VZ » Topics » Fair Values of Financial Instruments

This excerpt taken from the VZ 10-K filed Feb 28, 2008.

Fair Values of Financial Instruments

 

The tables that follow provide additional information about our significant financial instruments:

 

Financial Instrument    Valuation Method

Cash and cash equivalents and short-term investments

   Carrying amounts

Short- and long-term debt (excluding capital leases)

  

Market quotes for similar terms and maturities or future cash flows discounted at current rates

Cost investments in unconsolidated businesses, derivative assets and liabilities and notes receivable

  

Future cash flows discounted at current rates, market quotes for similar instruments or other valuation models

 

     (dollars in millions)
At December 31,         2007         2006
     Carrying
Amount
   Fair Value    Carrying
Amount
   Fair Value

Short- and long-term debt

   $  30,845    $  32,380    $  36,000    $  37,165

Cost investments in unconsolidated businesses

   315    315    270    270

Short- and long-term derivative assets

   61    61    31    31

Short- and long-term derivative liabilities

   57    57    10    10


Note 13

Earnings Per Share and Shareowners’ Investment

 

"Fair Values of Financial Instruments" elsewhere:

China Telecom (CHA)
EarthLink (ELNK)
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