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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 | 12.0 | monetaryItemType | text: <entity> 12.0 </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 |
During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, | text | 832 | monetaryItemType | text: <entity> 832 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, </context> | us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent |
During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we financed, primarily through alternative financing arrangements, the purchase of approximately $ 1.6 billion, $ 1.3 billion and $ 832 million, respectively, of long-lived assets consisting primarily of network equipment. As of December 31, 2024 and 2023, $ 2.5 billion and $ 2.2 billion, </context> | us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent |
we recorded net debt extinguishment gains of $ 385 million and $ 308 million, respectively. During the year ended | text | 385 | monetaryItemType | text: <entity> 385 </entity> <entity type> monetaryItemType </entity type> <context> we recorded net debt extinguishment gains of $ 385 million and $ 308 million, respectively. During the year ended </context> | us-gaap:GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost |
we recorded net debt extinguishment gains of $ 385 million and $ 308 million, respectively. During the year ended | text | 308 | monetaryItemType | text: <entity> 308 </entity> <entity type> monetaryItemType </entity type> <context> we recorded net debt extinguishment gains of $ 385 million and $ 308 million, respectively. During the year ended </context> | us-gaap:GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost |
$ 1.1 billion. The net gains and losses are recorded in Other income (expense), net in our consolidated statements of income. The total non-cash debt | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> $ 1.1 billion. The net gains and losses are recorded in Other income (expense), net in our consolidated statements of income. The total non-cash debt </context> | us-gaap:GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost |
We guarantee the debentures of our operating telephone company subsidiaries. As of December 31, 2024, $ 614 million aggregate principal amount of these obligations remained outstanding. Each guarantee will remain in place for the life of the obligation unless terminated pursuant to its terms, including the operating telephone company no longer being a wholly-owned subsidiary of the Company. | text | 614 | monetaryItemType | text: <entity> 614 </entity> <entity type> monetaryItemType </entity type> <context> We guarantee the debentures of our operating telephone company subsidiaries. As of December 31, 2024, $ 614 million aggregate principal amount of these obligations remained outstanding. Each guarantee will remain in place for the life of the obligation unless terminated pursuant to its terms, including the operating telephone company no longer being a wholly-owned subsidiary of the Company. </context> | us-gaap:DebtAndCapitalLeaseObligations |
Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. | text | 29.9 | monetaryItemType | text: <entity> 29.9 </entity> <entity type> monetaryItemType </entity type> <context> Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. </context> | us-gaap:NotesReceivableNet |
Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. | text | 26.1 | monetaryItemType | text: <entity> 26.1 </entity> <entity type> monetaryItemType </entity type> <context> Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. </context> | us-gaap:NotesReceivableNet |
Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. </context> | us-gaap:OtherReceivablesNetCurrent |
Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. | text | 911 | monetaryItemType | text: <entity> 911 </entity> <entity type> monetaryItemType </entity type> <context> Included in Other assets and Accounts receivable, net at December 31, 2024 are net device payment plan agreement receivables, net wireless service receivables and net other receivables of $ 29.9 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Other Assets and Accounts receivable, net at December 31, 2023 are net device payment plan agreement receivables and net wireless service receivables of $ 26.1 billion, which have been transferred to ABS Entities and continue to be reported in our consolidated balance sheet. Included in Accounts receivable, net at December 31, 2024 and December 31, 2023 are net other receivables of $ 1.2 billion and $ 911 million, respectively, on which a participation interest has been transferred to ABS Entities and continue to be reported in our consolidated balance sheets. See Note 7 for additional information. We believe the carrying value of these receivables approximate their fair value using a Level 3 expected cash flow model. </context> | us-gaap:OtherReceivablesNetCurrent |
We may offer certain promotions that allow a customer to trade in their owned device in connection with the purchase of a new device. Under these types of promotions, the customer receives a credit for the value of the trade-in device. At December 31, 2024 and December 31, 2023, the amount of trade-in liability was $ 396 million and $ 566 million, respectively. | text | 396 | monetaryItemType | text: <entity> 396 </entity> <entity type> monetaryItemType </entity type> <context> We may offer certain promotions that allow a customer to trade in their owned device in connection with the purchase of a new device. Under these types of promotions, the customer receives a credit for the value of the trade-in device. At December 31, 2024 and December 31, 2023, the amount of trade-in liability was $ 396 million and $ 566 million, respectively. </context> | us-gaap:ContractWithCustomerLiability |
We may offer certain promotions that allow a customer to trade in their owned device in connection with the purchase of a new device. Under these types of promotions, the customer receives a credit for the value of the trade-in device. At December 31, 2024 and December 31, 2023, the amount of trade-in liability was $ 396 million and $ 566 million, respectively. | text | 566 | monetaryItemType | text: <entity> 566 </entity> <entity type> monetaryItemType </entity type> <context> We may offer certain promotions that allow a customer to trade in their owned device in connection with the purchase of a new device. Under these types of promotions, the customer receives a credit for the value of the trade-in device. At December 31, 2024 and December 31, 2023, the amount of trade-in liability was $ 396 million and $ 566 million, respectively. </context> | us-gaap:ContractWithCustomerLiability |
Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. | text | 724 | monetaryItemType | text: <entity> 724 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. | text | 764 | monetaryItemType | text: <entity> 764 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. | text | 186 | monetaryItemType | text: <entity> 186 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount |
Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. | text | 120 | monetaryItemType | text: <entity> 120 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our equity investments do not have readily determinable fair values and are excluded from the tables above. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer and are included in Investments in unconsolidated businesses in our consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the carrying amount of our investments without readily determinable fair values was $ 724 million and $ 764 million, respectively. During 2024, there were insignificant adjustments due to observable price changes and insignificant impairment charges. Cumulative adjustments due to observable price changes and impairment charges were approximately $ 186 million and $ 120 million, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount |
Verizon had a liability for contingent consideration related to its acquisition of TracFone, completed in November 2021. The fair value was calculated using a probability-weighted discounted cash flow model and represented a Level 3 measurement. Level 3 instruments include valuation based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. Subsequent to the Acquisition Date, at each reporting date, the contingent consideration liability was remeasured to fair value. Contingent consideration payments were completed in January of 2024. During 2024 and 2023, we made payments of $ 52 million and $ 257 million, respectively, related to the contingent consideration. See Note 3 for additional information. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> Verizon had a liability for contingent consideration related to its acquisition of TracFone, completed in November 2021. The fair value was calculated using a probability-weighted discounted cash flow model and represented a Level 3 measurement. Level 3 instruments include valuation based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. Subsequent to the Acquisition Date, at each reporting date, the contingent consideration liability was remeasured to fair value. Contingent consideration payments were completed in January of 2024. During 2024 and 2023, we made payments of $ 52 million and $ 257 million, respectively, related to the contingent consideration. See Note 3 for additional information. </context> | us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities |
Verizon had a liability for contingent consideration related to its acquisition of TracFone, completed in November 2021. The fair value was calculated using a probability-weighted discounted cash flow model and represented a Level 3 measurement. Level 3 instruments include valuation based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. Subsequent to the Acquisition Date, at each reporting date, the contingent consideration liability was remeasured to fair value. Contingent consideration payments were completed in January of 2024. During 2024 and 2023, we made payments of $ 52 million and $ 257 million, respectively, related to the contingent consideration. See Note 3 for additional information. | text | 257 | monetaryItemType | text: <entity> 257 </entity> <entity type> monetaryItemType </entity type> <context> Verizon had a liability for contingent consideration related to its acquisition of TracFone, completed in November 2021. The fair value was calculated using a probability-weighted discounted cash flow model and represented a Level 3 measurement. Level 3 instruments include valuation based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. Subsequent to the Acquisition Date, at each reporting date, the contingent consideration liability was remeasured to fair value. Contingent consideration payments were completed in January of 2024. During 2024 and 2023, we made payments of $ 52 million and $ 257 million, respectively, related to the contingent consideration. See Note 3 for additional information. </context> | us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities |
On March 31, 2022, we elected to de-designate our cross currency swaps previously designated as cash flow hedges and re-designated these swaps as fair value hedges. The amount remaining in Accumulated other comprehensive loss related to cash flow hedges on the date of transition will be reclassified to earnings when the hedged item is recognized in earnings or when it becomes probable that the forecasted transactions will not occur. For the fair value hedges, we elected to exclude the change in fair value of the cross currency swaps related to both time value and cross currency basis spread from the assessment of hedge effectiveness (the excluded components). The initial value of the excluded components of $ 1.0 billion as of March 31, 2022 will continue to be amortized into Interest expense over the remaining life of the hedging instruments . During the years | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2022, we elected to de-designate our cross currency swaps previously designated as cash flow hedges and re-designated these swaps as fair value hedges. The amount remaining in Accumulated other comprehensive loss related to cash flow hedges on the date of transition will be reclassified to earnings when the hedged item is recognized in earnings or when it becomes probable that the forecasted transactions will not occur. For the fair value hedges, we elected to exclude the change in fair value of the cross currency swaps related to both time value and cross currency basis spread from the assessment of hedge effectiveness (the excluded components). The initial value of the excluded components of $ 1.0 billion as of March 31, 2022 will continue to be amortized into Interest expense over the remaining life of the hedging instruments . During the years </context> | us-gaap:HedgedLiabilityFairValueHedge |
2023, the amortization of the initial value of the excluded component completely offset the amortization related to the amount remaining in Other comprehensive income (loss) related to cash flow hedges. See Note 14 for additional information. We estimate that $ 94 million will be amortized into Interest expense within the next 12 months. | text | 94 | monetaryItemType | text: <entity> 94 </entity> <entity type> monetaryItemType </entity type> <context> 2023, the amortization of the initial value of the excluded component completely offset the amortization related to the amount remaining in Other comprehensive income (loss) related to cash flow hedges. See Note 14 for additional information. We estimate that $ 94 million will be amortized into Interest expense within the next 12 months. </context> | us-gaap:OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsBeforeTax |
