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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,568 $ 1,889
Accounts receivable, less allowance of $53 and $59 1,266 1,231
Assets held for sale 3,692 24
Other current assets, net 1,211 1,250
Total current assets 7,737 4,394
Property, plant and equipment, net of accumulated depreciation of $23,158 and $23,121 18,665 20,421
GOODWILL AND OTHER ASSETS    
Goodwill 0 1,964
Other intangible assets, net 4,525 4,806
Other assets, net 2,049 1,911
Total goodwill and other assets 6,574 8,681
TOTAL ASSETS 32,976 33,496
CURRENT LIABILITIES    
Current maturities of long-term debt 331 412
Accounts payable 831 749
Accrued expenses and other liabilities    
Salaries and benefits 588 716
Income and other taxes 285 272
Current operating lease liabilities 275 253
Interest 151 197
Other current liabilities 179 179
Liabilities held for sale 110 0
Current portion of deferred revenue 882 861
Total current liabilities 3,632 3,639
LONG-TERM DEBT 17,565 17,494
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 2,496 2,890
Benefit plan obligations, net 2,152 2,205
Deferred revenue 4,450 3,733
Other liabilities 3,276 3,071
Total deferred credits and other liabilities 12,374 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 1,026,860 and 1,014,768 shares 19,162 19,149
Accumulated other comprehensive loss (679) (723)
Accumulated deficit (19,078) (17,962)
Total stockholders' (deficit) equity (595) 464
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 32,976 $ 33,496