Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Reconciliation of Revenues to Segment Contribution


For the three months ended June 30, 2025
	Revenues		Operations and Support Expenses		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	21,845	$	12,358	$	2,556	$	6,931
Business Wireline	4,313		2,993		1,521		(201)
Consumer Wireline	3,541		2,248		958		335
Total Communications	29,699		17,599		5,035		7,065
Latin America	1,054		853		155		46
Segment Total	30,753		18,452		5,190		7,111
Corporate and Other
Corporate:
DTV-related retained costs	—		57		50		(107)
Parent administration support	(2)		422		2		(426)
Securitization fees	30		174		—		(144)
Value portfolio	66		11		—		55
Total Corporate	94		664		52		(622)
Certain significant items	—		(21)		9		12
Total Corporate and Other	94		643		61		(610)
AT&T Inc.	$	30,847	$	19,095	$	5,251	$	6,501


For the three months ended June 30, 2024
	Revenues		Operations and Support Expenses		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	20,480	$	11,285	$	2,476	$	6,719
Business Wireline	4,755		3,267		1,386		102
Consumer Wireline	3,347		2,249		914		184
Total Communications	28,582		16,801		4,776		7,005
Latin America	1,103		925		172		6
Segment Total	29,685		17,726		4,948		7,011
Corporate and Other
Corporate:
DTV-related retained costs	—		116		102		(218)
Parent administration support	—		443		2		(445)
Securitization fees	29		150		—		(121)
Value portfolio	83		25		5		53
Total Corporate	112		734		109		(731)
Certain significant items	—		505		15		(520)
Total Corporate and Other	112		1,239		124		(1,251)
AT&T Inc.	$	29,797	$	18,965	$	5,072	$	5,760


For the six months ended June 30, 2025
	Revenues		Operations and Support Expenses		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	43,415	$	24,662	$	5,082	$	13,671
Business Wireline	8,781		6,061		3,019		(299)
Consumer Wireline	7,063		4,472		1,907		684
Total Communications	59,259		35,195		10,008		14,056
Latin America	2,025		1,631		305		89
Segment Total	61,284		36,826		10,313		14,145
Corporate and Other
Corporate:
DTV-related retained costs	—		113		100		(213)
Parent administration support	(1)		861		10		(872)
Securitization fees	58		388		—		(330)
Value portfolio	132		21		—		111
Total Corporate	189		1,383		110		(1,304)


Certain significant items	—		568		18		(586)

Total Corporate and Other	189		1,951		128		(1,890)
AT&T Inc.	$	61,473	$	38,777	$	10,441	$	12,255


For the six months ended June 30, 2024
	Revenues		Operations and Support Expenses		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	41,074	$	22,924	$	4,963	$	13,187
Business Wireline	9,668		6,754		2,748		166
Consumer Wireline	6,697		4,505		1,795		397
Total Communications	57,439		34,183		9,506		13,750
Latin America	2,166		1,808		349		9
Segment Total	59,605		35,991		9,855		13,759
Corporate and Other
Corporate:
DTV-related retained costs	—		250		222		(472)
Parent administration support	—		835		3		(838)
Securitization fees	55		315		—		(260)
Value portfolio	165		51		9		105
Total Corporate	220		1,451		234		(1,465)
Certain significant items	—		657		30		(687)
Total Corporate and Other	220		2,108		264		(2,152)
AT&T Inc.	$	59,825	$	38,099	$	10,119	$	11,607

Reconciliation of Segment Contributions to Income Before Income Taxes

The following table is a reconciliation of Segment Operating Income to “Income Before Income Taxes” reported in our consolidated statements of income:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Communications	$	7,065	$	7,005	$	14,056	$	13,750
Latin America	46		6		89		9
Segment Operating Income	7,111		7,011		14,145		13,759
Reconciling Items:
Corporate	(622)		(731)		(1,304)		(1,465)
Transaction, legal and other costs	(49)		(35)		(128)		(67)
Amortization of intangibles acquired	(9)		(15)		(18)		(30)
Asset impairments and abandonments and restructuring	—		(480)		(504)		(639)
Benefit-related gains (losses)	70		10		64		49



AT&T Operating Income	6,501		5,760		12,255		11,607
Interest expense	1,655		1,699		3,313		3,423
Equity in net income of affiliates	485		348		1,925		643
Other income (expense) — net	767		682		1,222		1,133
Income Before Income Taxes	$	6,098	$	5,091	$	12,089	$	9,960

Schedule of Segment Reporting Information, by Segment

The following tables present assets, investments in equity affiliates and capital expenditures by segment:


	June 30,				December 31,
	2025				2024
	Assets		Investments in Equity Method Investees		Assets		Investments in Equity Method Investees
Communications	$	496,906	$	—	$	481,757	$	—
Latin America	8,659		—		7,808		—
Corporate and eliminations	(100,074)		1,011		(94,770)		295
Total	$	405,491	$	1,011	$	394,795	$	295


	Six months ended June 30,
Capital Expenditures		2025		2024
Communications		$	8,674	$	7,741
Latin America		125		101
Corporate and eliminations		375		276
Total		$	9,174	$	8,118