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Common-Size Balance Sheet: Assets
|Balance sheet item||Description||The company|
|Current assets||Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.||Verizon Communications Inc.’s current assets as a percentage of total assets decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.|
|Plant, property and equipment, net||Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.||Verizon Communications Inc.’s plant, property and equipment, net as a percentage of total assets decreased from 2018 to 2019 and from 2019 to 2020.|
|Non-current assets||Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.||Verizon Communications Inc.’s non-current assets as a percentage of total assets increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.|