v3.7.0.1
Equity and Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017

   $ 22,524     $ 1,508     $ 24,032  

Net income

     3,450       103       3,553  

Other comprehensive loss

     (64           (64
  

 

 

 

Comprehensive income

     3,386       103       3,489  
  

 

 

 

Contributed capital

     (21           (21

Dividends declared

     (2,356           (2,356

Common stock in treasury

     119             119  

Distributions and other

     (159     (67     (226
  

 

 

 

Balance at March 31, 2017

   $   23,493     $   1,544     $   25,037  
  

 

 

 

 

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, 2017

   $ (713   $ (80   $ 46      $   3,420     $   2,673  

Other comprehensive income

     77          83       6              166  

Amounts reclassified to net income

           (101     8        (137     (230
  

 

 

 

Net other comprehensive income (loss)

     77       (18     14        (137     (64
  

 

 

 

Balance at March 31, 2017

   $   (636   $ (98   $    60      $ 3,283     $ 2,609