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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted and Performance Stock Unit Activity
The following table summarizes Verizon’s Restricted Stock Unit and Performance Stock Unit activity:
 
Restricted Stock Units
Performance

(shares in thousands)
Equity Awards

 
Liability Awards

 
 Stock Units

Outstanding January 1, 2017
13,308

 

 
17,919

Granted
4,216

 
25,168

 
6,564

Payments
(4,825
)
 
(8,487
)
 
(6,031
)
Cancelled/Forfeited
(66
)
 
(2,690
)
 
(217
)
Outstanding December 31, 2017
12,633

 
13,991

 
18,235

Granted
4,134

 
15,157

 
5,779

Payments
(5,977
)
 
(6,860
)
 
(4,526
)
Cancelled/Forfeited
(213
)
 
(2,362
)
 
(2,583
)
Outstanding December 31, 2018
10,577

 
19,926

 
16,905

Granted
3,169

 
5,814

 
4,593

Payments
(6,397
)
 
(9,429
)
 
(3,255
)
Cancelled/Forfeited
(90
)
 
(1,598
)
 
(2,692
)
Outstanding December 31, 2019
7,259

 
14,713

 
15,551