10-K Filing

VERIZON COMMUNICATIONS INC CIK: 732712 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000732712-24-000010`
Period End Date	20231231
Filing Date	20240209
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	vz-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 58 Cash Flow Statement 96 Stockholders Equity 43 Comprehensive Income 48

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Series preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Series preferred stock, par value (in 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`	$2.06B	USD	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
Accounts receivable	`AccountsAndFinancingReceivableBeforeAllowanceForCreditLossCurrent`	$25.33B	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable	`AccountsAndFinancingReceivableBeforeAllowanceForCreditLossCurrent`	$26.10B	USD	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`	$1.02B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	6.25B	shares	Point-in-time
Accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$24.51B	USD	Point-in-time
Accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$25.09B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.29B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.29B	shares	Point-in-time
Inventories	`InventoryNet`	$2.39B	USD	Point-in-time
Treasury stock, shares outstanding (in shares)	`TreasuryStockCommonShares`	87.17M	shares	Point-in-time
Inventories	`InventoryNet`	$2.06B	USD	Point-in-time
Treasury stock, shares outstanding (in shares)	`TreasuryStockCommonShares`	91.57M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.61B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.81B	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`	$320.11B	USD	Point-in-time
Less Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$211.80B	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`	$108.31B	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$953.00M	USD	Point-in-time
Investments in unconsolidated businesses	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.07B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$155.67B	USD	Point-in-time
Wireless licenses	`IndefiniteLivedLicenseAgreements`	$149.80B	USD	Point-in-time
Goodwill	`Goodwill`	$22.84B	USD	Point-in-time
Goodwill	`Goodwill`	$28.67B	USD	Point-in-time
Goodwill	`Goodwill`	$28.60B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.46B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.06B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$26.13B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.73B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.26B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.89B	USD	Point-in-time
Total assets	`Assets`	$379.68B	USD	Point-in-time
Total assets	`Assets`	$380.25B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$9.96B	USD	Point-in-time
Debt maturing within one year	`LongTermDebtCurrent`	$12.97B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.45B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.98B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.27B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.13B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.53B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.10B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.22B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$137.70B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$140.68B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$12.97B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$13.19B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$45.78B	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`	$20.00B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$16.56B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.40B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$237.05B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$233.23B	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`	$13.63B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.38B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.38B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.86B	USD	Point-in-time
Common stock in treasury, at cost (87,172,997 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$3.82B	USD	Point-in-time
Common stock in treasury, at cost (87,172,997 and 91,572,258 shares outstanding)	`TreasuryStockCommonValue`	$4.01B	USD	Point-in-time
Deferred compensation employee stock ownership plans (ESOPs) and other	`DeferredCompensationEmployeeStockOwnershipPlansAndOther`	$656.00M	USD	Point-in-time
Deferred compensation employee stock ownership plans (ESOPs) and other	`DeferredCompensationEmployeeStockOwnershipPlansAndOther`	$793.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.32B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.37B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$83.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$93.80B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$379.68B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$380.25B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$133.61B	USD	Annual
Operating Revenues	`Revenues`	$136.84B	USD	Annual
Operating Revenues	`Revenues`	$133.97B	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$28.66B	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$32.74B	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$30.14B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.21B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.10B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.62B	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	$5.80B	USD	1 Quarter
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	$5.84B	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$106.37B	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$101.17B	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$111.10B	USD	Annual
Operating Income	`OperatingIncomeLoss`	$22.88B	USD	Annual
Operating Income	`OperatingIncomeLoss`	$32.45B	USD	Annual
Operating Income	`OperatingIncomeLoss`	$30.47B	USD	Annual
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$-53.00M	USD	Annual
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$44.00M	USD	Annual
Equity in earnings (losses) of unconsolidated businesses	`IncomeLossFromEquityMethodInvestments`	$145.00M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-313.00M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.37B	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$312.00M	USD	Annual
Interest expense	`InterestExpense`	$3.48B	USD	Annual
Interest expense	`InterestExpense`	$3.61B	USD	Annual
Interest expense	`InterestExpense`	$5.52B	USD	Annual
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.27B	USD	Annual
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.99B	USD	Annual
Income Before Provision For Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.42B	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.80B	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.89B	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.52B	USD	Annual
Net Income	`ProfitLoss`	$22.62B	USD	Annual
Net Income	`ProfitLoss`	$21.75B	USD	Annual
Net Income	`ProfitLoss`	$12.10B	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$492.00M	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$481.00M	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$553.00M	USD	Annual
Net income attributable to Verizon	`NetIncomeLoss`	$21.26B	USD	Annual
Net income attributable to Verizon	`NetIncomeLoss`	$22.07B	USD	Annual
Net income attributable to Verizon	`NetIncomeLoss`	$11.61B	USD	Annual
Net Income	`ProfitLoss`	$22.62B	USD	Annual
Net Income	`ProfitLoss`	$21.75B	USD	Annual
