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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information
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.

Our chief operating decision maker (CODM) is our Chief Executive Officer and President. Our CODM uses operating income to evaluate performance and allocate resources, including capital allocations, when managing the business. Our CODM manages operations through the review of actual and forecasted “Operations and Support Expenses” information at a segment and business unit level, with Communications and Latin America segments primarily evaluated on a direct cost basis and comprised of equipment, compensation, network and technology, sales, advertising and other costs.

Additionally, business unit expenses within the Communications segment include direct and shared costs. Direct costs are incurred in support of products and services offered by the business units, such as equipment costs (predominantly wireless devices), network access, rents, leases, sales support, customer provisioning and commission expenses. Shared costs amongst the business units generally include information technology, network engineering and construction costs, advertising and other general and administrative expense.
The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the United States and businesses globally. Our business strategies reflect integrated 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, fixed wireless services, IP Voice and managed professional services, as well as legacy voice and data services and related equipment, to business customers.
•Consumer Wireline provides broadband services, including fiber connections that provide multi-gig services, and our fixed wireless access product (AT&T Internet Air or “AIA”) that provides internet services delivered over our 5G wireless network, to residential customers in select locations. Consumer Wireline also provides legacy telephony voice communication services.

The Latin America segment provides wireless service and equipment in Mexico.
Corporate and Other reconciles our segment results to consolidated operating income and income before income taxes.
Corporate includes:
•DTV-related retained costs, which are costs previously allocated to the Video business that were retained after the transaction, net of reimbursements from DIRECTV under transition service agreements.
•Parent administration support, which includes costs borne by AT&T where the business units do not influence decision making.
•Securitization fees associated with our sales of receivables (see Note 17).
•Value portfolio, which are businesses no longer integral to our operations or which we no longer actively market.

Other items consist of:
•Certain significant items, which includes items associated with the merger and integration of acquired or divested businesses, including amortization of intangible assets, employee separation charges associated with voluntary and/or strategic offers, asset impairments and abandonments and restructuring, and other items for which the segments are not being evaluated.
“Interest expense” and “Other income (expense) – net” are managed only on a total company basis and are, accordingly, reflected only in consolidated results.
For the year ended December 31, 2024
RevenuesOperations
and Support
Expenses
Depreciation
and
Amortization
Operating
Income
(Loss)
Communications
Mobility$85,255 $48,724 $10,217 $26,314 
Business Wireline18,819 13,352 5,555 (88)
Consumer Wireline13,578 9,048 3,661 869 
Total Communications117,652 71,124 19,433 27,095 
Latin America – Mexico
4,232 3,535 657 40 
Segment Total121,884 74,659 20,090 27,135 
Corporate and Other
Corporate:
DTV-related retained costs— 465 414 (879)
Parent administration support(2)1,722 6 (1,730)
Securitization fees116 628 — (512)
Value portfolio338 102 17 219 
Total Corporate452 2,917 437 (2,902)
Certain significant items— 5,131 53 (5,184)
Total Corporate and Other452 8,048 490 (8,086)
AT&T Inc.$122,336 $82,707 $20,580 $19,049 
For the year ended December 31, 2023
RevenuesOperations
and Support
Expenses		Depreciation
and
Amortization		Operating
Income
(Loss)
Communications
Mobility$83,982 $49,604 $8,517 $25,861 
Business Wireline20,883 14,217 5,377 1,289 
Consumer Wireline13,173 9,053 3,469 651 
Total Communications118,038 72,874 17,363 27,801 
Latin America – Mexico
3,932 3,349 724 (141)
Segment Total121,970 76,223 18,087 27,660 
Corporate and Other
Corporate:
DTV-related retained costs— 686 586 (1,272)
Parent administration support(7)1,416 6 (1,429)
Securitization fees85 604 — (519)
Value portfolio380 99 22 259 
Total Corporate458 2,805 614 (2,961)
Certain significant items— 1,162 76 (1,238)
Total Corporate and Other458 3,967 690 (4,199)
AT&T Inc.$122,428 $80,190 $18,777 $23,461 
For the year ended December 31, 2022
RevenuesOperations
and Support
Expenses		Depreciation
and
Amortization		Operating
Income
(Loss)
Communications
Mobility$81,780 $49,770 $8,198 $23,812 
Business Wireline22,538 14,934 5,314 2,290 
Consumer Wireline12,749 8,946 3,169 634 
Total Communications117,067 73,650 16,681 26,736 
Latin America – Mexico
3,144 2,812 658 (326)
Segment Total120,211 76,462 17,339 26,410 
Corporate and Other
Corporate:
DTV-related retained costs8 878 549 (1,419)
Parent administration support(32)1,378 16 (1,426)
Securitization fees65 419 — (354)
Value portfolio489 139 41 309 
Total Corporate530 2,814 606 (2,890)
Certain significant items— 28,031 76 (28,107)
Total Corporate and Other530 30,845 682 (30,997)
AT&T Inc.$120,741 $107,307 $18,021 $(4,587)
The following table is a reconciliation of Segment Operating Income to “Income (Loss) from Continuing Operations Before Income Taxes” reported in our consolidated statements of income:
For the years ended December 31,
202420232022
Communications$27,095 $27,801 $26,736 
Latin America40 (141)(326)
Segment Operating Income27,135 27,660 26,410 
Reconciling Items:
Corporate(2,902)(2,961)(2,890)
Transaction and other costs(123)(98)(425)
Amortization of intangibles acquired(53)(76)(76)
Asset impairments and abandonments and restructuring(5,075)(1,193)(27,498)
Benefit-related gains (losses)67 129 (108)
AT&T Operating Income (Loss)19,049 23,461 (4,587)
Interest expense
6,759 6,704 6,108 
Equity in net income of affiliates1,989 1,675 1,791 
Other income (expense) – net2,419 1,416 5,810 
Income (Loss) from Continuing Operations Before Income Taxes$16,698 $19,848 $(3,094)
The following table sets forth revenues earned from customers, and property, plant and equipment located in different geographic areas:

At or for the years ended December 31,
202420232022
Revenues
Net Property,
Plant &
Equipment
Revenues
Net Property,
Plant &
Equipment
Revenues
Net Property,
Plant &
Equipment
United States$116,882 $125,573 $117,097 $124,387 $116,006 $123,305 
Mexico4,286 2,981 3,993 3,750 3,210 3,718 
Asia/Pacific Rim462 82 521 99 592 124 
Europe441 139 504 166 584 201 
Latin America149 60 194 67 217 74 
Other116 36 119 20 132 23 
Total$122,336 $128,871 $122,428 $128,489 $120,741 $127,445 

The following table presents assets, investments in equity affiliates and capital expenditures by segment:

At or for the years ended December 31,20242023
AssetsInvestments in
Equity Method
Investees		Capital
Expenditures		AssetsInvestments in
Equity Method
Investees		Capital
Expenditures
Communications$481,757 $— $19,335 $504,006 $— $16,876 
Latin America7,808 — 269 9,314 — 298 
Corporate and eliminations
(94,770)295 659 (106,260)1,251 679 
Total$394,795 $295 $20,263 $407,060 $1,251 $17,853