Support Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications Inc. provides the following footnote relating to adoption of the new lease accounting standards (Topic 842) in its 10-Q report for the quarter ended March 31, 2019. The cumulative after-tax effect of the changes made to our condensed consolidated balance sheet for the adoption of Topic 842 were as follows: Adjustments ($ millions) At Dec. 31, 2018 due to Topic 842 Prepaid expenses and other $6,544 $(395) Operating lease right-of- 27,889 use assets ($ millions) Prepaid expenses and other Operating lease right-of-use assets Other assets Accounts payable and accrued liabilities Other current liabilities Current operating lease liabilities Deferred income taxes Adjustments At Dec. 31, 2018 due to Topic 842 At Jan. 1, 2019 $6,544 $(395) $6,149 27,889 27,889 14,060 (2,458) 11,602 22,501 (3) 22,498 8,239 (2) 8,237 3,517 3,517 33,795 139 33,934 AAA