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During 2023, the Company granted 16,545,510 RSUs to certain employees and directors pursuant to the 2017 LTIP with an aggregate fair value of $ 53,510 ($ 3.23 per share) which are being expensed over the vesting period. Most of these awards vest over three years in 33 -1/3 annual increments.
text
33
percentItemType
text: <entity> 33 </entity> <entity type> percentItemType </entity type> <context> During 2023, the Company granted 16,545,510 RSUs to certain employees and directors pursuant to the 2017 LTIP with an aggregate fair value of $ 53,510 ($ 3.23 per share) which are being expensed over the vesting period. Most of these awa...
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
In the third quarter of 2021, Lightpath Management Incentive Aggregator LLC ("LMIA") established a Management Incentive Plan (the "Lightpath Plan") for the benefit of employees of Lightpath by issuing equity interests in LMIA which holds an equivalent number of equity interests in Lightpath Holdings LLC (“Holdings”), t...
text
650000
sharesItemType
text: <entity> 650000 </entity> <entity type> sharesItemType </entity type> <context> In the third quarter of 2021, Lightpath Management Incentive Aggregator LLC ("LMIA") established a Management Incentive Plan (the "Lightpath Plan") for the benefit of employees of Lightpath by issuing equity interests in LMIA which ho...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
In the third quarter of 2021, Lightpath Management Incentive Aggregator LLC ("LMIA") established a Management Incentive Plan (the "Lightpath Plan") for the benefit of employees of Lightpath by issuing equity interests in LMIA which holds an equivalent number of equity interests in Lightpath Holdings LLC (“Holdings”), t...
text
350000
sharesItemType
text: <entity> 350000 </entity> <entity type> sharesItemType </entity type> <context> In the third quarter of 2021, Lightpath Management Incentive Aggregator LLC ("LMIA") established a Management Incentive Plan (the "Lightpath Plan") for the benefit of employees of Lightpath by issuing equity interests in LMIA which ho...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
As of December 31, 2023, 536,140 Class A-1 management incentive units and 273,538 Class A-2 management incentive units ("Award Units") granted to certain employees of Lightpath were outstanding. Vested units will be redeemed upon a partial exit, a change in control or the completion of an initial public offering, as de...
text
536140
sharesItemType
text: <entity> 536140 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, 536,140 Class A-1 management incentive units and 273,538 Class A-2 management incentive units ("Award Units") granted to certain employees of Lightpath were outstanding. Vested units will be redeemed upon a pa...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
As of December 31, 2023, 536,140 Class A-1 management incentive units and 273,538 Class A-2 management incentive units ("Award Units") granted to certain employees of Lightpath were outstanding. Vested units will be redeemed upon a partial exit, a change in control or the completion of an initial public offering, as de...
text
273538
sharesItemType
text: <entity> 273538 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, 536,140 Class A-1 management incentive units and 273,538 Class A-2 management incentive units ("Award Units") granted to certain employees of Lightpath were outstanding. Vested units will be redeemed upon a pa...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
In January 2024, CSC Holdings issued $ 2,050,000 in aggregate principal amount of senior guaranteed notes due 2029 ("CSC Holdings 2029 Guaranteed Notes"). These notes bear interest at a rate of 11.750 % and will mature on January 31, 2029. The proceeds from the sale of these notes were used to repay certain indebtednes...
text
2050000
monetaryItemType
text: <entity> 2050000 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, CSC Holdings issued $ 2,050,000 in aggregate principal amount of senior guaranteed notes due 2029 ("CSC Holdings 2029 Guaranteed Notes"). These notes bear interest at a rate of 11.750 % and will mature on January 3...
us-gaap:DebtInstrumentFaceAmount
In January 2024, CSC Holdings issued $ 2,050,000 in aggregate principal amount of senior guaranteed notes due 2029 ("CSC Holdings 2029 Guaranteed Notes"). These notes bear interest at a rate of 11.750 % and will mature on January 31, 2029. The proceeds from the sale of these notes were used to repay certain indebtednes...
text
11.750
percentItemType
text: <entity> 11.750 </entity> <entity type> percentItemType </entity type> <context> In January 2024, CSC Holdings issued $ 2,050,000 in aggregate principal amount of senior guaranteed notes due 2029 ("CSC Holdings 2029 Guaranteed Notes"). These notes bear interest at a rate of 11.750 % and will mature on January 31,...
