Wireless Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

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,	2024		2023
Wireless licenses	$	156,613	$	155,667

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, 2023(1)	$	21,142	$	7,502	$	27	$	28,671
Acquisitions	35		—		—		35
Verizon Business Group goodwill impairment	—		(5,841)		—		(5,841)
Reclassifications, adjustments and other(2)	—		5		(27)		(22)
Balance at December 31, 2023(3)	21,177		1,666		—		22,843
Reclassifications, adjustments and other	—		(2)		—		(2)
Balance at December 31, 2024(3)	$	21,177	$	1,664	$	—	$	22,841

(1) Goodwill balances are net of an accumulated impairment charge of $16 million presented within both Other and Total.

(2) Includes a goodwill impairment charge of $27 million related to non-strategic businesses presented within Other, recorded in Selling, general and administrative expense in our consolidated statement of income for the year ended December 31, 2023.

(3) Goodwill balances are net of accumulated impairment charges of $5.8 billion, $43 million and $5.9 billion presented within Business, Other and Total, respectively.

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)
					2024						2023
At December 31,	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer lists (5 to 13 years)	$	4,242	$	(2,629)	$	1,613	$	4,335	$	(2,193)	$	2,142
Non-network internal-use software (3 to 7 years)	28,136		(19,743)		8,393		25,524		(17,949)		7,575
Other (4 to 25 years)	2,664		(1,541)		1,123		2,656		(1,316)		1,340
Total	$	35,042	$	(23,913)	$	11,129	$	32,515	$	(21,458)	$	11,057

Amortization Expense for Other Intangible Assets

The amortization expense for Other intangible assets was as follows:

Years	(dollars in millions)
2024	$	2,781
2023	2,687
2022	2,507

Estimated Future Amortization Expense for Other Intangible Assets

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

Years	(dollars in millions)
2025	$	2,825
2026	2,571
2027	2,025
2028	1,549
2029	887