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Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2022
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, 2022, 2021 and 2020
    (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 2022$1,151 $1,531 $69 

$1,490 $1,261 
Year 20211,507 743 139 1,238 1,151 
Year 20201,125 
(d)
1,390 165 1,173 1,507 
 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 2022$1,574 $41 $ $268 $1,347 
Year 20212,183 339 — 948 1,574 
Year 20202,260 202 84 363 2,183 
(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 $436 million, $255 million, and $254 million at December 31, 2022, 2021, and 2020, respectively, related to long-term device payment 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.