falseQ120190000732712765000000744000000P5YP2Y0.59000.60250.10.1625000000062500000004291433646429143364604100000000.00330.051500.017500.038750.0590.08750.013750.01750.030.040160.05P4Y2210000000023200000000P9Y1000000200000018000000050000006000000500000060000000560000000.10.125000000025000000000P5YP9MP1Y159400267155727000P2YP2YP30YP25YP24YP1Y 0000732712 2019-01-01 2019-03-31 0000732712 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A4.073NotesDue2024Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A3.25NotesDue2026Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A1.875NotesDue2029Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A0.875NotesDue2025Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A2.625NotesDue2031Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A1.375NotesDue2028Member 2019-08-08 2019-08-08 0000732712 exch:XNYM us-gaap:CommonStockMember 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A2.375NotesDue2022Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A3.375NotesDue2036Member 2019-08-08 2019-08-08 0000732712 exch:XNGS us-gaap:CommonStockMember 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A1.375NotesDue2026Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A3.125NotesDue2035Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A1.625NotesDue2024Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A2.875NotesDue2038Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A4.75NotesDue2034Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A2.500NotesDue2031Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A0.500NotesDue2022Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A1.250NotesDue2030Member 2019-08-08 2019-08-08 0000732712 exch:XNYM vz:A0.875NotesDue2027Member 2019-08-08 2019-08-08 0000732712 2018-01-01 2018-03-31 0000732712 us-gaap:ServiceMember 2018-01-01 2018-03-31 0000732712 us-gaap:ServiceMember 2019-01-01 2019-03-31 0000732712 vz:ServiceAndOtherMember 2018-01-01 2018-03-31 0000732712 vz:ServiceAndOtherMember 2019-01-01 2019-03-31 0000732712 us-gaap:ProductMember 2018-01-01 2018-03-31 0000732712 us-gaap:ProductMember 2019-01-01 2019-03-31 0000732712 2018-12-31 0000732712 2019-03-31 0000732712 2018-03-31 0000732712 2017-12-31 0000732712 us-gaap:SubsequentEventMember 2019-04-01 2019-08-08 0000732712 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2018-12-31 0000732712 us-gaap:OtherAssetsMember 2019-03-31 0000732712 us-gaap:OtherAssetsMember 2019-01-01 2019-03-31 0000732712 us-gaap:OtherAssetsMember 2018-12-31 0000732712 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2019-03-31 0000732712 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2019-01-01 2019-03-31 0000732712 2019-01-01 0000732712 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000732712 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-01-01 0000732712 2020-01-01 2019-03-31 0000732712 2021-01-01 2019-03-31 0000732712 vz:WirelessPostpaidContractsMember 2018-03-31 0000732712 vz:WirelessPostpaidContractsMember 2019-03-31 0000732712 vz:MediaBusinessMember 2019-01-01 2019-03-31 0000732712 2019-04-01 2019-03-31 0000732712 vz:CustomerContractsThatHaveContractMinimumOverTotalContractTermMember 2019-04-01 2019-03-31 0000732712 vz:WirelineConsumerAndSmallAndMediumBusinessContractsMember 2018-03-31 0000732712 vz:MediaBusinessMember 2018-01-01 2018-03-31 0000732712 vz:WirelineConsumerAndSmallAndMediumBusinessContractsMember 2019-03-31 0000732712 2018-01-01 0000732712 us-gaap:OtherLiabilitiesMember 2019-03-31 0000732712 us-gaap:OtherLiabilitiesMember 2018-12-31 0000732712 us-gaap:OtherCurrentLiabilitiesMember 2018-12-31 0000732712 us-gaap:OtherCurrentLiabilitiesMember 2019-03-31 0000732712 srt:MaximumMember 2019-03-31 0000732712 srt:MinimumMember 2019-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelineMember 2018-12-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelessMember 2018-12-31 0000732712 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelessMember 2019-01-01 2019-03-31 0000732712 us-gaap:CorporateNonSegmentMember 2018-12-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelineMember 2019-01-01 2019-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelessMember 2019-03-31 0000732712 us-gaap:CorporateNonSegmentMember 