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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 2,365 $ 2,065
Accounts receivable 26,380 26,102
Less Allowance for credit losses 1,061 1,017
Accounts receivable, net of allowance 25,319 25,085
Inventories 2,076 2,057
Prepaid expenses and other 8,197 7,607
Total current assets 37,957 36,814
Property, plant and equipment 322,266 320,108
Less Accumulated depreciation 214,403 211,798
Property, plant and equipment, net 107,863 108,310
Investments in unconsolidated businesses 941 953
Wireless licenses 156,111 155,667
Goodwill 22,842 22,843
Other intangible assets, net 10,835 11,057
Operating lease right-of-use assets 24,351 24,726
Other assets 19,258 19,885
Total assets 380,158 380,255
Current liabilities    
Debt maturing within one year 15,594 12,973
Accounts payable and accrued liabilities 20,139 23,453
Current operating lease liabilities 4,282 4,266
Other current liabilities 13,616 12,531
Total current liabilities 53,631 53,223
Long-term debt 136,104 137,701
Employee benefit obligations 12,805 13,189
Deferred income taxes 45,980 45,781
Non-current operating lease liabilities 19,654 20,002
Other liabilities 16,258 16,560
Total long-term liabilities 230,801 233,233
Commitments and Contingencies
Equity    
Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) 0 0
Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period) 429 429
Additional paid in capital 13,571 13,631
Retained earnings 84,714 82,915
Accumulated other comprehensive loss (1,199) (1,380)
Common stock in treasury, at cost (82,178,752 and 87,172,997 shares outstanding) (3,602) (3,821)
Deferred compensation – employee stock ownership plans (ESOPs) and other 421 656
Noncontrolling interests 1,392 1,369
Total equity 95,726 93,799
Total liabilities and equity $ 380,158 $ 380,255