0000732717-23-000057.txt : 20231031 0000732717-23-000057.hdr.sgml : 20231031 20231031140014 ACCESSION NUMBER: 0000732717-23-000057 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231031 DATE AS OF CHANGE: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AT&T INC. CENTRAL INDEX KEY: 0000732717 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 431301883 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-08610 FILM NUMBER: 231363861 BUSINESS ADDRESS: STREET 1: 208 S. AKARD ST CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2108214105 MAIL ADDRESS: STREET 1: 208 S. AKARD ST CITY: DALLAS STATE: TX ZIP: 75202 FORMER COMPANY: FORMER CONFORMED NAME: SBC COMMUNICATIONS INC DATE OF NAME CHANGE: 19950501 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHWESTERN BELL CORP DATE OF NAME CHANGE: 19920703 10-Q 1 t-20230930.htm 10-Q AT&T INC. 3RD QUARTER 2023 FORM 10-Q INLINE t-20230930
falseQ32023--12-3100007327173715http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrenthttp://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrenthttp://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2023#DebtCurrenthttp://fasb.org/us-gaap/2023#DebtCurrenthttp://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationshttp://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations000007327172023-01-012023-09-300000732717us-gaap:CommonStockMember2023-01-012023-09-300000732717us-gaap:SeriesAPreferredStockMember2023-01-012023-09-300000732717us-gaap:SeriesCPreferredStockMember2023-01-012023-09-300000732717t:ATTIncFloatingRateDueSeptember52023Member2023-01-012023-09-300000732717t:ATTInc1050GlobalNotesDueSeptember52023Member2023-01-012023-09-300000732717t:ATTInc1300GlobalNotesDueSeptember52023Member2023-01-012023-09-300000732717t:ATTInc1950GlobalNotesDueSeptember152023Member2023-01-012023-09-300000732717t:ATTInc2400GlobalNotesDueMarch152024Member2023-01-012023-09-300000732717t:ATTIncFloatingRateGlobalNotesMarch6Due2025Member2023-01-012023-09-300000732717t:ATTInc3550GlobalNotesDueNovember182025Member2023-01-012023-09-300000732717t:ATTInc3500GlobalNotesDueDecember172025Member2023-01-012023-09-300000732717t:ATTInc0250GlobalNotesDueMarch42026Member2023-01-012023-09-300000732717t:ATTInc1800GlobalNotesDueSeptember52026Member2023-01-012023-09-300000732717t:ATTInc2900PercentGlobalNotesDueDecember42026Member2023-01-012023-09-300000732717t:AttInc1600GlobalNotesDueMay192028Member2023-01-012023-09-300000732717t:ATTInc2350GlobalNotesDueSeptember52029Member2023-01-012023-09-300000732717t:ATTInc4375GlobalNotesDueSeptember142029Member2023-01-012023-09-300000732717t:ATTInc2600GlobalNotesDueDecember172029Member2023-01-012023-09-300000732717t:ATTInc0800GlobalNotesDueMarch42030Member2023-01-012023-09-300000732717t:ATTInc3950GlobalNotesDueApril302031Member2023-01-012023-09-300000732717t:AttInc2050GlobalNotesDueMay192032Member2023-01-012023-09-300000732717t:ATTInc3550GlobalNotesDueDecember172032Member2023-01-012023-09-300000732717t:ATTInc5200GlobalNotesDueNovember182033Member2023-01-012023-09-300000732717t:ATTInc3375GlobalNotesDueMarch152034Member2023-01-012023-09-300000732717t:ATTInc4300GlobalNotesDueNovember182034Member2023-01-012023-09-300000732717t:ATTInc2450GlobalNotesDueMarch152035Member2023-01-012023-09-300000732717t:ATTInc3150GlobalNotesDueSeptember42036Member2023-01-012023-09-300000732717t:AttInc2600GlobalNotesDueMay192038Member2023-01-012023-09-300000732717t:ATTInc1800GlobalNotesDueSeptember142039Member2023-01-012023-09-300000732717t:ATTInc7000GlobalNotesDueApril302040Member2023-01-012023-09-300000732717t:ATTInc4250GlobalNotesDueJune12043Member2023-01-012023-09-300000732717t:ATTInc4875GlobalNotesDueJune12044Member2023-01-012023-09-300000732717t:AttInc4000GlobalNotesDueJune12049Member2023-01-012023-09-300000732717t:AttInc4250GlobalNotesDueMarch12050Member2023-01-012023-09-300000732717t:AttInc3750GlobalNotesDueSeptember12050Member2023-01-012023-09-300000732717t:ATTInc5350GlobalNotesDueNovember12066Member2023-01-012023-09-300000732717t:ATTInc5625GlobalNotesDueAugust12067Member2023-01-012023-09-3000007327172023-10-25xbrli:shares0000732717t:ServiceAndOtherMember2023-07-012023-09-30iso4217:USD0000732717t:ServiceAndOtherMember2022-07-012022-09-300000732717t:ServiceAndOtherMember2023-01-012023-09-300000732717t:ServiceAndOtherMember2022-01-012022-09-300000732717us-gaap:ProductMember2023-07-012023-09-300000732717us-gaap:ProductMember2022-07-012022-09-300000732717us-gaap:ProductMember2023-01-012023-09-300000732717us-gaap:ProductMember2022-01-012022-09-3000007327172023-07-012023-09-3000007327172022-07-012022-09-3000007327172022-01-012022-09-30iso4217:USDxbrli:shares00007327172023-09-3000007327172022-12-310000732717us-gaap:SeriesAPreferredStockMember2022-12-310000732717us-gaap:SeriesAPreferredStockMember2023-09-300000732717us-gaap:SeriesBPreferredStockMember2023-09-300000732717us-gaap:SeriesBPreferredStockMember2022-12-310000732717us-gaap:SeriesCPreferredStockMember2023-09-300000732717us-gaap:SeriesCPreferredStockMember2022-12-3100007327172021-12-3100007327172022-09-300000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2023-06-300000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2022-06-300000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2022-12-310000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2021-12-310000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2023-09-300000732717us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2022-09-300000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2023-06-300000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2022-06-300000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2022-12-310000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2021-12-310000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2023-09-300000732717us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2022-09-300000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2023-06-300000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2022-06-300000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2022-12-310000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2021-12-310000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2023-09-300000732717us-gaap:SeriesCPreferredStockMemberus-gaap:PreferredStockMember2022-09-300000732717us-gaap:CommonStockMember2023-06-300000732717us-gaap:CommonStockMember2022-06-300000732717us-gaap:CommonStockMember2022-12-310000732717us-gaap:CommonStockMember2021-12-310000732717us-gaap:CommonStockMember2023-09-300000732717us-gaap:CommonStockMember2022-09-300000732717us-gaap:AdditionalPaidInCapitalMember2023-06-300000732717us-gaap:AdditionalPaidInCapitalMember2022-06-300000732717us-gaap:AdditionalPaidInCapitalMember2022-12-310000732717us-gaap:AdditionalPaidInCapitalMember2021-12-310000732717us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300000732717us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300000732717us-gaap:AdditionalPaidInCapitalMember2023-01-012023-09-300000732717us-gaap:AdditionalPaidInCapitalMember2022-01-012022-09-300000732717us-gaap:AdditionalPaidInCapitalMember2023-09-300000732717us-gaap:AdditionalPaidInCapitalMember2022-09-300000732717us-gaap:RetainedEarningsMember2023-06-300000732717us-gaap:RetainedEarningsMember2022-06-300000732717us-gaap:RetainedEarningsMember2022-12-310000732717us-gaap:RetainedEarningsMember2021-12-310000732717us-gaap:RetainedEarningsMember2023-07-012023-09-300000732717us-gaap:RetainedEarningsMember2022-07-012022-09-300000732717us-gaap:RetainedEarningsMember2023-01-012023-09-300000732717us-gaap:RetainedEarningsMember2022-01-012022-09-300000732717us-gaap:RetainedEarningsMember2023-09-300000732717us-gaap:RetainedEarningsMember2022-09-300000732717us-gaap:TreasuryStockCommonMember2023-06-300000732717us-gaap:TreasuryStockCommonMember2022-06-300000732717us-gaap:TreasuryStockCommonMember2022-12-310000732717us-gaap:TreasuryStockCommonMember2021-12-310000732717us-gaap:TreasuryStockCommonMember2023-07-012023-09-300000732717us-gaap:TreasuryStockCommonMember2022-07-012022-09-300000732717us-gaap:TreasuryStockCommonMember2023-01-012023-09-300000732717us-gaap:TreasuryStockCommonMember2022-01-012022-09-300000732717us-gaap:TreasuryStockCommonMember2023-09-300000732717us-gaap:TreasuryStockCommonMember2022-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000732717us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300000732717us-gaap:NoncontrollingInterestMember2023-06-300000732717us-gaap:NoncontrollingInterestMember2022-06-300000732717us-gaap:NoncontrollingInterestMember2022-12-310000732717us-gaap:NoncontrollingInterestMember2021-12-310000732717us-gaap:NoncontrollingInterestMember2023-07-012023-09-300000732717us-gaap:NoncontrollingInterestMember2022-07-012022-09-300000732717us-gaap:NoncontrollingInterestMember2023-01-012023-09-300000732717us-gaap:NoncontrollingInterestMember2022-01-012022-09-300000732717us-gaap:NoncontrollingInterestMember2023-09-300000732717us-gaap:NoncontrollingInterestMember2022-09-3000007327172023-06-3000007327172022-06-300000732717t:ATTMobilityIILLCPreferredInterestConversionMember2023-07-012023-09-300000732717t:ATTMobilityIILLCPreferredInterestConversionMember2022-07-012022-09-300000732717t:ATTMobilityIILLCPreferredInterestConversionMember2023-01-012023-09-300000732717t:ATTMobilityIILLCPreferredInterestConversionMember2022-01-012022-09-300000732717t:OtherATTUnitsMember2023-07-012023-09-300000732717t:OtherATTUnitsMember2022-07-012022-09-300000732717t:OtherATTUnitsMember2023-01-012023-09-300000732717t:OtherATTUnitsMember2022-01-012022-09-300000732717us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000732717us-gaap:AccumulatedTranslationAdjustmentMember2023-01-012023-09-300000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-09-300000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-09-300000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-09-300000732717us-gaap:AccumulatedTranslationAdjustmentMember2023-09-300000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-09-300000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-09-300000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-09-300000732717us-gaap:AccumulatedTranslationAdjustmentMember2021-12-310000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000732717us-gaap:AccumulatedTranslationAdjustmentMember2022-01-012022-09-300000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-09-300000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-09-300000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-09-300000732717us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedTranslationAdjustmentMember2022-01-012022-09-300000732717us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-09-300000732717us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-09-300000732717us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-09-300000732717us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000732717us-gaap:AccumulatedTranslationAdjustmentMember2022-09-300000732717us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-09-300000732717us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-09-300000732717us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-09-30t:segment0000732717us-gaap:CorporateNonSegmentMembersrt:RevisionOfPriorPeriodReclassificationAdjustmentMember2022-01-012022-12-310000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMember2023-07-012023-09-300000732717t:DTVRelatedRetainedCostsMember2023-07-012023-09-300000732717t:ParentAdministrationSupportMember2023-07-012023-09-300000732717t:SecuritizationFeesMember2023-07-012023-09-300000732717t:ValuePortfolioMember2023-07-012023-09-300000732717us-gaap:CorporateNonSegmentMember2023-07-012023-09-300000732717t:SignificantItemsMember2023-07-012023-09-300000732717us-gaap:CorporateAndOtherMember2023-07-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMember2022-07-012022-09-300000732717t:DTVRelatedRetainedCostsMember2022-07-012022-09-300000732717t:ParentAdministrationSupportMember2022-07-012022-09-300000732717t:SecuritizationFeesMember2022-07-012022-09-300000732717t:ValuePortfolioMember2022-07-012022-09-300000732717us-gaap:CorporateNonSegmentMember2022-07-012022-09-300000732717t:SignificantItemsMember2022-07-012022-09-300000732717us-gaap:CorporateAndOtherMember2022-07-012022-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMember2023-01-012023-09-300000732717t:DTVRelatedRetainedCostsMember2023-01-012023-09-300000732717t:ParentAdministrationSupportMember2023-01-012023-09-300000732717t:SecuritizationFeesMember2023-01-012023-09-300000732717t:ValuePortfolioMember2023-01-012023-09-300000732717us-gaap:CorporateNonSegmentMember2023-01-012023-09-300000732717t:SignificantItemsMember2023-01-012023-09-300000732717us-gaap:CorporateAndOtherMember2023-01-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMember2022-01-012022-09-300000732717t:DTVRelatedRetainedCostsMember2022-01-012022-09-300000732717t:ParentAdministrationSupportMember2022-01-012022-09-300000732717t:SecuritizationFeesMember2022-01-012022-09-300000732717t:ValuePortfolioMember2022-01-012022-09-300000732717us-gaap:CorporateNonSegmentMember2022-01-012022-09-300000732717t:SignificantItemsMember2022-01-012022-09-300000732717us-gaap:CorporateAndOtherMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMember2022-01-012022-09-300000732717us-gaap:MaterialReconcilingItemsMember2023-07-012023-09-300000732717us-gaap:MaterialReconcilingItemsMember2022-07-012022-09-300000732717us-gaap:MaterialReconcilingItemsMember2023-01-012023-09-300000732717us-gaap:MaterialReconcilingItemsMember2022-01-012022-09-300000732717t:WirelessServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:BusinessWirelineMembert:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:WirelessServiceMember2023-07-012023-09-300000732717t:WirelessServiceMember2023-07-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2023-07-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:BusinessServiceMember2023-07-012023-09-300000732717t:BusinessServiceMember2023-07-012023-09-300000732717t:IPBroadbandMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:IPBroadbandMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:IPBroadbandMembert:CorporateAndReconcilingItemsMember2023-07-012023-09-300000732717t:IPBroadbandMember2023-07-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2023-07-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:LegacyVoiceAndDataMember2023-07-012023-09-300000732717t:LegacyVoiceAndDataMember2023-07-012023-09-300000732717t:OtherServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:BusinessWirelineMembert:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:OtherServiceMember2023-07-012023-09-300000732717t:OtherServiceMember2023-07-012023-09-300000732717us-gaap:ServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:ServiceMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717us-gaap:ServiceMembert:CorporateAndReconcilingItemsMember2023-07-012023-09-300000732717us-gaap:ServiceMember2023-07-012023-09-300000732717us-gaap:ProductMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:ProductMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-07-012023-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-07-012023-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-07-012023-09-300000732717t:CorporateAndReconcilingItemsMemberus-gaap:ProductMember2023-07-012023-09-300000732717t:WirelessServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:BusinessWirelineMembert:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:WirelessServiceMember2022-07-012022-09-300000732717t:WirelessServiceMember2022-07-012022-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2022-07-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:BusinessServiceMember2022-07-012022-09-300000732717t:BusinessServiceMember2022-07-012022-09-300000732717t:IPBroadbandMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:IPBroadbandMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:IPBroadbandMembert:CorporateAndReconcilingItemsMember2022-07-012022-09-300000732717t:IPBroadbandMember2022-07-012022-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2022-07-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:LegacyVoiceAndDataMember2022-07-012022-09-300000732717t:LegacyVoiceAndDataMember2022-07-012022-09-300000732717t:OtherServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:BusinessWirelineMembert:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:OtherServiceMember2022-07-012022-09-300000732717t:OtherServiceMember2022-07-012022-09-300000732717us-gaap:ServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:ServiceMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717us-gaap:ServiceMembert:CorporateAndReconcilingItemsMember2022-07-012022-09-300000732717us-gaap:ServiceMember2022-07-012022-09-300000732717us-gaap:ProductMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:ProductMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-07-012022-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-07-012022-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-07-012022-09-300000732717t:CorporateAndReconcilingItemsMemberus-gaap:ProductMember2022-07-012022-09-300000732717t:WirelessServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:BusinessWirelineMembert:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:WirelessServiceMember2023-01-012023-09-300000732717t:WirelessServiceMember2023-01-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2023-01-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:BusinessServiceMember2023-01-012023-09-300000732717t:BusinessServiceMember2023-01-012023-09-300000732717t:IPBroadbandMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:IPBroadbandMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:IPBroadbandMembert:CorporateAndReconcilingItemsMember2023-01-012023-09-300000732717t:IPBroadbandMember2023-01-012023-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2023-01-012023-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:LegacyVoiceAndDataMember2023-01-012023-09-300000732717t:LegacyVoiceAndDataMember2023-01-012023-09-300000732717t:OtherServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:BusinessWirelineMembert:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMembert:OtherServiceMember2023-01-012023-09-300000732717t:OtherServiceMember2023-01-012023-09-300000732717us-gaap:ServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:ServiceMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717us-gaap:ServiceMembert:CorporateAndReconcilingItemsMember2023-01-012023-09-300000732717us-gaap:ServiceMember2023-01-012023-09-300000732717us-gaap:ProductMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:ProductMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2023-01-012023-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2023-01-012023-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2023-01-012023-09-300000732717t:CorporateAndReconcilingItemsMemberus-gaap:ProductMember2023-01-012023-09-300000732717t:WirelessServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:BusinessWirelineMembert:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717t:WirelessServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:WirelessServiceMember2022-01-012022-09-300000732717t:WirelessServiceMember2022-01-012022-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2022-01-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:BusinessServiceMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:BusinessServiceMember2022-01-012022-09-300000732717t:BusinessServiceMember2022-01-012022-09-300000732717t:IPBroadbandMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:IPBroadbandMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717t:IPBroadbandMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:IPBroadbandMembert:CorporateAndReconcilingItemsMember2022-01-012022-09-300000732717t:IPBroadbandMember2022-01-012022-09-300000732717t:MobilityMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2022-01-012022-09-300000732717t:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717us-gaap:OperatingSegmentsMembert:LegacyVoiceAndDataMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:LegacyVoiceAndDataMember2022-01-012022-09-300000732717t:LegacyVoiceAndDataMember2022-01-012022-09-300000732717t:OtherServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:BusinessWirelineMembert:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717t:OtherServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMembert:OtherServiceMember2022-01-012022-09-300000732717t:OtherServiceMember2022-01-012022-09-300000732717us-gaap:ServiceMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:ServiceMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717us-gaap:ServiceMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717us-gaap:ServiceMembert:CorporateAndReconcilingItemsMember2022-01-012022-09-300000732717us-gaap:ServiceMember2022-01-012022-09-300000732717us-gaap:ProductMembert:MobilityMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:ProductMembert:BusinessWirelineMemberus-gaap:OperatingSegmentsMembert:CommunicationsMember2022-01-012022-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:CommunicationsMembert:ConsumerWirelineMember2022-01-012022-09-300000732717us-gaap:ProductMemberus-gaap:OperatingSegmentsMembert:LatinAmericaBusinessSegmentMember2022-01-012022-09-300000732717t:CorporateAndReconcilingItemsMemberus-gaap:ProductMember2022-01-012022-09-300000732717srt:MinimumMembert:DeferredCustomerContractAcquisitionCostsMember2023-09-300000732717srt:MinimumMembert:DeferredCustomerContractFulfillmentCostMember2023-09-300000732717srt:MaximumMembert:DeferredCustomerContractFulfillmentCostMember2023-09-300000732717srt:MaximumMembert:DeferredCustomerContractAcquisitionCostsMember2023-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredCustomerContractAcquisitionCostsMember2023-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredCustomerContractAcquisitionCostsMember2022-12-310000732717us-gaap:OtherAssetsMembert:DeferredCustomerContractAcquisitionCostsMember2023-09-300000732717us-gaap:OtherAssetsMembert:DeferredCustomerContractAcquisitionCostsMember2022-12-310000732717t:DeferredCustomerContractAcquisitionCostsMember2023-09-300000732717t:DeferredCustomerContractAcquisitionCostsMember2022-12-310000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredCustomerContractFulfillmentCostMember2023-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredCustomerContractFulfillmentCostMember2022-12-310000732717us-gaap:OtherAssetsMembert:DeferredCustomerContractFulfillmentCostMember2023-09-300000732717us-gaap:OtherAssetsMembert:DeferredCustomerContractFulfillmentCostMember2022-12-310000732717t:DeferredCustomerContractFulfillmentCostMember2023-09-300000732717t:DeferredCustomerContractFulfillmentCostMember2022-12-310000732717t:DeferredCustomerContractAcquisitionCostsMember2023-01-012023-09-300000732717t:DeferredCustomerContractAcquisitionCostsMember2022-01-012022-09-300000732717t:DeferredCustomerContractFulfillmentCostMember2023-01-012023-09-300000732717t:DeferredCustomerContractFulfillmentCostMember2022-01-012022-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2023-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2022-12-310000732717us-gaap:OtherCurrentLiabilitiesMember2023-09-300000732717us-gaap:OtherCurrentLiabilitiesMember2022-12-3100007327172023-10-012023-09-30xbrli:pure00007327172025-01-012023-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2023-04-012023-06-300000732717us-gaap:PensionPlansDefinedBenefitMember2023-04-26t:numberOfParticipants0000732717us-gaap:PensionPlansDefinedBenefitMember2023-04-262023-04-260000732717us-gaap:PensionPlansDefinedBenefitMember2023-01-012023-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2023-07-012023-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2023-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2023-06-300000732717us-gaap:PensionPlansDefinedBenefitMembert:ServiceCostMember2023-01-012023-09-300000732717us-gaap:PensionPlansDefinedBenefitMembert:InterestCostMember2023-01-012023-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2022-07-012022-09-300000732717us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-09-300000732717us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012023-09-300000732717us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-07-012022-09-300000732717us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-01-012023-09-300000732717us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-09-300000732717us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2023-07-012023-09-300000732717us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2022-07-012022-09-300000732717us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2023-01-012023-09-300000732717us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2022-01-012022-09-300000732717us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000732717us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000732717us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000732717us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000732717us-gaap:SecuritiesInvestmentMemberus-gaap:FairValueInputsLevel1Membercountry:US2023-09-300000732717us-gaap:SecuritiesInvestmentMembercountry:USus-gaap:FairValueInputsLevel2Member2023-09-300000732717us-gaap:SecuritiesInvestmentMembercountry:USus-gaap:FairValueInputsLevel3Member2023-09-300000732717us-gaap:SecuritiesInvestmentMembercountry:US2023-09-300000732717us-gaap:SecuritiesInvestmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:NonUsMember2023-09-300000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel2Member2023-09-300000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel3Member2023-09-300000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMember2023-09-300000732717us-gaap:FairValueInputsLevel1Memberus-gaap:FixedIncomeInvestmentsMember2023-09-300000732717us-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeInvestmentsMember2023-09-300000732717us-gaap:FixedIncomeInvestmentsMemberus-gaap:FairValueInputsLevel3Member2023-09-300000732717us-gaap:FixedIncomeInvestmentsMember2023-09-300000732717us-gaap:FairValueInputsLevel1Member2023-09-300000732717us-gaap:FairValueInputsLevel2Member2023-09-300000732717us-gaap:FairValueInputsLevel3Member2023-09-300000732717us-gaap:FairValueInputsLevel1Memberus-gaap:CrossCurrencyInterestRateContractMember