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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,234 $ 2,605
Accounts receivable 23,748 25,332
Less Allowance for credit losses 892 826
Accounts receivable, net of allowance 22,856 24,506
Inventories 2,381 2,388
Prepaid expenses and other 8,251 8,358
Total current assets 35,722 37,857
Property, plant and equipment 310,519 307,689
Less Accumulated depreciation 203,532 200,255
Property, plant and equipment, net 106,987 107,434
Investments in unconsolidated businesses 1,052 1,071
Wireless licenses 150,485 149,796
Goodwill 28,674 28,671
Other intangible assets, net 11,246 11,461
Operating lease right-of-use assets 25,947 26,130
Other assets 17,603 17,260
Total assets 377,716 379,680
Current liabilities    
Debt maturing within one year 12,081 9,963
Accounts payable and accrued liabilities 19,273 23,977
Current operating lease liabilities 4,177 4,134
Other current liabilities 12,237 12,097
Total current liabilities 47,768 50,171
Long-term debt 140,772 140,676
Employee benefit obligations 12,750 12,974
Deferred income taxes 43,667 43,441
Non-current operating lease liabilities 21,303 21,558
Other liabilities 17,237 18,397
Total long-term liabilities 235,729 237,046
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 13,523 13,420
Retained earnings 84,543 82,380
Accumulated other comprehensive loss (2,177) (1,865)
Common stock in treasury, at cost (87,442,163 and 91,572,258 shares outstanding) (3,832) (4,013)
Deferred compensation – employee stock ownership plans (ESOPs) and other 397 793
Noncontrolling interests 1,336 1,319
Total equity 94,219 92,463
Total liabilities and equity $ 377,716 $ 379,680