XML 88 R63.htm IDEA: XBRL DOCUMENT v3.20.2
Equity and Accumulated Other Comprehensive Income - Changes in Components of Total equity (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jan. 01, 2020
Jan. 01, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance     $ 62,835      
Net income attributable to Verizon $ 4,700 $ 3,944 8,856 $ 8,976    
Foreign currency translation adjustments 77 (67) (43) (43)    
Unrealized gain (loss) on cash flow hedges 314 (537) (1,896) (550)    
Unrealized gain on marketable securities 6 4 5 8    
Defined benefit pension and postretirement plans (169) (169) (338) (338)    
Other comprehensive income (loss)     $ (2,272)      
Shareholder plans (in shares)     2,200      
Total comprehensive income 5,067 3,305 $ 6,854 8,311    
Ending Balance $ 64,113 $ 57,947 $ 64,113 $ 57,947    
Dividends declared per common share (USD per share) $ 0.6150 $ 0.6025 $ 1.2300 $ 1.2050    
Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance $ 429 $ 429 $ 429 $ 429    
Beginning balance (in shares) 4,291,434 4,291,434 4,291,434 4,291,434    
Ending Balance (in shares) 4,291,434 4,291,434 4,291,434 4,291,434    
Ending Balance $ 429 $ 429 $ 429 $ 429    
Additional Paid In Capital            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance 13,302 13,418 13,419 13,437    
Other (21) 1 (138) (18)    
Ending Balance 13,281 13,419 13,281 13,419    
Retained Earnings            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance 54,557 46,493 53,147 43,542    
Opening balance sheet adjustment         $ (200) $ 410
Adjusted Beginning Balance         52,947 43,952
Other 33 0 33 0    
Net income attributable to Verizon 4,700 3,944 8,856 8,976    
Dividends declared (2,544) (2,492) (5,090) (4,983)    
Ending Balance 56,746 47,945 56,746 47,945    
Accumulated Other Comprehensive Income (Loss)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance (1,502) 2,216 998 2,370    
Foreign currency translation adjustments 77 (67) (43) (43)    
Unrealized gain (loss) on cash flow hedges 314 (537) (1,896) (550)    
Unrealized gain on marketable securities 6 4 5 8    
Defined benefit pension and postretirement plans (169) (169) (338) (338)    
Other comprehensive income (loss) 228 (769) (2,272) (923)    
Ending Balance (1,274) 1,447 (1,274) 1,447    
Treasury Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance $ (6,725) $ (6,825) $ (6,820) $ (6,986)    
Beginning balance (in shares) 153,438 155,727 155,606 159,400    
Employee plans (in shares) 58 58 2,222 3,726    
Employee plans $ 3 $ 2 $ 98 $ 163    
Shareholder plans (in shares)     4 5    
Shareholder plans     $ 0 $ 0    
Ending Balance (in shares) 153,380 155,669 153,380 155,669    
Ending Balance $ (6,722) $ (6,823) $ (6,722) $ (6,823)    
Deferred Compensation-ESOPs and Other            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance 149 125 222 353    
Restricted stock equity grant 157 44 172 79    
Amortization (69) (4) (157) (267)    
Ending Balance 237 165 237 165    
Noncontrolling Interests            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning Balance 1,443 1,604 1,440 1,565    
Opening balance sheet adjustment         0 1
Adjusted Beginning Balance         $ 1,440 $ 1,566
Total comprehensive income 139 130 270 258    
Distributions and other (166) (369) (294) (459)    
Ending Balance $ 1,416 $ 1,365 $ 1,416 $ 1,365