VERIZON COMMUNICATIONS INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
VZ$46.31+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income
Verizon Communications Inc. and Subsidiaries
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (dollars in millions) (unaudited) | 2024 | 2023 |
| Net Income | $4,722 | $5,018 |
| Other Comprehensive Income (Loss), Net of Tax (Expense) Benefit | ||
| Foreign currency translation adjustments, net of tax of $(5) and $3 | (50) | 26 |
| Unrealized gain on cash flow hedges, net of tax of $(11) and $(7) | 35 | 21 |
| Unrealized gain (loss) on fair value hedges, net of tax of $(68) and $103 | 200 | (302) |
| Unrealized gain (loss) on marketable securities, net of tax of $0 and $(1) | (2) | 4 |
| Defined benefit pension and postretirement plans, net of tax of $1 and $15 | (2) | (61) |
| Other comprehensive income (loss) attributable to Verizon | 181 | (312) |
| Total Comprehensive Income | $4,903 | $4,706 |
| Comprehensive income attributable to noncontrolling interests | $120 | $109 |
| Comprehensive income attributable to Verizon | 4,783 | 4,597 |
| Total Comprehensive Income | $4,903 | $4,706 |
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