$VZ
VERIZON COMMUNICATIONS INC Stock $vz

$vz Overview Financials Valuation SEC Filings Company Website

2016 Form 10-K Financial Statement

#000119312517050292 Filed on February 21, 2017

Income Statement

Concept	2016	2015 Q4	2015 Q3
Revenue	$126.0B	$34.25B	$33.16B
YoY Change	-4.29%	3.2%	4.98%
Cost Of Revenue	$30.46B	$14.71B	$7.589B
YoY Change	0.73%	2.11%	-38.06%
Gross Profit	$95.52B	$19.55B	$25.57B
YoY Change	-5.78%	4.03%	32.25%
Gross Profit Margin	75.82%	57.06%	77.11%
Selling, General & Admin	$28.10B	$5.764B	$8.309B
YoY Change	-11.15%	-65.81%	0.39%
% of Gross Profit	29.42%	29.49%	32.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.23B	$4.039B	$4.009B
YoY Change	-0.67%	-0.71%	-3.79%
% of Gross Profit	14.89%	20.66%	15.68%
Operating Expenses	$28.10B	$9.803B	$8.309B
YoY Change	-11.15%	-53.15%	0.39%
Operating Profit	$29.25B	$9.744B	$7.535B
YoY Change	-4.46%	-556.18%	9.36%
Interest Expense	$4.376B	-$1.194B	$1.202B
YoY Change	-11.06%	-6.5%	-4.22%
% of Operating Profit	14.96%	-12.25%	15.95%
Other Income/Expense, Net	-$3.789B	$28.00M	$51.00M
YoY Change	-244.01%	3.7%	-28.17%
Pretax Income	$20.99B	$8.578B	$6.366B
YoY Change	-25.69%	-320.74%	12.51%
Income Tax	$7.378B	$3.065B	$2.195B
% Of Pretax Income	35.16%	35.73%	34.48%
Net Earnings	$13.13B	$5.391B	$4.038B
YoY Change	-26.58%	-341.64%	9.28%
Net Earnings / Revenue	10.42%	15.74%	12.18%
Basic Earnings Per Share	$3.22	$1.32	$0.99
Diluted Earnings Per Share	$3.21	$1.32	$0.99
COMMON SHARES
Basic Shares Outstanding	4.080B shares		4.072B shares
Diluted Shares Outstanding	4.086B shares		4.078B shares

Balance Sheet

Concept	2016	2015 Q4	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.880B	$4.820B	$4.181B
YoY Change	-40.25%	-56.78%	-46.76%
Cash & Equivalents	$2.880B	$4.470B	$3.875B
Short-Term Investments	$0.00	$350.0M	$306.0M
Other Short-Term Assets	$4.800B	$2.751B	$3.163B
YoY Change	74.48%	-14.03%	30.11%
Inventory	$1.202B	$1.252B	$1.319B
Prepaid Expenses
Receivables	$17.51B	$13.46B	$13.11B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$26.40B	$22.36B	$21.77B
YoY Change	18.47%	-24.31%	-12.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$84.75B	$83.54B	$82.56B
YoY Change	1.45%	-7.12%	-8.2%
Goodwill		$25.33B	$25.12B
YoY Change		2.81%	2.06%
Intangibles
YoY Change
Long-Term Investments	$1.110B	$796.0M	$779.0M
YoY Change	39.45%	17.58%	-4.77%
Other Assets	$9.149B	$7.718B	$7.070B
YoY Change	-47.16%	38.71%	38.3%
Total Long-Term Assets	$217.8B	$221.8B	$220.3B
YoY Change	-1.85%	9.5%	9.32%
TOTAL ASSETS
Total Short-Term Assets	$26.40B	$22.36B	$21.77B
Total Long-Term Assets	$217.8B	$221.8B	$220.3B
Total Assets	$244.2B	$244.2B	$242.1B
YoY Change	0.0%	5.2%	6.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.084B	$5.700B	$17.72B
YoY Change	-63.41%	1.82%	3.91%
Accrued Expenses	$10.99B	$5.659B
YoY Change		40.91%
Deferred Revenue
YoY Change
Short-Term Debt	$168.0M	$6.000M	$0.00
YoY Change		-68.42%
Long-Term Debt Due	$2.477B	$6.489B	$7.264B
YoY Change	-61.83%	137.26%	353.15%
Total Short-Term Liabilities	$30.34B	$35.05B	$34.49B
YoY Change	-13.44%	25.24%	28.28%
LONG-TERM LIABILITIES
Long-Term Debt	$105.4B	$103.2B	$105.1B
YoY Change	2.12%	-6.6%	-2.39%
Other Long-Term Liabilities	$38.41B	$11.64B	$11.18B
YoY Change	-9.74%	108.84%	94.45%
Total Long-Term Liabilities	$143.8B	$11.64B	$11.18B
YoY Change	-1.34%	108.84%	94.45%
TOTAL LIABILITIES
Total Short-Term Liabilities	$30.34B	$35.05B	$34.49B
Total Long-Term Liabilities	$143.8B	$11.64B	$11.18B
Total Liabilities	$221.7B	$46.69B	$45.67B
YoY Change	-2.67%	39.13%	39.93%
SHAREHOLDERS EQUITY
Retained Earnings		$11.25B	$8.156B
YoY Change		359.58%	17.12%
Common Stock		$424.0M	$424.0M
YoY Change		0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$7.416B	$7.604B
YoY Change		127.28%	119.45%
Treasury Stock Shares
Shareholders Equity	$22.52B	$16.43B	$13.14B
YoY Change
Total Liabilities & Shareholders Equity	$244.2B	$244.2B	$242.1B
YoY Change	0.0%	5.2%	6.97%

