v3.26.1
Investments in Master Trust
 12 Months Ended
Dec. 31, 2025
EBP 011  
EBP, Master Trust [Line Items]  
Investments in Master Trust
3. Investments in Master Trust
The Plan’s investments are held in the Master Trust. The Plan’s participating interest in the investment funds of the Master Trust is based on account balances of the participants and their elected investment funds. The net assets of the Master Trust, which may include receivables and payables from unsettled trades, are allocated by assigning to each plan participating in the Master Trust those transactions that can be specifically identified as related to the plan, such as contributions, benefit payments, and plan-specific expenses. The income and expenses resulting from the collective investments of the Master Trust's assets are allocated in proportion to the fair value of the assets assigned to such plan.
On a monthly basis, investments, investment income and expenses are allocated to the Plan in accordance with its specific interest in the Master Trust. Investment fees are charged against the earnings of the funds and portfolios.
The Plan’s interest in the investments in the Master Trust is reported as “Plan interest in Verizon Master Savings Trust” in the Statements of Net Assets Available for Benefits. The related investment gains (losses) are reported within “Net increase in Plan's interest in Verizon Master Savings Trust” in the Statement of Changes in Net Assets Available for Benefits.
Cash receipts and payments derived from investment trades involving foreign currency denominated investments are translated into U.S. dollars at the prevailing exchange rate on the respective transaction date. Net realized gains and losses on foreign currency transactions, upon disposition of foreign currency denominated investments, arise as a result of fluctuations in foreign exchange rates between the trade and settlement dates and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received.
The foreign exchange effect on foreign currency denominated investments is not segregated from the impact of changes in market prices in the Statement of Changes in Net Assets Available for Benefits.
The following table presents the net assets of the Master Trust and the Plan’s interest in the Master Trust as of December 31, 2025 and 2024 (in thousands), respectively:
December 31, 2025December 31, 2024
Master Trust Balances
Plan's Interest in Master Trust Balances
Master Trust Balances
Plan's Interest in Master Trust Balances
  Cash and cash equivalents$1,765,614 $260,728 $1,767,488 $259,906 
  U.S. government securities3,196,919 472,089 2,765,873 406,718 
  Preferred debt securities778,496 114,960 765,080 112,504 
  Other debt securities1,036,142 153,007 1,060,410 155,932 
  Preferred stock44,560 6,580 34,505 5,074 
  Common stock6,135,376 906,010 9,699,087 1,426,238 
  Verizon common stock3,782,978 558,632 3,871,715 569,331 
  Common/collective trusts22,073,102 3,259,532 16,479,964 2,423,357 
  Pooled separate accounts925,667 136,693 756,563 111,252 
  Mutual funds971,145 143,409 783,662 115,236 
  Other365,004 53,900 303,357 44,608 
Total investments in the Verizon Savings Master Trust at fair value$41,075,003 $6,065,540 $38,287,704 $5,630,156 
  Receivables3,782,771 266,565 1,709,036 24,498 
  Payables(4,515,902)(662,401)(2,334,686)(408,617)
Total net assets in Verizon Master Savings Trust at fair value$40,341,872 $5,669,704 $37,662,054 $5,246,037 
  Fully benefit-responsive investment contracts630,899 380,731 638,484 385,969 
Total investments in the Verizon Master Savings Trust at contract value$630,899 $380,731 $638,484 $385,969 
Total investments$40,972,771 $6,050,435 $38,300,538 $5,632,006 
The total Master Trust's net appreciation was $4.6 billion for the year ended December 31, 2025. Interest and dividend income for the Master Trust was $657.4 million for the year ended December 31, 2025.