Verizon offers a wide range of benefits for its employees such as pensions, postretirement health care, and life insurance benefit plans. The company's benefit obligations nearly 13.2 billion U.S. dollars in 2023, down from 33.28 billion U.S. dollars in 2014.
Verizon Communications' employee benefit obligations from 2014 to 2023
(in billion U.S. dollars)
Characteristic
Employee benefit obligations in billion U.S. dollars
2023
13.19
2022
12.97
2021
15.41
2020
18.66
2019
17.95
2018
18.6
2017
22.11
2016
26.17
2015
29.96
2014
33.28
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Verizon. (January 23, 2024). Verizon Communications' employee benefit obligations from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 09, 2025, from https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/
Verizon. "Verizon Communications' employee benefit obligations from 2014 to 2023 (in billion U.S. dollars)." Chart. January 23, 2024. Statista. Accessed May 09, 2025. https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/
Verizon. (2024). Verizon Communications' employee benefit obligations from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 09, 2025. https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/
Verizon. "Verizon Communications' Employee Benefit Obligations from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Jan 2024, https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/
Verizon, Verizon Communications' employee benefit obligations from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/ (last visited May 09, 2025)
Verizon Communications' employee benefit obligations from 2014 to 2023 (in billion U.S. dollars) [Graph], Verizon, January 23, 2024. [Online]. Available: https://www.statista.com/statistics/1058714/verizon-employee-benefit-obligations/
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