Cashflow Statement

Concept	2016	2015 Q4	2015 Q3
OPERATING ACTIVITIES
Net Income	$13.13B	$5.391B	$4.038B
YoY Change	-26.58%	-341.64%	9.28%
Depreciation, Depletion And Amortization	$14.23B	$4.039B	$4.009B
YoY Change	-0.67%	-0.71%	-3.79%
Cash From Operating Activities	$21.69B	$10.60B	$9.520B
YoY Change	-44.37%	41.84%	13.97%
INVESTING ACTIVITIES
Capital Expenditures	-$17.59B	-$5.366B	-$4.521B
YoY Change	-36.53%	17.21%	7.59%
Acquisitions	$3.765B
YoY Change	6.21%
Other Investing Activities	-$1.602B	-$81.00M	$96.00M
YoY Change	33.72%	-90.45%	-18.64%
Cash From Investing Activities	-$9.874B	-$5.447B	-$4.425B
YoY Change	-67.1%	0.39%	8.35%
FINANCING ACTIVITIES
Cash Dividend Paid	$9.262B
YoY Change	8.48%
Common Stock Issuance & Retirement, Net	-$3.000M
YoY Change	-100.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$13.38B	-4.559B	-4.228B
YoY Change	-11.49%	-442.27%	49.56%
NET CHANGE
Cash From Operating Activities	$21.69B	10.60B	9.520B
Cash From Investing Activities	-$9.874B	-5.447B	-4.425B
Cash From Financing Activities	-$13.38B	-4.559B	-4.228B
Net Change In Cash	-$1.561B	595.0M	867.0M
YoY Change	-74.56%	-82.4%	-39.88%
FREE CASH FLOW
Cash From Operating Activities	$21.69B	$10.60B	$9.520B
Capital Expenditures	-$17.59B	-$5.366B	-$4.521B
Free Cash Flow	$39.28B	$15.97B	$14.04B
YoY Change	-41.11%	32.48%	11.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4076731752	shares
CY2016Q2	dei	Entity Public Float EntityPublicFloat	227584340225
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CY2016Q4	us-gaap	Employee Stock Ownership Plan Esop Number Of Allocated Shares EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares	55000000	shares
CY2016Q4	us-gaap	Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.0420	pure
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4242374240	shares
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CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.10
CY2016Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	1600000000
CY2016Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	1500000000
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1516000000
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	15059000000
CY2016Q4	us-gaap	Principal Amount Outstanding On Loans Securitized PrincipalAmountOutstandingOnLoansSecuritized	4300000000
CY2016Q4	us-gaap	Recorded Unconditional Purchase Obligation Due After Fifth Year RecordedUnconditionalPurchaseObligationDueAfterFifthYear	2200000000
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue
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CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	2583000000
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	17875000000
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	71988000000
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2477000000
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	12097000000
CY2016Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	24000000
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	244180000000
CY2016Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	142000000
CY2016Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	688000000
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CY2016Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	59894000000
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CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	19593000000
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CY2016Q4	us-gaap	Recorded Unconditional Purchase Obligation Due Within One Year RecordedUnconditionalPurchaseObligationDueWithinOneYear	6900000000
CY2016Q4	us-gaap	Receivable With Imputed Interest Discount ReceivableWithImputedInterestDiscount	511000000
CY2016Q4	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	2789000000
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CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	1515000000
CY2016Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Noncurrent LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent	6000000
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	1463000000
CY2016Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	2375000000
CY2016Q4	us-gaap	Defined Benefit Plan Accumulated Benefit Obligation DefinedBenefitPlanAccumulatedBenefitObligation	21100000000
CY2016Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	45964000000
CY2016Q4	us-gaap	Deferred Tax Liabilities Undistributed Foreign Earnings DeferredTaxLiabilitiesUndistributedForeignEarnings	2300000000
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	424000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	62000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	272000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter	79000000
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11182000000
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	147464000000
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1902000000
CY2016Q4	us-gaap	Supplemental Unemployment Benefits Severance Benefits SupplementalUnemploymentBenefitsSeveranceBenefits	656000000
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CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	2304000000
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	7229000000
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	2477000000
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CY2016Q4	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation	524000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	149000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments	950000000
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CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	1039000000
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CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24032000000
CY2016Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	26166000000
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	6724000000
CY2016Q4	us-gaap	Notes Payable Current NotesPayableCurrent	168000000
CY2016Q4	us-gaap	Minority Interest MinorityInterest	1508000000
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CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	5548000000
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CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2473000000
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CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	22848000000
CY2016Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	2914000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Due Current CapitalLeasesFutureMinimumPaymentsDueCurrent	366000000
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CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	1110000000
CY2016Q4	us-gaap	Principal Amount Outstanding On Loans Managed And Securitized PrincipalAmountOutstandingOnLoansManagedAndSecuritized	16100000000
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	84751000000