2019-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:WirelineMember 2019-03-31 0000732712 us-gaap:CustomerListsMember 2019-03-31 0000732712 us-gaap:CustomerListsMember 2018-12-31 0000732712 vz:NonNetworkInternalUseSoftwareMember 2018-12-31 0000732712 us-gaap:OtherIntangibleAssetsMember 2019-03-31 0000732712 vz:NonNetworkInternalUseSoftwareMember 2019-03-31 0000732712 us-gaap:OtherIntangibleAssetsMember 2018-12-31 0000732712 vz:WirelessLicensesMember 2018-12-31 0000732712 vz:WirelessLicensesMember 2018-01-01 2018-03-31 0000732712 vz:WirelessLicensesMember 2019-03-31 0000732712 vz:WirelessLicensesMember 2019-01-01 2019-03-31 0000732712 vz:TowerMonetizationTransactionMember 2015-03-01 2015-03-31 0000732712 vz:TowerMonetizationTransactionMember 2015-03-31 0000732712 srt:MaximumMember 2019-01-01 2019-03-31 0000732712 srt:MinimumMember 2019-01-01 2019-03-31 0000732712 vz:DebtExchangeOffersMember 2019-03-31 0000732712 vz:GTELLC8.750DebenturesDue2021Member vz:DebtExchangeOffersMember 2019-03-31 0000732712 vz:Verizon1.750To5.150NotesAndFloatingRateNotesDue2021To2025Member vz:DebtExchangeOffersMember 2019-03-31 0000732712 vz:Verizon4.016NotesDue2029Member vz:DebtExchangeOffersMember 2019-03-31 0000732712 vz:A3.875NotesDue2029Member 2019-01-01 2019-03-31 0000732712 vz:A3.875NotesDue2029Member 2019-03-31 0000732712 vz:Verizon5.000NotesDue2051Member 2019-03-31 0000732712 vz:Verizon5.000NotesDue2051Member 2019-01-01 2019-03-31 0000732712 vz:A2016ABSFinancingFacilityMember 2019-03-31 0000732712 vz:EquipmentCreditFacilitiesMember 2019-01-01 2019-03-31 0000732712 vz:ShortTermUncommittedCreditFacilityMember 2019-01-01 2019-03-31 0000732712 vz:EquipmentCreditFacilitiesMember 2019-03-31 0000732712 vz:VendorFinancingFacilityMember vz:NetworkEquipmentMember 2019-03-31 0000732712 vz:VendorFinancingFacilityMember vz:NetworkEquipmentMember 2018-01-01 2018-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassA1bSeniorSecuredNotesMember 2019-03-31 0000732712 vz:EquipmentCreditFacilitiesMember 2017-07-31 0000732712 vz:A2.500NotesDue2031Member us-gaap:SubsequentEventMember 2019-04-26 0000732712 vz:Verizon3.500NotesDue2021Member 2019-03-31 0000732712 vz:VendorFinancingFacilityMember vz:NetworkEquipmentMember 2018-12-31 0000732712 vz:A2.625NotesDue2020Member us-gaap:SubsequentEventMember 2019-04-01 2019-04-26 0000732712 us-gaap:CommercialPaperMember 2019-03-31 0000732712 vz:AssetBackedDebtMember 2019-03-31 0000732712 vz:Verizon3.500NotesDue2021Member us-gaap:SubsequentEventMember 2019-04-01 2019-04-26 0000732712 vz:EquipmentCreditFacilitiesMember vz:NetworkEquipmentMember 2016-03-31 0000732712 vz:ShortTermUncommittedCreditFacilityMember 2018-07-31 0000732712 vz:EquipmentCreditFacilitiesMember vz:NetworkEquipmentMember 2019-03-31 0000732712 vz:VendorFinancingFacilityMember vz:NetworkEquipmentMember 2019-01-01 2019-03-31 0000732712 vz:GuaranteeOfDebtObligationsOfGeneralTelephoneAndElectronicsCorporationMember 2019-03-31 0000732712 vz:A1.250NotesDue2030Member us-gaap:SubsequentEventMember 2019-04-26 0000732712 vz:A2018ABSFinancingFacilityMember 2018-05-01 2018-05-31 0000732712 vz:A0.875NotesDue2027And1.250NotesDue2030Member us-gaap:SubsequentEventMember 2019-04-26 0000732712 vz:A0.875NotesDue2027Member us-gaap:SubsequentEventMember 2019-04-26 0000732712 vz:GuaranteeOfDebenturesOfOperatingTelephoneCompanySubsidiariesMember 2019-03-31 0000732712 vz:A2018ABSFinancingFacilityMember 2019-03-31 0000732712 vz:A2016ABSFinancingFacilityMember 2019-01-01 2019-03-31 0000732712 vz:AssetBackedNotesMember us-gaap:SecuredDebtMember 2019-01-01 2019-03-31 0000732712 vz:A2018ABSFinancingFacilityMember 2019-01-01 2019-03-31 0000732712 vz:A2.625NotesDue2020Member 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassA1bSeniorSecuredNotesMember 2019-03-31 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassA1aSeniorSecuredNotesMember 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassCJuniorSecuredNotesMember 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassBJuniorSecuredNotesMember 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassA1aSeniorSecuredNotesMember 2019-03-31 2019-03-31 0000732712 vz:AssetBackedNotesMember 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassBJuniorSecuredNotesMember 2019-03-31 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassCJuniorSecuredNotesMember 2019-03-31 2019-03-31 0000732712 vz:LongtermDebtCurrentMember 2019-03-31 0000732712 us-gaap:LongTermDebtMember 2019-03-31 0000732712 us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2019-03-31 0000732712 vz:LongtermDebtCurrentMember 2018-12-31 0000732712 us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2018-12-31 0000732712 us-gaap:AccountsReceivableMember 2019-03-31 0000732712 us-gaap:LongTermDebtMember 2018-12-31 0000732712 us-gaap:AccountsReceivableMember 2018-12-31 0000732712 vz:Verizon3.000NotesDue2021Member 2019-01-01 2019-03-31 0000732712 vz:Verizon1.750NotesDue2021Member 2019-01-01 2019-03-31 0000732712 vz:A5.900NotesDue2054Member 2019-01-01 2019-03-31 0000732712 vz:Verizon1.375NotesDue2019Member 2019-03-31 0000732712 vz:Verizon1.375NotesDue2019Member 2019-01-01 2019-03-31 0000732712 vz:A5.900NotesDue2054Member 2019-03-31 0000732712 vz:VariousVerizonNotesOfOpenMarketRepurchaseMember 2019-03-31 0000732712 vz:Verizon3.000NotesDue2021Member 2019-03-31 0000732712 vz:Verizon1.750NotesDue2021Member 2019-03-31 0000732712 vz:Verizon3.500NotesDue2021Member 2019-01-01 2019-03-31 0000732712 vz:AssetBackedNotesMember vz:ClassA1bSeniorSecuredNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-03-31 0000732712 vz:AssetBackedNotesMember 2019-01-01 2019-03-31 0000732712 srt:MinimumMember vz:Verizon1.750To5.150NotesAndFloatingRateNotesDue2021To2025Member 2019-03-31 0000732712 srt:MaximumMember vz:Verizon1.750To5.150NotesAndFloatingRateNotesDue2021To2025Member 2019-03-31 0000732712 vz:ProductTradeInMember 2018-12-31 0000732712 us-gaap:BilledRevenuesMember 2019-03-31 0000732712 us-gaap:BilledRevenuesMember 2018-12-31 0000732712 us-gaap:UnbilledRevenuesMember 2019-03-31 0000732712 us-gaap:UnbilledRevenuesMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:InterestRateCapMember 2019-03-31 0000732712 us-gaap:CurrencySwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateSwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeForwardMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:ForeignExchangeForwardMember 2019-03-31 0000732712 us-gaap:InterestRateCapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateCapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:CurrencySwapMember 2019-03-31 0000732712 us-gaap:InterestRateSwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:InterestRateSwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateCapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member vz:ForwardStartingInterestRateSwapsMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:CurrencySwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:ForeignExchangeForwardMember 2019-03-31 0000732712 us-gaap:ForeignExchangeForwardMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member vz:ForwardStartingInterestRateSwapsMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:CurrencySwapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member vz:ForwardStartingInterestRateSwapsMember 2019-03-31 0000732712 vz:ForwardStartingInterestRateSwapsMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000732712 us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000732712 us-gaap:ForeignExchangeForwardMember 2019-03-31 0000732712 vz:ForwardStartingInterestRateSwapsMember 2018-12-31 0000732712 us-gaap:CurrencySwapMember 2019-03-31 0000732712 us-gaap:InterestRateSwapMember 2019-03-31 0000732712 us-gaap:InterestRateCapMember 2018-12-31 0000732712 vz:ForwardStartingInterestRateSwapsMember 2019-03-31 0000732712 us-gaap:ForeignExchangeForwardMember 2018-12-31 0000732712 us-gaap:CurrencySwapMember 2018-12-31 0000732712 us-gaap:InterestRateSwapMember 2018-12-31 0000732712 us-gaap:InterestRateCapMember 2019-03-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:InterestRateCapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member vz:ForwardStartingInterestRateSwapsMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:CurrencySwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:CurrencySwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateCapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateCapMember 2018-12-31 0000732712 us-gaap:InterestRateSwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member vz:ForwardStartingInterestRateSwapsMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateSwapMember 2018-12-31 0000732712 us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member vz:ForwardStartingInterestRateSwapsMember 2018-12-31 0000732712 us-gaap:CurrencySwapMember 2018-12-31 0000732712 us-gaap:InterestRateCapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000732712 us-gaap:FairValueInputsLevel1Member us-gaap:InterestRateSwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:CurrencySwapMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000732712 vz:ForwardStartingInterestRateSwapsMember 2018-12-31 0000732712 us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000732712 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueHedgingMember 2019-01-01 2019-03-31 0000732712 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-03-31 0000732712 vz:ForwardStartingInterestRateSwapsMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-03-31 0000732712 vz:EuroDenominatedDebtMember us-gaap:NetInvestmentHedgingMember 2019-03-31 0000732712 us-gaap:InterestRateSwapMember us-gaap:FairValueHedgingMember 2019-01-01 2019-03-31 0000732712 vz:EuroDenominatedDebtMember us-gaap:NetInvestmentHedgingMember 2018-12-31 0000732712 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000732712 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0000732712 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0000732712 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000732712 us-gaap:LongTermDebtMember us-gaap:FairValueHedgingMember 2018-12-31 0000732712 us-gaap:LongTermDebtMember us-gaap:FairValueHedgingMember 2019-03-31 0000732712 us-gaap:QualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:NonqualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:QualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 vz:A2018VoluntarySeparationProgramMember 2018-09-01 2018-09-30 0000732712 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 vz:CostofServiceMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 vz:CostofServiceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 vz:CostofServiceMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 vz:CostofServiceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000732712 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000732712 us-gaap:TreasuryStockMember 2018-03-31 0000732712 us-gaap:RetainedEarningsMember 2018-03-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2018-01-01 2018-03-31 0000732712 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000732712 us-gaap:NoncontrollingInterestMember 2018-12-31 0000732712 us-gaap:TreasuryStockMember 2018-01-01 2018-03-31 0000732712 us-gaap:TreasuryStockMember 2019-03-31 0000732712 us-gaap:RetainedEarningsMember 2018-12-31 0000732712 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2019-01-01 2019-03-31 0000732712 us-gaap:RetainedEarningsMember 2017-12-31 0000732712 us-gaap:NoncontrollingInterestMember 2018-03-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000732712 us-gaap:TreasuryStockMember 2019-01-01 2019-03-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2018-03-31 0000732712 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000732712 us-gaap:NoncontrollingInterestMember 2019-03-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000732712 us-gaap:CommonStockMember 2018-03-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000732712 us-gaap:CommonStockMember 2018-12-31 0000732712 us-gaap:NoncontrollingInterestMember 2017-12-31 0000732712 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000732712 us-gaap:TreasuryStockMember 2017-12-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2017-12-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000732712 us-gaap:CommonStockMember 2019-03-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000732712 us-gaap:CommonStockMember 2017-12-31 0000732712 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000732712 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000732712 us-gaap:RetainedEarningsMember 2019-03-31 0000732712 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000732712 us-gaap:TreasuryStockMember 2018-12-31 0000732712 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2018-12-31 0000732712 us-gaap:DeferredCompensationShareBasedPaymentsMember 