At both December 31, 2024 and 2023, we did no t hold any collateral. At December 31, 2024 and 2023, we posted $ 2.1 billion and $ 1.4 billion, respectively, of collateral related to derivative contracts under collateral exchange agreements, which were recorded as Prepaid expenses and other in our consolidated balance sheets. While we may be exposed to credit losses due to the nonperformance of our counterparties, we consider the risk remote and do not expect that any such nonperformance would result in a significant effect on our results of operations or financial condition due to our diversified pool of counterparties. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> At both December 31, 2024 and 2023, we did no t hold any collateral. At December 31, 2024 and 2023, we posted $ 2.1 billion and $ 1.4 billion, respectively, of collateral related to derivative contracts under collateral exchange agreements, which were recorded as Prepaid expenses and other in our consolidated balance sheets. While we may be exposed to credit losses due to the nonperformance of our counterparties, we consider the risk remote and do not expect that any such nonperformance would result in a significant effect on our results of operations or financial condition due to our diversified pool of counterparties. </context> | us-gaap:DerivativeLiabilityFairValueOfCollateral |
At both December 31, 2024 and 2023, we did no t hold any collateral. At December 31, 2024 and 2023, we posted $ 2.1 billion and $ 1.4 billion, respectively, of collateral related to derivative contracts under collateral exchange agreements, which were recorded as Prepaid expenses and other in our consolidated balance sheets. While we may be exposed to credit losses due to the nonperformance of our counterparties, we consider the risk remote and do not expect that any such nonperformance would result in a significant effect on our results of operations or financial condition due to our diversified pool of counterparties. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> At both December 31, 2024 and 2023, we did no t hold any collateral. At December 31, 2024 and 2023, we posted $ 2.1 billion and $ 1.4 billion, respectively, of collateral related to derivative contracts under collateral exchange agreements, which were recorded as Prepaid expenses and other in our consolidated balance sheets. While we may be exposed to credit losses due to the nonperformance of our counterparties, we consider the risk remote and do not expect that any such nonperformance would result in a significant effect on our results of operations or financial condition due to our diversified pool of counterparties. </context> | us-gaap:DerivativeLiabilityFairValueOfCollateral |
In May 2017, our shareholders approved the 2017 Long-Term Incentive Plan (the 2017 Plan) and terminated the Company's authority to grant new awards under the Verizon 2009 Long-Term Incentive Plan (the 2009 Plan). The 2017 Plan provides for broad-based equity grants to employees, including executive officers, and permits the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance stock units and other awards. Upon approval of the 2017 Plan, we reserved for issuance under the 2017 Plan the number of shares that were remaining but not issued under the 2009 Plan. Shares subject to outstanding awards under the 2009 Plan that expire, are canceled or otherwise terminated will also be available for awards under the 2017 Plan. As of December 31, 2024, 50 million shares are reserved for future issuance under the 2017 Plan. | text | 50 | sharesItemType | text: <entity> 50 </entity> <entity type> sharesItemType </entity type> <context> In May 2017, our shareholders approved the 2017 Long-Term Incentive Plan (the 2017 Plan) and terminated the Company's authority to grant new awards under the Verizon 2009 Long-Term Incentive Plan (the 2009 Plan). The 2017 Plan provides for broad-based equity grants to employees, including executive officers, and permits the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance stock units and other awards. Upon approval of the 2017 Plan, we reserved for issuance under the 2017 Plan the number of shares that were remaining but not issued under the 2009 Plan. Shares subject to outstanding awards under the 2009 Plan that expire, are canceled or otherwise terminated will also be available for awards under the 2017 Plan. As of December 31, 2024, 50 million shares are reserved for future issuance under the 2017 Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
As of December 31, 2024, unrecognized compensation expense related to the unvested portion of Verizon’s RSUs and PSUs was approximately $ 745 million and is expected to be recognized over approximately 2 years. | text | 745 | monetaryItemType | text: <entity> 745 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, unrecognized compensation expense related to the unvested portion of Verizon’s RSUs and PSUs was approximately $ 745 million and is expected to be recognized over approximately 2 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 40.31 | perShareItemType | text: <entity> 40.31 </entity> <entity type> perShareItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 37.53 | perShareItemType | text: <entity> 37.53 </entity> <entity type> perShareItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 53.26 | perShareItemType | text: <entity> 53.26 </entity> <entity type> perShareItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 508 | monetaryItemType | text: <entity> 508 </entity> <entity type> monetaryItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 415 | monetaryItemType | text: <entity> 415 </entity> <entity type> monetaryItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid |
The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. | text | 433 | monetaryItemType | text: <entity> 433 </entity> <entity type> monetaryItemType </entity type> <context> The equity awards granted in 2024, 2023 and 2022 have weighted-average grant date fair values of $ 40.31 , $ 37.53 and $ 53.26 per unit, respectively. During 2024, 2023 and 2022, we paid $ 508 million, $ 415 million and $ 433 million, respectively, to settle RSUs and PSUs classified as liability awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid |
After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. | text | 795 | monetaryItemType | text: <entity> 795 </entity> <entity type> monetaryItemType </entity type> <context> After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensation |
After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. | text | 533 | monetaryItemType | text: <entity> 533 </entity> <entity type> monetaryItemType </entity type> <context> After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensation |
After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. | text | 609 | monetaryItemType | text: <entity> 609 </entity> <entity type> monetaryItemType </entity type> <context> After-tax compensation expense for stock-based compensation related to RSUs and PSUs described above included in Net income attributable to Verizon was $ 795 million, $ 533 million and $ 609 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensation |
The accumulated benefit obligation for all defined benefit pension plans was $ 7.9 billion and $ 15.1 billion at December 31, 2024 and 2023, respectively. | text | 7.9 | monetaryItemType | text: <entity> 7.9 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 7.9 billion and $ 15.1 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation for all defined benefit pension plans was $ 7.9 billion and $ 15.1 billion at December 31, 2024 and 2023, respectively. | text | 15.1 | monetaryItemType | text: <entity> 15.1 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 7.9 billion and $ 15.1 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
On February 29, 2024, we entered into two separate commitment agreements, one by and between the Company, State Street Global Advisors Trust Company (State Street), as independent fiduciary of the Verizon Management Pension Plan and Verizon Pension Plan for Associates (the Pension Plans), and The Prudential Insurance Company of America (Prudential), and one by and between the Company, State Street and RGA Reinsurance Company (RGA), under which the Pension Plans purchased nonparticipating single premium group annuity contracts from Prudential and RGA, respectively, to settle approximately $ 5.8 billion of benefit liabilities of the Pension Plans, net of certain adjustments, resulting in a net pre-tax settlement gain of $ 200 million. | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> On February 29, 2024, we entered into two separate commitment agreements, one by and between the Company, State Street Global Advisors Trust Company (State Street), as independent fiduciary of the Verizon Management Pension Plan and Verizon Pension Plan for Associates (the Pension Plans), and The Prudential Insurance Company of America (Prudential), and one by and between the Company, State Street and RGA Reinsurance Company (RGA), under which the Pension Plans purchased nonparticipating single premium group annuity contracts from Prudential and RGA, respectively, to settle approximately $ 5.8 billion of benefit liabilities of the Pension Plans, net of certain adjustments, resulting in a net pre-tax settlement gain of $ 200 million. </context> | us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent |
The purchase of the group annuity contracts was funded directly by transferring $ 5.6 billion, of assets of the Pension Plans, net of certain settlements. The Company made additional contributions to the Pension Plans prior to the closing date of the transaction, as discussed below. With these contributions, the funded ratio of each of the Pension Plans does not change as a result of this transaction. | text | 5.6 | monetaryItemType | text: <entity> 5.6 </entity> <entity type> monetaryItemType </entity type> <context> The purchase of the group annuity contracts was funded directly by transferring $ 5.6 billion, of assets of the Pension Plans, net of certain settlements. The Company made additional contributions to the Pension Plans prior to the closing date of the transaction, as discussed below. With these contributions, the funded ratio of each of the Pension Plans does not change as a result of this transaction. </context> | us-gaap:DefinedBenefitPlanAssetsTransferredToFromPlan |
The net actuarial gain in 2024 is primarily the result of a $ 1.4 billion gain ($ 764 million in our pension plans and $ 656 million in our postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.0 % for both our pension and postretirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement plans at December 31, 2024, as well as a net pre-tax settlement gain of $ 200 million resulting from the pension annuitization transaction discussed above. | text | 5.8 | percentItemType | text: <entity> 5.8 </entity> <entity type> percentItemType </entity type> <context> The net actuarial gain in 2024 is primarily the result of a $ 1.4 billion gain ($ 764 million in our pension plans and $ 656 million in our postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.0 % for both our pension and postretirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement plans at December 31, 2024, as well as a net pre-tax settlement gain of $ 200 million resulting from the pension annuitization transaction discussed above. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The net actuarial gain in 2024 is primarily the result of a $ 1.4 billion gain ($ 764 million in our pension plans and $ 656 million in our postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.0 % for both our pension and postretirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement plans at December 31, 2024, as well as a net pre-tax settlement gain of $ 200 million resulting from the pension annuitization transaction discussed above. | text | 5.6 | percentItemType | text: <entity> 5.6 </entity> <entity type> percentItemType </entity type> <context> The net actuarial gain in 2024 is primarily the result of a $ 1.4 billion gain ($ 764 million in our pension plans and $ 656 million in our postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.0 % for both our pension and postretirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement plans at December 31, 2024, as well as a net pre-tax settlement gain of $ 200 million resulting from the pension annuitization transaction discussed above. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. | text | 6.6 | percentItemType | text: <entity> 6.6 </entity> <entity type> percentItemType </entity type> <context> The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear |
The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. | text | 7.3 | percentItemType | text: <entity> 7.3 </entity> <entity type> percentItemType </entity type> <context> The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear |
