Wireless Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Amount of Wireless Licenses

The carrying amounts of Wireless licenses, as well as wireless spectrum for which licenses had not yet been received, are as follows:

	(dollars in millions)
At December 31,	2021		2020
Wireless licenses	$	147,619	$	96,097
Deposits for wireless licenses	—		2,772

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of Goodwill are as follows:

					(dollars in millions)
	Consumer		Business		Other		Total
Balance at January 1, 2020 (1)	$	17,104	$	7,269	$	16	$	24,389
Acquisitions(2)	118		254		—		372
Reclassifications, adjustments and other	—		12		—		12
Balance at December 31, 2020 (1)	17,222		7,535		16		24,773
Acquisitions (3)	3,818		—		34		3,852
Reclassifications, adjustments and other	2		(20)		(4)		(22)
Balance at December 31, 2021	$	21,042	$	7,515	$	46	$	28,603

(1) Goodwill is net of accumulated impairment charges of $4.8 billion, related to our historical Media reporting unit, which included Verizon Media. On September 1, 2021, we completed the sale of Verizon Media. See Note 3 for additional information.

(2) Changes in goodwill due to acquisitions is related to BlueJeans and an other insignificant transaction. See Note 3 for additional information.

(3) Changes in goodwill due to acquisitions is related to Tracfone, Bluegrass and other insignificant transactions. See Note 3 for additional information.

Composition of Other Intangible Assets, Net

The following table displays the composition of Other intangible assets, net as well as the respective amortization period:

							(dollars in millions)
					2021						2020
At December 31,	Gross (1) Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer lists (5 to 13 years)	$	4,201	$	(1,126)	$	3,075	$	4,021	$	(1,961)	$	2,060
Non-network internal-use software (5 to 7 years)	21,310		(14,897)		6,413		21,685		(15,104)		6,581
Other (4 to 25 years)	2,974		(785)		2,189		1,771		(999)		772
Total	$	28,485	$	(16,808)	$	11,677	$	27,477	$	(18,064)	$	9,413

(1) Other intangible assets are net of assets disposed as a result of the closing of the Verizon Media sale on September 1, 2021 and includes assets acquired as a result of the acquisition of Tracfone on November 23, 2021. See Note 3 for additional information.

Amortization Expense for Other Intangible Assets

The amortization expense for Other intangible assets was as follows:

Years	(dollars in millions)
2021	$	2,087
2020	2,445
2019	2,311

Estimated Future Amortization Expense for Other Intangible Assets

Estimated annual amortization expense for Other intangible assets is as follows:

Years	(dollars in millions)
2022	$	2,570
2023	2,328
2024	1,998
2025	1,771
2026	1,468