us-gaap:DebtInstrumentInterestRateStatedPercentage
Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect to drawdown $ 750,000 under our Revolving Credit Facility to repay these notes on Februar...
text
5.250
percentItemType
text: <entity> 5.250 </entity> <entity type> percentItemType </entity type> <context> Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect to ...
us-gaap:DebtInstrumentInterestRateStatedPercentage
Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect to drawdown $ 750,000 under our Revolving Credit Facility to repay these notes on Februar...
text
750000
monetaryItemType
text: <entity> 750000 </entity> <entity type> monetaryItemType </entity type> <context> Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect t...
us-gaap:ProceedsFromIssuanceOfDebt
Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect to drawdown $ 750,000 under our Revolving Credit Facility to repay these notes on Februar...
text
742746
monetaryItemType
text: <entity> 742746 </entity> <entity type> monetaryItemType </entity type> <context> Also in January 2024, we notified the holders of our 5.250 % Senior Notes due 2024 and 5.250 % Series B Senior Notes due 2024 that we will be redeeming these notes in full (in accordance with the terms of the indenture). We expect t...
us-gaap:SeniorNotes
We have two reportable segments that we operate and manage as strategic business units - Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
text
two
integerItemType
text: <entity> two </entity> <entity type> integerItemType </entity type> <context> We have two reportable segments that we operate and manage as strategic business units - Verizon Consumer Group (Consumer) and Verizon Business Group (Business). </context>
us-gaap:NumberOfReportableSegments
There were a total of approximately 4.7 million and 4.2 million outstanding dilutive securities, primarily consisting of performance stock units and restricted stock units, included in the computation of diluted earnings per common share for the years ended
text
4.7
sharesItemType
text: <entity> 4.7 </entity> <entity type> sharesItemType </entity type> <context> There were a total of approximately 4.7 million and 4.2 million outstanding dilutive securities, primarily consisting of performance stock units and restricted stock units, included in the computation of diluted earnings per common share...
us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
There were a total of approximately 4.7 million and 4.2 million outstanding dilutive securities, primarily consisting of performance stock units and restricted stock units, included in the computation of diluted earnings per common share for the years ended
text
4.2
sharesItemType
text: <entity> 4.2 </entity> <entity type> sharesItemType </entity type> <context> There were a total of approximately 4.7 million and 4.2 million outstanding dilutive securities, primarily consisting of performance stock units and restricted stock units, included in the computation of diluted earnings per common share...
us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
There was a total of approximately 1.9 million outstanding dilutive securities, primarily consisting of restricted stock units, included in the computation of diluted earnings per common share for the year ended
text
1.9
sharesItemType
text: <entity> 1.9 </entity> <entity type> sharesItemType </entity type> <context> There was a total of approximately 1.9 million outstanding dilutive securities, primarily consisting of restricted stock units, included in the computation of diluted earnings per common share for the year ended </context>
us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
We have two reportable segments that we operate and manage as strategic business units, Consumer and Business. Revenue is disaggregated by products and services within Consumer, and customer groups (Enterprise and Public Sector, Business Markets and Other, and Wholesale) within Business. See Note 13 for additional info...
text
two
integerItemType
text: <entity> two </entity> <entity type> integerItemType </entity type> <context> We have two reportable segments that we operate and manage as strategic business units, Consumer and Business. Revenue is disaggregated by products and services within Consumer, and customer groups (Enterprise and Public Sector, Busines...
us-gaap:NumberOfReportableSegments
We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recognized when equipment is sold to the customer by an authorized agent under a device pa...
text
3.1
monetaryItemType
text: <entity> 3.1 </entity> <entity type> monetaryItemType </entity type> <context> We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recog...
us-gaap:RevenueNotFromContractWithCustomer
We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recognized when equipment is sold to the customer by an authorized agent under a device pa...
text
2.9
monetaryItemType
text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recog...
us-gaap:RevenueNotFromContractWithCustomer
We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recognized when equipment is sold to the customer by an authorized agent under a device pa...
text
3.2
monetaryItemType
text: <entity> 3.2 </entity> <entity type> monetaryItemType </entity type> <context> We also earn revenues that are not accounted for under Topic 606 from leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and the interest recog...
us-gaap:RevenueNotFromContractWithCustomer
Additionally, there are certain contracts with Business customers for wireline services that have a contractual minimum fee over the total contract term. We cannot predict the time period when revenue will be recognized related to those contracts; thus, they are excluded from the time bands below. These contracts have ...