Net Income	`ProfitLoss`	$12.10B	USD	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareBasic`	$5.06	USD	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareBasic`	$2.76	USD	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareBasic`	$5.32	USD	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.21B	shares	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20B	shares	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.15B	shares	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareDiluted`	$5.06	USD	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareDiluted`	$2.75	USD	Annual
Net income attributable to Verizon (in USD per share)	`EarningsPerShareDiluted`	$5.32	USD	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.21B	shares	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.15B	shares	Annual
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20B	shares	Annual

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$22.62B	USD	Annual
Net Income	`ProfitLoss`	$21.75B	USD	Annual
Net Income	`ProfitLoss`	$12.10B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.21B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.10B	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.62B	USD	Annual
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$-3.39B	USD	Annual
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$-2.05B	USD	Annual
Employee retirement benefits	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$1.21B	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.39B	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.26B	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.97B	USD	Annual
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$1.61B	USD	Annual
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$2.21B	USD	Annual
Provision for expected credit losses	`ProvisionForDoubtfulAccounts`	$789.00M	USD	Annual
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$10.00M	USD	Annual
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-36.00M	USD	Annual
Equity in losses (earnings) of unconsolidated businesses, net of dividends received	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-84.00M	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	$5.80B	USD	1 Quarter
Verizon Business Group goodwill impairment	`GoodwillImpairmentLoss`	$5.84B	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.59B	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.20B	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.98B	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-287.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-627.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$905.00M	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-928.00M	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$435.00M	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-150.00M	USD	Annual
Accounts payable and accrued liabilities and Other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.46B	USD	Annual
Accounts payable and accrued liabilities and Other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-33.00M	USD	Annual
Accounts payable and accrued liabilities and Other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.08B	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-93.00M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-3.78B	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-3.71B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.54B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.14B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.48B	USD	Annual
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$23.09B	USD	Annual
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$20.29B	USD	Annual
Capital expenditures (including capitalized software)	`PaymentsToAcquireOtherProductiveAssets`	$18.77B	USD	Annual
Cash received (paid) related to acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.00M	USD	Annual
Cash received (paid) related to acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-248.00M	USD	Annual
Cash received (paid) related to acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.07B	USD	Annual
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$47.60B	USD	Annual
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$5.80B	USD	Annual
Acquisitions of wireless licenses	`PaymentsToAcquireIntangibleAssets`	$3.65B	USD	Annual
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$2.27B	USD	Annual
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$21.00M	USD	Annual
Collateral receipts (payments) related to derivative contracts, net	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-880.00M	USD	Annual
Proceeds from disposition of business	`ProceedsFromDivestitureOfBusinesses`	$4.12B	USD	Annual
Proceeds from disposition of business	`ProceedsFromDivestitureOfBusinesses`	-	USD	Annual
Proceeds from disposition of business	`ProceedsFromDivestitureOfBusinesses`	$33.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-281.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-62.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-693.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.43B	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.15B	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.66B	USD	Annual
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$33.03B	USD	Annual
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$2.02B	USD	Annual
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongtermDebtExcludingAssetbackedDebt`	$7.07B	USD	Annual
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$8.38B	USD	Annual
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$10.73B	USD	Annual
Proceeds from asset-backed long-term borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$6.59B	USD	Annual
Net proceeds from (repayments of) short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	Annual
Net proceeds from (repayments of) short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-150.00M	USD	Annual
Net proceeds from (repayments of) short-term commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$106.00M	USD	Annual
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$8.62B	USD	Annual
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$6.18B	USD	Annual
Repayments of long-term borrowings and finance lease obligations	`RepaymentsOfLongTermBorrowingsAndFinanceLeaseObligations`	$14.06B	USD	Annual
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$4.44B	USD	Annual
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$4.95B	USD	Annual
Repayments of asset-backed long-term borrowings	`RepaymentsOfSecuredDebt`	$4.80B	USD	Annual
Dividends paid	`PaymentsOfDividends`	$10.80B	USD	Annual
Dividends paid	`PaymentsOfDividends`	$10.45B	USD	Annual
Dividends paid	`PaymentsOfDividends`	$11.03B	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.83B	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.47B	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.07B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.53B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.66B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.28B	USD	Annual
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.00M	USD	Annual
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.34B	USD	Annual
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-614.00M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.50B	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`	$4.16B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.50B	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`	$4.16B	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Dividends declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$2.58	USD	Annual
Dividends declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$2.54	USD	Annual
Dividends declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$2.63	USD	Annual
Treasury stock, beginning balance (in shares)	`TreasuryStockCommonShares`	87.17M	shares	Point-in-time