CY2016Q4	us-gaap	Receivable With Imputed Interest Net Amount ReceivableWithImputedInterestNetAmount	11286000000
CY2016Q4	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	3318000000
CY2016Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	27117000000
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2880000000
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	3300000000
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CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1749000000
CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1121000000
CY2016Q4	us-gaap	Indefinite Lived License Agreements IndefiniteLivedLicenseAgreements	86673000000
CY2016Q4	us-gaap	Inventory Net InventoryNet	1202000000
CY2016Q4	us-gaap	Land Land	667000000
CY2016Q4	us-gaap	Notes Receivable Net NotesReceivableNet	10598000000
CY2016Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	8718000000
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	17513000000
CY2016Q4	us-gaap	Capital Leases Future Minimum Payments Executory Costs CapitalLeasesFutureMinimumPaymentsExecutoryCosts	89000000
CY2016Q4	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	753000000
CY2016Q4	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	1277000000
CY2016Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	5710000000
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration	1900000000
CY2016Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	136737000000
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	232215000000
CY2016Q4	us-gaap	Assets Assets	244180000000
CY2016Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	882000000
CY2016Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	5716000000
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	469000000
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CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	938000000
CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1358000000
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CY2016Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	45639000000
CY2016Q4	us-gaap	Goodwill Goodwill	27205000000
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CY2016Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	11797000000
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8536000000
CY2016Q4	us-gaap	Pledged Assets Not Separately Reported Finance Receivables PledgedAssetsNotSeparatelyReportedFinanceReceivables	5700000000
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3918000000
CY2016Q4	us-gaap	Prescription Drug Benefit Reduction In Accumulated Postretirement Benefit Obligation For Subsidy PrescriptionDrugBenefitReductionInAccumulatedPostretirementBenefitObligationForSubsidy	500000000
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	7263000000
CY2016Q4	vz	Deferred Compensation Employee Stock Ownership Plans And Other DeferredCompensationEmployeeStockOwnershipPlansAndOther	449000000
CY2016Q4	vz	Cash Proceeds Received Net Of Remittances CashProceedsReceivedNetOfRemittances	3000000000
CY2016Q4	vz	Recorded Unconditional Purchase Obligation Due In Second Through Third Year RecordedUnconditionalPurchaseObligationDueInSecondThroughThirdYear	6400000000
CY2013Q4	us-gaap	Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.0500	pure
CY2013Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	2130000000
CY2013Q4	us-gaap	Supplemental Unemployment Benefits Severance Benefits SupplementalUnemploymentBenefitsSeveranceBenefits	757000000
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	53528000000
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	6250000000	shares
CY2014Q4	us-gaap	Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.0420	pure
CY2014Q4	us-gaap	Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearThatRateReachesUltimateTrendRate	2022
CY2014Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	1300000000
CY2014Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1823000000
CY2014Q4	us-gaap	Supplemental Unemployment Benefits Severance Benefits SupplementalUnemploymentBenefitsSeveranceBenefits	875000000
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13676000000
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10598000000
CY2014Q4	us-gaap	Goodwill Goodwill	24639000000
CY2015Q4	us-gaap	Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.0460	pure
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4242374240	shares
CY2015Q4	us-gaap	Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearThatRateReachesUltimateTrendRate	2024
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.10
CY2015Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	1200000000
CY2015Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	2054000000
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11246000000
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11641000000
CY2015Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	463000000
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	244175000000
CY2015Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	125000000
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	444000000
CY2015Q4	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	21694000000
CY2015Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	6125000000
CY2015Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	60795000000
CY2015Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	19362000000
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	550000000
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	5700000000
CY2015Q4	us-gaap	Receivable With Imputed Interest Discount ReceivableWithImputedInterestDiscount	142000000
CY2015Q4	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	3446000000
CY2015Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Noncurrent LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent	959000000
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	1529000000
CY2015Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	2323000000
CY2015Q4	us-gaap	Defined Benefit Plan Accumulated Benefit Obligation DefinedBenefitPlanAccumulatedBenefitObligation	22000000000
CY2015Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	45386000000
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	424000000
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11196000000
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	136622000000
CY2015Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1635000000
CY2015Q4	us-gaap	Supplemental Unemployment Benefits Severance Benefits SupplementalUnemploymentBenefitsSeveranceBenefits	800000000
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	8738000000
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	6325000000
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	12435000000
CY2015Q4	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	21636000000
CY2015Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	45484000000