text
1.8
monetaryItemType
text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> Additionally, there are certain contracts with Business customers for wireline services that have a contractual minimum fee over the total contract term. We cannot predict the time period when revenue will be recognized related to thos...
us-gaap:RevenueRemainingPerformanceObligation
At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining performance obligation estimates are subject to change and are affected by several fac...
text
28.5
monetaryItemType
text: <entity> 28.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining ...
us-gaap:RevenueRemainingPerformanceObligation
At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining performance obligation estimates are subject to change and are affected by several fac...
text
17.5
monetaryItemType
text: <entity> 17.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining ...
us-gaap:RevenueRemainingPerformanceObligation
At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining performance obligation estimates are subject to change and are affected by several fac...
text
7.2
monetaryItemType
text: <entity> 7.2 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the transaction price related to unsatisfied performance obligations that are expected to be recognized for 2025, 2026 and thereafter was $ 28.5 billion, $ 17.5 billion and $ 7.2 billion, respectively. Remaining p...
us-gaap:RevenueRemainingPerformanceObligation
Contract assets increased $ 128 million during the year ended December 31, 2024. The change in contract assets was primarily due to new contracts and increases in sales promotions recognized upfront, driven by customer activity related to wireless and Fios services. These items were partially offset by reclassification...
text
53
monetaryItemType
text: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> Contract assets increased $ 128 million during the year ended December 31, 2024. The change in contract assets was primarily due to new contracts and increases in sales promotions recognized upfront, driven by customer activity related ...
us-gaap:ContractWithCustomerAssetCreditLossExpense
Revenue recognized during the years ended December 31, 2024 and 2023 related to contract liabilities existing at January 1, 2024 and 2023 were $ 5.0 billion and $ 4.9 billion, respectively, as performance obligations related to services were satisfied.
text
5.0
monetaryItemType
text: <entity> 5.0 </entity> <entity type> monetaryItemType </entity type> <context> Revenue recognized during the years ended December 31, 2024 and 2023 related to contract liabilities existing at January 1, 2024 and 2023 were $ 5.0 billion and $ 4.9 billion, respectively, as performance obligations related to service...
us-gaap:ContractWithCustomerLiabilityRevenueRecognized
Revenue recognized during the years ended December 31, 2024 and 2023 related to contract liabilities existing at January 1, 2024 and 2023 were $ 5.0 billion and $ 4.9 billion, respectively, as performance obligations related to services were satisfied.
text
4.9
monetaryItemType
text: <entity> 4.9 </entity> <entity type> monetaryItemType </entity type> <context> Revenue recognized during the years ended December 31, 2024 and 2023 related to contract liabilities existing at January 1, 2024 and 2023 were $ 5.0 billion and $ 4.9 billion, respectively, as performance obligations related to service...
us-gaap:ContractWithCustomerLiabilityRevenueRecognized
For the years ended December 31, 2024 and 2023, we recognized expense of $ 3.4 billion and $ 3.2 billion, respectively, associated with the amortization of deferred contract costs, primarily within Selling, general and administrative expense in our consolidated statements of income.
text
3.4
monetaryItemType
text: <entity> 3.4 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024 and 2023, we recognized expense of $ 3.4 billion and $ 3.2 billion, respectively, associated with the amortization of deferred contract costs, primarily within Selling, general and administrative e...
us-gaap:CapitalizedContractCostAmortization
For the years ended December 31, 2024 and 2023, we recognized expense of $ 3.4 billion and $ 3.2 billion, respectively, associated with the amortization of deferred contract costs, primarily within Selling, general and administrative expense in our consolidated statements of income.
text
3.2
monetaryItemType
text: <entity> 3.2 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024 and 2023, we recognized expense of $ 3.4 billion and $ 3.2 billion, respectively, associated with the amortization of deferred contract costs, primarily within Selling, general and administrative e...
us-gaap:CapitalizedContractCostAmortization
We assess our deferred contract costs for impairment on a quarterly basis. We recognize an impairment charge to the extent the carrying amount of a deferred cost exceeds the remaining amount of consideration we expect to receive in exchange for the goods and services related to the cost, less the expected costs related...
text
no
monetaryItemType
text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> We assess our deferred contract costs for impairment on a quarterly basis. We recognize an impairment charge to the extent the carrying amount of a deferred cost exceeds the remaining amount of consideration we expect to receive in exch...
us-gaap:CapitalizedContractCostImpairmentLoss
In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incentive payments due to, the incumbent license holders associated with the auction, whic...
