v3.24.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 81,400 $ 78,558 $ 79,571
Operating expenses      
Selling, general and administrative 20,818 21,311 21,607
Impairment expense 0 0 477
(Gain) loss on disposal group held for sale 0 (25) 1,087
Depreciation and amortization 12,919 12,818 13,651
Total operating expenses 63,390 64,292 73,028
Operating income 18,010 14,266 6,543
Other expense, net      
Interest expense, net (3,411) (3,335) (3,364)
Other income (expense), net 113 68 (33)
Total other expense, net (3,298) (3,267) (3,397)
Income before income taxes 14,712 10,999 3,146
Income tax expense (3,373) (2,682) (556)
Net income 11,339 8,317 2,590
Other comprehensive income, net of tax      
Reclassification of loss from cash flow hedges, net of tax effect of $60, $56 and $52 176 163 151
Reclassification of loss from fair value hedges, net of unrealized loss on fair value hedges, net of tax effect of $5, $0 and $0 16 0 0
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $0, $0 and $(1) 0 9 (9)
Actuarial (loss) gain, net of amortization and reclassification, on pension and other postretirement benefits, net of tax effect of $(29), $(31) and $61 (85) (90) 177
Other comprehensive income 107 82 319
Total comprehensive income $ 11,446 $ 8,399 $ 2,909
Earnings per share      
Basic (in USD per share) $ 9.70 $ 7.02 $ 2.07
Diluted (in USD per share) $ 9.66 $ 6.93 $ 2.06
Weighted-average shares outstanding      
Basic (in shares) 1,169,195,373 1,185,121,562 1,249,763,934
Diluted (in shares) 1,173,213,898 1,200,286,264 1,255,376,769
Service      
Revenues      
Revenues $ 66,178 $ 63,241 $ 61,323
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 10,771 11,655 14,666
Postpaid revenues      
Revenues      
Revenues 52,340 48,692 45,919
Prepaid revenues      
Revenues      
Revenues 10,399 9,767 9,857
Wholesale and other service revenues      
Revenues      
Revenues 3,439 4,782 5,547
Equipment revenues      
Revenues      
Revenues 14,263 14,138 17,130
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 18,882 18,533 21,540
Other revenues      
Revenues      
Revenues $ 959 $ 1,179 $ 1,118