Equity and Accumulated Other Comprehensive Loss (Tables)

Changes in the components of Total equity were as follows:



	Three Months Ended March 31,
		2026			2025
(dollars in millions, except per share amounts, and shares in thousands)	Shares	Amount		Shares	Amount
Common Stock
Balance at beginning of period	4,291,434	$	429	4,291,434	$	429

Balance at end of period	4,291,434	429		4,291,434	429

Additional Paid In Capital
Balance at beginning of period		13,372			13,466

Other		(109)			(51)
Balance at end of period		13,263			13,415

Retained Earnings
Balance at beginning of period		94,744			89,110


Net income attributable to Verizon		5,045			4,879
Dividends declared ($0.7075, $0.6775 per share)		(2,965)			(2,861)

Balance at end of period		96,824			91,128

Accumulated Other Comprehensive Loss
Balance at beginning of period attributable to Verizon		(1,727)			(923)


Foreign currency translation adjustments		(28)			67
Unrealized gain on cash flow hedges		23			21
Unrealized loss on fair value hedges		(188)			(653)
Unrealized loss on marketable securities		(3)			1
Defined benefit pension and postretirement plans		(449)			(2)
Other comprehensive loss		(645)			(566)
Balance at end of period attributable to Verizon		(2,372)			(1,489)

Treasury Stock
Balance at beginning of period	(74,258)	(3,255)		(81,753)	(3,583)
Shares purchased	(50,758)	(2,500)		—	—
Employee plans	9,142	420		6,575	288


Balance at end of period	(115,874)	(5,335)		(75,178)	(3,295)

Deferred Compensation-ESOPs and Other
Balance at beginning of period		897			738
Restricted stock equity grant		141			191
Amortization		(538)			(395)
Balance at end of period		500			534

Noncontrolling Interests
Balance at beginning of period		1,281			1,338





Total comprehensive income		101			104
Distributions and other		(69)			(127)
Balance at end of period		1,313			1,315
Total Equity		$	104,622		$	102,037

The changes in the balances of Accumulated other comprehensive loss by component were as follows:


(dollars in millions)	Foreign currency translation adjustments		Unrealized gain (loss) on cash flow hedges		Unrealized loss on fair value hedges		Unrealized loss on marketable securities		Defined benefit pension and postretirement plans		Total
Balance at January 1, 2026	$	(607)	$	(989)	$	(328)	$	—	$	197	$	(1,727)


Excluded components recognized in other comprehensive income	—		—		(172)		—		—		(172)
Other comprehensive loss	(28)		—		—		(3)		(451)		(482)
Amounts reclassified to net income	—		23		(16)		—		2		9
Net other comprehensive income (loss)	(28)		23		(188)		(3)		(449)		(645)
Balance at March 31, 2026	$	(635)	$	(966)	$	(516)	$	(3)	$	(252)	$	(2,372)