text
269
monetaryItemType
text: <entity> 269 </entity> <entity type> monetaryItemType </entity type> <context> In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incen...
us-gaap:PaymentsToAcquireIntangibleAssets
In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incentive payments due to, the incumbent license holders associated with the auction, whic...
text
4.3
monetaryItemType
text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incen...
us-gaap:PaymentsToAcquireIntangibleAssets
In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incentive payments due to, the incumbent license holders associated with the auction, whic...
text
1.6
monetaryItemType
text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> In February 2021, the FCC concluded Auction 107 for C-Band wireless spectrum. In accordance with the rules applicable to the auction, Verizon is required to make payments for our allocable share of clearing costs incurred by, and incen...
us-gaap:PaymentsToAcquireIntangibleAssets
In March 2022, Verizon signed agreements with satellite operators in which operators agreed to clear C-Band spectrum in certain markets and frequencies ahead of the previously expected timeframe. During 2022, Verizon incurred costs associated with these agreements of approximately $ 340 million, of which $ 310 million ...
text
340
monetaryItemType
text: <entity> 340 </entity> <entity type> monetaryItemType </entity type> <context> In March 2022, Verizon signed agreements with satellite operators in which operators agreed to clear C-Band spectrum in certain markets and frequencies ahead of the previously expected timeframe. During 2022, Verizon incurred costs ass...
us-gaap:AssetAcquisitionConsiderationTransferredTransactionCost
In March 2022, Verizon signed agreements with satellite operators in which operators agreed to clear C-Band spectrum in certain markets and frequencies ahead of the previously expected timeframe. During 2022, Verizon incurred costs associated with these agreements of approximately $ 340 million, of which $ 310 million ...
text
310
monetaryItemType
text: <entity> 310 </entity> <entity type> monetaryItemType </entity type> <context> In March 2022, Verizon signed agreements with satellite operators in which operators agreed to clear C-Band spectrum in certain markets and frequencies ahead of the previously expected timeframe. During 2022, Verizon incurred costs ass...
us-gaap:PaymentsToAcquireIntangibleAssets
On October 17, 2024, Verizon entered into a license purchase agreement to acquire select spectrum licenses of United States Cellular Corporation and certain of its subsidiaries (UScellular) for total consideration of $ 1.0 billion, subject to certain potential adjustments. The closing of this transaction is subject to ...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 17, 2024, Verizon entered into a license purchase agreement to acquire select spectrum licenses of United States Cellular Corporation and certain of its subsidiaries (UScellular) for total consideration of $ 1.0 billion, sub...
us-gaap:AssetAcquisitionConsiderationTransferred
On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acquired and working capital and other adjustments, 57,596,544 shares of common stock of ...
text
3.5
monetaryItemType
text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acqu...
us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired
On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acquired and working capital and other adjustments, 57,596,544 shares of common stock of ...
text
57596544
sharesItemType
text: <entity> 57596544 </entity> <entity type> sharesItemType </entity type> <context> On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash a...
us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acquired and working capital and other adjustments, 57,596,544 shares of common stock of ...
text
3.0
monetaryItemType
text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acqu...
us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acquired and working capital and other adjustments, 57,596,544 shares of common stock of ...
text
650
monetaryItemType
text: <entity> 650 </entity> <entity type> monetaryItemType </entity type> <context> On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acqu...
us-gaap:BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acquired and working capital and other adjustments, 57,596,544 shares of common stock of ...
text
560
monetaryItemType
text: <entity> 560 </entity> <entity type> monetaryItemType </entity type> <context> On November 23, 2021 (the Acquisition Date), we completed the acquisition of TracFone Wireless, Inc. (TracFone). Verizon acquired all of TracFone's outstanding stock in exchange for approximately $ 3.5 billion in cash, net of cash acqu...
us-gaap:BusinessCombinationContingentConsiderationLiability
During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated statements of cash flows.
text
52
monetaryItemType
text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated s...
us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities
During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated statements of cash flows.
text
257
monetaryItemType
text: <entity> 257 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated ...
us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities
During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated statements of cash flows.
text
188
monetaryItemType
text: <entity> 188 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, Verizon made payments of $ 52 million, $ 257 million and $ 188 million, respectively, related to the contingent consideration, which are reflected in Cash flows from financing activities in our consolidated ...
us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities
During 2022, Verizon received net cash proceeds of $ 248 million for the final settlement of working capital, which was included in our consideration as of the Acquisition Date.
