statements of income. See Note 7 for additional information. The amounts reclassified to net income related to unrealized gain (loss) on marketable securities and defined benefit pension and postretirement plans in the table above are included in Other income, net in our condensed consolidated statements of income. See Note 8 for additional information.