Equity and Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Changes in Components of Total Equity

Changes in the components of Total equity were as follows:

(dollars in millions, except per share amounts, and shares in thousands)
Three months ended March 31,	2023			2022
	Shares	Amount		Shares	Amount
Common Stock
Balance at beginning of period	4,291,434	$	429	4,291,434	$	429
Balance at end of period	4,291,434	429		4,291,434	429
Additional Paid In Capital
Balance at beginning of period		13,420			13,861
Other		103			13
Balance at end of period		13,523			13,874
Retained Earnings
Balance at beginning of period		82,380			71,993
Net income attributable to Verizon		4,909			4,580
Dividends declared ($0.6525, $0.6400 per share)		(2,746)			(2,692)
Other		—			10
Balance at end of period		84,543			73,891
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon		(1,865)			(927)
Foreign currency translation adjustments		26			(29)
Unrealized gain on cash flow hedges		21			207
Unrealized loss on fair value hedges		(302)			—
Unrealized gain (loss) on marketable securities		4			(18)
Defined benefit pension and postretirement plans		(61)			(139)
Other comprehensive income (loss)		(312)			21
Balance at end of period attributable to Verizon		(2,177)			(906)
Treasury Stock
Balance at beginning of period	(91,572)	(4,013)		(93,635)	(4,104)
Employee plans	4,127	181		1,842	81
Shareholder plans	3	—		3	—
Balance at end of period	(87,442)	(3,832)		(91,790)	(4,023)
Deferred Compensation-ESOPs and Other
Balance at beginning of period		793			538
Restricted stock equity grant		(14)			109
Amortization		(382)			(150)
Balance at end of period		397			497
Noncontrolling Interests
Balance at beginning of period		1,319			1,410
Total comprehensive income		109			131
Distributions and other		(92)			(128)
Balance at end of period		1,336			1,413
Total Equity		$	94,219		$	85,175

Schedule of Components in Accumulated Other Comprehensive Income

The changes in the balances of Accumulated other comprehensive loss by component were as follows:

(dollars in millions)	Foreign  currency translation adjustments		Unrealized gain (loss) on cash flow hedges		Unrealized loss on fair value hedges		Unrealized gain (loss) on marketable securities		Defined benefit pension and postretirement plans		Total
Balance at January 1, 2023	$	(698)	$	(1,150)	$	(431)	$	(9)	$	423	$	(1,865)
Excluded components recognized in other comprehensive income	—		—		(282)		—		—		(282)
Other comprehensive income	26		—		—		4		—		30
Amounts reclassified to net income	—		21		(20)		—		(61)		(60)
Net other comprehensive income (loss)	26		21		(302)		4		(61)		(312)
Balance at March 31, 2023	$	(672)	$	(1,129)	$	(733)	$	(5)	$	362	$	(2,177)