text
248
monetaryItemType
text: <entity> 248 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, Verizon received net cash proceeds of $ 248 million for the final settlement of working capital, which was included in our consideration as of the Acquisition Date. </context>
us-gaap:CashAcquiredFromAcquisition
On September 4, 2024, Verizon entered into an Agreement and Plan of Merger (the Merger Agreement) to acquire Frontier Communications Parent, Inc. (Frontier), a U.S. provider of broadband internet and other communication services. The transaction is structured as a merger of the Company's subsidiary with and into Fronti...
text
38.50
perShareItemType
text: <entity> 38.50 </entity> <entity type> perShareItemType </entity type> <context> On September 4, 2024, Verizon entered into an Agreement and Plan of Merger (the Merger Agreement) to acquire Frontier Communications Parent, Inc. (Frontier), a U.S. provider of broadband internet and other communication services. The...
us-gaap:BusinessAcquisitionSharePrice
During 2024 and 2023, we made payments of $ 269 million and $ 4.3 billion, respectively, for obligations related to clearing costs and accelerated clearing incentives for wireless licenses in connection with Auction 107. See Note 3 for additional information.
text
269
monetaryItemType
text: <entity> 269 </entity> <entity type> monetaryItemType </entity type> <context> During 2024 and 2023, we made payments of $ 269 million and $ 4.3 billion, respectively, for obligations related to clearing costs and accelerated clearing incentives for wireless licenses in connection with Auction 107. See Note 3 for...
us-gaap:PaymentsToAcquireIntangibleAssets
During 2024 and 2023, we made payments of $ 269 million and $ 4.3 billion, respectively, for obligations related to clearing costs and accelerated clearing incentives for wireless licenses in connection with Auction 107. See Note 3 for additional information.
text
4.3
monetaryItemType
text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> During 2024 and 2023, we made payments of $ 269 million and $ 4.3 billion, respectively, for obligations related to clearing costs and accelerated clearing incentives for wireless licenses in connection with Auction 107. See Note 3 for...
us-gaap:PaymentsToAcquireIntangibleAssets
At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million and $ 1.4 billion of capitalized interest on wireless licenses for the years ended Dec...
text
10.1
monetaryItemType
text: <entity> 10.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million ...
us-gaap:ConstructionInProgressGross
At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million and $ 1.4 billion of capitalized interest on wireless licenses for the years ended Dec...
text
15.0
monetaryItemType
text: <entity> 15.0 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million ...
us-gaap:ConstructionInProgressGross
At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million and $ 1.4 billion of capitalized interest on wireless licenses for the years ended Dec...
text
616
monetaryItemType
text: <entity> 616 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million a...
us-gaap:InterestCostsCapitalized
At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million and $ 1.4 billion of capitalized interest on wireless licenses for the years ended Dec...
text
1.4
monetaryItemType
text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, approximately $ 10.1 billion and $ 15.0 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded $ 616 million a...
us-gaap:InterestCostsCapitalized
Goodwill balances are net of an accumulated impairment charge of $ 16 million presented within both Other and Total.
text
16
monetaryItemType
text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill balances are net of an accumulated impairment charge of $ 16 million presented within both Other and Total. </context>
us-gaap:GoodwillImpairedAccumulatedImpairmentLoss
Includes a goodwill impairment charge of $ 27 million related to non-strategic businesses presented within Other, recorded in Selling, general and administrative expense in our consolidated statement of income for the year ended December 31, 2023.
text
27
monetaryItemType
text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Includes a goodwill impairment charge of $ 27 million related to non-strategic businesses presented within Other, recorded in Selling, general and administrative expense in our consolidated statement of income for the year ended Decembe...
us-gaap:GoodwillImpairmentLoss
Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively.
text
5.8
monetaryItemType
text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively. </context>
us-gaap:GoodwillImpairedAccumulatedImpairmentLoss
Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively.
text
43
monetaryItemType
text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively. </context>
us-gaap:GoodwillImpairedAccumulatedImpairmentLoss
Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively.
text
5.9
monetaryItemType
text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill balances are net of accumulated impairment charges of $ 5.8 billion, $ 43 million and $ 5.9 billion presented within Business, Other and Total, respectively. </context>
us-gaap:GoodwillImpairedAccumulatedImpairmentLoss
During the fourth quarter of 2023, we performed a quantitative impairment assessment for our Business reporting unit given the low excess of fair value over carrying value identified in our 2022 annual impairment assessment and increased competitive and market pressures experienced throughout 2023. These pressures resu...