2019-03-31 0000732712 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000732712 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0000732712 us-gaap:AccumulatedTranslationAdjustmentMember 2019-03-31 0000732712 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-03-31 0000732712 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-03-31 0000732712 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000732712 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-03-31 0000732712 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0000732712 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0000732712 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-03-31 0000732712 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-03-31 0000732712 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0000732712 vz:StraightPathCommunicationsIncMember 2018-02-01 2018-02-28 0000732712 us-gaap:OperatingSegmentsMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:IntersegmentEliminationMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember us-gaap:ProductMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:OperatingSegmentsMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember us-gaap:ProductMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember us-gaap:ServiceMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:BusinessGlobalEnterpriseMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:OperatingSegmentsMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:WholesaleMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:IntersegmentEliminationMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:WholesaleMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:SmallAndMediumBusinessMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:PublicSectorAndOtherMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:ConsumerOtherMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember us-gaap:ServiceMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:IntersegmentEliminationMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:ConsumerOtherMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:SmallAndMediumBusinessMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember 2019-01-01 2019-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:PublicSectorAndOtherMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-03-31 0000732712 vz:ExternalOperatingRevenuesMember vz:BusinessGlobalEnterpriseMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:IntersegmentEliminationMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 vz:ServiceAndOtherMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 us-gaap:ProductMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:ServiceAndOtherMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 us-gaap:ProductMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:CorporateAndReconcilingItemsMember 2019-01-01 2019-03-31 0000732712 srt:ConsolidationEliminationsMember 2019-01-01 2019-03-31 0000732712 vz:CorporateAndReconcilingItemsMember 2018-01-01 2018-03-31 0000732712 srt:ConsolidationEliminationsMember 2018-01-01 2018-03-31 0000732712 vz:FiosRevenuesMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 vz:FiosRevenuesMember 2018-01-01 2018-03-31 0000732712 vz:FiosRevenuesMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 vz:FiosRevenuesMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:FiosRevenuesMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:FiosRevenuesMember 2019-01-01 2019-03-31 0000732712 vz:WirelessServiceMember vz:VerizonConsumerGroupMember 2019-01-01 2019-03-31 0000732712 vz:WirelessServiceMember vz:VerizonBusinessGroupMember 2018-01-01 2018-03-31 0000732712 vz:WirelessServiceMember vz:VerizonBusinessGroupMember 2019-01-01 2019-03-31 0000732712 vz:WirelessServiceMember 2018-01-01 2018-03-31 0000732712 vz:WirelessServiceMember vz:VerizonConsumerGroupMember 2018-01-01 2018-03-31 0000732712 vz:WirelessServiceMember 2019-01-01 2019-03-31 iso4217:USD iso4217:USD xbrli:shares vz:Lease vz:segment iso4217:EUR iso4217:GBP xbrli:pure xbrli:shares vz:Agreement vz:Employee vz:legal_matter
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 _____________________________________________________________________________
FORM 8-K
 
