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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 4,803 $ 2,605
Accounts receivable 24,108 25,332
Less Allowance for credit losses 922 826
Accounts receivable, net of allowance 23,186 24,506
Inventories 1,896 2,388
Prepaid expenses and other 7,503 8,358
Total current assets 37,388 37,857
Property, plant and equipment 313,424 307,689
Less Accumulated depreciation 206,154 200,255
Property, plant and equipment, net 107,270 107,434
Investments in unconsolidated businesses 1,015 1,071
Wireless licenses 151,337 149,796
Goodwill 28,647 28,671
Other intangible assets, net 11,097 11,461
Operating lease right-of-use assets 25,345 26,130
Other assets 17,856 17,260
Total assets 379,955 379,680
Current liabilities    
Debt maturing within one year 14,827 9,963
Accounts payable and accrued liabilities 20,067 23,977
Current operating lease liabilities 4,211 4,134
Other current liabilities 12,299 12,097
Total current liabilities 51,404 50,171
Long-term debt 137,871 140,676
Employee benefit obligations 12,357 12,974
Deferred income taxes 44,055 43,441
Non-current operating lease liabilities 20,745 21,558
Other liabilities 17,021 18,397
Total long-term liabilities 232,049 237,046
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 86,448 82,380
Accumulated other comprehensive loss (1,921) (1,865)
Common stock in treasury, at cost (87,393,661 and 91,572,258 shares outstanding) (3,830) (4,013)
Deferred compensation – employee stock ownership plans (ESOPs) and other 544 793
Noncontrolling interests 1,309 1,319
Total equity 96,502 92,463
Total liabilities and equity $ 379,955 $ 379,680