Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Verizon Communications Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	12,095)	21,748)	22,618)	18,348)	19,788)
Foreign currency translation adjustments, net of tax	62)	(153)	(141)	180)	16)
Unrealized gain (loss) on cash flow hedges, net of tax	88)	322)	(85)	(571)	(736)
Unrealized gain (loss) on fair value hedges, net of tax	536)	(431)	—)	—)	—)
Unrealized gain (loss) on marketable securities, net of tax	7)	(25)	(9)	(2)	7)
Defined benefit pension and postretirement plans, net of tax	(208)	(651)	(621)	(676)	(659)
Other comprehensive income (loss), net of tax	485)	(938)	(856)	(1,069)	(1,372)
Comprehensive income	12,580)	20,810)	21,762)	17,279)	18,416)
Comprehensive income attributable to noncontrolling interests	(481)	(492)	(553)	(547)	(523)
Comprehensive income attributable to Verizon	12,099)	20,318)	21,209)	16,732)	17,893)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Comprehensive income item	Description	The company
Net income attributable to Verizon	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Verizon Communications Inc. net income attributable to Verizon decreased from 2021 to 2022 and from 2022 to 2023.
Comprehensive income attributable to Verizon	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Verizon Communications Inc. comprehensive income attributable to Verizon decreased from 2021 to 2022 and from 2022 to 2023.

Verizon Communications Inc. (NYSE:VZ)

Statement of Comprehensive Income