10-Q Filing

VERIZON COMMUNICATIONS INC CIK: 732712 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000732712-23-000063`
Period End Date	20230930
Filing Date	20231026
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	vz-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 72 Cash Flow Statement 62 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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.21B	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`	$24.56B	USD	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, shares authorized (in shares)	`CommonStockSharesAuthorized`	6.25B	shares	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
Less Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLossCurrent`	$957.00M	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
Accounts receivable, net of allowance	`AccountsNotesAndLoansReceivableNetCurrent`	$23.60B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.29B	shares	Point-in-time
Inventories	`InventoryNet`	$2.24B	USD	Point-in-time
Inventories	`InventoryNet`	$2.39B	USD	Point-in-time
Treasury stock, shares issued (in shares)	`TreasuryStockCommonShares`	87.33M	shares	Point-in-time
Treasury stock, shares issued (in shares)	`TreasuryStockCommonShares`	91.57M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.07B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.12B	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`	$316.77B	USD	Point-in-time
Less Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$209.28B	USD	Point-in-time
Less Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$200.25B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$107.49B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$107.43B	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$929.00M	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.07B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$155.47B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$149.80B	USD	Point-in-time
Goodwill	`Goodwill`	$28.67B	USD	Point-in-time
Goodwill	`Goodwill`	$28.64B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$10.95B	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`	$25.09B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.15B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.26B	USD	Point-in-time
Total assets	`Assets`	$384.83B	USD	Point-in-time
Total assets	`Assets`	$379.68B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$9.96B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$12.95B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.14B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.98B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.91B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.13B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.68B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.10B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.68B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.17B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$134.44B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$140.68B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$12.23B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$12.97B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$44.43B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$43.44B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.56B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$20.77B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.40B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.19B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$237.05B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$230.06B	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)	`CommonStockValueOutstanding`	$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)	`CommonStockValueOutstanding`	$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`	$88.42B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.43B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.86B	USD	Point-in-time
Common stock in treasury, at cost (87,331,987 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$3.83B	USD	Point-in-time
Common stock in treasury, at cost (87,331,987 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$4.01B	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`	$628.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.35B	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`	$88.78B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$384.83B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$379.68B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$101.58B	USD	3 Qtrs
Operating Revenues	`Revenues`	$34.24B	USD	1 Quarter
Operating Revenues	`Revenues`	$33.34B	USD	1 Quarter
Operating Revenues	`Revenues`	$98.84B	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$22.09B	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$7.42B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.00B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$23.75B	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.43B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.88B	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.32B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$13.11B	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$26.35B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$76.57B	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$25.86B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$78.34B	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$22.28B	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$7.89B	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$23.24B	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$7.47B	USD	1 Quarter
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$40.00M	USD	3 Qtrs
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$-42.00M	USD	3 Qtrs
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$2.00M	USD	1 Quarter
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$-18.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.31B	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$494.00M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$170.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-439.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.92B	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.51B	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.43B	USD	1 Quarter
Interest expense	`InterestExpense`	$937.00M	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.46B	USD	3 Qtrs
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.19B	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.52B	USD	1 Quarter
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.80B	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.31B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.14B	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.41B	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.50B	USD	1 Quarter
Net Income	`ProfitLoss`	$5.02B	USD	1 Quarter
Net Income	`ProfitLoss`	$15.05B	USD	3 Qtrs
Net Income	`ProfitLoss`	$14.67B	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.88B	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$124.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$371.00M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$122.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$349.00M	USD	3 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$4.76B	USD	1 Quarter
Net income attributable to Verizon	`NetIncomeLoss`	$14.68B	USD	3 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$14.32B	USD	3 Qtrs
Net income attributable to Verizon	`NetIncomeLoss`	$4.90B	USD	1 Quarter
Net Income	`ProfitLoss`	$5.02B	USD	1 Quarter
Net Income	`ProfitLoss`	$15.05B	USD	3 Qtrs
Net Income	`ProfitLoss`	$14.67B	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.88B	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$3.40	USD	3 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$3.49	USD	3 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.21B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20B	shares	3 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.21B	shares	3 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$1.13	USD	1 Quarter
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$3.40	USD	3 Qtrs
Net income attributable to Verizon (USD per share)	`EarningsPerShareDiluted`	$3.49	USD	3 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.22B	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.21B	shares	3 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20B	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$5.02B	USD	1 Quarter
Net Income	`ProfitLoss`	$15.05B	USD	3 Qtrs
Net Income	`ProfitLoss`	$14.67B	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.88B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.43B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.88B	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.32B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$13.11B	USD	3 Qtrs
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$479.00M	USD	3 Qtrs
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$161.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$822.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.59B	USD	3 Qtrs
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$1.05B	USD	3 Qtrs
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$1.60B	USD	3 Qtrs
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$13.00M	USD	3 Qtrs
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-69.00M	USD	3 Qtrs
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses	`IncreaseDecreaseInOperatingCapital`	$458.00M	USD	3 Qtrs
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses	`IncreaseDecreaseInOperatingCapital`	$-972.00M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.60B	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.38B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.20B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.80B	USD	3 Qtrs
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$14.16B	USD	3 Qtrs
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$15.81B	USD	3 Qtrs
Cash received related to acquisitions of businesses, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-248.00M	USD	3 Qtrs
Cash received related to acquisitions of businesses, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$2.89B	USD	3 Qtrs
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$1.86B	USD	3 Qtrs
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$4.86B	USD	3 Qtrs
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-162.00M	USD	3 Qtrs
Proceeds from disposition of business	`ProceedsFromDivestitureOfBusinesses`	$33.00M	USD	3 Qtrs
Proceeds from disposition of business	`ProceedsFromDivestitureOfBusinesses`	-	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$43.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-253.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.61B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.32B	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$4.61B	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$2.00B	USD	3 Qtrs
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$5.94B	USD	3 Qtrs
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$4.66B	USD	3 Qtrs
Net proceeds from short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$4.51B	USD	3 Qtrs
Net proceeds from short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$333.00M	USD	3 Qtrs
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$5.57B	USD	3 Qtrs
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$8.00B	USD	3 Qtrs
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$3.65B	USD	3 Qtrs
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$3.73B	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$8.07B	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$8.23B	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-797.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.10B	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.64B	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.45B	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-574.00M	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.55B	USD	3 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`	$5.66B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59B	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.16B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.66B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.11B	USD	Point-in-time