2023-09-300000732717us-gaap:FairValueInputsLevel2Memberus-gaap:CrossCurrencyInterestRateContractMember2023-09-300000732717us-gaap:FairValueInputsLevel3Memberus-gaap:CrossCurrencyInterestRateContractMember2023-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2023-09-300000732717us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2023-09-300000732717us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2023-09-300000732717us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateSwapMember2023-09-300000732717us-gaap:InterestRateSwapMember2023-09-300000732717us-gaap:SecuritiesInvestmentMemberus-gaap:FairValueInputsLevel1Membercountry:US2022-12-310000732717us-gaap:SecuritiesInvestmentMembercountry:USus-gaap:FairValueInputsLevel2Member2022-12-310000732717us-gaap:SecuritiesInvestmentMembercountry:USus-gaap:FairValueInputsLevel3Member2022-12-310000732717us-gaap:SecuritiesInvestmentMembercountry:US2022-12-310000732717us-gaap:SecuritiesInvestmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:NonUsMember2022-12-310000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000732717us-gaap:SecuritiesInvestmentMemberus-gaap:NonUsMember2022-12-310000732717us-gaap:FairValueInputsLevel1Memberus-gaap:FixedIncomeInvestmentsMember2022-12-310000732717us-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeInvestmentsMember2022-12-310000732717us-gaap:FixedIncomeInvestmentsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000732717us-gaap:FixedIncomeInvestmentsMember2022-12-310000732717us-gaap:FairValueInputsLevel1Member2022-12-310000732717us-gaap:FairValueInputsLevel2Member2022-12-310000732717us-gaap:FairValueInputsLevel3Member2022-12-310000732717us-gaap:FairValueInputsLevel1Memberus-gaap:CrossCurrencyInterestRateContractMember2022-12-310000732717us-gaap:FairValueInputsLevel2Memberus-gaap:CrossCurrencyInterestRateContractMember2022-12-310000732717us-gaap:FairValueInputsLevel3Memberus-gaap:CrossCurrencyInterestRateContractMember2022-12-310000732717us-gaap:CrossCurrencyInterestRateContractMember2022-12-310000732717us-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel1Member2022-12-310000732717us-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel2Member2022-12-310000732717us-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel3Member2022-12-310000732717us-gaap:ForeignExchangeContractMember2022-12-310000732717us-gaap:MeasurementInputEntityCreditRiskMember2023-09-300000732717us-gaap:InterestRateSwapMember2023-09-300000732717us-gaap:InterestRateSwapMember2022-12-310000732717us-gaap:CrossCurrencyInterestRateContractMember2023-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2022-12-310000732717us-gaap:ForeignExchangeContractMember2023-09-300000732717us-gaap:ForeignExchangeContractMember2022-12-310000732717us-gaap:InterestRateSwapMember2023-07-012023-09-300000732717us-gaap:InterestRateSwapMember2022-07-012022-09-300000732717us-gaap:InterestRateSwapMember2023-01-012023-09-300000732717us-gaap:InterestRateSwapMember2022-01-012022-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2023-07-012023-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2022-07-012022-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2023-01-012023-09-300000732717us-gaap:CrossCurrencyInterestRateContractMember2022-01-012022-09-300000732717us-gaap:ForeignExchangeContractMember2023-07-012023-09-300000732717us-gaap:ForeignExchangeContractMember2022-07-012022-09-300000732717us-gaap:ForeignExchangeContractMember2023-01-012023-09-300000732717us-gaap:ForeignExchangeContractMember2022-01-012022-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMember2023-07-012023-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMember2022-07-012022-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMember2023-01-012023-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMember2022-01-012022-09-300000732717us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestExpenseMember2023-07-012023-09-300000732717us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestExpenseMember2022-07-012022-09-300000732717us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestExpenseMember2023-01-012023-09-300000732717us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestExpenseMember2022-01-012022-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:InterestRateLockCommitmentsMember2023-07-012023-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:InterestRateLockCommitmentsMember2022-07-012022-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:InterestRateLockCommitmentsMember2023-01-012023-09-300000732717us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:InterestRateLockCommitmentsMember2022-01-012022-09-300000732717t:EquipmentInstallmentProgramMember2023-07-012023-09-300000732717t:EquipmentInstallmentProgramMember2022-07-012022-09-300000732717t:EquipmentInstallmentProgramMember2023-01-012023-09-300000732717t:EquipmentInstallmentProgramMember2022-01-012022-09-300000732717t:OtherSalesOfReceivablesMember2023-07-012023-09-300000732717t:OtherSalesOfReceivablesMember2022-07-012022-09-300000732717t:OtherSalesOfReceivablesMember2023-01-012023-09-300000732717t:OtherSalesOfReceivablesMember2022-01-012022-09-300000732717us-gaap:AssetPledgedAsCollateralWithoutRightMember2023-09-300000732717t:EquipmentInstallmentProgramMember2023-09-300000732717t:EquipmentInstallmentProgramMember2022-12-310000732717us-gaap:NotesReceivableMembert:EquipmentInstallmentProgramMember2023-09-300000732717us-gaap:NotesReceivableMembert:EquipmentInstallmentProgramMember2022-12-310000732717us-gaap:TradeAccountsReceivableMembert:EquipmentInstallmentProgramMember2023-09-300000732717us-gaap:TradeAccountsReceivableMembert:EquipmentInstallmentProgramMember2022-12-310000732717t:DeferredPurchasePriceMembert:EquipmentInstallmentProgramMember2023-09-300000732717t:DeferredPurchasePriceMembert:EquipmentInstallmentProgramMember2022-12-310000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredPurchasePriceMembert:EquipmentInstallmentProgramMember2023-09-300000732717us-gaap:PrepaidExpensesAndOtherCurrentAssetsMembert:DeferredPurchasePriceMembert:EquipmentInstallmentProgramMember2022-12-310000732717us-gaap:GuaranteeObligationsMembert:EquipmentInstallmentProgramMember2023-09-300000732717us-gaap:GuaranteeObligationsMembert:EquipmentInstallmentProgramMember2022-12-310000732717us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:GuaranteeObligationsMembert:EquipmentInstallmentProgramMember2023-09-300000732717us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:GuaranteeObligationsMembert:EquipmentInstallmentProgramMember2022-12-310000732717srt:MaximumMember2023-09-300000732717t:DIRECTVMember2023-01-012023-09-300000732717t:DIRECTVMember2022-01-012022-09-300000732717t:DIRECTVMemberus-gaap:EquityMethodInvesteeMember2023-01-012023-09-300000732717t:DIRECTVMemberus-gaap:EquityMethodInvesteeMembert:OperatingActivitiesMember2023-01-012023-09-300000732717t:InvestingActivitiesMembert:DIRECTVMemberus-gaap:EquityMethodInvesteeMember2023-01-012023-09-300000732717t:DIRECTVMemberus-gaap:EquityMethodInvesteeMember2022-01-012022-09-300000732717t:DIRECTVMemberus-gaap:EquityMethodInvesteeMembert:OperatingActivitiesMember2022-01-012022-09-300000732717t:InvestingActivitiesMembert:DIRECTVMemberus-gaap:EquityMethodInvesteeMember2022-01-012022-09-300000732717t:DIRECTVMember2023-09-300000732717t:SupplierFinancingProgramMember2023-09-300000732717t:SupplierFinancingProgramMember2022-12-310000732717t:DirectSupplierFinancingProgramMember2023-09-300000732717t:DirectSupplierFinancingProgramMember2022-12-310000732717t:VendorFinancingProgramMember2023-01-012023-09-300000732717t:VendorFinancingProgramMember2022-01-012022-09-300000732717us-gaap:PropertyPlantAndEquipmentMember2023-01-012023-09-300000732717us-gaap:PropertyPlantAndEquipmentMember2022-01-012022-09-300000732717us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2023-01-012023-09-300000732717us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2022-01-012022-09-300000732717us-gaap:LicenseMember2023-01-012023-09-300000732717us-gaap:LicenseMember2022-01-012022-09-300000732717t:ClassA2AndClassA3Membert:TelcoLLCMember2023-04-300000732717t:TelcoLLCMember2023-04-300000732717t:ClassA2AndClassA3Membert:TelcoLLCMember2023-01-012023-04-30t:period0000732717t:ATTMobilityIILLCMemberus-gaap:SeriesAPreferredStockMember2023-01-012023-04-300000732717t:ATTMobilityIILLCMemberus-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:SeriesAPreferredStockMember2023-01-012023-04-300000732717us-gaap:OtherNoncurrentLiabilitiesMembert:ATTMobilityIILLCMemberus-gaap:SeriesAPreferredStockMember2023-01-012023-04-300000732717us-gaap:SeriesBPreferredStockMembert:ATTMobilityIILLCMember2023-06-300000732717us-gaap:SeriesBPreferredStockMembert:ATTMobilityIILLCMember2023-06-012023-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2023