text
5.8
monetaryItemType
text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2023, we performed a quantitative impairment assessment for our Business reporting unit given the low excess of fair value over carrying value identified in our 2022 annual impairment assessment and increas...
us-gaap:GoodwillImpairmentLoss
During the fourth quarter of 2023, we performed a quantitative impairment assessment for our Business reporting unit given the low excess of fair value over carrying value identified in our 2022 annual impairment assessment and increased competitive and market pressures experienced throughout 2023. These pressures resu...
text
5.8
monetaryItemType
text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2023, we performed a quantitative impairment assessment for our Business reporting unit given the low excess of fair value over carrying value identified in our 2022 annual impairment assessment and increas...
us-gaap:GoodwillImpairmentLossNetOfTax
During December 2024, we completed a transaction with Vertical Bridge REIT, LLC (Vertical Bridge) pursuant to which Vertical Bridge obtained the exclusive rights to lease, operate and manage over 6,000 wireless towers from Verizon in exchange for an upfront payment of $ 2.8 billion. Under the terms of the agreement, Ve...
text
2.0
monetaryItemType
text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> During December 2024, we completed a transaction with Vertical Bridge REIT, LLC (Vertical Bridge) pursuant to which Vertical Bridge obtained the exclusive rights to lease, operate and manage over 6,000 wireless towers from Verizon in e...
us-gaap:PrepaidRent
During December 2024, we completed a transaction with Vertical Bridge REIT, LLC (Vertical Bridge) pursuant to which Vertical Bridge obtained the exclusive rights to lease, operate and manage over 6,000 wireless towers from Verizon in exchange for an upfront payment of $ 2.8 billion. Under the terms of the agreement, Ve...
text
830
monetaryItemType
text: <entity> 830 </entity> <entity type> monetaryItemType </entity type> <context> During December 2024, we completed a transaction with Vertical Bridge REIT, LLC (Vertical Bridge) pursuant to which Vertical Bridge obtained the exclusive rights to lease, operate and manage over 6,000 wireless towers from Verizon in e...
us-gaap:FinanceLeaseLiability
For the period ending December 2024, the debt obligations bore interest at floating rates, including floating rates associated with the Secured Overnight Financing Rate (SOFR) for the interest period plus an applicable interest margin per annum. Floating rates associated with SOFR for the interest payments made in Dece...
text
4.598
percentItemType
text: <entity> 4.598 </entity> <entity type> percentItemType </entity type> <context> For the period ending December 2024, the debt obligations bore interest at floating rates, including floating rates associated with the Secured Overnight Financing Rate (SOFR) for the interest period plus an applicable interest margin...
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
For the period ending December 2024, the debt obligations bore interest at floating rates, including floating rates associated with the Secured Overnight Financing Rate (SOFR) for the interest period plus an applicable interest margin per annum. Floating rates associated with SOFR for the interest payments made in Dece...
text
5.556
percentItemType
text: <entity> 5.556 </entity> <entity type> percentItemType </entity type> <context> For the period ending December 2024, the debt obligations bore interest at floating rates, including floating rates associated with the Secured Overnight Financing Rate (SOFR) for the interest period plus an applicable interest margin...
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used ...
text
15.6
monetaryItemType
text: <entity> 15.6 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes includin...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used ...
text
12.4
monetaryItemType
text: <entity> 12.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes includin...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used ...
text
20.3
monetaryItemType
text: <entity> 20.3 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes includin...
us-gaap:RepaymentsOfDebtAndCapitalLeaseObligations
During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used ...
text
8.5
monetaryItemType
text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including...
us-gaap:RepaymentsOfDebt
During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used ...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we received $ 15.6 billion of proceeds from long-term borrowings, which included $ 12.4 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used $ ...
text
8.6
monetaryItemType
text: <entity> 8.6 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including t...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used $ ...
text
6.6
monetaryItemType
text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including t...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used $ ...
text
10.6
monetaryItemType
text: <entity> 10.6 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including ...
us-gaap:RepaymentsOfDebtAndCapitalLeaseObligations
During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used $ ...
text
4.4
monetaryItemType
text: <entity> 4.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including t...
us-gaap:RepaymentsOfDebt
During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including the repayment of debt and the funding of certain renewable energy projects. We used $ ...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we received $ 8.6 billion of proceeds from long-term borrowings, which included $ 6.6 billion of proceeds from asset-backed debt transactions. The net proceeds were primarily used for general corporate purposes including t...