Treasury stock, beginning balance (in shares)	`TreasuryStockCommonShares`	91.57M	shares	Point-in-time
Balance at beginning of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$83.20B	USD	Point-in-time
Balance at beginning of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$93.80B	USD	Point-in-time
Balance at beginning of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.46B	USD	Point-in-time
Net income attributable to Verizon	`NetIncomeLoss`	$21.26B	USD	Annual
Net income attributable to Verizon	`NetIncomeLoss`	$22.07B	USD	Annual
Net income attributable to Verizon	`NetIncomeLoss`	$11.61B	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-153.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-141.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$62.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$322.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$88.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-85.00M	USD	Annual
Unrealized gain (loss) on fair value hedges	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$536.00M	USD	Annual
Unrealized gain (loss) on fair value hedges	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-431.00M	USD	Annual
Unrealized gain (loss) on fair value hedges	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	Annual
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$7.00M	USD	Annual
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-9.00M	USD	Annual
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-25.00M	USD	Annual
Defined benefit pension and postretirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$208.00M	USD	Annual
Defined benefit pension and postretirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$621.00M	USD	Annual
Defined benefit pension and postretirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$651.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-938.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$485.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-856.00M	USD	Annual
Shareowner plans (in shares)	`StockIssuedDuringPeriodSharesTreasuryStockReissued`	2.10M	shares	Annual
Shareowner plans (in shares)	`StockIssuedDuringPeriodSharesTreasuryStockReissued`	4.40M	shares	Annual
Shareowner plans (in shares)	`StockIssuedDuringPeriodSharesTreasuryStockReissued`	2.10M	shares	Annual
Shareowner plans	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$91.00M	USD	Annual
Shareowner plans	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$91.00M	USD	Annual
Shareowner plans	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$192.00M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.58B	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.76B	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.81B	USD	Annual
Treasury stock, ending balance (in shares)	`TreasuryStockCommonShares`	87.17M	shares	Point-in-time
Treasury stock, ending balance (in shares)	`TreasuryStockCommonShares`	91.57M	shares	Point-in-time
Balance at end of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$83.20B	USD	Point-in-time
Balance at end of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$93.80B	USD	Point-in-time
Balance at end of year	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.46B	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$22.62B	USD	Annual
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.00M	USD	Annual
Net Income	`ProfitLoss`	$21.75B	USD	Annual
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-6.00M	USD	Annual
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$17.00M	USD	Annual
Net Income	`ProfitLoss`	$12.10B	USD	Annual
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-30.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$111.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$30.00M	USD	Annual
Unrealized loss on fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$181.00M	USD	Annual
Foreign currency translation adjustments, net of tax of $6, $(13) and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-153.00M	USD	Annual
Unrealized loss on fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	-	USD	Annual
Foreign currency translation adjustments, net of tax of $6, $(13) and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-141.00M	USD	Annual
Unrealized loss on fair value hedges, tax	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax`	$-148.00M	USD	Annual
Foreign currency translation adjustments, net of tax of $6, $(13) and $(17)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$62.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net of tax of $(30), $(111) and $30	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$322.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net of tax of $(30), $(111) and $30	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$88.00M	USD	Annual
Unrealized loss on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-3.00M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net of tax of $(30), $(111) and $30	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-85.00M	USD	Annual
Unrealized loss on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$2.00M	USD	Annual
Unrealized loss on marketable securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-8.00M	USD	Annual
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$68.00M	USD	Annual
Unrealized gain (loss) on fair value hedges, net of tax of $(181), $148 and $0	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$536.00M	USD	Annual
Unrealized gain (loss) on fair value hedges, net of tax of $(181), $148 and $0	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-431.00M	USD	Annual
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$221.00M	USD	Annual
Defined benefit pension and postretirement plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$205.00M	USD	Annual
Unrealized gain (loss) on fair value hedges, net of tax of $(181), $148 and $0	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of $(2), $8 and $3	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$7.00M	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of $(2), $8 and $3	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-9.00M	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of $(2), $8 and $3	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-25.00M	USD	Annual
Defined benefit pension and postretirement plans, net of tax of $68, $221 and $205	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$208.00M	USD	Annual
Defined benefit pension and postretirement plans, net of tax of $68, $221 and $205	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$621.00M	USD	Annual
Defined benefit pension and postretirement plans, net of tax of $68, $221 and $205	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$651.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-938.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$485.00M	USD	Annual
Other comprehensive income (loss) attributable to Verizon	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-856.00M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.58B	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.76B	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.81B	USD	Annual
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$553.00M	USD	Annual
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$481.00M	USD	Annual
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$492.00M	USD	Annual
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$21.21B	USD	Annual
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$20.32B	USD	Annual
Comprehensive income attributable to Verizon	`ComprehensiveIncomeNetOfTax`	$12.10B	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.58B	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.76B	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.81B	USD	Annual

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