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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 2,605 $ 2,921
Accounts receivable 25,332 24,742
Less Allowance for credit losses 826 896
Accounts receivable, net 24,506 23,846
Inventories 2,388 3,055
Prepaid expenses and other 8,358 6,906
Total current assets 37,857 36,728
Property, plant and equipment 307,689 289,897
Less Accumulated depreciation 200,255 190,201
Property, plant and equipment, net 107,434 99,696
Investments in unconsolidated businesses 1,071 1,061
Wireless licenses 149,796 147,619
Goodwill 28,671 28,603
Other intangible assets, net 11,461 11,677
Operating lease right-of-use assets 26,130 27,883
Other assets 17,260 13,329
Total assets 379,680 366,596
Current liabilities    
Debt maturing within one year 9,963 7,443
Accounts payable and accrued liabilities 23,977 24,833
Current operating lease liabilities 4,134 3,859
Other current liabilities 12,097 11,025
Total current liabilities 50,171 47,160
Long-term debt 140,676 143,425
Employee benefit obligations 12,974 15,410
Deferred income taxes 43,441 40,685
Non-current operating lease liabilities 21,558 23,203
Other liabilities 18,397 13,513
Total long-term liabilities 237,046 236,236
Commitments and Contingencies
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 13,420 13,861
Retained earnings 82,380 71,993
Accumulated other comprehensive loss (1,865) (927)
Common stock in treasury, at cost (91,572,258 and 93,634,725 shares outstanding) (4,013) (4,104)
Deferred compensation – employee stock ownership plans (ESOPs) and other 793 538
Noncontrolling interests 1,319 1,410
Total equity 92,463 83,200
Total liabilities and equity $ 379,680 $ 366,596