CY2015Q4	us-gaap	Debt Current DebtCurrent	6489000000
CY2015Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	109729000000
CY2015Q4	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation	318000000
CY2015Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	957000000
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	882000000
CY2015Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	4420000000
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	17842000000
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	6000000
CY2015Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	29957000000
CY2015Q4	us-gaap	Notes Payable Current NotesPayableCurrent	158000000
CY2015Q4	us-gaap	Minority Interest MinorityInterest	1414000000
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	103240000000
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	109565000000
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	35052000000
CY2015Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3414000000
CY2015Q4	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets	29945000000
CY2015Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	24725000000
CY2015Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	2969000000
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	5659000000
CY2015Q4	us-gaap	Assets Current AssetsCurrent	22355000000
CY2015Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2504000000
CY2015Q4	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	15452000000
CY2015Q4	us-gaap	Derivative Liability Fair Value Of Collateral DerivativeLiabilityFairValueOfCollateral	100000000
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	796000000
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	83541000000
CY2015Q4	us-gaap	Receivable With Imputed Interest Net Amount ReceivableWithImputedInterestNetAmount	3578000000
CY2015Q4	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	4099000000
CY2015Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	25587000000
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4470000000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	10267000000
CY2015Q4	us-gaap	Indefinite Lived License Agreements IndefiniteLivedLicenseAgreements	86575000000
CY2015Q4	us-gaap	Inventory Net InventoryNet	1252000000
CY2015Q4	us-gaap	Land Land	709000000
CY2015Q4	us-gaap	Notes Receivable Net NotesReceivableNet	3134000000
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	8365000000
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	13457000000
CY2015Q4	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	728000000
CY2015Q4	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	1046000000
CY2015Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	4907000000
CY2015Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	129201000000
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	220163000000
CY2015Q4	us-gaap	Short Term Investments ShortTermInvestments	350000000
CY2015Q4	us-gaap	Assets Assets	244175000000
CY2015Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	792000000
CY2015Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	5824000000
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	465000000
CY2015Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	18823000000
CY2015Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	15409000000
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	12220000000
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	7592000000
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	20027000000
CY2015Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	44290000000
CY2015Q4	us-gaap	Goodwill Goodwill	25331000000
CY2015Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	7104000000
CY2015Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	3720000000
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7718000000
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2034000000
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	7416000000
CY2015Q4	vz	Deferred Compensation Employee Stock Ownership Plans And Other DeferredCompensationEmployeeStockOwnershipPlansAndOther	428000000
CY2014	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.42
CY2014	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350	pure
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3981000000	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3974000000	shares
CY2014	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.027	pure
CY2014	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.160
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.42
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	0.050	pure
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.034	pure
CY2014	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	7000000	shares
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	30631000000
CY2014	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	0.0650	pure
CY2014	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate DefinedBenefitPlanUltimateHealthCareCostTrendRate	0.0475	pure
CY2014	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.217	pure
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends	0.007	pure
CY2014	us-gaap	Revenues Revenues	127079000000
CY2014	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	182000000
CY2014	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-197000000
CY2014	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	10957000000
CY2014	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	116122000000
CY2014	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	17669000000
CY2014	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	17191000000
CY2014	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	58886000000
CY2014	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	616000000
CY2014	us-gaap	Payments For Postemployment Benefits PaymentsForPostemploymentBenefits	-406000000
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	19599000000
CY2014	us-gaap	Net Income Loss NetIncomeLoss	9625000000
CY2014	us-gaap	Interest Paid Net InterestPaidNet	4429000000
CY2014	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	695000000
CY2014	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	132000000
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2745000000
CY2014	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	707000000
CY2014	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	10686000000
CY2014	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	8378000000
CY2014	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	80000000
CY2014	us-gaap	Profit Loss ProfitLoss	11956000000
CY2014	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	354000000
CY2014	us-gaap	Payments Of Dividends PaymentsOfDividends	7803000000
CY2014	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-5000000
CY2014	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1199000000
