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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Pay vs Performance Disclosure [Table] |  |  |  |  |
Pay vs Performance Disclosure, Table | Pay versus performance Pay versus performance table As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation and certain financial performance of the Company. For further information concerning Verizon’s variable pay-for-performance philosophy and how Verizon aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis beginning on page 20.
|  |  |  |  |  | Average Summary Compensation table total for non-CEO named |  | Average Compensation Actually Paid to non-CEO named |  | Value of initial fixed $100 investment based on: |  |  |  | Company Selected Measure:
|  | Summary Compensation |  | Compensation |  |  |  | Total |  | Peer group total |  | Net |
Year (a) |  | table total for CEO1($) (b) |  | Actually Paid to CEO2 ($) (c) |  | executive officers3($) (d) |  | executive officers4($) (e) |  | Shareholder return5 ($) (f) |  | shareholder return6 ($) (g) |  | income7 ($ in millions) (h) |  | Adjusted EPS8($) (i)
2024 |  | 24,160,024 |  | 24,752,482 |  | 11,676,817 |  | 12,151,179 |  | 85.92 |  | 197.37 |  | 17,949 |  | 4.59
2023 |  | 24,129,317 |  | 17,840,203 |  | 10,823,622 |  | 7,015,925 |  | 75.92 |  | 140.75 |  | 12,095 |  | 4.71
2022 |  | 19,832,750 |  | 9,173,486 |  | 9,782,141 |  | 6,405,568 |  | 73.88 |  | 90.34 |  | 21,748 |  | 5.18
2021 |  | 20,342,871 |  | 10,522,628 |  | 9,282,312 |  | 4,091,712 |  | 92.36 |  | 150.27 |  | 22,618 |  | 5.50
2020 |  | 19,097,582 |  | 20,279,502 |  | 8,546,205 |  | 9,203,481 |  | 99.88 |  | 123.61 |  | 18,348 |  | 5.10
Company Selected Measure Name | Adjusted EPS |  |  |  |
Named Executive Officers, Footnote |
1 | The amounts in this column are the amounts of total compensation reported for Mr. Vestberg for each corresponding year in the “Total” column of the Summary Compensation table on page 37.
Peer Group Issuers, Footnote [Text Block] | Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P 500 Telecommunications Services Index, which is the peer group used in the Company’s 2024 Annual Report on Form 10-K for purposes of the stock performance graph pursuant to Item 201(e) of Regulation S-K. |  |  |  |
PEO Total Compensation Amount | $ 24,160,024 | $ 24,129,317 | $ 19,832,750 | $ 20,342,871 | $ 19,097,582
PEO Actually Paid Compensation Amount | $ 24,752,482 | 17,840,203 | 9,173,486 | 10,522,628 | 20,279,502
Adjustment To PEO Compensation, Footnote |
2 | The amounts in this column represent the amount of “Compensation Actually Paid” to Mr. Vestberg, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Vestberg during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Vestberg’s total compensation for each year to determine the “Compensation Actually Paid”:
| Year |  | Reported Summary Compensation table total for CEO ($) |  | Reported value of equity awardsa ($) |  | Equity award adjustmentsb ($) |  | Reported change in the actuarial present value of pension benefitsc ($) |  | Pension benefit adjustments ($) |  | Compensation Actually Paid to CEO ($)
| 2024 |  | 24,160,024 |  | 18,000,033 |  | 18,592,491 |  | 0 |  | 0 |  | 24,752,482
| 2023 |  | 24,129,317 |  | 18,000,042 |  | 11,710,928 |  | 0 |  | 0 |  | 17,840,203
| 2022 |  | 19,832,750 |  | 14,500,057 |  | 3,840,793 |  | 0 |  | 0 |  | 9,173,486
| 2021 |  | 20,342,871 |  | 14,500,057 |  | 4,679,814 |  | 0 |  | 0 |  | 10,522,628
| 2020 |  | 19,097,582 |  | 13,300,074 |  | 14,481,994 |  | 0 |  | 0 |  | 20,279,502
| a | This column reflects the grant date fair value of equity awards, which are the total of the amounts reported in the “Stock awards” and “Option awards” columns in the Summary Compensation table for the applicable year.
