v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 8,366 $ 19,048
Accounts receivable 27,966 28,347
Less Allowance for credit losses 1,311 1,250
Accounts receivable, net 26,655 27,097
Inventories 2,320 2,441
Prepaid expenses and other 7,382 8,336
Total current assets 44,723 56,922
Property, plant and equipment 357,650 337,991
Less Accumulated depreciation 231,678 228,524
Property, plant and equipment, net 125,972 109,467
Investments in unconsolidated businesses 730 785
Wireless licenses 157,082 157,039
Goodwill 30,628 22,841
Other intangible assets, net 12,799 10,458
Operating lease right-of-use assets 23,401 23,498
Other assets 22,547 23,248
Total assets 417,882 404,258
Current liabilities    
Debt maturing within one year 28,229 18,618
Accounts payable and accrued liabilities 21,932 24,981
Current operating lease liabilities 4,720 4,542
Other current liabilities 14,999 14,229
Total current liabilities 69,880 62,370
Long-term debt 144,231 139,532
Employee benefit obligations 12,023 11,099
Deferred income taxes 49,312 48,717
Non-current operating lease liabilities 18,692 18,951
Other liabilities 19,122 17,848
Total long-term liabilities 243,380 236,147
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 13,263 13,372
Retained earnings 96,824 94,744
Accumulated other comprehensive loss (2,372) (1,727)
Common stock in treasury, at cost (115,874,736 and 74,258,296 shares outstanding) (5,335) (3,255)
Deferred compensation – employee stock ownership plans (ESOPs) and other 500 897
Noncontrolling interests 1,313 1,281
Total equity 104,622 105,741
Total liabilities and equity $ 417,882 $ 404,258