or
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to
Commission File Number 001-8610

AT&T INC.

Incorporated under the laws of the State of Delaware
I.R.S. Employer Identification Number 43-1301883

208 S. Akard St., Dallas, Texas 75202
Telephone Number: (210) 821-4105

Securities registered pursuant to Section 12(b) of the Act:
  Name of each exchange
Title of each classTrading Symbol(s)on which registered
Common Shares (Par Value $1.00 Per Share)TNew York Stock Exchange
Depositary Shares, each representing a 1/1000th interest in a
share of 5.000% Perpetual Preferred Stock, Series A
T PRANew York Stock Exchange
Depositary Shares, each representing a 1/1000th interest in a
share of 4.750% Perpetual Preferred Stock, Series C
T PRCNew York Stock Exchange
AT&T Inc. Floating Rate Global Notes due September 5, 2023T 23DNew York Stock Exchange
AT&T Inc. 1.050% Global Notes due September 5, 2023T 23ENew York Stock Exchange
AT&T Inc. 1.300% Global Notes due September 5, 2023T 23ANew York Stock Exchange
AT&T Inc. 1.950% Global Notes due September 15, 2023T 23FNew York Stock Exchange
AT&T Inc. 2.400% Global Notes due March 15, 2024T 24ANew York Stock Exchange
AT&T Inc. Floating Rate Global Notes due March 6, 2025T 25ANew York Stock Exchange
AT&T Inc. 3.550% Global Notes due November 18, 2025T 25BNew York Stock Exchange
AT&T Inc. 3.500% Global Notes due December 17, 2025T 25New York Stock Exchange
AT&T Inc. 0.250% Global Notes due March 4, 2026T 26ENew York Stock Exchange
AT&T Inc. 1.800% Global Notes due September 5, 2026T 26DNew York Stock Exchange
AT&T Inc. 2.900% Global Notes due December 4, 2026T 26ANew York Stock Exchange
AT&T Inc. 1.600% Global Notes due May 19, 2028T 28CNew York Stock Exchange

  Name of each exchange
Title of each classTrading Symbol(s)on which registered
AT&T Inc. 2.350% Global Notes due September 5, 2029T 29DNew York Stock Exchange
AT&T Inc. 4.375% Global Notes due September 14, 2029T 29BNew York Stock Exchange
AT&T Inc. 2.600% Global Notes due December 17, 2029T 29ANew York Stock Exchange
AT&T Inc. 0.800% Global Notes due March 4, 2030T 30BNew York Stock Exchange
AT&T Inc. 3.950% Global Notes due April 30, 2031T 31FNew York Stock Exchange
AT&T Inc. 2.050% Global Notes due May 19, 2032T 32ANew York Stock Exchange
AT&T Inc. 3.550% Global Notes due December 17, 2032T 32New York Stock Exchange
AT&T Inc. 5.200% Global Notes due November 18, 2033T 33New York Stock Exchange
AT&T Inc. 3.375% Global Notes due March 15, 2034T 34New York Stock Exchange
AT&T Inc. 4.300% Global Notes due November 18, 2034T 34CNew York Stock Exchange
AT&T Inc. 2.450% Global Notes due March 15, 2035T 35New York Stock Exchange
AT&T Inc. 3.150% Global Notes due September 4, 2036T 36ANew York Stock Exchange
AT&T Inc. 2.600% Global Notes due May 19, 2038T 38CNew York Stock Exchange
AT&T Inc. 1.800% Global Notes due September 14, 2039T 39BNew York Stock Exchange
AT&T Inc. 7.000% Global Notes due April 30, 2040T 40New York Stock Exchange
AT&T Inc. 4.250% Global Notes due June 1, 2043T 43New York Stock Exchange
AT&T Inc. 4.875% Global Notes due June 1, 2044T 44New York Stock Exchange
AT&T Inc. 4.000% Global Notes due June 1, 2049T 49ANew York Stock Exchange
AT&T Inc. 4.250% Global Notes due March 1, 2050T 50New York Stock Exchange
AT&T Inc. 3.750% Global Notes due September 1, 2050T 50ANew York Stock Exchange
AT&T Inc. 5.350% Global Notes due November 1, 2066TBBNew York Stock Exchange
AT&T Inc. 5.625% Global Notes due August 1, 2067TBCNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer☒Accelerated Filer☐
Non-accelerated filer☐Smaller reporting company☐
  Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐ No ☒

At October 25, 2023, there were 7,150,020,118 common shares outstanding.


