10-Q Filing

VERIZON COMMUNICATIONS INC CIK: 732712 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000732712-23-000055`
Period End Date	20230630
Filing Date	20230728
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	vz-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 72 Cash Flow Statement 60 Comprehensive Income 64

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Series preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Series preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Series preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Series preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80B	USD	Point-in-time
Series preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.60B	USD	Point-in-time
Series preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable	`AccountsAndFinancingReceivableBeforeAllowanceForCreditLossCurrent`	$25.33B	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable	`AccountsAndFinancingReceivableBeforeAllowanceForCreditLossCurrent`	$24.11B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	6.25B	shares	Point-in-time
Less Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLossCurrent`	$826.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	6.25B	shares	Point-in-time
Less Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLossCurrent`	$922.00M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsNotesAndLoansReceivableNetCurrent`	$23.19B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.29B	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsNotesAndLoansReceivableNetCurrent`	$24.51B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.29B	shares	Point-in-time
Treasury stock, shares issued (in shares)	`TreasuryStockCommonShares`	91.57M	shares	Point-in-time
Inventories	`InventoryNet`	$1.90B	USD	Point-in-time
Treasury stock, shares issued (in shares)	`TreasuryStockCommonShares`	87.39M	shares	Point-in-time
Inventories	`InventoryNet`	$2.39B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.50B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.39B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.86B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$307.69B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$313.42B	USD	Point-in-time
Less Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$206.15B	USD	Point-in-time
Less Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$200.25B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$107.43B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$107.27B	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.07B	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.01B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$151.34B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$149.80B	USD	Point-in-time
Goodwill	`Goodwill`	$28.65B	USD	Point-in-time
Goodwill	`Goodwill`	$28.67B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.10B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.46B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$26.13B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$25.34B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.26B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.86B	USD	Point-in-time
Total assets	`Assets`	$379.68B	USD	Point-in-time
Total assets	`Assets`	$379.95B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$14.83B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$9.96B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.07B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.98B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.21B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.13B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.30B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.10B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.40B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.17B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$140.68B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$137.87B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$12.36B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$12.97B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$43.44B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$44.05B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.56B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$20.75B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.40B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.02B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$232.05B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$237.05B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period)	`CommonStockValue`	$429.00M	USD	Point-in-time
Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period)	`CommonStockValue`	$429.00M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.42B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.52B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.38B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.45B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.86B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.92B	USD	Point-in-time
Common stock in treasury, at cost (87,393,661 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$4.01B	USD	Point-in-time
Common stock in treasury, at cost (87,393,661 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$3.83B	USD	Point-in-time
Deferred compensation employee stock ownership plans (ESOPs) and other	`DeferredCompensationEmployeeStockOwnershipPlansAndOther`	$793.00M	USD	Point-in-time
Deferred compensation employee stock ownership plans (ESOPs) and other	`DeferredCompensationEmployeeStockOwnershipPlansAndOther`	$544.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.31B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.32B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.46B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$96.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.36B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$379.68B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$379.95B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$67.34B	USD	2 Qtrs
Operating Revenues	`Revenues`	$65.51B	USD	2 Qtrs
Operating Revenues	`Revenues`	$33.79B	USD	1 Quarter
Operating Revenues	`Revenues`	$32.60B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$14.67B	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.25B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$7.50B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.76B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.36B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.56B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.68B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.32B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$25.38B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$26.24B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$51.99B	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$50.70B	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$7.22B	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$14.80B	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$15.35B	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$7.55B	USD	1 Quarter
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$-33.00M	USD	1 Quarter
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$-24.00M	USD	2 Qtrs
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$38.00M	USD	2 Qtrs
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$41.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$210.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$49.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-875.00M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$324.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.57B	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.49B	USD	2 Qtrs
Interest expense	`InterestExpense`	$785.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.28B	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.11B	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.86B	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.61B	USD	2 Qtrs
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.94B	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.35B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.91B	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.83B	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.54B	USD	1 Quarter
Net Income	`ProfitLoss`	$10.03B	USD	2 Qtrs
Net Income	`ProfitLoss`	$5.32B	USD	1 Quarter
Net Income	`ProfitLoss`	$4.77B	USD	1 Quarter
Net Income	`ProfitLoss`	$9.78B	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$118.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$247.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$227.00M	USD	2 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$9.56B	USD	2 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$5.20B	USD	1 Quarter
Net income attributable to Verizon	`NetIncomeLoss`	$9.78B	USD	2 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$4.65B	USD	1 Quarter
Net Income	`ProfitLoss`	$10.03B	USD	2 Qtrs
Net Income	`ProfitLoss`	$5.32B	USD	1 Quarter
Net Income	`ProfitLoss`	$4.77B	USD	1 Quarter
Net Income	`ProfitLoss`	$9.78B	USD	2 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$1.24	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$2.33	USD	2 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$2.27	USD	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.21B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.21B	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20B	shares	2 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$2.33	USD	2 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$2.27	USD	2 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$1.24	USD	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.21B	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20B	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.21B	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$10.03B	USD	2 Qtrs
Net Income	`ProfitLoss`	$5.32B	USD	1 Quarter
Net Income	`ProfitLoss`	$4.77B	USD	1 Quarter
Net Income	`ProfitLoss`	$9.78B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.36B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.56B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.68B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.32B	USD	1 Quarter
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$108.00M	USD	2 Qtrs
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$-121.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$633.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.51B	USD	2 Qtrs
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$1.06B	USD	2 Qtrs
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$665.00M	USD	2 Qtrs
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-49.00M	USD	2 Qtrs
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$18.00M	USD	2 Qtrs
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses	`IncreaseDecreaseInOperatingCapital`	$1.96B	USD	2 Qtrs
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses	`IncreaseDecreaseInOperatingCapital`	$620.00M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.67B	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-999.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.66B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.02B	USD	2 Qtrs
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$10.49B	USD	2 Qtrs
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$10.07B	USD	2 Qtrs
Cash received related to acquisitions of businesses, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-247.00M	USD	2 Qtrs
Cash received related to acquisitions of businesses, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$2.27B	USD	2 Qtrs
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$1.08B	USD	2 Qtrs
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-824.00M	USD	2 Qtrs
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$2.08B	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-131.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$62.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.66B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.20B	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$1.50B	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$3.62B	USD	2 Qtrs
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$5.05B	USD	2 Qtrs
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$3.71B	USD	2 Qtrs
Net proceeds from (repayments of) short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-167.00M	USD	2 Qtrs
Net proceeds from (repayments of) short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$2.56B	USD	2 Qtrs
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$2.60B	USD	2 Qtrs
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$7.41B	USD	2 Qtrs
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$2.69B	USD	2 Qtrs
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$2.38B	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$5.38B	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$5.49B	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-157.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$411.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.84B	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.59B	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-828.00M	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.23B	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.16B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.11B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.33B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.34B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.16B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.11B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.33B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.34B	USD	Point-in-time

