Wireless Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Amount of Wireless Licenses

The carrying amounts of Wireless licenses are as follows:

	(dollars in millions)
At December 31,	2022		2021
Wireless licenses	$	149,796	$	147,619

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, 2021 (1)	$	17,222	$	7,535	$	16	$	24,773
Acquisitions (2)	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
Acquisitions (3)	100		—		—		100
Reclassifications, adjustments and other (4)	—		(13)		(19)		(32)
Balance at December 31, 2022	$	21,142	$	7,502	$	27	$	28,671

(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 TracFone, Bluegrass and other insignificant transactions. See Note 3 for additional information.

(3) Changes in goodwill due to acquisitions is related to TracFone. See Note 3 for additional information.

(4) Includes a goodwill impairment charge of $16 million related to an early stage development company presented within Other, recorded in Selling, general and administrative expense in our consolidated statement of income for the year ended December 31, 2022.

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)
					2022						2021
At December 31,	Gross Amount		Accumulated Amortization		Net Amount		Gross (1) Amount		Accumulated Amortization		Net Amount
Customer lists (5 to 13 years)	$	4,335	$	(1,646)	$	2,689	$	4,201	$	(1,126)	$	3,075
Non-network internal-use software (7 years)	23,421		(16,397)		7,024		21,310		(14,897)		6,413
Other (4 to 25 years)	2,806		(1,058)		1,748		2,974		(785)		2,189
Total	$	30,562	$	(19,101)	$	11,461	$	28,485	$	(16,808)	$	11,677

(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)
2022	$	2,507
2021	2,087
2020	2,445

Estimated Future Amortization Expense for Other Intangible Assets

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

Years	(dollars in millions)
2023	$	2,497
2024	2,256
2025	2,059
2026	1,813
2027	1,260