| b | The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date
that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| Year |  | Year end fair value of equity awards granted in the year and outstanding and unvested as of the end of the year ($) |  | Change in fair value of equity awards granted in prior years and outstanding and unvested as of the end of the year ($) |  | Fair value as of vesting date of equity awards granted and vested in the year ($) |  | Change in fair value of equity awards granted in prior years that vested in the year ($) |  | Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year ($) |  | Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation ($) |  | Total equity award adjustments ($)
| 2024 |  | 19,258,843 |  | 1,840,288 |  | 0 |  | (2,506,640) |  | 0 |  | 0 |  | 18,592,491
| 2023 |  | 18,922,016 |  | (3,366,909) |  | 0 |  | (3,844,179) |  | 0 |  | 0 |  | 11,710,928
| 2022 |  | 10,871,633 |  | (6,577,872) |  | 0 |  | (452,969) |  | 0 |  | 0 |  | 3,840,793
| 2021 |  | 12,793,858 |  | (3,570,518) |  | 0 |  | (4,543,526) |  | 0 |  | 0 |  | 4,679,814
| 2020 |  | 13,776,962 |  | (33,245) |  | 0 |  | 738,276 |  | 0 |  | 0 |  | 14,481,994
| C | The amounts included in this column are the amounts reported in “Change in pension and nonqualified deferred compensation” column of the Summary Compensation table for each applicable year. Mr. Vestberg is not eligible for pension benefits.
3 | The amounts in this column represent the average of the amounts reported for the Company’s named executive officers as a group (excluding Mr. Vestberg, who has served as our CEO since 2018) in the “Total” column of the Summary Compensation table in each applicable year. The names of each of the named executive officers (excluding Mr. Vestberg) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Messrs. Skiadas, Sampath, Malady and Silliman, and Ms. Venkatesh; (ii) for 2023, Messrs. Skiadas, Sampath, Malady, Silliman and Matthew Ellis; (iii) for 2022, Messrs. Ellis, Malady, Sampath and Silliman, and Tami Erwin and Manon Brouillette; (iv) for 2021, Messrs. Ellis and Malady, Ronan Dunne and K. Guru Gowrappan, and Ms. Erwin; and (v) for 2020, Messrs. Ellis, Dunne and Gowrappan, and Ms. Erwin.
Non-PEO NEO Average Total Compensation Amount | $ 11,676,817 | 10,823,622 | 9,782,141 | 9,282,312 | 8,546,205
Non-PEO NEO Average Compensation Actually Paid Amount | $ 12,151,179 | 7,015,925 | 6,405,568 | 4,091,712 | 9,203,481
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] |
4 | The amounts in this column represent the average amount of “Compensation Actually Paid” to the named executive officers as a group (excluding Mr. Vestberg), as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual average amount of compensation earned by or paid to the named executive officers as a group (excluding Mr. Vestberg) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the named executive officers as a group (excluding Mr. Vestberg) for each year to determine the “Compensation Actually Paid”, using the same methodology described above in Note 2:
| Year |  | Average reported Summary Compensation table total for non-CEO named executive officers ($) |  | Average reported value of equity awards ($) |  | Average equity award adjustmentsa ($) |  | Average reported change in the actuarial present value of pension benefits ($) |  | Average pension benefit adjustments ($) |  | Average Compensation Actually Paid to non-CEO named executive officers ($)
| 2024 |  | 11,676,817 |  | 8,000,041 |  | 8,475,407 |  | 1,004 |  | 0 |  | 12,151,179
| 2023 |  | 10,823,622 |  | 7,600,044 |  | 3,793,065 |  | 718 |  | 0 |  | 7,015,925
| 2022 |  | 9,782,141 |  | 6,833,403 |  | 3,456,829 |  | 0 |  | 0 |  | 6,405,568
| 2021 |  | 9,282,312 |  | 6,510,037 |  | 1,319,470 |  | 33 |  | 0 |  | 4,091,712
| 2020 |  | 8,546,205 |  | 6,125,043 |  | 6,798,961 |  | 16,642 |  | 0 |  | 9,203,481
| a | The amounts deducted or added in calculating the total average equity award adjustments are as follows:
| Year |  | Average year end fair value of equity awards granted in the year and outstanding and unvested as of the end of the year ($) |  | Average change in fair value of equity awards granted in prior years and outstanding and unvested as of the end of the year ($) |  | Average fair value as of vesting date of equity awards granted and vested in the year ($) |  | Average change in fair value of equity awards granted in prior years that vested in the year ($) |  | Average fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year ($) |  | Average value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation ($) |  | Total average equity award adjustments ($)
| 2024 |  | 8,536,589 |  | 689,621 |  | 0 |  | (750,803) |  | 0 |  | 0 |  | 8,475,407
| 2023 |  | 6,605,811 |  | (1,134,678) |  | 0 |  | (871,555) |  | (806,513) |  | 0 |  | 3,793,065
| 2022 |  | 5,138,130 |  | (1,483,883) |  | 0 |  | (197,419) |  | 0 |  | 0 |  | 3,456,829
| 2021 |  | 4,859,383 |  | (1,048,432) |  | 0 |  | (1,938,114) |  | (553,367) |  | 0 |  | 1,319,470
| 2020 |  | 6,344,668 |  | (9,872) |  | 0 |  | 464,165 |  | 0 |  | 0 |  | 6,798,961
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Compensation actually paid versus total shareholder return |  |  |  |
