Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Long-Term Debt of AT&T and its Subsidiaries

Long-term debt of AT&T and its subsidiaries, including interest rates and maturities, is summarized as follows at December 31:

							2022		2021
Notes and debentures
	Interest Rates1			Maturities
	0.00%	-	2.99%	2022	-	2039	$	24,603	$	31,612
	3.00%	-	4.99%	2022	-	2061	91,201		107,635
	5.00%	-	6.99%	2022	-	2095	20,083		23,023
	7.00%	-	12.00%	2022	-	2097	4,884		5,056
Credit agreement borrowings							2,500		10,400
Fair value of interest rate swaps recorded in debt							13		16
							143,284		177,742
Unamortized (discount) premium – net							(9,650)		(9,758)
Unamortized issuance costs							(427)		(508)
Total notes and debentures							133,207		167,476
Finance lease obligations							1,817		1,569
Total long-term debt, including current maturities							135,024		169,045
Current maturities of long-term debt							(6,601)		(7,934)
Current maturities of credit agreement borrowings							—		(10,100)
Total long-term debt							$	128,423	$	151,011
1Foreign debt includes the impact from hedges, when applicable.

Debt Maturing Within One Year

	2022		2021
Current maturities of long-term debt	$	6,601	$	7,934
Commercial paper	866		6,586
Credit agreement borrowings	—		10,100
Total	$	7,467	$	24,620

Schedule of Debt Activity

Our debt activity during 2022 primarily consisted of the following:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year 2022
Net commercial paper borrowings	$	1,471	$	(5,219)	$	(724)	$	(1,337)	$	(5,809)
Issuance of Notes and Debentures:
Private Financing	$	—	$	—	$	750	$	—	$	750
2025 Term Loan	—		—		—		2,500		2,500
Other	479		—		—		—		479
Debt Issuances	$	479	$	—	$	750	$	2,500	$	3,729
Repayments:
2021 Syndicated Term Loan	$	—	$	(7,350)	$	—	$	—	$	(7,350)
BAML Bilateral Term Loan – Tranche A	—		(1,000)		—		—		(1,000)
Private financing	—		(750)		—		(750)		(1,500)
Repayment of other short-term borrowings	$	—	$	(9,100)	$	—	$	(750)	$	(9,850)
USD notes1,2,3	$	(123)	$	(18,957)	$	—	$	(287)	$	(19,367)
Euro notes	—		(3,343)		—		—		(3,343)
BAML Bilateral Term Loan – Tranche B	—		(1,000)		—		—		(1,000)
Other	(667)		(123)		(199)		(419)		(1,408)
Repayments of long-term debt	$	(790)	$	(23,423)	$	(199)	$	(706)	$	(25,118)
1On April 11, 2022, we issued notices for the redemption in full of all of the outstanding approximately $9,042 aggregate principal amount of various global notes due 2022 to 2026 with coupon rates ranging from 2.625% to 4.450% (Make-Whole Notes). The Make-Whole Notes were redeemed on the redemption dates set forth in the notices of redemption, at “make whole” redemption prices calculated as set forth in the respective redemption notices in the second quarter.
2Includes $7,954 of cash paid toward the $8,822 aggregate principal amount of various notes that were tendered for cash in May 2022. The notes had interest rates ranging between 3.100% and 8.750% and original maturities ranging from 2026 to 2061.
3Includes $287 of principal repayment on a $592 zero coupon note that matured in November 2022. The other $305 was applied to operating cash flows related to interest expense that accreted to the note over its life.

Long-Term Debt - Scheduled Repayments

	2023			2024			2025			2026			2027			Thereafter
Debt repayments1	$	6,929		$	8,950		$	5,948		$	8,619		$	6,278		$	110,949
Weighted-average interest rate 2	3.7		%	4.1		%	5.5		%	3.1		%	3.7		%	4.2		%
1Debt repayments represent maturity value. Foreign debt includes the impact from hedges, when applicable. Includes credit agreement borrowings.
2Includes credit agreement borrowings.