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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 2,401 $ 1,889
Accounts receivable, less allowance of $53 and $59 1,263 1,231
Assets held for sale 3,787 24
Other current assets, net 1,256 1,250
Total current assets 8,707 4,394
Property, plant and equipment, net of accumulated depreciation of $23,420 and $23,121 19,107 20,421
GOODWILL AND OTHER ASSETS    
Goodwill 0 1,964
Other intangible assets, net 4,411 4,806
Other assets, net 2,061 1,911
Total goodwill and other assets 6,472 8,681
TOTAL ASSETS 34,286 33,496
CURRENT LIABILITIES    
Current maturities of long-term debt 94 412
Accounts payable 1,089 749
Accrued expenses and other liabilities    
Salaries and benefits 760 716
Income and other taxes 323 272
Current operating lease liabilities 273 253
Interest 133 197
Other current liabilities 224 179
Liabilities held for sale 36 0
Current portion of deferred revenue 1,000 861
Total current liabilities 3,932 3,639
LONG-TERM DEBT 17,578 17,494
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 2,314 2,890
Benefit plan obligations, net 2,140 2,205
Deferred revenue 6,200 3,733
Other liabilities 3,295 3,071
Total deferred credits and other liabilities 13,949 11,899
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' (DEFICIT) EQUITY    
Preferred stock—non-redeemable, $25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares 0 0
Common stock, no par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,025,654 and 1,014,768 shares 19,173 19,149
Accumulated other comprehensive loss (647) (723)
Accumulated deficit (19,699) (17,962)
Total stockholders' (deficit) equity (1,173) 464
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 34,286 $ 33,496