Compensation Actually Paid vs. Net Income [Text Block] | Compensation actually paid versus net income |  |  |  |
Compensation Actually Paid vs. Company Selected Measure [Text Block] | Compensation actually paid versus adjusted EPS |  |  |  |
Tabular List [Table Text Block] | For 2024, the most important financial performance measures we used to link executive “Compensation Actually Paid” to the named executive officers to Verizon’s performance are as follows, which are described in more detail in the Compensation Discussion and Analysis and are the performance metrics the Committee chose for Company’s 2024 Long-Term Plan and Short-Term Plan:
• | Adjusted EPS
• | Wireless service revenue
• | Free cash flow
• | Relative TSR
• | Adjusted operating income
• | Cash flow from operations
Total Shareholder Return Amount | $ 85.92 | 75.92 | 73.88 | 92.36 | 99.88
Peer Group Total Shareholder Return Amount | 197.37 | 140.75 | 90.34 | 150.27 | 123.61
Net Income (Loss) Attributable to Parent | $ 17,949,000,000 | $ 12,095,000,000 | $ 21,748,000,000 | $ 22,618,000,000 | $ 18,348,000,000
Company Selected Measure Amount | 4.59 | 4.71 | 5.18 | 5.50 | 5.10
PEO Name | Mr. Vestberg | Mr. Vestberg | Mr. Vestberg | Mr. Vestberg | Mr. Vestberg
Measure [Axis]: 1 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Adjusted EPS |  |  |  |
Non-GAAP Measure Description [Text Block] |
8 | Adjusted EPS is calculated by excluding from the calculation of reported EPS the effect of special items. A reconciliation of adjusted EPS to reported EPS may be found in Appendix A.
Measure [Axis]: 2 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Wireless service revenue |  |  |  |
Measure [Axis]: 3 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Free cash flow |  |  |  |
Measure [Axis]: 4 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Relative TSR |  |  |  |
Measure [Axis]: 5 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Adjusted operating income |  |  |  |
Measure [Axis]: 6 |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Measure Name | Cash flow from operations |  |  |  |
Reported Value Of Equity Awards [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | $ 18,000,033 | $ 18,000,042 | $ 14,500,057 | $ 14,500,057 | $ 13,300,074
Equity Award Adjustments [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 18,592,491 | 11,710,928 | 3,840,793 | 4,679,814 | 14,481,994
Reported Change In The Actuarial Present Value Of Pension Benefits [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
Pension Benefit Adjustments [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
Year End Fair Value Of Equity Awards Granted In The Year And Outstanding And Unvested As Of The End Of The Year [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 19,258,843 | 18,922,016 | 10,871,633 | 12,793,858 | 13,776,962
Change In Fairv Value Of Equity Awards Granted In Prior Years And Outstanding And Unvested As Of The End Of The Year [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 1,840,288 | (3,366,909) | (6,577,872) | (3,570,518) | (33,245)
Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | (2,506,640) | (3,844,179) | (452,969) | (4,543,526) | 738,276
Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected Infair Value Or Total Compensation [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
Total Equity Award Adjustments [Member] | PEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 18,592,491 | 11,710,928 | 3,840,793 | 4,679,814 | 14,481,994
A Average Reported Value Of Equity Awards [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 8,000,041 | 7,600,044 | 6,833,403 | 6,510,037 | 6,125,043
A Average Equity Award Adjustments [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 8,475,407 | 3,793,065 | 3,456,829 | 1,319,470 | 6,798,961
A Average Reported Change In The Actuarial Present Value Of Pension Benefits [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 1,004 | 718 | 0 | 33 | 16,642
A Average Pension Benefit Adjustments [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
A Average Year End Fair Value Of Equity Awards Granted In The Year And Outstanding And Unvested As Of The End Of The Year [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 8,536,589 | 6,605,811 | 5,138,130 | 4,859,383 | 6,344,668
A Average Change In Fair Value Of Equity Awards Granted In Prior Years And Outstanding And Unvested As Of The End Of The Year [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 689,621 | (1,134,678) | (1,483,883) | (1,048,432) | (9,872)
A Average Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
A Average Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | (750,803) | (871,555) | (197,419) | (1,938,114) | 464,165
A Average Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | (806,513) | 0 | (553,367) | 0
A Average Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | 0 | 0 | 0 | 0 | 0
A Total Average Equity Award Adjustments [Member] | Non-PEO NEO [Member] |  |  |  |  |
Pay vs Performance Disclosure [Table] |  |  |  |  |
Adjustment to Compensation Amount | $ 8,475,407 | $ 3,793,065 | $ 3,456,829 | $ 1,319,470 | $ 6,798,961

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