Comprehensive Income 64 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$5.02B	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$7.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.05B	USD	3 Qtrs
Net Income	`ProfitLoss`	$14.67B	USD	3 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.00M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$30.00M	USD	3 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$3.00M	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.88B	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$6.00M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$97.00M	USD	3 Qtrs
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$8.00M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$23.00M	USD	3 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$-58.00M	USD	3 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$30.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $(7), $(13), $(3) and $(30)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-285.00M	USD	3 Qtrs
Foreign currency translation adjustments, net of tax of $(7), $(13), $(3) and $(30)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.00M	USD	3 Qtrs
Foreign currency translation adjustments, net of tax of $(7), $(13), $(3) and $(30)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-51.00M	USD	1 Quarter
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$195.00M	USD	3 Qtrs
Unrealized gain (loss) from fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$198.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $(7), $(13), $(3) and $(30)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-120.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-3.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.00M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net of tax of $(8), $(6), $(23) and $(97)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$301.00M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net of tax of $(8), $(6), $(23) and $(97)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$22.00M	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), $(6), $(23) and $(97)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$67.00M	USD	3 Qtrs
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-10.00M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net of tax of $(8), $(6), $(23) and $(97)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$21.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$201.00M	USD	3 Qtrs
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$129.00M	USD	1 Quarter
Unrealized gain (loss) on fair value hedges, net of tax of $(198), $(30), $(195) and $58	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$584.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$55.00M	USD	3 Qtrs
Unrealized gain (loss) on fair value hedges, net of tax of $(198), $(30), $(195) and $58	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$575.00M	USD	3 Qtrs
Unrealized gain (loss) on fair value hedges, net of tax of $(198), $(30), $(195) and $58	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-167.00M	USD	3 Qtrs
Unrealized gain (loss) on fair value hedges, net of tax of $(198), $(30), $(195) and $58	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$105.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$19.00M	USD	1 Quarter
Unrealized loss on marketable securities, net of tax of $2, $3, $1 and $10	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-32.00M	USD	3 Qtrs
Unrealized loss on marketable securities, net of tax of $2, $3, $1 and $10	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.00M	USD	3 Qtrs
Unrealized loss on marketable securities, net of tax of $2, $3, $1 and $10	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-5.00M	USD	1 Quarter
Unrealized loss on marketable securities, net of tax of $2, $3, $1 and $10	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-8.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, net of tax of $19, $129, $55 and $201	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$171.00M	USD	3 Qtrs
Defined benefit pension and postretirement plans, net of tax of $19, $129, $55 and $201	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$56.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, net of tax of $19, $129, $55 and $201	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$379.00M	USD	1 Quarter
Defined benefit pension and postretirement plans, net of tax of $19, $129, $55 and $201	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$590.00M	USD	3 Qtrs
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$493.00M	USD	1 Quarter
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-773.00M	USD	3 Qtrs
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$437.00M	USD	3 Qtrs
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-380.00M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.64B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.11B	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.38B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.28B	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$371.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$349.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$122.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$124.00M	USD	1 Quarter
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$4.52B	USD	1 Quarter
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$14.76B	USD	3 Qtrs
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$13.91B	USD	3 Qtrs
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$5.25B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.64B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.11B	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.38B	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.28B	USD	3 Qtrs

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