The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. | text | 5.2 | percentItemType | text: <entity> 5.2 </entity> <entity type> percentItemType </entity type> <context> The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. | text | 5.0 | percentItemType | text: <entity> 5.0 </entity> <entity type> percentItemType </entity type> <context> The net actuarial loss in 2023 is primarily the result of a $ 534 million loss in our postretirement benefit plans due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; and a $ 503 million loss ($ 288 million in our pension plans and $ 215 million in our postretirement benefit plans) due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The reclassifications from the amounts recorded in Accumulated other comprehensive income (loss) as a result of collective bargaining agreements and plan amendments made in 2016, 2017, 2018 and 2022 resulted in a net increase to net periodic benefit cost and net decrease to pre-tax income of an insignificant amount during 2024. The similar reclassifications resulted in a net decrease to net periodic benefit cost and net increase to pre-tax income of $ 252 million during 2023 and $ 390 million during 2022. | text | 252 | monetaryItemType | text: <entity> 252 </entity> <entity type> monetaryItemType </entity type> <context> The reclassifications from the amounts recorded in Accumulated other comprehensive income (loss) as a result of collective bargaining agreements and plan amendments made in 2016, 2017, 2018 and 2022 resulted in a net increase to net periodic benefit cost and net decrease to pre-tax income of an insignificant amount during 2024. The similar reclassifications resulted in a net decrease to net periodic benefit cost and net increase to pre-tax income of $ 252 million during 2023 and $ 390 million during 2022. </context> | us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax |
The reclassifications from the amounts recorded in Accumulated other comprehensive income (loss) as a result of collective bargaining agreements and plan amendments made in 2016, 2017, 2018 and 2022 resulted in a net increase to net periodic benefit cost and net decrease to pre-tax income of an insignificant amount during 2024. The similar reclassifications resulted in a net decrease to net periodic benefit cost and net increase to pre-tax income of $ 252 million during 2023 and $ 390 million during 2022. | text | 390 | monetaryItemType | text: <entity> 390 </entity> <entity type> monetaryItemType </entity type> <context> The reclassifications from the amounts recorded in Accumulated other comprehensive income (loss) as a result of collective bargaining agreements and plan amendments made in 2016, 2017, 2018 and 2022 resulted in a net increase to net periodic benefit cost and net decrease to pre-tax income of an insignificant amount during 2024. The similar reclassifications resulted in a net decrease to net periodic benefit cost and net increase to pre-tax income of $ 252 million during 2023 and $ 390 million during 2022. </context> | us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax |
In determining our pension and other postretirement benefit obligations, we used a weighted-average discount rate of 5.7 % in 2024. The rates were selected to approximate the composite interest rates available on a selection of high-quality bonds available in the market at December 31, 2024. The bonds selected had maturities that coincided with the time periods during which benefits payments are expected to occur, were non-callable (or callable with certain selection criteria met) and available in sufficient quantities to ensure marketability (at least $ 300 million par outstanding). | text | 5.7 | percentItemType | text: <entity> 5.7 </entity> <entity type> percentItemType </entity type> <context> In determining our pension and other postretirement benefit obligations, we used a weighted-average discount rate of 5.7 % in 2024. The rates were selected to approximate the composite interest rates available on a selection of high-quality bonds available in the market at December 31, 2024. The bonds selected had maturities that coincided with the time periods during which benefits payments are expected to occur, were non-callable (or callable with certain selection criteria met) and available in sufficient quantities to ensure marketability (at least $ 300 million par outstanding). </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. | text | 53 | percentItemType | text: <entity> 53 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. | text | 63 | percentItemType | text: <entity> 63 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. | text | 41 | percentItemType | text: <entity> 41 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. | text | 51 | percentItemType | text: <entity> 51 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of assets that allows us to meet projected benefit payments while taking into consideration risk and return. While target allocation percentages will vary over time, the current target allocation for plan assets is designed so that 53 % to 63 % of the assets have the objective of achieving a return in excess of the growth in liabilities (comprised of public equities, private equities, real estate, hedge funds, high yield bonds and emerging market debt) and 41 % to 51 % of the assets are invested as liability hedging assets (where interest rate sensitivity of the liability hedging assets better match the interest rate sensitivity of the liability) and a maximum of 10 % is in cash. This allocation will shift as funded status improves to a higher allocation of liability hedging assets. Target policies will be revisited periodically to ensure they are in line with fund objectives. Both active and passive management approaches are used depending on perceived market efficiencies and various other factors. Due to our diversification and risk control processes, there are no significant concentrations of risk, in terms of sector, industry, geography or company names. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. | text | 365 | monetaryItemType | text: <entity> 365 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. | text | 56 | monetaryItemType | text: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. | text | 935 | monetaryItemType | text: <entity> 935 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. | text | 726 | monetaryItemType | text: <entity> 726 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we made discretionary contributions in the aggregate amount of $ 365 million to the Pension Plans, $ 56 million of contributions to our nonqualified pension plans and $ 935 million of contributions to our other postretirement benefit plans. For 2025, we expect no required qualified pension plan contributions and insignificant nonqualified pension plan contributions. Contributions to our other postretirement benefit plans are estimated to be approximately $ 726 million in 2025. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