CY2014	us-gaap	Increase Decrease In Notes Receivables IncreaseDecreaseInNotesReceivables	1010000000
CY2014	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4093000000
CY2014	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	627000000
CY2014	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1194000000
CY2014	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1247000000
CY2014	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1780000000
CY2014	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	1743000000
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	2278000000
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	12992000000
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	15270000000
CY2014	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-51000000
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-92000000
CY2014	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-32000000
CY2014	us-gaap	Depreciation Depreciation	14966000000
CY2014	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	8130000000
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3314000000
CY2014	us-gaap	Interest Expense InterestExpense	4915000000
CY2014	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-154000000
CY2014	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	120000000
CY2014	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	34000000
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	300000000
CY2014	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	239000000
CY2014	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	497000000
CY2014	us-gaap	Advertising Expense AdvertisingExpense	2526000000
CY2014	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	2657000000
CY2014	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	81000000
CY2014	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	3406000000
CY2014	us-gaap	Depreciation And Amortization DepreciationAndAmortization	16533000000
CY2014	us-gaap	Interest Costs Incurred InterestCostsIncurred	5291000000
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-15856000000
CY2014	us-gaap	Proceeds From Sale Of Intangible Assets ProceedsFromSaleOfIntangibleAssets	2367000000
CY2014	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-475000000
CY2014	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-3873000000
CY2014	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	41016000000
CY2014	us-gaap	Costs And Expenses CostsAndExpenses	107480000000
CY2014	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2700000000
CY2014	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2331000000
CY2014	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	-23000000
CY2014	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1095000000
CY2014	us-gaap	Severance Costs1 SeveranceCosts1	500000000
CY2014	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	278000000
CY2014	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1567000000
CY2014	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-42930000000
CY2014	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	2308000000
CY2014	us-gaap	Cost Of Goods Sold CostOfGoodsSold	21625000000
CY2014	us-gaap	Cost Of Services CostOfServices	28306000000
CY2014	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	668000000
CY2014	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-9000000
CY2014	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	900000000
CY2014	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1412000000
CY2014	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	376000000
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-57705000000
CY2014	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-3088000000
CY2014	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	30967000000
CY2014	vz	Severance Liability Charged To Expense SeveranceLiabilityChargedToExpense	531000000
CY2014	vz	Other Severance Liability OtherSeveranceLiability	-7000000
CY2014	vz	Property And Other Taxes Paid PropertyAndOtherTaxesPaid	1797000000
CY2014	vz	Severance Pension And Benefit Credits Charges SeverancePensionAndBenefitCreditsCharges	7507000000
CY2014	vz	Amount Of Purchases Against Commitments AmountOfPurchasesAgainstCommitments	21000000000
CY2014	vz	Effective Income Tax Rate Reconciliation Affordable Housing Credit EffectiveIncomeTaxRateReconciliationAffordableHousingCredit	-0.010	pure
CY2014	vz	Total Taxes Paid TotalTaxesPaid	7180000000
CY2014	vz	Other Costs OtherCosts	334000000
CY2014	vz	Employment Taxes Paid EmploymentTaxesPaid	1290000000
CY2014	vz	Income Tax Examination Penalties And Interest Expense Benefit IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit	92000000
CY2014	vz	Other Cash Flows From Operating Activities Other Net OtherCashFlowsFromOperatingActivitiesOtherNet	2078000000
CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.37
CY2015	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350	pure
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4093000000	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4085000000	shares
CY2015	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.021	pure
CY2015	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.230
CY2015	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.38
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	0.005	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.008	pure
CY2015	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	8000000	shares
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	38930000000
CY2015	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	0.0600	pure
CY2015	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate DefinedBenefitPlanUltimateHealthCareCostTrendRate	0.0450	pure
CY2015	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.349	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends	0.004	pure
CY2015	us-gaap	Stock Issued During Period Shares Treasury Stock Reissued StockIssuedDuringPeriodSharesTreasuryStockReissued	22600000	shares
CY2015	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	900000000
CY2015	us-gaap	Revenues Revenues	131620000000
CY2015	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5134000000
CY2015	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	3545000000
CY2015	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-194000000
CY2015	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	16924000000
CY2015	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	114696000000
CY2015	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	9340000000
CY2015	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	17775000000
CY2015	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1171000000
CY2015	us-gaap	Payments For Postemployment Benefits PaymentsForPostemploymentBenefits	-619000000
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	33060000000
CY2015	us-gaap	Net Income Loss NetIncomeLoss	17879000000
CY2015	us-gaap	Interest Paid Net InterestPaidNet	4491000000
