v3.24.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 19,772 $ 19,196 $ 39,366 $ 38,828
Operating expenses        
Selling, general and administrative 5,142 5,272 10,280 10,697
Loss (gain) on disposal group held for sale 0 17 0 (25)
Depreciation and amortization 3,248 3,110 6,619 6,313
Total operating expenses 15,142 15,403 30,738 31,638
Operating income 4,630 3,793 8,628 7,190
Other expense, net        
Interest expense, net (854) (861) (1,734) (1,696)
Other (expense) income, net (8) 6 12 15
Total other expense, net (862) (855) (1,722) (1,681)
Income before income taxes 3,768 2,938 6,906 5,509
Income tax expense (843) (717) (1,607) (1,348)
Net income 2,925 2,221 5,299 4,161
Other comprehensive income, net of tax        
Reclassification of loss from cash flow hedges, net of tax effect of $15, $13, $30 and $27 43 40 86 80
Net unrealized loss on fair value hedges, net of tax effect of $(10), $0, $(10) and $0 30 0 30 0
Unrealized gain on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0 0 7 0 9
Amortization of actuarial gain, net of tax effect of $(1), $0, $(3) and $0 (4) 0 (9) 0
Other comprehensive income 9 47 47 89
Total comprehensive income $ 2,934 $ 2,268 $ 5,346 $ 4,250
Earnings per share        
Basic (in USD per share) $ 2.50 $ 1.86 $ 4.50 $ 3.45
Diluted (in USD per share) $ 2.49 $ 1.86 $ 4.49 $ 3.44
Weighted-average shares outstanding        
Basic (in shares) 1,170,025,862 1,193,078,891 1,177,662,179 1,206,270,341
Diluted (in shares) 1,172,447,353 1,195,533,499 1,180,929,879 1,210,220,958
Service        
Revenues        
Revenues $ 16,429 $ 15,738 $ 32,525 $ 31,284
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 2,664 2,916 5,352 5,977
Postpaid revenues        
Revenues        
Revenues 12,899 12,070 25,530 23,932
Prepaid revenues        
Revenues        
Revenues 2,592 2,444 4,995 4,861
Wholesale and other service revenues        
Revenues        
Revenues 938 1,224 2,000 2,491
Equipment revenues        
Revenues        
Revenues 3,106 3,169 6,357 6,888
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 4,088 4,088 8,487 8,676
Other revenues        
Revenues        
Revenues $ 237 $ 289 $ 484 $ 656