We maintain four leveraged employee stock ownership plans (ESOP). We match a certain percentage of eligible employee contributions to certain savings plans with shares of our common stock from this ESOP. At December 31, 2024, the number of allocated shares of common stock in this ESOP was 39 million. There were no unallocated shares of common stock in this ESOP at December 31, 2024. All leveraged ESOP shares are included in earnings per share computations. | text | 39 | sharesItemType | text: <entity> 39 </entity> <entity type> sharesItemType </entity type> <context> We maintain four leveraged employee stock ownership plans (ESOP). We match a certain percentage of eligible employee contributions to certain savings plans with shares of our common stock from this ESOP. At December 31, 2024, the number of allocated shares of common stock in this ESOP was 39 million. There were no unallocated shares of common stock in this ESOP at December 31, 2024. All leveraged ESOP shares are included in earnings per share computations. </context> | us-gaap:EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares |
We maintain four leveraged employee stock ownership plans (ESOP). We match a certain percentage of eligible employee contributions to certain savings plans with shares of our common stock from this ESOP. At December 31, 2024, the number of allocated shares of common stock in this ESOP was 39 million. There were no unallocated shares of common stock in this ESOP at December 31, 2024. All leveraged ESOP shares are included in earnings per share computations. | text | no | sharesItemType | text: <entity> no </entity> <entity type> sharesItemType </entity type> <context> We maintain four leveraged employee stock ownership plans (ESOP). We match a certain percentage of eligible employee contributions to certain savings plans with shares of our common stock from this ESOP. At December 31, 2024, the number of allocated shares of common stock in this ESOP was 39 million. There were no unallocated shares of common stock in this ESOP at December 31, 2024. All leveraged ESOP shares are included in earnings per share computations. </context> | us-gaap:EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares |
Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. | text | 700 | monetaryItemType | text: <entity> 700 </entity> <entity type> monetaryItemType </entity type> <context> Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. </context> | us-gaap:EmployeeStockOwnershipPlanESOPCompensationExpense |
Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. | text | 724 | monetaryItemType | text: <entity> 724 </entity> <entity type> monetaryItemType </entity type> <context> Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. </context> | us-gaap:EmployeeStockOwnershipPlanESOPCompensationExpense |
Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. | text | 620 | monetaryItemType | text: <entity> 620 </entity> <entity type> monetaryItemType </entity type> <context> Total savings plan costs were $ 700 million in 2024, $ 724 million in 2023 and $ 620 million in 2022. </context> | us-gaap:EmployeeStockOwnershipPlanESOPCompensationExpense |
In June 2024, we announced a voluntary separation program for select U.S.-based management employees. Approximately 4,800 eligible employees will separate from Verizon under this program by the end of March 2025, with the majority of these employees having exited through December 31, 2024. | text | 4800 | integerItemType | text: <entity> 4800 </entity> <entity type> integerItemType </entity type> <context> In June 2024, we announced a voluntary separation program for select U.S.-based management employees. Approximately 4,800 eligible employees will separate from Verizon under this program by the end of March 2025, with the majority of these employees having exited through December 31, 2024. </context> | us-gaap:RestructuringAndRelatedCostNumberOfPositionsEliminated |
During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. | text | 657 | monetaryItemType | text: <entity> 657 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. </context> | us-gaap:DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit |
During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. | text | 5.8 | percentItemType | text: <entity> 5.8 </entity> <entity type> percentItemType </entity type> <context> During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. | text | 5.6 | percentItemType | text: <entity> 5.6 </entity> <entity type> percentItemType </entity type> <context> During 2024, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded net pre-tax pension and benefits credits of $ 657 million in our pension and postretirement benefit plans. The net gain was recorded in Other income (expense), net, in our consolidated statement of income. This was primarily driven by a credit of $ 1.4 billion ($ 764 million for pension plans and $ 656 million for postretirement benefit plans) due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans from a weighted-average of 5.0 % for both our pension and post retirement plans at December 31, 2023 to a weighted-average of 5.8 % for our pension plans and 5.6 % for our postretirement benefit plans at December 31, 2024; a charge of $ 1.0 billion due to the difference between our estimated and our actual return on plan assets; and a net pre-tax settlement credit of $ 200 million resulting from the pension annuitization transaction discussed above. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. | text | 992 | monetaryItemType | text: <entity> 992 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. </context> | us-gaap:DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit |
During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. | text | 6.6 | percentItemType | text: <entity> 6.6 </entity> <entity type> percentItemType </entity type> <context> During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. </context> | us-gaap:DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear |
During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. | text | 7.3 | percentItemType | text: <entity> 7.3 </entity> <entity type> percentItemType </entity type> <context> During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. </context> | us-gaap:DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear |
During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. | text | 5.2 | percentItemType | text: <entity> 5.2 </entity> <entity type> percentItemType </entity type> <context> During 2023, we recorded net pre-tax pension and benefits charges of $ 992 million in our pension and postretirement benefit plans. The charges were recorded in Other income (expense), net, in our consolidated statement of income and were primarily driven by a charge of $ 534 million due to an increase in our healthcare cost trend rate assumption used to determine the current year liabilities of our postretirement benefit plans from a weighted-average of 6.6 % at December 31, 2022 to a weighted-average of 7.3 % at December 31, 2023; a charge of $ 503 million due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 288 million) and postretirement benefit plans ($ 215 million) from a weighted-average of 5.2 % at December 31, 2022 to a weighted-average of 5.0 % at December 31, 2023; a net credit of $ 45 million primarily due to changes in other actuarial assumption adjustments, which includes the difference between our estimated and our actual return on plan assets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
