v3.4.0.3
Equity and Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016

   $ 16,428      $ 1,414      $ 17,842   

Net income

     4,310        120        4,430   

Other comprehensive loss

     (91            (91
  

 

 

 

Comprehensive income

     4,219        120        4,339   
  

 

 

 

Contributed capital

     (5            (5

Dividends declared

     (2,303            (2,303

Common stock in treasury

     137               137   

Distributions and other

     165        (72     93   
  

 

 

 

Balance at March 31, 2016

   $   18,641      $   1,462      $   20,103   
  

 

 

 
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, 2016

   $   (554   $   (278   $   101      $   1,281      $    550   

Other comprehensive income (loss)

     30        75        (2            103   

Amounts reclassified to net income

            (133     (16     (45     (194
  

 

 

 

Net other comprehensive income (loss)

     30        (58     (18     (45     (91
  

 

 

 

Balance at March 31, 2016

   $ (524   $ (336   $ 83      $ 1,236      $ 459