CY2015	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-942000000
CY2015	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	99000000
CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	945000000
CY2015	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	254000000
CY2015	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	17814000000
CY2015	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	17318000000
CY2015	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	194000000
CY2015	us-gaap	Profit Loss ProfitLoss	18375000000
CY2015	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	9942000000
CY2015	us-gaap	Payments Of Dividends PaymentsOfDividends	8538000000
CY2015	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-11000000
CY2015	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-208000000
CY2015	us-gaap	Increase Decrease In Notes Receivables IncreaseDecreaseInNotesReceivables	23000000
CY2015	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	5293000000
CY2015	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	330000000
CY2015	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	186000000
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-561000000
CY2015	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-86000000
CY2015	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-127000000
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	601000000
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	27639000000
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	28240000000
CY2015	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	3377000000
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3516000000
CY2015	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	130000000
CY2015	us-gaap	Depreciation Depreciation	14323000000
CY2015	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	-1747000000
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9865000000
CY2015	us-gaap	Interest Expense InterestExpense	4920000000
CY2015	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	148000000
CY2015	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	48000000
CY2015	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	40000000
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	300000000
CY2015	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	79000000
CY2015	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	221000000
CY2015	us-gaap	Advertising Expense AdvertisingExpense	2749000000
CY2015	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	5476000000
CY2015	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	70000000
CY2015	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	6349000000
CY2015	us-gaap	Depreciation And Amortization DepreciationAndAmortization	16017000000
CY2015	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	-1346000000
CY2015	us-gaap	Interest Costs Incurred InterestCostsIncurred	5504000000
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-30043000000
CY2015	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-344000000
CY2015	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	1634000000
CY2015	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	29986000000
CY2015	us-gaap	Costs And Expenses CostsAndExpenses	98560000000
CY2015	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	3200000000
CY2015	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	496000000
CY2015	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1610000000
CY2015	us-gaap	Severance Costs1 SeveranceCosts1	600000000
CY2015	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	412000000
CY2015	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1694000000
CY2015	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-6128000000
CY2015	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	496000000
CY2015	us-gaap	Cost Of Goods Sold CostOfGoodsSold	23119000000
CY2015	us-gaap	Cost Of Services CostOfServices	29438000000
CY2015	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	803000000
CY2015	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	9000000
CY2015	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	900000000
CY2015	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	2038000000
CY2015	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2545000000
CY2015	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	584000000
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-15015000000
CY2015	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-1411000000
CY2015	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	6667000000
CY2015	vz	Severance Liability Charged To Expense SeveranceLiabilityChargedToExpense	551000000
CY2015	vz	Other Severance Liability OtherSeveranceLiability	-7000000
CY2015	vz	Property And Other Taxes Paid PropertyAndOtherTaxesPaid	1868000000
CY2015	vz	Severance Pension And Benefit Credits Charges SeverancePensionAndBenefitCreditsCharges	-2256000000
CY2015	vz	Amount Of Purchases Against Commitments AmountOfPurchasesAgainstCommitments	10200000000
CY2015	vz	Effective Income Tax Rate Reconciliation Affordable Housing Credit EffectiveIncomeTaxRateReconciliationAffordableHousingCredit	-0.005	pure
CY2015	vz	Total Taxes Paid TotalTaxesPaid	8445000000
CY2015	vz	Proceeds From Failed Sale Lease Back ProceedsFromFailedSaleLeaseBack	2346000000
CY2015	vz	Employment Taxes Paid EmploymentTaxesPaid	1284000000
CY2015	vz	Income Tax Examination Penalties And Interest Expense Benefit IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit	43000000
CY2015	vz	Other Cash Flows From Operating Activities Other Net OtherCashFlowsFromOperatingActivitiesOtherNet	3734000000
CY2016	us-gaap	Defined Benefit Plan Narrative Description Of Basis Used To Determine Overall Expected Long Term Rate Of Return On Assets Assumption DefinedBenefitPlanNarrativeDescriptionOfBasisUsedToDetermineOverallExpectedLongTermRateOfReturnOnAssetsAssumption	10
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016	dei	Document Type DocumentType	10-K
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.21
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350	pure
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0000732712
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2016	dei	Trading Symbol TradingSymbol	VZ
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4086000000	shares
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4080000000	shares
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	0.022	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.022	pure
CY2016	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.285
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-12-31
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.22
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	0.006	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.024	pure
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	6000000	shares
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	22715000000
