| Combined Schedule of Current and Noncurrent Debt and Capital Lease Obligations |
Changes to debt during the three months ended March 31,
2016 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in
millions) |
|
Debt Maturing
within One Year |
|
|
Long-term
Debt |
|
|
Total |
|
|
Balance at
January 1, 2016
|
|
$ |
6,489 |
|
|
$ |
103,240 |
|
|
$ |
109,729 |
|
|
Repayments of long-term
borrowings and capital leases obligations
|
|
|
(376 |
) |
|
|
– |
|
|
|
(376 |
) |
|
Decrease in short-term
obligations, excluding current maturities
|
|
|
(40 |
) |
|
|
– |
|
|
|
(40 |
) |
|
Reclassifications of
long-term debt
|
|
|
81 |
|
|
|
(81 |
) |
|
|
– |
|
|
Other
|
|
|
111 |
|
|
|
456 |
|
|
|
567 |
|
|
|
|
|
|
|
Balance at
March 31, 2016
|
|
$ |
6,265 |
|
|
$ |
103,615 |
|
|
$ |
109,880 |
|
|
|
|
|
|
|
| Schedule of Notes included in the Tender Offers |
The table
below lists the series of notes included in the Group 1 Any and All
Offer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in
millions, except for Purchase Price) |
|
Interest
Rate |
|
|
Maturity |
|
|
Principal
Amount
Outstanding |
|
|
Purchase
Price (1)
|
|
|
Principal
Amount
Purchased |
|
|
Verizon Communications
Inc.
|
|
|
2.50 |
% |
|
|
2016 |
|
|
$ |
2,182 |
|
|
$ |
1,007.60 |
|
|
$ |
1,272 |
|
|
|
|
2.00 |
% |
|
|
2016 |
|
|
|
1,250 |
|
|
|
1,007.20 |
|
|
|
731 |
|
|
|
|
6.35 |
% |
|
|
2019 |
|
|
|
1,750 |
|
|
|
1,133.32 |
|
|
|
970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Per $1,000 principal amount of notes tendered and not
withdrawn prior to early expiration.
|
The table
below lists the series of notes included in the Group 2 Any and All
Offer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in
millions, except for Purchase Price) |
|
Interest
Rate |
|
|
Maturity |
|
|
Principal
Amount
Outstanding |
|
|
Purchase
Price (1)
|
|
|
Principal
Amount
Purchased |
|
|
Verizon Delaware
LLC
|
|
|
8.375 |
% |
|
|
2019 |
|
|
$ |
15 |
|
|
$ |
1,182.11 |
|
|
$ |
15 |
|
|
|
|
8.625 |
% |
|
|
2031 |
|
|
|
15 |
|
|
|
1,365.39 |
|
|
|
5 |
|
|
|
|
|
|
|
|
Verizon Maryland
LLC
|
|
|
8.00 |
% |
|
|
2029 |
|
|
|
50 |
|
|
|
1,301.32 |
|
|
|
22 |
|
|
|
|
8.30 |
% |
|
|
2031 |
|
|
|
100 |
|
|
|
1,347.26 |
|
|
|
76 |
|
|
|
|
5.125 |
% |
|
|
2033 |
|
|
|
350 |
|
|
|
1,012.50 |
|
|
|
171 |
|
|
|
|
|
|
|
|
Verizon New England
Inc.
|
|
|
7.875 |
% |
|
|
2029 |
|
|
|
349 |
|
|
|
1,261.63 |
|
|
|
176 |
|
|
|
|
|
|
|
|
Verizon New Jersey
Inc.
|
|
|
8.00 |
% |
|
|
2022 |
|
|
|
200 |
|
|
|
1,238.65 |
|
|
|
54 |
|
|
|
|
7.85 |
% |
|
|
2029 |
|
|
|
149 |
|
|
|
1,311.32 |
|
|
|
63 |
|
|
|
|
|
|
|
|
Verizon New York
Inc.
