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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 9,936 $ 22,171
Accounts receivable 23,165 25,169
Less Allowance for credit losses 970 1,252
Accounts receivable, net 22,195 23,917
Inventories 2,303 1,796
Prepaid expenses and other 5,843 6,710
Total current assets 40,277 54,594
Property, plant and equipment 287,421 279,737
Less Accumulated depreciation 191,665 184,904
Property, plant and equipment, net 95,756 94,833
Investments in unconsolidated businesses 1,100 589
Wireless licenses 145,767 96,097
Deposits for wireless licenses 0 2,772
Goodwill 24,887 24,773
Other intangible assets, net 7,022 9,413
Operating lease right-of-use assets 27,969 22,531
Other assets 10,679 10,879
Total assets 353,457 316,481
Current liabilities    
Debt maturing within one year 7,623 5,889
Accounts payable and accrued liabilities 20,153 20,658
Current operating lease liabilities 3,606 3,485
Other current liabilities 9,976 9,628
Total current liabilities 41,358 39,660
Long-term debt 143,352 123,173
Employee benefit obligations 16,516 18,657
Deferred income taxes 38,481 35,711
Non-current operating lease liabilities 23,507 18,000
Other liabilities 11,754 12,008
Total long-term liabilities 233,610 207,549
Commitments and Contingencies (Note 12)
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 13,402 13,404
Retained earnings 70,062 60,464
Accumulated other comprehensive loss (709) (71)
Common stock in treasury, at cost 0 and 153,304,088 shares outstanding) (6,630) (6,719)
Deferred compensation – employee stock ownership plans (ESOPs) and other 490 335
Noncontrolling interests 1,445 1,430
Total equity 78,489 69,272
Total liabilities and equity $ 353,457 $ 316,481