Pension And Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Pension And Postretirement Benefits

Schedule Of Plan Obligations In Excess Of Plan Assets [Table Text Block]

The following table presents the change in the projected benefit obligation for the years ended December 31:

	Pension Benefits						Postretirement Benefits
	2019			2018			2019			2018
Benefit obligation at beginning of year	$	55,439		$	59,294		$	19,378		$	24,059
Service cost - benefits earned during the period		1,019			1,116			71			109
Interest cost on projected benefit obligation		1,960			2,092			675			778
Amendments		-			50			(4,590)			(1,145)
Actuarial (gain) loss		7,734			(5,046)			2,050			(2,815)
Special termination benefits		81			1			-			1
Benefits paid		(6,356)			(4,632)			(1,543)			(1,680)
Acquisitions		-			2,559			-			71
Plan transfers		(4)			5			-			-
Benefit obligation at end of year	$	59,873		$	55,439		$	16,041		$	19,378

The following table presents the change in the fair value of plan assets for the years ended December 31 and the plans’
funded status at December 31:

		Pension Benefits						Postretirement Benefits
		2019			2018			2019			2018
Fair value of plan assets at beginning of year		$	51,681		$	45,463		$	4,277		$	5,973
Actual return on plan assets			8,207			(1,044)			609			(218)
Benefits paid¹			(6,356)			(4,632)			(941)			(1,503)
Contributions			2			9,307			200			25
Acquisitions			-			2,582			-			-
Plan transfers			(4)			5			-			-
Fair value of plan assets at end of year			53,530			51,681			4,145			4,277
Unfunded status at end of year²		$	(6,343)		$	(3,758)		$	(11,896)		$	(15,101)
¹	At our discretion, certain postretirement benefits may be paid from AT&T cash accounts, which does not reduce
	Voluntary Employee Benefit Association (VEBA) assets. Future benefit payments may be made from VEBA trusts and
	thus reduce those asset balances.
²	Funded status is not indicative of our ability to pay ongoing pension benefits or of our obligation to fund retirement trusts.
	Required pension funding is determined in accordance with the Employee Retirement Income Security Act of 1974, as
	amended (ERISA) and applicable regulations.

Amounts recognized on our consolidated balance sheets at December 31 are listed below:

		Pension Benefits						Postretirement Benefits
		2019			2018			2019			2018
Current portion of employee benefit obligation¹		$	-		$	-		$	(1,365)		$	(1,464)
Employee benefit obligation²			(6,343)			(3,758)			(10,531)			(13,637)
Net amount recognized		$	(6,343)		$	(3,758)		$	(11,896)		$	(15,101)
¹	Included in “Accounts payable and accrued liabilities.”
²	Included in “Postemployment benefit obligation.”

Schedule Of Defined Benefit Plan And Postretirement Benefits Disclosure [Table Text Block]

The following table presents the components of net periodic benefit cost (credit):

	Pension Benefits									Postretirement Benefits
	2019			2018			2017			2019			2018			2017
Service cost – benefits earned during the period	$	1,019		$	1,116		$	1,128		$	71		$	109		$	138
Interest cost on projected benefit obligation		1,960			2,092			1,936			675			778			809
Expected return on assets		(3,561)			(3,190)			(3,134)			(227)			(304)			(319)
Amortization of prior service credit		(113)			(115)			(123)			(1,820)			(1,635)			(1,466)
Actuarial (gain) loss		3,088			(812)			844			1,670			(2,290)			342
Net pension and postretirement cost (credit)	$	2,393		$	(909)		$	651		$	369		$	(3,342)		$	(496)

Other Changes in Benefit Obligations Recognized in Other Comprehensive Income
The following table presents the after-tax changes in benefit obligations recognized in OCI and the after-tax prior service
credits that were amortized from OCI into net periodic benefit costs:

	Pension Benefits									Postretirement Benefits
		2019			2018			2017			2019			2018			2017
Balance at beginning of year	$	447		$	571		$	575		$	6,086		$	6,456		$	5,089
Prior service (cost) credit		-			(37)			(30)			3,457			864			1,120
Amortization of prior service credit		(86)			(87)			(76)			(1,372)			(1,234)			(907)
Total recognized in other comprehensive (income) loss		(86)			(124)			(106)			2,085			(370)			213
Adoption of ASU 2018-02		-			-			102			-			-			1,154
Balance at end of year	$	361		$	447		$	571		$	8,171		$	6,086		$	6,456

Schedule Of Assumptions In Determining The Projected Benefit Obligation And Net Pension And Postretirement Benefit Cost [Table Text Block]

Assumptions
In determining the projected benefit obligation and the net pension and postretirement benefit cost, we used the following
significant weighted-average assumptions:

