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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,900 $ 1,889
Accounts receivable, less allowance of $54 and $59 1,180 1,231
Other current assets, net 1,197 1,274
Total current assets 4,277 4,394
Property, plant and equipment, net of accumulated depreciation of $23,541 and $23,121 20,568 20,421
GOODWILL AND OTHER ASSETS    
Goodwill 1,964 1,964
Other intangible assets, net 4,660 4,806
Other assets, net 2,069 1,911
Total goodwill and other assets 8,693 8,681
TOTAL ASSETS 33,538 33,496
CURRENT LIABILITIES    
Current maturities of long-term debt 330 412
Accounts payable 773 749
Accrued expenses and other liabilities    
Salaries and benefits 563 716
Income and other taxes 305 272
Current operating lease liabilities 263 253
Interest 237 197
Other current liabilities 198 179
Current portion of deferred revenue 876 861
Total current liabilities 3,545 3,639
LONG-TERM DEBT 17,334 17,494
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 2,731 2,890
Benefit plan obligations, net 2,177 2,205
Deferred revenue 4,226 3,733
Other liabilities 3,236 3,071
Total deferred credits and other liabilities 12,370 11,899
COMMITMENTS AND CONTINGENCIES (Note 10)
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, no par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,024,989 and 1,014,768 shares 19,152 19,149
Accumulated other comprehensive loss (700) (723)
Accumulated deficit (18,163) (17,962)
Total stockholders' equity 289 464
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,538 $ 33,496