Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt

Changes to debt during 2017 are as follows:

	(dollars in millions)
	Debt Maturing within One  Year			Long-term Debt			Total
Balance at January 1, 2017	$	2,645		$	105,433		$	108,078
Proceeds from long-term borrowings	103			27,604			27,707
Proceeds from asset-backed long-term borrowings	—			4,290			4,290
Repayments of long-term borrowings and capital leases obligations	(8,191		)	(15,646		)	(23,837		)
Repayments of asset-backed long-term borrowings	(400		)	—			(400		)
Decrease in short-term obligations, excluding current maturities	(170		)	—			(170		)
Reclassifications of long-term debt	9,255			(9,255		)	—
Other	211			1,216			1,427
Balance at December 31, 2017	$	3,453		$	113,642		$	117,095

Debt Maturing within One Year

Debt maturing within one year is as follows:

	(dollars in millions)
At December 31,	2017		2016
Long-term debt maturing within one year	$	3,303	$	2,477
Short-term notes payable	150		168
Total debt maturing within one year	$	3,453	$	2,645

Schedule of Long-term Debt Instruments

Outstanding long-term debt obligations are as follows:

			(dollars in millions)
At December 31,	Interest  Rates %	Maturities	2017			2016
Verizon—notes payable and other	1.38 – 3.96	2018 – 2047	$	31,370		$	28,491
	4.09 – 5.51	2020 – 2055	67,906			53,909
	5.82 – 6.90	2026 – 2054	5,835			11,295
	7.35 – 8.95	2029 – 2039	1,106			1,860
	Floating	2018 – 2025	6,684			9,750
Verizon Wireless—Alltel assumed notes	6.80 – 7.88	2029 – 2032	234			525
Telephone subsidiaries—debentures	5.13 – 6.50	2028 – 2033	226			319
	7.38 – 7.88	2022 – 2032	341			561
	8.00 – 8.75	2022 – 2031	229			328
Other subsidiaries—notes payable, debentures and other	6.70 – 8.75	2018 – 2028	748			1,102
Verizon Wireless and other subsidiaries—asset-backed debt	1.42 – 2.65	2021 – 2022	6,293			2,485
	Floating	2021 – 2022	2,620			2,520
Capital lease obligations (average rate of 3.6% and 3.5% in 2017 and 2016, respectively)			1,020			950
Unamortized discount, net of premium			(7,133		)	(5,716		)
Unamortized debt issuance costs			(534		)	(469		)
Total long-term debt, including current maturities			116,945			107,910
Less long-term debt maturing within one year			3,303			2,477
Total long-term debt			$	113,642		$	105,433

Schedule of Assets and Liabilities Related to Asset-backed Debt Arrangements

The assets and liabilities related to our asset-backed debt arrangements included on our consolidated balance sheets were as follows:

	(dollars in millions)
At December 31,	2017		2016
Assets
Account receivable, net	$	8,101	$	3,383
Prepaid expenses and other	636		236
Other Assets	2,680		2,383
Liabilities
Accounts payable and accrued liabilities	5		4
Short-term portion of long-term debt	1,932		—
Long-term debt	6,955		4,988

Maturities of Long-term Debt excluding Unamortized Debt Issuance Costs

Maturities of long-term debt outstanding, excluding unamortized debt issuance costs, at December 31, 2017 are as follows:

Years	(dollars in millions)
2018	$	3,308
2019	6,306
2020	6,587
2021	6,403
2022	9,520
Thereafter	85,355