		Pension Benefits									Postretirement Benefits
		2019			2018			2017			2019			2018			2017
Weighted-average discount rate for determining benefit obligation at December 31		3.40	%		4.50	%		3.80	%		3.20	%		4.40	%		3.70	%
Discount rate in effect for determining service cost^1,2		4.10	%		4.20	%		4.60	%		4.40	%		4.30	%		4.60	%
Discount rate in effect for determining interest cost^1,2		3.50	%		3.80	%		3.60	%		3.70	%		3.60	%		3.40	%
Weighted-average interest crediting rate for cash balance pension programs³		3.30	%		3.70	%		3.50	%		-	%		-	%		-	%
Long-term rate of return on plan assets		7.00	%		7.00	%		7.75	%		5.75	%		5.75	%		5.75	%
Composite rate of compensation increase for determining benefit obligation		3.00	%		3.00	%		3.00	%		3.00	%		3.00	%		3.00	%
Composite rate of compensation increase for determining net cost (benefit)		3.00	%		3.00	%		3.00	%		3.00	%		3.00	%		3.00	%
¹	Weighted-average discount rate for pension benefits in effect from January 1, 2019 through March 31, 2019 was 4.60% for service cost and
	4.20% for interest cost, from April 1, 2019 through June 30, 2019 was 4.30% for service cost and 3.70% for interest cost, from July 1, 2019
	through September 30, 2019 was 3.90% for service cost and 3.20% for interest cost, and, from October 1, 2019 through December 31, 2019
	was 3.50% for service cost and 3.00% for interest cost.
²	Weighted-average discount rate for postretirement benefits in effect from January 1, 2019 through October 1, 2019 was 4.70% for service
	cost and 4.00% for interest cost, and, from October 2, 2019 through December 31, 2019 was 3.40% for service cost and 2.70% for interest cost.
³	Weighted-average interest crediting rates for cash balance pension programs relate only to the cash balance portion of total pension benefits.
	A 0.50% increase in the weighted-average interest crediting rate would increase the pension benefit obligation by $130.

Schedule Of Defined Benefit Plan Targeted And Actual Plan Asset Allocations [Table Text Block]

The plans’ weighted-average asset targets and actual allocations as a percentage of plan assets, including the notional
exposure of future contracts by asset categories at December 31, are as follows:

	Pension Assets										Postretirement (VEBA) Assets
	Target					2019		2018			Target					2019		2018
Equity securities:
Domestic	15	%	-	25	%	17	%	16	%		15	%	-	25	%	20	%	25	%
International	7	%	-	17	%	12		12			8	%	-	18	%	12		18
Fixed income securities	29	%	-	39	%	35		37			47	%	-	57	%	52		39
Real assets	4	%	-	14	%	9		9			-	%	-	6	%	1		1
Private equity	2	%	-	12	%	8		8			-	%	-	7	%	2		2
Preferred interest	13	%	-	23	%	17		18			-	%	-	-	%	-		-
Other	-	%	-	5	%	2		-			9	%	-	19	%	13		15
Total						100	%	100	%							100	%	100	%

Schedule Of Fair Value Of Pension And Postretirement Assets And Liabilities By Level [Table Text Block]

Pension Assets and Liabilities at Fair Value as of December 31, 2019
		Level 1			Level 2			Level 3			Total
Non-interest bearing cash		$	85		$	-		$	-		$	85
Interest bearing cash			529			-			-			529
Foreign currency contracts			-			5			-			5
Equity securities:
Domestic equities			8,068			-			4			8,072
International equities			3,929			11			6			3,946
Preferred interest			-			-			8,806			8,806
Fixed income securities:
Corporate bonds and other investments			-			10,469			4			10,473
Government and municipal bonds			49			6,123			-			6,172
Mortgage-backed securities			-			522			2			524
Real estate and real assets			-			-			2,817			2,817
Securities lending collateral			103			1,658			-			1,761
Receivable for variation margin			5			-			-			5
Assets at fair value			12,768			18,788			11,639			43,195
Investments sold short and other liabilities at fair value			(513)			(2)			-			(515)
Total plan net assets at fair value		$	12,255		$	18,786		$	11,639		$	42,680
Assets held at net asset value practical expedient
Private equity funds												4,544
Real estate funds												2,062
Commingled funds												5,710
Total assets held at net asset value practical expedient												12,316
Other assets (liabilities)¹												(1,466)
Total Plan Net Assets											$	53,530
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Postretirement Assets and Liabilities at Fair Value as of December 31, 2019
		Level 1			Level 2			Level 3			Total
Interest bearing cash		$	248		$	301		$	-		$	549
Equity securities:
Domestic equities			438			-			-			438
International equities			265			-			-			265
Fixed income securities:
Corporate bonds and other investments			7			492			31			530
Government and municipal bonds			6			182			1			189
Mortgage-backed securities			-			294			-			294
Securities lending collateral			-			36			-			36
Assets at fair value			964			1,305			32			2,301
Securities lending payable and other liabilities			-			(36)			-			(36)
Total plan net assets at fair value		$	964		$	1,269		$	32		$	2,265
Assets held at net asset value practical expedient
Private equity funds												66
Real estate funds												27
Commingled funds												1,797
Total assets held at net asset value practical expedient												1,890
Other assets (liabilities)¹												(10)
Total Plan Net Assets											$	4,145
¹	Other assets (liabilities) include amounts receivable and accounts payable.