us-gaap:ProceedsFromIssuanceOfLongTermDebt
The debt exchange offers above meet the criteria to be accounted for as a modification of debt. As a result, the excess of the principal amount of notes exchanged over the principal amount of new notes issued of $ 65 million was recorded as a premium to Long-term debt in the consolidated balance sheets.
text
65
monetaryItemType
text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> The debt exchange offers above meet the criteria to be accounted for as a modification of debt. As a result, the excess of the principal amount of notes exchanged over the principal amount of new notes issued of $ 65 million was recorde...
us-gaap:DebtInstrumentUnamortizedPremium
2024, we recorded gains of $ 267 million in connection with the open market repurchases, which were reflected within
text
267
monetaryItemType
text: <entity> 267 </entity> <entity type> monetaryItemType </entity type> <context> 2024, we recorded gains of $ 267 million in connection with the open market repurchases, which were reflected within </context>
us-gaap:GainLossOnRepurchaseOfDebtInstrument
In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash flows on a net basis. As of December 31, 2024, we had no commercial paper outstanding...
text
27.5
monetaryItemType
text: <entity> 27.5 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash...
us-gaap:ProceedsFromShortTermDebt
In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash flows on a net basis. As of December 31, 2024, we had no commercial paper outstanding...
text
27.5
monetaryItemType
text: <entity> 27.5 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash...
us-gaap:RepaymentsOfShortTermDebt
In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash flows on a net basis. As of December 31, 2024, we had no commercial paper outstanding...
text
no
monetaryItemType
text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued $ 27.5 billion in net proceeds and made $ 27.5 billion in principal repayments of commercial paper. These transactions are reflected within Cash flows from financing activities in our consolidated statements of cash f...
us-gaap:CommercialPaper
As of December 31, 2024, the carrying value of our asset-backed debt was $ 26.1 billion. Our asset-backed debt includes Asset-Backed Notes (ABS Notes) issued to third-party investors (Investors) and loans (ABS Financing Facilities) received from banks and their conduit facilities (collectively, the Banks). Our consolid...
text
26.1
monetaryItemType
text: <entity> 26.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the carrying value of our asset-backed debt was $ 26.1 billion. Our asset-backed debt includes Asset-Backed Notes (ABS Notes) issued to third-party investors (Investors) and loans (ABS Financing Facilities) re...
us-gaap:SecuredDebt
, we made aggregate principal repayments of $ 4.5 billion and $ 3.7 billion, respectively, in connection with anticipated redemptions of ABS Notes and notes that have entered the amortization period, including payments in connection with any note redemptions.
text
4.5
monetaryItemType
text: <entity> 4.5 </entity> <entity type> monetaryItemType </entity type> <context> , we made aggregate principal repayments of $ 4.5 billion and $ 3.7 billion, respectively, in connection with anticipated redemptions of ABS Notes and notes that have entered the amortization period, including payments in connection wi...
us-gaap:RepaymentsOfDebt
, we made aggregate principal repayments of $ 4.5 billion and $ 3.7 billion, respectively, in connection with anticipated redemptions of ABS Notes and notes that have entered the amortization period, including payments in connection with any note redemptions.
text
3.7
monetaryItemType
text: <entity> 3.7 </entity> <entity type> monetaryItemType </entity type> <context> , we made aggregate principal repayments of $ 4.5 billion and $ 3.7 billion, respectively, in connection with anticipated redemptions of ABS Notes and notes that have entered the amortization period, including payments in connection wi...
us-gaap:RepaymentsOfDebt
In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with an anticipated redemption of ABS Notes, we made a principal repayment, in whole, for...
text
1.1
monetaryItemType
text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with...
us-gaap:DebtInstrumentFaceAmount
In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with an anticipated redemption of ABS Notes, we made a principal repayment, in whole, for...
text
4.740
percentItemType
text: <entity> 4.740 </entity> <entity type> percentItemType </entity type> <context> In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection wit...
us-gaap:DebtInstrumentInterestRateStatedPercentage
In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with an anticipated redemption of ABS Notes, we made a principal repayment, in whole, for...
text
4.970
percentItemType
text: <entity> 4.970 </entity> <entity type> percentItemType </entity type> <context> In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection wit...
us-gaap:DebtInstrumentInterestRateStatedPercentage
In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with an anticipated redemption of ABS Notes, we made a principal repayment, in whole, for...