PART I - FINANCIAL INFORMATION
Item 1. Financial Statements

AT&T INC.
CONSOLIDATED STATEMENTS OF INCOME
Dollars in millions except per share amounts
(Unaudited)
 Three months endedNine months ended
 September 30,September 30,
 2023202220232022
Operating Revenues    
Service$25,112 $24,731 $74,579 $72,998 
Equipment5,238 5,312 15,827 16,400 
Total operating revenues30,350 30,043 90,406 89,398 
Operating Expenses
Cost of revenues
Equipment5,219 5,440 15,933 17,010 
Other cost of revenues (exclusive of depreciation and
amortization shown separately below)
6,835 6,761 20,279 20,267 
Selling, general and administrative7,205 7,202 21,389 21,445 
Asset impairments and abandonments and restructuring
604 114 604 745 
Depreciation and amortization4,705 4,514 14,011 13,426 
Total operating expenses24,568 24,031 72,216 72,893 
Operating Income5,782 6,012 18,190 16,505 
Other Income (Expense)
Interest expense(1,662)(1,420)(4,978)(4,548)
Equity in net income of affiliates420 392 1,338 1,417 
Other income (expense) — net
440 2,270 2,362 6,729 
Total other income (expense)(802)1,242 (1,278)3,598 
Income from Continuing Operations Before Income Taxes4,980 7,254 16,912 20,103 
Income tax expense on continuing operations1,154 908 3,871 3,857 
Income from Continuing Operations3,826 6,346 13,041 16,246 
Income (loss) from discontinued operations, net of tax
— 53 — (146)
Net Income3,826 6,399 13,041 16,100 
Less: Net Income Attributable to Noncontrolling Interest(331)(373)(829)(1,107)
Net Income Attributable to AT&T$3,495 $6,026 $12,212 $14,993 
Less: Preferred Stock Dividends(51)(49)(155)(149)
Net Income Attributable to Common Stock$3,444 $5,977 $12,057 $14,844 
Basic Earnings Per Share from continuing operations$0.48 $0.82 $1.67 $2.08 
Basic Earnings (Loss) Per Share from discontinued operations$— $0.01 $— $(0.02)
Basic Earnings Per Share Attributable to Common Stock$0.48 $0.83 $1.67 $2.06 
Diluted Earnings Per Share from continuing operations$0.48 $0.79 $1.67 $2.03 
Diluted Earnings (Loss) Per Share from discontinued operations$— $0.01 $— $(0.02)
Diluted Earnings Per Share Attributable to Common Stock$0.48 $0.80 $1.67 $2.01 
Weighted Average Number of Common Shares
Outstanding — Basic (in millions)
7,185 7,153 7,178 7,169 
Weighted Average Number of Common Shares
Outstanding — with Dilution (in millions)
7,185 7,647 7,280 7,605 
See Notes to Consolidated Financial Statements.
3

AT&T INC.    
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME   
Dollars in millions    
(Unaudited)    
 Three months endedNine months ended
 September 30,September 30,
 2023202220232022
Net income$3,826 $6,399 $13,041 $16,100 
Other comprehensive income (loss), net of tax:
Foreign currency:
Translation adjustment, net of taxes of $(29), $(38), $111
and $25
(90)(88)367 160 
Distribution of WarnerMedia, net of taxes of $0, $0,
$0 and $(38)
— (12)— (182)
Securities:
Net unrealized gains (losses), net of taxes of $(12), $(15),
$(8) and $(52)
(37)(43)(25)(152)
Reclassification adjustment included in net income,
net of taxes of $1, $1, $3 and $3
2 1 7 7 
Derivative instruments:
Net unrealized gains (losses), net of taxes of $211, $(143),
$213 and $(246)
843 (540)867 (885)
Reclassification adjustment included in net income,
net of taxes of $3, $3, $9 and $22
12 12 35 85 
Distribution of WarnerMedia, net of taxes of $0, $0,
$0 and $(12)
— — — (24)
Defined benefit postretirement plans:
Net prior service credit arising during the period, net of
taxes of $0, $583, $0 and $583
— 1,787 — 1,787 
Amortization of net prior service credit included in
net income, net of taxes of $(160), $(180), $(481)
and $(484)
(490)(551)(1,472)(1,477)
Distribution of WarnerMedia, net of taxes of $0, $0, $0
and $5
— — — 25 
Other comprehensive income (loss)240 566 (221)(656)
Total comprehensive income4,066 6,965 12,820 15,444 
Less: Total comprehensive income attributable to
noncontrolling interest
(331)(373)(829)(1,107)
Total Comprehensive Income Attributable to AT&T$3,735 $6,592 $11,991 $14,337 
See Notes to Consolidated Financial Statements.

4


AT&T INC.
CONSOLIDATED BALANCE SHEETS
Dollars in millions except per share amounts
(Unaudited)
September 30,December 31,
 20232022
Assets
Current Assets  
Cash and cash equivalents$7,540 $3,701 
Accounts receivable – net of related allowances for credit loss of $484 and $588
8,962 11,466 
Inventories2,520 3,123 
Prepaid and other current assets16,598 14,818 
Total current assets35,620 33,108 
Property, plant and equipment337,309 329,630 
Less: accumulated depreciation and amortization(208,813)(202,185)
Property, Plant and Equipment – Net128,496 127,445 
Goodwill – Net67,854 67,895 
Licenses – Net127,113 124,092 
Other Intangible Assets – Net5,332 5,354 
Investments in and Advances to Equity Affiliates1,847 3,533 
Operating Lease Right-Of-Use Assets21,001 21,814 
Other Assets19,435 19,612 
Total Assets$406,698 $402,853 
Liabilities and Stockholders’ Equity
Current Liabilities
Debt maturing within one year$11,302 $7,467 
Note payable to DIRECTV— 130 
Accounts payable and accrued liabilities34,659 42,644 
Advanced billings and customer deposits3,703 3,918 
Dividends payable2,020 2,014 
Total current liabilities51,684 56,173 
Long-Term Debt126,701 128,423 
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes58,671 57,032 
Postemployment benefit obligation6,494 7,260 
Operating lease liabilities17,730 18,659 
Other noncurrent liabilities25,591 28,849 
Total deferred credits and other noncurrent liabilities108,486 111,800 
Redeemable Noncontrolling Interest1,972 — 
Stockholders’ Equity
Preferred stock ($1 par value, 10,000,000 authorized at September 30, 2023 and December 31, 2022):
Series A (48,000 issued and outstanding at September 30, 2023 and December 31, 2022)
— — 
Series B (20,000 issued and outstanding at September 30, 2023 and December 31, 2022)
— — 
Series C (70,000 issued and outstanding at September 30, 2023 and December 31, 2022)
— — 
Common stock ($1 par value, 14,000,000,000 authorized at September 30, 2023 and
December 31, 2022: issued 7,620,748,598 at September 30, 2023 and December 31, 2022)
7,621 7,621 
Additional paid-in capital116,890 123,610 
Retained (deficit) earnings(7,203)(19,415)
Treasury stock (471,150,008 at September 30, 2023 and 493,156,816 at December 31, 2022, at cost)
(16,150)(17,082)
Accumulated other comprehensive income2,545 2,766 
Noncontrolling interest14,152 8,957 
Total stockholders’ equity117,855 106,457 
Total Liabilities and Stockholders’ Equity$406,698 $402,853 
See Notes to Consolidated Financial Statements.
5

AT&T INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Dollars in millions
(Unaudited)  
 Nine months ended
 September 30,
 20232022
Operating Activities  
Income from continuing operations$13,041 $16,246 
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
   Depreciation and amortization14,011 13,426 
   Provision for uncollectible accounts1,409 1,323 
   Deferred income tax expense3,163 2,947 
   Net (gain) loss on investments, net of impairments335 412 
   Pension and postretirement benefit expense (credit)(1,966)(2,529)
Actuarial and settlement (gain) loss on pension and postretirement benefits - net(145)(3,838)
Asset impairments and abandonments and restructuring604 745 
Changes in operating assets and liabilities:
   Receivables1,173 1,021 
   Other current assets57 (799)
   Accounts payable and other accrued liabilities(5,062)(3,261)
   Equipment installment receivables and related sales(56)906 
   Deferred customer contract acquisition and fulfillment costs47 (756)
Postretirement claims and contributions(715)(443)
Other - net1,040 64 
Total adjustments13,895 9,218 
Net Cash Provided by Operating Activities from Continuing Operations26,936 25,464 
Investing Activities
Capital expenditures(13,252)(15,397)
Acquisitions, net of cash acquired(923)(9,959)
Dispositions66 49 
Distributions from DIRECTV in excess of cumulative equity in earnings1,447 2,205 
(Purchases), sales and settlements of securities and investments - net(1,043)93 
Other - net(81)(2)
Net Cash Used in Investing Activities from Continuing Operations(13,786)(23,011)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less(914)84 
Issuance of other short-term borrowings5,406 3,955 
Repayment of other short-term borrowings(979)(16,861)
Issuance of long-term debt9,633 479 
Repayment of long-term debt(11,889)(24,412)
Repayment of note payable to DIRECTV(130)(1,070)
Payment of vendor financing(4,736)(4,237)
Purchase of treasury stock(190)(875)
Issuance of treasury stock3 28 
Issuance of preferred interests in subsidiary7,151 — 
Redemption of preferred interests in subsidiary(5,333)— 
Dividends paid(6,116)(7,845)
Other - net(1,190)(3,649)
Net Cash Used in Financing Activities from Continuing Operations(9,284)(54,403)
Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations3,866 (51,950)
Cash flows from Discontinued Operations:
Cash (used in) provided by operating activities— (3,754)
Cash provided by (used in) investing activities— 1,029 
Cash provided by (used in) financing activities— 35,853 
Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued operations— 33,128 
Net increase (decrease) in cash and cash equivalents and restricted cash$3,866 $(18,822)
Cash and cash equivalents and restricted cash beginning of year3,793 21,316 
Cash and Cash Equivalents and Restricted Cash End of Period$7,659 $2,494 
See Notes to Consolidated Financial Statements.
6

AT&T INC.    
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Dollars and shares in millions except per share amounts    
(Unaudited)    
 Three months endedNine months ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
 SharesAmountSharesAmountSharesAmountSharesAmount
Preferred Stock - Series A        
Balance at beginning of period— $— — $— — $— — $— 
Balance at end of period— $— — $— — $— — $— 
Preferred Stock - Series B
Balance at beginning of period— $— — $— — $— — $— 
Balance at end of period— $— — $— — $— — $— 
Preferred Stock - Series C
Balance at beginning of period— $— — $— — $— — $— 
Balance at end of period— $— — $— — $— — $— 
Common Stock
Balance at beginning of period7,621 $7,621 7,621 $7,621 7,621 $7,621 7,621 $7,621 
Balance at end of period7,621 $7,621 7,621 $7,621 7,621 $7,621 7,621 $7,621 
Additional Paid-In Capital
Balance at beginning of period$118,833 $122,850 $123,610 $130,112 
Distribution of WarnerMedia— — — (6,832)
Preferred stock dividends(36)— (170)— 
Common stock dividends
($0.2775 and $0.8325 per share
in 2023)
(1,997)— (5,998)— 
Issuance of treasury stock(3)(5)(371)(149)
Share-based payments93 88 (181)(198)
Balance at end of period$116,890 $122,933 $116,890 $122,933 
Retained (Deficit) Earnings
Balance at beginning of period$(10,698)$2,128 $(19,415)$42,350 
Net income attributable to AT&T3,495 6,026 12,212 14,993 
Distribution of WarnerMedia— — — (45,041)
Preferred stock dividends— (36)— (171)
Common stock dividends
($0.2775 and $0.8325 per share
in 2022)
— (1,991)— (6,004)
Balance at end of period$(7,203)$6,127 $(7,203)$6,127 
See Notes to Consolidated Financial Statements.
7

AT&T INC.    
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - continued
Dollars and shares in millions except per share amounts    
(Unaudited)    
 Three months endedNine months ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
 SharesAmountSharesAmountSharesAmountSharesAmount
Treasury Stock        
Balance at beginning of period(471)$(16,158)(495)$(17,160)(493)$(17,082)(480)$(17,280)
Repurchase and acquisition of
common stock
— (1)— (3)(10)(190)(43)(875)
Reissuance of treasury stock— 9 — 15 32 1,122 28 1,007 
Balance at end of period(471)$(16,150)(495)$(17,148)(471)$(16,150)(495)$(17,148)
Accumulated Other Comprehensive Income
Attributable to AT&T, net of tax
Balance at beginning of period$2,305 $2,307 $2,766 $3,529 
Other comprehensive income
(loss) attributable to AT&T
240 566 (221)(656)
Balance at end of period$2,545 $2,873 $2,545 $2,873 
Noncontrolling Interest1
Balance at beginning of period$14,172 $17,561 $8,957 $17,523 
Net income attributable to
noncontrolling interest
295 373 787 1,107 
Issuance and acquisition
(disposition) by noncontrolling
owners
(1)— 5,180 — 
Redemption of noncontrolling
interest
— (18)— (34)
Distributions(314)(344)(772)(1,024)
Balance at end of period$14,152 $17,572 $14,152 $17,572 
Total Stockholders' Equity
at beginning of period
$116,075 $135,307 $106,457 $183,855 
Total Stockholders' Equity
at end of period
$117,855 $139,978 $117,855 $139,978 
1Excludes redeemable noncontrolling interest
See Notes to Consolidated Financial Statements.