Pension Assets and Liabilities at Fair Value as of December 31, 2018
		Level 1			Level 2			Level 3			Total
Non-interest bearing cash		$	52		$	-		$	-		$	52
Interest bearing cash			167			41			-			208
Foreign currency contracts			-			5			-			5
Equity securities:
Domestic equities			6,912			-			1			6,913
International equities			3,594			8			-			3,602
Preferred interest			-			-			8,749			8,749
Fixed income securities:
Corporate bonds and other investments			-			10,719			4			10,723
Government and municipal bonds			51			6,170			-			6,221
Mortgage-backed securities			-			382			-			382
Real estate and real assets			-			-			2,579			2,579
Securities lending collateral			12			1,466			-			1,478
Purchased options, futures, and swaps			-			3			-			3
Receivable for variation margin			19			-			-			19
Assets at fair value			10,807			18,794			11,333			40,934
Investments sold short and other liabilities at fair value			(657)			(6)			-			(663)
Total plan net assets at fair value		$	10,150		$	18,788		$	11,333		$	40,271
Assets held at net asset value practical expedient
Private equity funds												4,384
Real estate funds												2,162
Commingled funds												5,740
Total assets held at net asset value practical expedient												12,286
Other assets (liabilities)¹												(876)
Total Plan Net Assets											$	51,681
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Postretirement Assets and Liabilities at Fair Value as of December 31, 2018
		Level 1			Level 2			Level 3			Total
Interest bearing cash		$	45		$	624		$	-		$	669
Equity securities:
Domestic equities			745			8			-			753
International equities			541			-			1			542
Fixed income securities:
Corporate bonds and other investments			7			602			11			620
Government and municipal bonds			2			377			1			380
Mortgage-backed securities			-			283			-			283
Securities lending collateral			-			63			-			63
Assets at fair value			1,340			1,957			13			3,310
Securities lending payable and other liabilities			-			(74)			-			(74)
Total plan net assets at fair value		$	1,340		$	1,883		$	13		$	3,236
Assets held at net asset value practical expedient
Private equity funds												79
Real estate funds												36
Commingled funds												973
Total assets held at net asset value practical expedient												1,088
Other assets (liabilities)¹												(47)
Total Plan Net Assets											$	4,277
¹	Other assets (liabilities) include amounts receivable and accounts payable.

Summary of Changes In The Fair Value Of The Level 3 Pension And Postretirement Assets [Table Text Block]

The tables below set forth a summary of changes in the fair value of the Level 3 pension and postretirement assets for the
year ended December 31, 2019:

Pension Assets	Equities			Fixed Income Funds			Real Estate and Real Assets			Total
Balance at beginning of year	$	8,750		$	4		$	2,579		$	11,333
Realized gains (losses)		-			-			64			64
Unrealized gains (losses)		58			-			45			103
Transfers in		8			5			134			147
Transfers out		-			(6)			-			(6)
Purchases		-			7			228			235
Sales		-			(4)			(233)			(237)
Balance at end of year	$	8,816		$	6		$	2,817		$	11,639

Postretirement Assets	Equities			Fixed Income Funds			Real Estate and Real Assets			Total
Balance at beginning of year	$	1		$	12		$	-		$	13
Transfers in		-			28			-			28
Transfers out		-			(1)			-			(1)
Sales		(1)			(7)			-			(8)
Balance at end of year	$	-		$	32		$	-		$	32

The tables below set forth a summary of changes in the fair value of the Level 3 pension and postretirement assets for the
year ended December 31, 2018:

Pension Assets	Equities			Fixed Income Funds			Real Estate and Real Assets			Total
Balance at beginning of year	$	4		$	2		$	2,287		$	2,293
Realized gains (losses)		-			-			120			120
Unrealized gains (losses)		(408)			(1)			170			(239)
Transfers in		9,158			1			266			9,425
Transfers out		(4)			(1)			-			(5)
Purchases		-			8			85			93
Sales		-			(5)			(349)			(354)
Balance at end of year	$	8,750		$	4		$	2,579		$	11,333

Postretirement Assets		Equities		Fixed Income Funds			Real Estate and Real Assets			Total
Balance at beginning of year	$	-		$	5		$	-		$	5
Transfers in		1			8			-			9
Transfers out		-			(1)			-			(1)
Purchases		-			1			-			1
Sales		-			(1)			-			(1)
Balance at end of year	$	1		$	12		$	-		$	13

Estimated Future Benefit Payments [Table Text Block]

	Pension Benefits			Postretirement Benefits
2020	$	5,540		$	1,539
2021		4,471			1,441
2022		4,362			1,343
2023		4,272			1,258
2024		4,174			1,015
Years 2025 - 2029		19,965			4,307