text
800
monetaryItemType
text: <entity> 800 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, we issued $ 1.1 billion aggregate principal amount of two series of senior and junior ABS Notes, with a blended interest rate of approximately 4.740 % and 4.970 %, through an ABS Entity. In addition, in connection with...
us-gaap:RepaymentsOfDebt
prepaid an aggregate of $ 900 million in January 2024,
text
900
monetaryItemType
text: <entity> 900 </entity> <entity type> monetaryItemType </entity type> <context> prepaid an aggregate of $ 900 million in January 2024, </context>
us-gaap:RepaymentsOfDebt
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
600
monetaryItemType
text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
900
monetaryItemType
text: <entity> 900 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:RepaymentsOfDebt
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
225
monetaryItemType
text: <entity> 225 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
1.2
monetaryItemType
text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
950
monetaryItemType
text: <entity> 950 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:RepaymentsOfDebt
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
450
monetaryItemType
text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
1.6
monetaryItemType
text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
650
monetaryItemType
text: <entity> 650 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:ProceedsFromLinesOfCredit
borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $ 950 million in September 2024, borrowed an additional $ 450 million in September 202...
text
8.0
monetaryItemType
text: <entity> 8.0 </entity> <entity type> monetaryItemType </entity type> <context> borrowed an additional $ 600 million in March 2024, prepaid an aggregate of $ 900 million in April 2024, borrowed an additional $ 225 million in June 2024, prepaid an aggregate of $ 1.2 billion in August 2024, prepaid an aggregate of $...
us-gaap:LongTermDebt
Under the loan agreement outstanding in connection with the ABS Financing Facility originally entered into in 2022 and initially renewed in 2023 (2022 ABS Financing Facility), we borrowed an additional $ 1.1 billion in June 2024. In December 2024, we renewed the loan agreement in connection with the 2022 ABS Financing ...
text
1.1
monetaryItemType
text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> Under the loan agreement outstanding in connection with the ABS Financing Facility originally entered into in 2022 and initially renewed in 2023 (2022 ABS Financing Facility), we borrowed an additional $ 1.1 billion in June 2024. In De...
us-gaap:ProceedsFromLinesOfCredit
Under the loan agreement outstanding in connection with the ABS Financing Facility originally entered into in 2022 and initially renewed in 2023 (2022 ABS Financing Facility), we borrowed an additional $ 1.1 billion in June 2024. In December 2024, we renewed the loan agreement in connection with the 2022 ABS Financing ...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> Under the loan agreement outstanding in connection with the ABS Financing Facility originally entered into in 2022 and initially renewed in 2023 (2022 ABS Financing Facility), we borrowed an additional $ 1.1 billion in June 2024. In De...
us-gaap:ProceedsFromLinesOfCredit
he aggregate outstanding balance under the 2022 ABS Financing Facility was $ 5.0 billion as of
text
5.0
monetaryItemType
text: <entity> 5.0 </entity> <entity type> monetaryItemType </entity type> <context> he aggregate outstanding balance under the 2022 ABS Financing Facility was $ 5.0 billion as of </context>
us-gaap:LongTermDebt
As of December 31, 2024, there have been no drawings against the revolving credit facility since its inception.
text
no
monetaryItemType
text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there have been no drawings against the revolving credit facility since its inception. </context>
us-gaap:ProceedsFromLinesOfCredit
During 2024, there were no drawings from these
text
no
monetaryItemType
text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> During 2024, there were no drawings from these </context>
us-gaap:ProceedsFromLinesOfCredit
2023, we drew down $ 1.0 billion from these facilities. Borrowings under certain of these facilities are amortized semi-annually in equal installments up to the applicable maturity dates. Maturities reflect maturity dates of principal amounts outstanding. Any amounts borrowed under these facilities and subsequently rep...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> 2023, we drew down $ 1.0 billion from these facilities. Borrowings under certain of these facilities are amortized semi-annually in equal installments up to the applicable maturity dates. Maturities reflect maturity dates of principal ...
us-gaap:ProceedsFromLinesOfCredit
In March 2024, we amended our $ 9.5 billion revolving credit facility to increase the capacity to $ 12.0 billion and extended its maturity to 2028.
text
9.5
monetaryItemType
text: <entity> 9.5 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, we amended our $ 9.5 billion revolving credit facility to increase the capacity to $ 12.0 billion and extended its maturity to 2028. </context>
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity