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Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts
Verizon Communications Inc. and Subsidiaries
For the Years Ended December 31, 2021, 2020 and 2019
    (dollars in millions)
  Additions  
DescriptionBalance at
Beginning of
Period
Charged to
Expenses
Charged to Other Accounts(a)
Deductions(b)
Balance at End of Period(c)
Allowance for credit losses deducted from accounts receivable:
Year 2021$1,507 $743 $139 

$1,238 $1,151 
Year 20201,125 
(d)
1,390 165 1,173 1,507 
Allowance for doubtful accounts deducted from accounts receivable:
Year 2019$930 $1,441 $133 $1,644 $860 
 Additions  
DescriptionBalance at
Beginning of
Period
Charged to
Expenses
Charged to Other Accounts(e)
Deductions(f)
Balance at End of Period
Valuation allowance for deferred tax assets:
Year 2021$2,183 $339 $ $948 $1,574 
Year 20202,260 202 84 363 2,183 
Year 20192,741 402 891 2,260 
(a)Charged to Other Accounts primarily includes amounts previously written off which were credited directly to this account when recovered.
(b)Deductions primarily include amounts written off as uncollectible or transferred to other accounts or utilized.
(c)Allowance for credit losses includes approximately $255 million and $254 million at December 31, 2021 and 2020, respectively, related to long-term device payment receivables. Allowance for doubtful accounts includes approximately $127 million at December 31, 2019 related to long-term device payment plan receivables.
(d)Includes opening balance sheet adjustment related to the adoption of Topic 326.
(e)Charged to Other Accounts includes current year increase to valuation allowance charged to equity and reclassifications from other balance sheet accounts.
(f)Reductions to valuation allowances related to deferred tax assets.