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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 1,889 $ 2,234
Accounts receivable, less allowance of $59 and $67 1,231 1,318
Other 1,274 1,223
Total current assets 4,394 4,775
Property, plant and equipment, net of accumulated depreciation of $23,121 and $21,318 20,421 19,758
GOODWILL AND OTHER ASSETS    
Goodwill 1,964 1,964
Other intangible assets, net 4,806 5,470
Other, net 1,911 2,051
Total goodwill and other assets 8,681 9,485
TOTAL ASSETS 33,496 34,018
CURRENT LIABILITIES    
Current maturities of long-term debt 412 157
Accounts payable 749 1,134
Accrued expenses and other liabilities    
Salaries and benefits 716 696
Income and other taxes 272 251
Current operating lease liabilities 253 268
Interest 197 168
Other 179 213
Current portion of deferred revenue 861 647
Total current liabilities 3,639 3,534
LONG-TERM DEBT 17,494 19,831
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 2,890 3,127
Benefit plan obligations, net 2,205 2,490
Deferred revenue 3,733 1,969
Other 3,071 2,650
Total deferred credits and other liabilities 11,899 10,236
COMMITMENTS AND CONTINGENCIES (Note 18)
STOCKHOLDERS' 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, $0.00 and $1.00 par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,014,768 and 1,008,486 shares 19,149 1,008
Additional paid-in capital 0 18,126
Accumulated other comprehensive loss (723) (810)
Accumulated deficit (17,962) (17,907)
Total stockholders' equity 464 417
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,496 $ 34,018