ConsolidatedStatementsofChangesinEquity (dollars in millions, except per share amounts, and shares in thousands) Years Ended December 31, 2017 2016 2015 Shares Amount Shares Amount Shares Amount Common Stock Balance at beginning of year 4,242,374 $ 424 4,242,374 $ 424 4,242,374 $ 424 Balance at end of year 4,242,374 424 4,242,374 424 4,242,374 424 Additional Paid In Capital Balance at beginning of year 11,182 11,196 11,155 Other (81) (14) 41 Balance at end of year 11,101 11,182 11,196 Retained Earnings Balance at beginning of year 15,059 11,246 2,447 Net income attributable to Verizon 30,101 13,127 17,879 Dividends declared ($2.335, $2.285, $2.23) per share (9,525) (9,314) (9,080) Balance at end of year 35,635 15,059 11,246 Accumulated Other Comprehensive Income Balance at beginning of year attributable to Verizon 2,673 550 1,111 Foreign currency translation adjustments 245 (159) (208) Unrealized gains (losses) on cash flow hedges (31) 198 (194) Unrealized losses on marketable securities (14) (55) (11) Defined benefit pension and postretirement plans (214) 2,139 (148) Other comprehensive income (loss) (14) 2,123 (561) Balance at end of year attributable to Verizon 2,659 2,673 550 Treasury Stock Balance at beginning of year (165,690) (7,263) (169,199) (7,416) (87,410) (3,263) Shares purchased (104,402) (5,134) Employee plans (Note 14) 2,787 124 3,439 150 17,072 740 Shareowner plans (Note 14) 5 70 3 5,541 241 Balance at end of year (162,898) (7,139) (165,690) (7,263) (169,199) (7,416) Deferred Compensation-ESOPs and Other Balance at beginning of year 449 428 424 Restricted stock equity grant 157 223 208 Amortization (190) (202) (204) Balance at end of year 416 449 428 Noncontrolling Interests Balance at beginning of year 1,508 1,414 1,378 Net income attributable to noncontrolling interests 449 481 496 Total comprehensive income 449 481 496 Distributions and other (366) (387) (460) Balance at end of year 1,591 1,508 1,414 Total Equity $ 44,687 $ 24,032 $ 17,842 See Notes to Consolidated Financial Statements 2017 Annual Report | Verizon Communications Inc. and Subsidiaries 51
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