During 2022, we recorded net pre-tax pension and benefits credits of $ 1.7 billion in our pension and postretirement benefit plans. The credits were recorded in Other income (expense), net in our consolidated statement of income and were primarily driven by | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, we recorded net pre-tax pension and benefits credits of $ 1.7 billion in our pension and postretirement benefit plans. The credits were recorded in Other income (expense), net in our consolidated statement of income and were primarily driven by </context> | us-gaap:DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit |
a credit of $ 7.0 billion due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 4.1 billion) and postretirement benefit plans ($ 2.9 billion) from a weighted-average of 2.9 % at December 31, 2021 to a weighted-average of 5.2 % at December 31, 2022, a charge of $ 5.5 billion due to the difference between our estimated and our actual return on assets and a credit of $ 206 million due to other actuarial assumption adjustments. | text | 2.9 | percentItemType | text: <entity> 2.9 </entity> <entity type> percentItemType </entity type> <context> a credit of $ 7.0 billion due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 4.1 billion) and postretirement benefit plans ($ 2.9 billion) from a weighted-average of 2.9 % at December 31, 2021 to a weighted-average of 5.2 % at December 31, 2022, a charge of $ 5.5 billion due to the difference between our estimated and our actual return on assets and a credit of $ 206 million due to other actuarial assumption adjustments. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
a credit of $ 7.0 billion due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 4.1 billion) and postretirement benefit plans ($ 2.9 billion) from a weighted-average of 2.9 % at December 31, 2021 to a weighted-average of 5.2 % at December 31, 2022, a charge of $ 5.5 billion due to the difference between our estimated and our actual return on assets and a credit of $ 206 million due to other actuarial assumption adjustments. | text | 5.2 | percentItemType | text: <entity> 5.2 </entity> <entity type> percentItemType </entity type> <context> a credit of $ 7.0 billion due to an increase in our discount rate assumption used to determine the current year liabilities of our pension plans ($ 4.1 billion) and postretirement benefit plans ($ 2.9 billion) from a weighted-average of 2.9 % at December 31, 2021 to a weighted-average of 5.2 % at December 31, 2022, a charge of $ 5.5 billion due to the difference between our estimated and our actual return on assets and a credit of $ 206 million due to other actuarial assumption adjustments. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. | text | 21.9 | percentItemType | text: <entity> 21.9 </entity> <entity type> percentItemType </entity type> <context> The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. | text | 28.8 | percentItemType | text: <entity> 28.8 </entity> <entity type> percentItemType </entity type> <context> The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> The effective income tax rate for 2024 was 21.9 % compared to 28.8 % for 2023. The decrease in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion in 2023 that substantially decreased income before income taxes and was not deductible. The increase in the provision for income taxes was primarily due to the increase in income before income taxes in the current period. </context> | us-gaap:GoodwillImpairmentLoss |
The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. | text | 28.8 | percentItemType | text: <entity> 28.8 </entity> <entity type> percentItemType </entity type> <context> The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. | text | 23.1 | percentItemType | text: <entity> 23.1 </entity> <entity type> percentItemType </entity type> <context> The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> The effective income tax rate for 2023 was 28.8 % compared to 23.1 % for 2022. The increase in the effective income tax rate was primarily due to the Verizon Business Group goodwill impairment charge of $ 5.8 billion that substantially decreased income before income taxes and was not deductible. The decrease in the provision for income taxes was primarily due to the decrease in income before income taxes in the current period. </context> | us-gaap:GoodwillImpairmentLoss |
At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. | text | 591 | monetaryItemType | text: <entity> 591 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net after-tax loss, credit, and other carry forwards for income tax purposes of approximately $ 1.7 billion that relate to federal, state and foreign taxes. Of these net after-tax loss, credit, and other carry forwards, approximately $ 1.1 billion will expire between 2025 and 2044 and approximately $ 591 million may be carried forward indefinitely. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration |
During 2024, the valuation allowance increased by $ 59 million. The $ 1.4 billion valuation allowance at December 31, 2024 is primarily related to state and foreign taxes. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the valuation allowance increased by $ 59 million. The $ 1.4 billion valuation allowance at December 31, 2024 is primarily related to state and foreign taxes. </context> | us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount |
During 2024, the valuation allowance increased by $ 59 million. The $ 1.4 billion valuation allowance at December 31, 2024 is primarily related to state and foreign taxes. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the valuation allowance increased by $ 59 million. The $ 1.4 billion valuation allowance at December 31, 2024 is primarily related to state and foreign taxes. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Included in the total unrecognized tax benefits at December 31, 2024, 2023 and 2022 is $ 2.3 billion, $ 2.3 billion and $ 2.5 billion, respectively, that if recognized, would favorably affect the effective income tax rate. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> Included in the total unrecognized tax benefits at December 31, 2024, 2023 and 2022 is $ 2.3 billion, $ 2.3 billion and $ 2.5 billion, respectively, that if recognized, would favorably affect the effective income tax rate. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Included in the total unrecognized tax benefits at December 31, 2024, 2023 and 2022 is $ 2.3 billion, $ 2.3 billion and $ 2.5 billion, respectively, that if recognized, would favorably affect the effective income tax rate. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> Included in the total unrecognized tax benefits at December 31, 2024, 2023 and 2022 is $ 2.3 billion, $ 2.3 billion and $ 2.5 billion, respectively, that if recognized, would favorably affect the effective income tax rate. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
