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Consolidated Statements of Changes in Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid In Capital
Retained Earnings
Retained Earnings
Opening balance sheet adjustment (Note 1)
Retained Earnings
Adjusted opening balance
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Deferred Compensation-ESOPs and Other
Noncontrolling Interests
Noncontrolling Interests
Opening balance sheet adjustment (Note 1)
Noncontrolling Interests
Adjusted opening balance
Balance at beginning of year (in shares) at Dec. 31, 2018   4,291,434           159,400        
Balance at beginning of year at Dec. 31, 2018   $ 429 $ 13,437 $ 43,542 $ 410 $ 43,952 $ 2,370 $ (6,986) $ 353 $ 1,565 $ 1 $ 1,566
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Other     (18)                  
Net income attributable to Verizon $ 19,265     19,265                
Dividends declared ($2.535, $2.485, $2.435 per share)       (10,070)                
Foreign currency translation adjustments 16           16          
Unrealized loss on cash flow hedges (736)           (736)          
Unrealized gain (loss) on marketable securities 7           7          
Defined benefit pension and postretirement plans (659)           (659)          
Net other comprehensive income (loss) $ (1,372)           (1,372)          
Employee plans (in shares)               3,790        
Employee plans               $ 166        
Shareowner plans (in shares) 3,800             4        
Shareowner plans               $ 0        
Restricted stock equity grant                 140      
Amortization                 (271)      
Total comprehensive income $ 18,416                 523    
Distributions and other                   (649)    
Balance at end of year (in shares) at Dec. 31, 2019   4,291,434           155,606        
Balance at end of year at Dec. 31, 2019 62,835 $ 429 13,419 53,147 (200) 52,947 998 $ (6,820) 222 1,440 0 1,440
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Other     (15)                  
Net income attributable to Verizon 17,801     17,801                
Dividends declared ($2.535, $2.485, $2.435 per share)       (10,284)                
Foreign currency translation adjustments 180           180          
Unrealized loss on cash flow hedges (571)           (571)          
Unrealized gain (loss) on marketable securities (2)           (2)          
Defined benefit pension and postretirement plans (676)           (676)          
Net other comprehensive income (loss) $ (1,069)           (1,069)          
Employee plans (in shares)               2,298        
Employee plans               $ 101        
Shareowner plans (in shares) 2,300             4        
Shareowner plans               $ 0        
Restricted stock equity grant                 275      
Amortization                 (162)      
Total comprehensive income $ 17,279                 547    
Distributions and other                   (557)    
Balance at end of year (in shares) at Dec. 31, 2020   4,291,434           153,304        
Balance at end of year at Dec. 31, 2020 69,272 $ 429 13,404 60,464 $ 0 $ 60,464 (71) $ (6,719) 335 1,430 $ 0 $ 1,430
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Other     457 (4)                
Net income attributable to Verizon 22,065     22,065                
Dividends declared ($2.535, $2.485, $2.435 per share)       (10,532)                
Foreign currency translation adjustments (141)           (141)          
Unrealized loss on cash flow hedges (85)           (85)          
Unrealized gain (loss) on marketable securities (9)           (9)          
Defined benefit pension and postretirement plans (621)           (621)          
Net other comprehensive income (loss) $ (856)           (856)          
Employee plans (in shares)               2,057        
Employee plans               $ 90        
Shareowner plans (in shares) 2,100             15        
Shareowner plans               $ 1        
Acquisitions (Note 3) (in shares)               57,597        
Acquisitions (Note 3)               $ 2,524        
Restricted stock equity grant                 369      
Amortization                 (166)      
Total comprehensive income $ 21,762                 553    
Distributions and other                   (573)    
Balance at end of year (in shares) at Dec. 31, 2021   4,291,434           93,635        
Balance at end of year at Dec. 31, 2021 $ 83,200 $ 429 $ 13,861 $ 71,993     $ (927) $ (4,104) $ 538 $ 1,410