CY2016	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="margin-top:6px;margin-bottom:0px" align="justify"> <font style="font-family:Times New Roman" size="2">We prepare our financial statements using U.S. generally accepted accounting principles (GAAP), which requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates.</font></p> <p style="margin-top:12px;margin-bottom:0px" align="justify"> <font style="font-family:Times New Roman" size="2">Examples of significant estimates include: the allowance for doubtful accounts, the recoverability of plant, property and equipment, the recoverability of intangible assets and other long-lived assets, fair values of financial instruments, unrecognized tax benefits, valuation allowances on tax assets, accrued expenses, pension and postretirement benefit obligations, contingencies and the identification and valuation of assets acquired and liabilities assumed in connection with business combinations.</font></p> </div>
CY2016	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	0.0650	pure
CY2016	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate DefinedBenefitPlanUltimateHealthCareCostTrendRate	0.0450	pure
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.352	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends	0.005	pure
CY2016	dei	Entity Registrant Name EntityRegistrantName	VERIZON COMMUNICATIONS INC
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	Segment
CY2016	us-gaap	Segment Reporting Disclosure Of Major Customers SegmentReportingDisclosureOfMajorCustomers	No single customer accounted for more than 10% of our total operating revenues during the years ended December 31, 2016, 2015 and 2014.
CY2016	us-gaap	Stock Issued During Period Shares Treasury Stock Reissued StockIssuedDuringPeriodSharesTreasuryStockReissued	3500000	shares
CY2016	us-gaap	Valuation Allowances And Reserves Period Increase Decrease ValuationAllowancesAndReservesPeriodIncreaseDecrease	-900000000
CY2016	us-gaap	Revenues Revenues	125980000000
CY2016	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	3765000000
CY2016	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	198000000
CY2016	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1800000000
CY2016	us-gaap	Defined Benefit Plan Actuarial Gain Loss DefinedBenefitPlanActuarialGainLoss	2500000000
CY2016	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	17512000000
CY2016	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	108468000000
CY2016	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	19159000000
CY2016	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	17059000000
CY2016	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-493000000
CY2016	us-gaap	Payments For Postemployment Benefits PaymentsForPostemploymentBenefits	-583000000
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	27059000000
CY2016	us-gaap	Net Income Loss NetIncomeLoss	13127000000
CY2016	us-gaap	Interest Paid Net InterestPaidNet	4085000000
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-449000000
CY2016	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-61000000
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5067000000
CY2016	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	142000000
CY2016	us-gaap	Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1 DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1	81000000
CY2016	us-gaap	Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation	609000000
CY2016	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	15731000000
CY2016	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	15250000000
CY2016	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	338000000
CY2016	us-gaap	Profit Loss ProfitLoss	13608000000
CY2016	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	534000000
CY2016	us-gaap	Payments Of Dividends PaymentsOfDividends	9262000000
CY2016	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-55000000
CY2016	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-159000000
CY2016	us-gaap	Increase Decrease In Notes Receivables IncreaseDecreaseInNotesReceivables	3303000000
CY2016	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	9577000000
CY2016	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	188000000
CY2016	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1599000000
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	2123000000
CY2016	us-gaap	Increase Decrease In Accounts Receivable From Securitization IncreaseDecreaseInAccountsReceivableFromSecuritization	28000000
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-98000000
CY2016	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-138000000
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	939000000
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	20047000000
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	20986000000
CY2016	us-gaap	Debt Instrument Increase Decrease Other Net DebtInstrumentIncreaseDecreaseOtherNet	-293000000
CY2016	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-933000000
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1063000000
CY2016	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-128000000
CY2016	us-gaap	Depreciation Depreciation	14227000000
CY2016	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	2705000000
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7378000000
CY2016	us-gaap	Interest Expense InterestExpense	4376000000
CY2016	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2139000000
CY2016	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	9882000000
CY2016	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3000000
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	400000000
CY2016	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	18000000
CY2016	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	88000000
CY2016	us-gaap	Advertising Expense AdvertisingExpense	2744000000
CY2016	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	7451000000
CY2016	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	148000000
CY2016	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	8441000000
CY2016	us-gaap	Depreciation And Amortization DepreciationAndAmortization	15928000000
CY2016	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	479000000
CY2016	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	-436000000
CY2016	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	527000000
CY2016	us-gaap	Interest Costs Incurred InterestCostsIncurred	5080000000
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10983000000
CY2016	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-149000000
CY2016	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2705000000
CY2016	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	31569000000
CY2016	us-gaap	Costs And Expenses CostsAndExpenses	98921000000
CY2016	us-gaap	Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents	100000000