 ______________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 8, 2019
(Date of earliest event reported)
 ______________________________________________________________________________
Verizon Communications Inc.
(Exact name of registrant as specified in its charter)
 _______________________________________________________________________________  
 
 
 
 
Delaware
1-8606
23-2259884
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
 
 
 
1095 Avenue of the Americas
 
10036
New York
New York
 
 
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (212395-1000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 


Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Exchange on Which Registered
Common Stock, par value $0.10
 
VZ
 
New York Stock Exchange
Common Stock, par value $0.10
 
VZ
 
The NASDAQ Global Select Market
2.375% Notes due 2022
 
VZ22A
 
New York Stock Exchange
0.500% Notes due 2022
 
VZ22B
 
New York Stock Exchange
1.625% Notes due 2024
 
VZ24B
 
New York Stock Exchange
4.073% Notes due 2024
 
VZ24C
 
New York Stock Exchange
0.875% Notes due 2025
 
VZ25
 
New York Stock Exchange
3.25% Notes due 2026
 
VZ26
 
New York Stock Exchange
1.375% Notes due 2026
 
VZ26B
 
New York Stock Exchange
0.875% Notes due 2027
 
VZ27E
 
New York Stock Exchange
1.375% Notes due 2028
 
VZ28
 
New York Stock Exchange
1.875% Notes due 2029
 
VZ29B
 
New York Stock Exchange
1.250% Notes due 2030
 
VZ30
 
New York Stock Exchange
2.625% Notes due 2031
 
VZ31
 
New York Stock Exchange
2.500% Notes due 2031
 
VZ31A
 
New York Stock Exchange
4.75% Notes due 2034
 
VZ34
 
New York Stock Exchange
3.125% Notes due 2035
 
VZ35
 
New York Stock Exchange
3.375% Notes due 2036
 
VZ36A
 
New York Stock Exchange
2.875% Notes due 2038
 
VZ38B
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period or complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01. Other Events.
 
In November 2018, Verizon Communications Inc. (Verizon or the Company) announced a strategic reorganization of its business. Under the new structure, effective April 1, 2019, there are two reportable segments that Verizon operates and manages as strategic business units - Verizon Consumer Group and Verizon Business Group.

The Company is filing this Current Report on Form 8-K to recast certain financial and related information included in Verizon’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 (the 2019 Q1 Form 10-Q) to reflect the new operating structure.

In Exhibit 99 to this Report, the Company has updated the following items contained in the 2019 Q1 Form 10-Q:
Part I. Item 1. Financial Statements (Unaudited)
Part I. Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

This Report does not reflect events occurring after the April 26, 2019 filing date of the 2019 Q1 Form 10-Q and does not modify or update the disclosures therein except to present the new operating structure. For developments since the filing of the 2019 Q1 Form 10-Q, refer to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019, and its Current Reports on Form 8-K filed subsequent to the 2019 Q1 Form 10-Q.




 

Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
  
 
 
 
Exhibit
Number
  
Description
 
 
99
 
Revisions to Verizon's Quarterly Report on Form 10-Q the quarter ended March 31, 2019:
    Revised Part I. Item 1. Financial Statements (Unaudited)
    Revised Part I. Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
 
 
 
101.INS
 
XBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.
 
 
 
101.SCH
 
XBRL Taxonomy Extension Schema Document.
 
 
 
101.PRE
 
XBRL Taxonomy Presentation Linkbase Document.
 
  
 
101.CAL
 
XBRL Taxonomy Calculation Linkbase Document.
 
 
 
101.LAB
 
XBRL Taxonomy Label Linkbase Document.
 
 
 
101.DEF
 
XBRL Taxonomy Extension Definition Linkbase Document.
 
 
 
104
 
Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101).






 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
 
 
 
 
Verizon Communications Inc.
 
 
 
 
 
 
(Registrant)
 
 
 
 
 
Date:
 
August 8, 2019
 
 
 
/s/ Anthony T. Skiadas
 
 
 
 
 
 
     Anthony T. Skiadas
 
 
 
 
 
 
     Senior Vice President and Controller




 


EXHIBIT INDEX
 
 
 
Exhibit
Number
  
Description
 
 
  
Revisions to Verizon's Quarterly Report on Form 10-Q the quarter ended March 31, 2019:
Revised Part I. Item 1. Financial Statements (Unaudited)
Revised Part I. Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
 
 
 
101.INS
 
XBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.
 
 
 
101.SCH
 
XBRL Taxonomy Extension Schema Document.
 
 
 
101.PRE
 
XBRL Taxonomy Presentation Linkbase Document.
 
 
 
101.CAL
 
XBRL Taxonomy Calculation Linkbase Document.
 
 
 
101.LAB
 
XBRL Taxonomy Label Linkbase Document.
 
 
 
101.DEF
 
XBRL Taxonomy Extension Definition Linkbase Document.
 
 
 
104
 
Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101).