Equity and Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of Changes in Components of Total Equity

Changes in the components of Total equity were as follows:

	Three Months Ended June 30,
		2025			2024
(dollars in millions, except per share amounts, and shares in thousands)	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		13,415			13,571
Other		(3)			(32)
Balance at end of period		13,412			13,539
Retained Earnings
Balance at beginning of period		91,128			84,714
Net income attributable to Verizon		5,003			4,593
Dividends declared ($0.6775, $0.6650 per share)		(2,856)			(2,803)
Balance at end of period		93,275			86,504
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon		(1,489)			(1,199)
Foreign currency translation adjustments		76			—
Unrealized gain (loss) on cash flow hedges		(21)			19
Unrealized loss on fair value hedges		(39)			(104)
Unrealized loss on marketable securities		—			(1)
Defined benefit pension and postretirement plans		(2)			(2)
Other comprehensive income (loss)		14			(88)
Balance at end of period attributable to Verizon		(1,475)			(1,287)
Treasury Stock
Balance at beginning of period	(75,178)	(3,295)		(82,179)	(3,602)
Employee plans	70	3		265	12
Balance at end of period	(75,108)	(3,292)		(81,914)	(3,590)
Deferred Compensation-ESOPs and Other
Balance at beginning of period		534			421
Restricted stock equity grant		183			173
Amortization		(3)			(17)
Balance at end of period		714			577
Noncontrolling Interests
Balance at beginning of period		1,315			1,392
Total comprehensive income		118			109
Distributions and other		(135)			(134)
Balance at end of period		1,298			1,367
Total Equity		$	104,361		$	97,539

	Six Months Ended June 30,
		2025			2024
(dollars in millions, except per share amounts, and shares in thousands)	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		13,466			13,631
Other		(54)			(92)
Balance at end of period		13,412			13,539
Retained Earnings
Balance at beginning of period		89,110			82,915
Net income attributable to Verizon		9,882			9,195
Dividends declared ($1.3550, $1.3300 per share)		(5,717)			(5,602)
Other		—			(4)
Balance at end of period		93,275			86,504
Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon		(923)			(1,380)
Foreign currency translation adjustments		143			(50)
Unrealized gain on cash flow hedges		—			54
Unrealized gain (loss) on fair value hedges		(692)			96
Unrealized gain (loss) on marketable securities		1			(3)
Defined benefit pension and postretirement plans		(4)			(4)
Other comprehensive income (loss)		(552)			93
Balance at end of period attributable to Verizon		(1,475)			(1,287)
Treasury Stock
Balance at beginning of period	(81,753)	(3,583)		(87,173)	(3,821)
Employee plans	6,645	291		5,257	231
Shareholder plans	—	—		2	—
Balance at end of period	(75,108)	(3,292)		(81,914)	(3,590)
Deferred Compensation-ESOPs and Other
Balance at beginning of period		738			656
Restricted stock equity grant		374			275
Amortization		(398)			(354)
Balance at end of period		714			577
Noncontrolling Interests
Balance at beginning of period		1,338			1,369
Total comprehensive income		222			229
Distributions and other		(262)			(231)
Balance at end of period		1,298			1,367
Total Equity		$	104,361		$	97,539

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 gain (loss) on fair value hedges		Unrealized gain (loss) on marketable securities		Defined benefit pension and postretirement plans		Total
Balance at January 1, 2025	$	(733)	$	(981)	$	589	$	(5)	$	207	$	(923)
Excluded components recognized in other comprehensive income	—		—		(657)		—		—		(657)
Other comprehensive income (loss)	143		(41)		—		1		—		103
Amounts reclassified to net income	—		41		(35)		—		(4)		2
Net other comprehensive income (loss)	143		—		(692)		1		(4)		(552)
Balance at June 30, 2025	$	(590)	$	(981)	$	(103)	$	(4)	$	203	$	(1,475)