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Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022
    (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 2024$1,609 $2,269 $113 

$2,222 $1,769 
Year 20231,261 2,146 38 1,836 1,609 
Year 20221,151 1,531 69 1,490 1,261 
 Additions  
DescriptionBalance at
Beginning of
Period
Charged to
Expenses
Charged to Other Accounts(d)
Deductions(e)
Balance at End of Period
Valuation allowance for deferred tax assets:
Year 2024$1,341 $157 $ $99 $1,399 
Year 20231,347 68 13 87 1,341 
Year 20221,574 41 — 268 1,347 
(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 $617 million, $592 million, and $436 million at December 31, 2024, 2023, and 2022, respectively, related to long-term device payment receivables.
(d)Charged to Other Accounts includes current year increase to valuation allowance charged to equity and reclassifications from other balance sheet accounts.
(e)Reductions to valuation allowances related to deferred tax assets.