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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
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Adjusted opening balance
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Deferred Compensation-ESOPs and Other
Noncontrolling Interests
Balance at beginning of year (in shares) at Dec. 31, 2019   4,291,434           155,606    
Balance at beginning of year at Dec. 31, 2019   $ 429 $ 13,419 $ 53,147 $ (200) $ 52,947 $ 998 $ (6,820) $ 222 $ 1,440
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Other     (15)              
Net income attributable to Verizon $ 17,801     17,801            
Dividends declared ($2.585, $2.535, $2.485 per share)       (10,284)            
Foreign currency translation adjustments 180           180      
Unrealized gain (loss) on cash flow hedges (571)           (571)      
Unrealized loss on fair value hedges 0           0      
Unrealized loss on marketable securities (2)           (2)      
Defined benefit pension and postretirement plans $ (676)           (676)      
Net other comprehensive income (loss)             (1,069)      
Employee plans (in shares)               2,298    
Employee plans               $ 101    
Shareowner plans (in shares) 2,300             4    
Shareowner plans $ 101             $ 0    
Acquisitions (in shares)               0    
Acquisitions               $ 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Other     457 (4)            
Net income attributable to Verizon 22,065     22,065            
Dividends declared ($2.585, $2.535, $2.485 per share)       (10,532)            
Foreign currency translation adjustments (141)           (141)      
Unrealized gain (loss) on cash flow hedges (85)           (85)      
Unrealized loss on fair value hedges 0           0      
Unrealized loss on marketable securities (9)           (9)      
Defined benefit pension and postretirement plans $ (621)           (621)      
Net other comprehensive income (loss)             (856)      
Employee plans (in shares)               2,057    
Employee plans               $ 90    
Shareowner plans (in shares) 2,100             15    
Shareowner plans $ 91             $ 1    
Acquisitions (in shares)               57,597    
Acquisitions               $ 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 $ 0 $ 71,993 (927) $ (4,104) 538 1,410
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Other     (441) (9)            
Net income attributable to Verizon 21,256     21,256            
Dividends declared ($2.585, $2.535, $2.485 per share)       (10,860)            
Foreign currency translation adjustments (153)           (153)      
Unrealized gain (loss) on cash flow hedges 322           322      
Unrealized loss on fair value hedges (431)           (431)      
Unrealized loss on marketable securities (25)           (25)      
Defined benefit pension and postretirement plans $ (651)           (651)      
Net other comprehensive income (loss)             (938)      
Employee plans (in shares)               2,048    
Employee plans               $ 90    
Shareowner plans (in shares) 2,100             15    
Shareowner plans $ 91             $ 1    
Acquisitions (in shares)               0    
Acquisitions               $ 0    
Restricted stock equity grant                 423  
Amortization                 (168)  
Total comprehensive income 20,810                 492
Distributions and other                   (583)
Balance at end of year (in shares) at Dec. 31, 2022   4,291,434           91,572    
Balance at end of year at Dec. 31, 2022 $ 92,463 $ 429 $ 13,420 $ 82,380     $ (1,865) $ (4,013) $ 793 $ 1,319