Equity and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Schedule of Changes in Components of Total Equity

Changes in the components of Total equity were as follows:

	Attributable			Noncontrolling			Total
(dollars in millions)	to Verizon			Interests			Equity
Balance at January 1, 2018	$	43,096		$	1,591		$	44,687
Opening balance sheet adjustment related to adoption of Topic 606, ASU 2018-02 and other ASUs (Note 1)	2,862			44			2,906
Adjusted opening balance, January 1, 2018	45,958			1,635			47,593
Net income	8,665			247			8,912
Other comprehensive loss	(84		)	—			(84		)
Comprehensive income	8,581			247			8,828
Common stock	5			—			5
Contributed capital	2,337			—			2,337
Dividends declared	(4,875		)	—			(4,875		)
Common stock in treasury	149			—			149
Distributions and other	(131		)	(331		)	(462		)
Balance at June 30, 2018	$	52,024		$	1,551		$	53,575

Schedule of Components in Accumulated Other Comprehensive Income

The changes in the balances of Accumulated other comprehensive income by component are as follows:

(dollars in millions)	Foreign  currency translation adjustments			Unrealized gain (loss) on cash flow hedges			Unrealized gain (loss) on marketable securities			Defined benefit pension and postretirement plans			Total
Balance at January 1, 2018	$	(468	)	$	(111	)	$	32		$	3,206		$	2,659
Opening balance sheet adjustment related to the adoption of ASU 2018-02 and other ASUs (Note 1)	(15		)	(24		)	(13		)	682			630
Adjusted opening balance, January 1, 2018	(483		)	(135		)	19			3,888			3,289
Other comprehensive income (loss)	(83		)	4			(4		)	—			(83		)
Amounts reclassified to net income	—			345			—			(346		)	(1		)
Net other comprehensive income (loss)	(83		)	349			(4		)	(346		)	(84		)
Balance at June 30, 2018	$	(566	)	$	214		$	15		$	3,542		$	3,205