CY2016	us-gaap	Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Net Credit Losses During Period DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherNetCreditLossesDuringPeriod	200000000
CY2016	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	3200000000
CY2016	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	3600000000
CY2016	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	481000000
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1420000000
CY2016	us-gaap	Severance Costs1 SeveranceCosts1	400000000
CY2016	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	153000000
CY2016	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1701000000
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1590000000
CY2016	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	481000000
CY2016	us-gaap	Cost Of Goods Sold CostOfGoodsSold	22238000000
CY2016	us-gaap	Cost Of Services CostOfServices	29186000000
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	842000000
CY2016	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-2000000
CY2016	us-gaap	Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear	-900000000
CY2016	us-gaap	Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1 DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1	616000000
CY2016	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	700000000
CY2016	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	2310000000
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1079000000
CY2016	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	704000000
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-13322000000
CY2016	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-4385000000
CY2016	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	4986000000
CY2016	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	12964000000
CY2016	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	692000000
CY2016	vz	Severance Liability Charged To Expense SeveranceLiabilityChargedToExpense	417000000
CY2016	vz	Other Severance Liability OtherSeveranceLiability	22000000
CY2016	vz	Guarantee Obligation Term GuaranteeObligationTerm	P30Y
CY2016	vz	License Period LicensePeriod	P10Y
CY2016	vz	Recorded Unconditional Purchase Obligation Due In Fourth Through Fifth Year RecordedUnconditionalPurchaseObligationDueInFourthThroughFifthYear	1300000000
CY2016	vz	Approximate Number Of Federal District Court Actions Alleged For Patent Infringement ApproximateNumberOfFederalDistrictCourtActionsAllegedForPatentInfringement	35	LegalMatter
CY2016	vz	Property And Other Taxes Paid PropertyAndOtherTaxesPaid	1796000000
CY2016	vz	Severance Pension And Benefit Credits Charges SeverancePensionAndBenefitCreditsCharges	2923000000
CY2016	vz	Amount Of Purchases Against Commitments AmountOfPurchasesAgainstCommitments	8100000000
CY2016	vz	Effective Income Tax Rate Reconciliation Affordable Housing Credit EffectiveIncomeTaxRateReconciliationAffordableHousingCredit	-0.007	pure
CY2016	vz	Total Taxes Paid TotalTaxesPaid	12569000000
CY2016	vz	Finance Receivables Collected And Remitted Net Of Fees FinanceReceivablesCollectedAndRemittedNetOfFees	7100000000
CY2016	vz	Employment Taxes Paid EmploymentTaxesPaid	1196000000
CY2016	vz	Financing Receivable Allowance For Credit Losses Other FinancingReceivableAllowanceForCreditLossesOther	3000000
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.10
CY2016Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.10
CY2016	vz	Number Of Customer Tenure Days NumberOfCustomerTenureDays	P210D
CY2016	vz	Income Tax Examination Penalties And Interest Expense Benefit IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit	-25000000
CY2016	vz	Deferred Purchase Price Receivable Collected DeferredPurchasePriceReceivableCollected	1100000000
CY2016	vz	Other Cash Flows From Operating Activities Other Net OtherCashFlowsFromOperatingActivitiesOtherNet	1082000000
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.02
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.03
CY2015Q1	us-gaap	Revenues Revenues	31984000000
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	7960000000
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	4219000000
CY2015Q1	us-gaap	Profit Loss ProfitLoss	4338000000
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.04
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.04
CY2015Q2	us-gaap	Revenues Revenues	32224000000
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	7821000000
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	4231000000
CY2015Q2	us-gaap	Profit Loss ProfitLoss	4353000000
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
CY2016Q2	us-gaap	Revenues Revenues	30532000000
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	4554000000
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	702000000
CY2016Q2	us-gaap	Profit Loss ProfitLoss	831000000
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.06
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.06
CY2016Q1	us-gaap	Revenues Revenues	32171000000
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	7942000000
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	4310000000
CY2016Q1	us-gaap	Profit Loss ProfitLoss	4430000000
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.99
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.99
CY2015Q3	us-gaap	Revenues Revenues	33158000000
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	7535000000
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	4038000000
CY2015Q3	us-gaap	Profit Loss ProfitLoss	4171000000
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.89
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.89
CY2016Q3	us-gaap	Revenues Revenues	30937000000
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	6540000000
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	3620000000
CY2016Q3	us-gaap	Profit Loss ProfitLoss	3747000000
CY2016Q4	us-gaap	Revenues Revenues	32340000000
CY2016Q4	us-gaap	Defined Benefit Plan Actuarial Gain Loss DefinedBenefitPlanActuarialGainLoss	1900000000
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	8023000000
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	4495000000
CY2016Q4	us-gaap	Profit Loss ProfitLoss	4600000000
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.32
CY2015Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.32
CY2015Q4	us-gaap	Revenues Revenues	34254000000
CY2015Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	9744000000
CY2015Q4	us-gaap	Net Income Loss NetIncomeLoss	5391000000
CY2015Q4	us-gaap	Profit Loss ProfitLoss	5513000000

Files In Submission

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$VZ
VERIZON COMMUNICATIONS INC Stock $vz

2016 Form 10-K Financial Statement

#000119312517050292 Filed on February 21, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VZ VERIZON COMMUNICATIONS INC Stock $vz

2016 Form 10-K Financial Statement

#000119312517050292 Filed on February 21, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VZ
VERIZON COMMUNICATIONS INC Stock $vz