v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 11,964 $ 18,234
Accounts receivable – net of related allowances for credit loss of $363 and $429 8,335 8,843
Inventories 2,451 2,420
Prepaid and other current assets 23,532 19,235
Total current assets 46,282 48,732
Property, plant and equipment 349,454 347,570
Less: accumulated depreciation and amortization (216,330) (216,011)
Property, Plant and Equipment – Net 133,124 131,559
Goodwill – Net 63,838 63,425
Licenses – Net 129,144 128,148
Other Intangible Assets – Net 6,135 5,254
Investments in and Advances to Equity Affiliates 1,108 1,106
Operating Lease Right-Of-Use Assets 22,756 22,642
Other Assets 18,801 19,332
Total Assets 421,188 420,198
Current Liabilities    
Debt maturing within one year 6,818 9,011
Accounts payable and accrued liabilities 37,304 38,514
Advanced billings and customer deposits 4,330 4,266
Dividends payable 1,969 1,989
Total current liabilities 50,421 53,780
Long-Term Debt 131,589 127,089
Deferred Credits and Other Noncurrent Liabilities    
Noncurrent deferred tax liabilities 59,113 58,312
Postemployment benefit obligation 8,427 8,478
Operating lease liabilities 18,907 18,943
Other noncurrent liabilities 25,109 25,104
Total deferred credits and other noncurrent liabilities 111,556 110,837
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]    
Redeemable Noncontrolling Interest 2,003 2,001
Stockholders’ Equity    
Common stock ($1 par value, 14,000,000,000 authorized at March 31, 2026 and December 31, 2025: issued 7,620,748,598 at March 31, 2026 and December 31, 2025) 7,621 7,621
Additional paid-in capital 106,084 106,533
Retained earnings 17,620 15,768
Treasury stock (655,850,883 at March 31, 2026 and 583,246,242 at December 31, 2025, at cost) (20,273) (18,529)
Accumulated other comprehensive income (loss) (1,392) (860)
Noncontrolling interest 15,959 15,958
Total stockholders’ equity 125,619 126,491
Total Liabilities and Stockholders’ Equity 421,188 420,198
Series A (48,000 issued and outstanding at March 31, 2026 and December 31, 2025)    
Stockholders’ Equity    
Preferred stock ($1 par value, 10,000,000 authorized at March 31, 2026 and December 31, 2025): 0 0
Series B (20,000 issued and 0 outstanding at March 31, 2026 and December 31, 2025)    
Stockholders’ Equity    
Preferred stock ($1 par value, 10,000,000 authorized at March 31, 2026 and December 31, 2025): 0 0
Series C (70,000 issued and outstanding at March 31, 2026 and December 31, 2025)    
Stockholders’ Equity    
Preferred stock ($1 par value, 10,000,000 authorized at March 31, 2026 and December 31, 2025): $ 0 $ 0