Equity and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014		$	38,836			$	56,580			$	95,416

Net income			8,161				2,149				10,310
Other comprehensive loss			(1,170	)			(23	)			(1,193	)

Comprehensive income			6,991				2,126				9,117


Issuance of common stock			127				–				127
Contributed capital			(26,901	)			–				(26,901	)
Dividends declared			(4,392	)			–				(4,392	)
Common stock in treasury			323				–				323
Purchase of noncontrolling interest			–				(55,960	)			(55,960	)
Distributions and other			(83	)			(1,635	)			(1,718	)

Balance at June 30, 2014		$	14,901			$	1,111			$	16,012

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 gain on marketable securities				Defined benefit pension and postretirement plans				Total
Balance at January 1, 2014		$	853			$	113			$	117			$	1,275			$	2,358
Other comprehensive income (loss)			(29	)			(21	)			22				–				(28	)
Amounts reclassified to net income			(911	)			(143	)			(10	)			(78	)			(1,142	)

Net other comprehensive income (loss)			(940	)			(164	)			12				(78	)			(1,170	)

Balance at June 30, 2014		$	(87	)		$	(51	)		$	129			$	1,197			$	1,188