Equity and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Changes in Components of Total Equity

Changes in the components of Total equity were as follows:

(dollars in millions)	Attributable to Verizon			Noncontrolling Interests			Total Equity
Balance at January 1, 2015	$	12,298		$	1,378		$	13,676
Net income		8,450			241			8,691
Other comprehensive loss		(290	)		–			(290	)
Comprehensive income		8,160			241			8,401
Contributed capital		12			–			12
Dividends declared		(4,479	)		–			(4,479	)
Common stock in treasury		(4,478	)		–			(4,478	)
Distributions and other		(98	)		(160	)		(258	)
Balance at June 30, 2015	$	11,415		$	1,459		$	12,874

Schedule of Components in Accumulated Other Comprehensive Income

The changes in the balances of Accumulated other comprehensive income by component are as follows:

(dollars in millions)	Foreign currency translation adjustments			Unrealized loss on cash flow hedges			Unrealized loss on marketable securities			Defined benefit pension and postretirement plans			Total
Balance at January 1, 2015	$	(346	)	$	(84	)	$	112		$	1,429		$	1,111
Other comprehensive loss		(87	)		(138	)		–			–			(225	)
Amounts reclassified to net income		–			32			(9	)		(88	)		(65	)
Net other comprehensive loss		(87	)		(106	)		(9	)		(88	)		(290	)
Balance at June 30, 2015	$	(433	)	$	(190	)	$	103		$	1,341		$	821