XML 94 R70.htm IDEA: XBRL DOCUMENT v3.21.2
Equity and Accumulated Other Comprehensive Income (Loss) - Changes in Components of Total equity (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 69,272  
Net income attributable to Verizon $ 6,407 $ 4,357 17,452 $ 13,213
Foreign currency translation adjustments (146) 124 (126) 81
Unrealized gain (loss) on cash flow hedges (174) 505 (42) (1,391)
Unrealized gain on marketable securities 0 2 (5) 7
Defined benefit pension and postretirement plans (155) (169) (465) (507)
Other comprehensive income (loss)     $ (638)  
Shareholder plans (in shares)     2,000  
Total comprehensive income 6,079 4,966 $ 17,243 11,820
Ending Balance $ 78,489 $ 66,530 $ 78,489 $ 66,530
Dividends declared per common share (USD per share) $ 0.6400 $ 0.6275 $ 1.8950 $ 1.8575
Accounting standards update       Accounting Standards Update 2016-02 [Member]
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 13,403 13,281 13,404 13,419
Other (1) 123 (2) (15)
Ending Balance 13,402 13,404 13,402 13,404
Retained Earnings        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 66,310 56,746 60,464 53,147
Other (4) (33) (4) 0
Net income attributable to Verizon 6,407 4,357 17,452 13,213
Dividends declared (2,651) (2,597) (7,850) (7,687)
Ending Balance 70,062 58,473 70,062 58,473
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     0 (200)
Retained Earnings | Cumulative Effect, Period of Adoption, Adjusted Balance        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     60,464 52,947
Accumulated Other Comprehensive Loss        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance (234) (1,274) (71) 998
Foreign currency translation adjustments (146) 124 (126) 81
Unrealized gain (loss) on cash flow hedges (174) 505 (42) (1,391)
Unrealized gain on marketable securities 0 2 (5) 7
Defined benefit pension and postretirement plans (155) (169) (465) (507)
Other comprehensive income (loss) (475) 462 (638) (1,810)
Ending Balance (709) (812) (709) (812)
Treasury Stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance $ (6,632) $ (6,722) $ (6,719) $ (6,820)
Beginning balance (in shares) 151,318 153,380 153,304 155,606
Employee plans (in shares) 48 41 2,031 2,263
Employee plans $ 2 $ 1 $ 89 $ 99
Shareholder plans (in shares)     3 4
Shareholder plans     $ 0 $ 0
Ending Balance (in shares) 151,270 153,339 151,270 153,339
Ending Balance $ (6,630) $ (6,721) $ (6,630) $ (6,721)
Deferred Compensation-ESOPs and Other        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 408 237 335 222
Restricted stock equity grant 85 62 315 234
Amortization (3) (3) (160) (160)
Ending Balance 490 296 490 296
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 1,428 1,416 1,430 1,440
Total comprehensive income 147 147 429 417
Distributions and other (130) (102) (414) (396)
Ending Balance $ 1,445 $ 1,461 $ 1,445 $ 1,461