v3.7.0.1
Equity and Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2017
Schedule of Changes in Components of Total Equity

Changes in the components of Total equity were as follows:

 

        Attributable     Noncontrolling     Total  
(dollars in millions)        to Verizon     Interests     Equity  

Balance at January 1, 2017

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

Net income

      7,812       219       8,031  

Other comprehensive loss

        (389     -       (389

Comprehensive income

      7,423       219       7,642  

Contributed capital

      (83     -       (83

Dividends declared

      (4,712     -       (4,712

Common stock in treasury

      121       -       121  

Distributions and other

      (84     (155     (239

Balance at June 30, 2017

      $ 25,189     $ 1,572     $ 26,761  

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, 2017

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

Other comprehensive income

     88     331      13       -       432  

Amounts reclassified to net income

     -     (529)      (19     (273     (821
  

 

 

 

Net other comprehensive income (loss)

     88     (198)      (6     (273     (389
  

 

 

 

Balance at June 30, 2017

   $ (625   $                  (278)    $ 40     $ 3,147     $  2,284