We have two reportable segments that we operate and manage as strategic business units - Consumer and Business. We measure and evaluate our reportable segments based on segment operating income, consistent with the chief operating decision maker's (CODM) assessment of segment performance. | 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. We measure and evaluate our reportable segments based on segment operating income, consistent with the chief operating decision maker's (CODM) assessment of segment performance. </context> | us-gaap:NumberOfReportableSegments |
The following tables provide operating financial information for our two reportable segments: | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> The following tables provide operating financial information for our two reportable segments: </context> | us-gaap:NumberOfReportableSegments |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 25.9 billion and $ 3.6 billion, respectively, for the year ended December 31, 2024. | text | 25.9 | monetaryItemType | text: <entity> 25.9 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 25.9 billion and $ 3.6 billion, respectively, for the year ended December 31, 2024. </context> | us-gaap:Revenues |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 25.9 billion and $ 3.6 billion, respectively, for the year ended December 31, 2024. | text | 3.6 | monetaryItemType | text: <entity> 3.6 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 25.9 billion and $ 3.6 billion, respectively, for the year ended December 31, 2024. </context> | us-gaap:Revenues |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 26.4 billion and $ 3.7 billion, respectively, for the year ended December 31, 2023. | text | 26.4 | monetaryItemType | text: <entity> 26.4 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 26.4 billion and $ 3.7 billion, respectively, for the year ended December 31, 2023. </context> | us-gaap:Revenues |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 26.4 billion and $ 3.7 billion, respectively, for the year ended December 31, 2023. | text | 3.7 | monetaryItemType | text: <entity> 3.7 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 26.4 billion and $ 3.7 billion, respectively, for the year ended December 31, 2023. </context> | us-gaap:Revenues |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 27.0 billion and $ 4.0 billion, respectively, for the year ended December 31, 2022. | text | 27.0 | monetaryItemType | text: <entity> 27.0 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 27.0 billion and $ 4.0 billion, respectively, for the year ended December 31, 2022. </context> | us-gaap:Revenues |
Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 27.0 billion and $ 4.0 billion, respectively, for the year ended December 31, 2022. | text | 4.0 | monetaryItemType | text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> Service and other revenues and Wireless equipment revenues included in our Business segment amounted to approximately $ 27.0 billion and $ 4.0 billion, respectively, for the year ended December 31, 2022. </context> | us-gaap:Revenues |
The following table provides Fios revenues for our two reportable segments and includes intersegment activity: | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> The following table provides Fios revenues for our two reportable segments and includes intersegment activity: </context> | us-gaap:NumberOfReportableSegments |
In February 2020, the Board of Directors of the Company authorized a share buyback program to repurchase up to 100 million shares of our common stock. The program will terminate when the aggregate number of shares purchased reaches 100 million or a new share repurchase plan superseding the current plan is authorized, whichever is sooner. During the years ended December 31, 2024, 2023, and 2022, we did no t repurchase any shares of our common stock under our authorized share buyback program. At December 31, 2024, the maximum number of shares that could be purchased by or on behalf of Verizon under our share buyback program was 100 million. | text | 100 | sharesItemType | text: <entity> 100 </entity> <entity type> sharesItemType </entity type> <context> In February 2020, the Board of Directors of the Company authorized a share buyback program to repurchase up to 100 million shares of our common stock. The program will terminate when the aggregate number of shares purchased reaches 100 million or a new share repurchase plan superseding the current plan is authorized, whichever is sooner. During the years ended December 31, 2024, 2023, and 2022, we did no t repurchase any shares of our common stock under our authorized share buyback program. At December 31, 2024, the maximum number of shares that could be purchased by or on behalf of Verizon under our share buyback program was 100 million. </context> | us-gaap:StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased |
Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareholder plans. During the years ended December 31, 2024, 2023, and 2022, we issued 5.4 million, 4.4 million and 2.1 million shares of common stock from treasury stock, which had aggregate values of $ 238 million, $ 192 million and $ 91 million, respectively. | text | 5.4 | sharesItemType | text: <entity> 5.4 </entity> <entity type> sharesItemType </entity type> <context> Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareholder plans. During the years ended December 31, 2024, 2023, and 2022, we issued 5.4 million, 4.4 million and 2.1 million shares of common stock from treasury stock, which had aggregate values of $ 238 million, $ 192 million and $ 91 million, respectively. </context> | us-gaap:StockIssuedDuringPeriodSharesTreasuryStockReissued |
Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareholder plans. During the years ended December 31, 2024, 2023, and 2022, we issued 5.4 million, 4.4 million and 2.1 million shares of common stock from treasury stock, which had aggregate values of $ 238 million, $ 192 million and $ 91 million, respectively. | text | 4.4 | sharesItemType | text: <entity> 4.4 </entity> <entity type> sharesItemType </entity type> <context> Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareholder plans. During the years ended December 31, 2024, 2023, and 2022, we issued 5.4 million, 4.4 million and 2.1 million shares of common stock from treasury stock, which had aggregate values of $ 238 million, $ 192 million and $ 91 million, respectively. </context> | us-gaap:StockIssuedDuringPeriodSharesTreasuryStockReissued |
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