8
AT&T INC.
SEPTEMBER 30, 2023

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
Dollars in millions except per share amounts

NOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS
 
Basis of Presentation Throughout this document, AT&T Inc. is referred to as “we,” “AT&T” or the “Company.” The consolidated financial statements include the accounts of the Company and subsidiaries and affiliates which we control. AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications and technology industries. You should read this document in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2022. The results for the interim periods are not necessarily indicative of those for the full year. These consolidated financial statements include all adjustments that are necessary to present fairly the results for the presented interim periods, consisting of normal recurring accruals and other items.

All significant intercompany transactions are eliminated in the consolidation process. Investments in subsidiaries and partnerships which we do not control but have significant influence are accounted for under the equity method. Earnings from certain investments accounted for using the equity method are included in our results on a one quarter lag. We also record our proportionate share of our equity method investees’ other comprehensive income (OCI) items, including translation adjustments.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions, including estimates of fair value, probable losses and expenses, that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Certain prior period amounts have been conformed to the current period’s presentation. Unless otherwise noted, the information in Notes 1 through 12 refer only to our continuing operations and do not include discussion of balances or activity of WarnerMedia, Vrio, Xandr and Playdemic Ltd., which were part of discontinued operations.

Accounting Policies, Adopted and Pending Accounting Standards and Other Changes

Supplier Finance Obligations As of January 1, 2023, we adopted, with retrospective application, the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2022-04, “Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations” (ASU 2022-04), which establishes interim and annual reporting disclosure requirements about a company’s supplier finance programs for its purchase of goods and services. Interim and annual requirements include disclosure of outstanding amounts under the obligations as of the end of the reporting period, and annual requirements include a rollforward of those obligations for the annual reporting period, as well as a description of payment and other key terms of the programs. The annual rollforward requirement becomes effective for annual periods beginning after December 15, 2023, with prospective application. In the year of adoption, the disclosure of payment and other key terms under the programs and outstanding balances under the obligations also applies to interim reporting dates.

9
AT&T INC.
SEPTEMBER 30, 2023

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - Continued
Dollars in millions except per share amounts

NOTE 2. EARNINGS PER SHARE
 
A reconciliation of the numerators and denominators of basic and diluted earnings per share for the three months and nine months ended September 30, 2023 and 2022, is shown in the table below:
 Three months endedNine months ended
 September 30,September 30,
 2023202220232022
Numerators    
Numerator for basic earnings per share:    
Income from continuing operations, net of tax$3,826 $6,346 $13,041 $16,246 
Net income from continuing operations attributable to
noncontrolling interests
(331)(373)(829)(1,107)
Preferred Stock Dividends(51)(49)(155)(149)
Income from continuing operations attributable to
common stock
3,444 5,924 12,057 14,990 
Income (loss) from discontinued operations attributable to
common stock
— 53 — (146)
Net Income Attributable to Common Stock$3,444 $5,977 $12,057 $14,844 
Dilutive potential common shares:
Mobility preferred interests— 139 72 419 
Share-based payment— 4 10 13 
Numerator for diluted earnings per share$3,444 $6,120 $12,139 $15,276 
Denominators (000,000)
Denominator for basic earnings per share:
Weighted average number of common shares outstanding7,185 7,153 7,178 7,169 
Dilutive potential common shares:
Mobility preferred interests (in shares)— 446 95 394 
Share-based payment (in shares)— 48 7 42 
Denominator for diluted earnings per share7,185 7,647 7,280 7,605 

On April 5, 2023, we repurchased all our Series A Cumulative Perpetual Preferred Membership Interests in AT&T Mobility II LLC (Mobility preferred interests) (see Note 12). For periods prior to repurchase, under ASU No. 2020-06, “Debt—Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (ASU 2020-06), the ability to settle the Mobility preferred interests in stock was reflected in our diluted earnings per share calculation.
10
AT&T INC.
SEPTEMBER 30, 2023

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - Continued
Dollars in millions except per share amounts

NOTE 3. OTHER COMPREHENSIVE INCOME
 
Changes in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax and exclude noncontrolling interest.
 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2022$(1,800)$(90)$(1,998)$6,654 $2,766 
Other comprehensive income
(loss) before reclassifications
367 (25)867 — 1,209 
Amounts reclassified from
accumulated OCI
— 17 135 2(1,472)3(1,430)
Net other comprehensive
income (loss)
367 (18)902 (1,472)(221)
Balance as of September 30, 2023$(1,433)$(108)$(1,096)$5,182 $2,545 
 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2021$(1,964)$45 $(1,422)$6,870 $3,529 
Other comprehensive income
(loss) before reclassifications
160 (152)(885)1,787 910 
Amounts reclassified from
accumulated OCI
— 17 185 2(1,477)3(1,385)
Distribution of WarnerMedia(182)— (24)25 (181)
Net other comprehensive
income (loss)
(22)(145)(824)335 (656)
Balance as of September 30, 2022$(1,986)$(100)$(2,246)$7,205 $2,873 
1(Gains) losses are included in “Other income (expense) - net” in the consolidated statements of income.
2(Gains) losses are primarily included in “Interest expense” in the consolidated statements of income (see Note 7).
3The amortization of prior service credits associated with postretirement benefits are included in “Other income (expense) - net” in the consolidated statements of income (see Note 6).


NOTE 4. SEGMENT INFORMATION
 
Our segments are comprised of strategic business units or other operations that offer products and services to different customer segments over various technology platforms and/or in different geographies that are managed accordingly. We have two reportable segments: Communications and Latin America.
 
We also evaluate segment and business unit performance based on EBITDA and/or EBITDA margin, which is defined as operating income excluding depreciation and amortization. EBITDA is used as part of our management reporting and we believe EBITDA to be a relevant and useful measurement to our investors as it measures the cash generation potential of our business units. EBITDA does not give effect to depreciation and amortization expenses incurred in operating income nor is it burdened by cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA margin is EBITDA divided by total revenue.

11
AT&T INC.
SEPTEMBER 30, 2023

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - Continued
Dollars in millions except per share amounts

Effective for the first quarter of 2023, we stopped recording prior service credits to our individual business units or the corresponding charge to Corporate and Other, and segment operating expenses were recast to remove prior service credits from our historical reporting. Prior service credits are, and will continue to be, recorded as other income in our consolidated income statement in accordance with GAAP. This recast increased Communications segment operations and support expenses by approximately $2,400 for full-year 2022. Correspondingly, this recast lowered administrative expenses within Corporate and Other, with no change on a consolidated basis.

The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the U.S. and businesses globally. Our business strategies reflect bundled product offerings that cut across product lines and utilize shared assets. This segment contains the following business units:
•Mobility provides nationwide wireless service and equipment.
•Business Wireline provides advanced ethernet-based fiber services, IP Voice and managed professional services, as well as traditional voice and data services and related equipment to business customers.
•Consumer Wireline provides broadband services, including fiber connections that provide our multi-gig services to residential customers in select locations. Consumer Wireline also provides legacy telephony voice communication services.

The Latin America segment provides wireless services and equipment in Mexico.
 
Corporate and Other reconciles our segment results to consolidated operating income and income before income taxes.

Corporate includes:
•