|
|
|
6.50 |
% |
|
|
2028 |
|
|
|
100 |
|
|
|
1,151.71 |
|
|
|
28 |
|
|
|
|
7.375 |
% |
|
|
2032 |
|
|
|
500 |
|
|
|
1,201.92 |
|
|
|
256 |
|
|
|
|
|
|
|
|
Verizon Pennsylvania
LLC
|
|
|
6.00 |
% |
|
|
2028 |
|
|
|
125 |
|
|
|
1,110.47 |
|
|
|
57 |
|
|
|
|
8.35 |
% |
|
|
2030 |
|
|
|
175 |
|
|
|
1,324.10 |
|
|
|
127 |
|
|
|
|
8.75 |
% |
|
|
2031 |
|
|
|
125 |
|
|
|
1,356.47 |
|
|
|
72 |
|
|
|
|
|
|
|
|
Verizon Virginia
LLC
|
|
|
7.875 |
% |
|
|
2022 |
|
|
|
100 |
|
|
|
1,227.79 |
|
|
|
43 |
|
|
|
|
8.375 |
% |
|
|
2029 |
|
|
|
100 |
|
|
|
1,319.78 |
|
|
|
81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,246 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Per $1,000 principal amount of notes tendered and not
withdrawn prior to early expiration.
|
The table below lists the series of notes included in the Group
3 Offer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in
millions, except for Purchase Price) |
|
Interest
Rate |
|
|
Maturity |
|
|
Principal
Amount
Outstanding |
|
|
Purchase
Price (1)
|
|
|
Principal
Amount
Purchased |
|
|
Verizon Communications
Inc.
|
|
|
8.95 |
% |
|
|
2039 |
|
|
$ |
353 |
|
|
$ |
1,506.50 |
|
|
$ |
63 |
|
|
|
|
7.75 |
% |
|
|
2032 |
|
|
|
251 |
|
|
|
1,315.19 |
|
|
|
33 |
|
|
|
|
7.35 |
% |
|
|
2039 |
|
|
|
480 |
|
|
|
1,293.50 |
|
|
|
68 |
|
|
|
|
7.75 |
% |
|
|
2030 |
|
|
|
1,206 |
|
|
|
1,377.92 |
|
|
|
276 |
|
|
|
|
6.55 |
% |
|
|
2043 |
|
|
|
6,585 |
|
|
|
1,291.74 |
|
|
|
2,340 |
|
|
|
|
6.40 |
% |
|
|
2033 |
|
|
|
2,196 |
|
|
|
1,220.28 |
|
|
|
466 |
|
|
|
|
6.90 |
% |
|
|
2038 |
|
|
|
477 |
|
|
|
1,243.29 |
|
|
|
92 |
|
|
|
|
6.25 |
% |
|
|
2037 |
|
|
|
750 |
|
|
|
1,167.66 |
|
|
|
114 |
|
|
|
|
6.40 |
% |
|
|
2038 |
|
|
|
866 |
|
|
|
1,176.52 |
|
|
|
116 |
|
|
|
|
5.85 |
% |
|
|
2035 |
|
|
|
1,500 |
|
|
|
1,144.68 |
|
|
|
250 |
|
|
|
|
6.00 |
% |
|
|
2041 |
|
|
|
1,000 |
|
|
|
1,164.56 |
|
|
|
– |
|
|
|
|
5.15 |
% |
|
|
2023 |
|
|
|
8,517 |
|
|
|
1,152.83 |
|
|
|
– |
|
|
|
|
|
|
|
|
Alltel
Corporation
|
|
|
7.875 |
% |
|
|
2032 |
|
|
|
452 |
|
|
|
1,322.92 |
|
|
|
115 |
|
|
|
|
6.80 |
% |
|
|
2029 |
|
|
|
235 |
|
|
|
1,252.93 |
|
|
|
47 |
|
|
|
|
|
|
|
|
GTE
Corporation
|
|
|
6.94 |
% |
|
|
2028 |
|
|
|
800 |
|
|
|
1,261.35 |
|
|
|
237 |
|
|
|
|
8.75 |
% |
|
|
2021 |
|
|
|
300 |
|
|
|
1,307.34 |
|
|
|
93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Per $1,000 principal amount of notes
|
|