Comprehensive Income 64 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$17.00M	USD	2 Qtrs
Net Income	`ProfitLoss`	$10.03B	USD	2 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.32B	USD	1 Quarter
Net Income	`ProfitLoss`	$4.77B	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$11.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$9.78B	USD	2 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-4.00M	USD	2 Qtrs
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$19.00M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$15.00M	USD	2 Qtrs
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$8.00M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$91.00M	USD	2 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$-88.00M	USD	1 Quarter
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$-3.00M	USD	2 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$100.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $1, $(11), $4 and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-165.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax of $1, $(11), $4 and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-136.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $1, $(11), $4 and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $1, $(11), $4 and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00M	USD	2 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$-88.00M	USD	2 Qtrs
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-7.00M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net of tax of $(8), $(19), $(15) and $(91)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$25.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-2.00M	USD	1 Quarter
Unrealized gain on cash flow hedges, net of tax of $(8), $(19), $(15) and $(91)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$72.00M	USD	1 Quarter
Unrealized gain on cash flow hedges, net of tax of $(8), $(19), $(15) and $(91)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$279.00M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net of tax of $(8), $(19), $(15) and $(91)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$46.00M	USD	2 Qtrs
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$1.00M	USD	2 Qtrs
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$24.00M	USD	1 Quarter
Unrealized gain (loss) on fair value hedges, net of tax of $(100), $88, $3 and $88	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-272.00M	USD	1 Quarter
Unrealized gain (loss) on fair value hedges, net of tax of $(100), $88, $3 and $88	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$293.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$21.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$36.00M	USD	2 Qtrs
Unrealized gain (loss) on fair value hedges, net of tax of $(100), $88, $3 and $88	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-272.00M	USD	2 Qtrs
Unrealized gain (loss) on fair value hedges, net of tax of $(100), $88, $3 and $88	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-9.00M	USD	2 Qtrs
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$72.00M	USD	2 Qtrs
Unrealized gain (loss) on marketable securities, net of tax of $0, $2, $(1) and $7	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.00M	USD	2 Qtrs
Unrealized gain (loss) on marketable securities, net of tax of $0, $2, $(1) and $7	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax of $0, $2, $(1) and $7	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax of $0, $2, $(1) and $7	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-24.00M	USD	2 Qtrs
Defined benefit pension and postretirement plans, net of tax of $21, $24, $36 and $72	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$115.00M	USD	2 Qtrs
Defined benefit pension and postretirement plans, net of tax of $21, $24, $36 and $72	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$54.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, net of tax of $21, $24, $36 and $72	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$211.00M	USD	2 Qtrs
Defined benefit pension and postretirement plans, net of tax of $21, $24, $36 and $72	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$72.00M	USD	1 Quarter
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-56.00M	USD	2 Qtrs
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-393.00M	USD	2 Qtrs
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-414.00M	USD	1 Quarter
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$256.00M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.63B	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.90B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.73B	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$118.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$227.00M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$247.00M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$4.79B	USD	1 Quarter
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$9.50B	USD	2 Qtrs
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$4.90B	USD	1 Quarter
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$9.39B	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.63B	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.90B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.73B	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.