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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 2,432 $ 2,065
Accounts receivable 26,702 26,102
Less Allowance for credit losses 1,095 1,017
Accounts receivable, net of allowance 25,607 25,085
Inventories 1,841 2,057
Prepaid expenses and other 8,176 7,607
Total current assets 38,056 36,814
Property, plant and equipment 324,978 320,108
Less Accumulated depreciation 217,088 211,798
Property, plant and equipment, net 107,890 108,310
Investments in unconsolidated businesses 908 953
Wireless licenses 156,291 155,667
Goodwill 22,842 22,843
Other intangible assets, net 10,680 11,057
Operating lease right-of-use assets 24,064 24,726
Other assets 18,415 19,885
Total assets 379,146 380,255
Current liabilities    
Debt maturing within one year 23,255 12,973
Accounts payable and accrued liabilities 19,727 23,453
Current operating lease liabilities 4,247 4,266
Other current liabilities 13,577 12,531
Total current liabilities 60,806 53,223
Long-term debt 126,022 137,701
Employee benefit obligations 12,812 13,189
Deferred income taxes 46,082 45,781
Non-current operating lease liabilities 19,456 20,002
Other liabilities 16,429 16,560
Total long-term liabilities 220,801 233,233
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 13,539 13,631
Retained earnings 86,504 82,915
Accumulated other comprehensive loss (1,287) (1,380)
Common stock in treasury, at cost (81,913,650 and 87,172,997 shares outstanding) (3,590) (3,821)
Deferred compensation – employee stock ownership plans (ESOPs) and other 577 656
Noncontrolling interests 1,367 1,369
Total equity 97,539 93,799
Total liabilities and equity $ 379,146 $ 380,255