v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,752 $ 19,048
Accounts receivable 27,734 28,347
Less Allowance for credit losses 1,248 1,250
Accounts receivable, net 26,486 27,097
Inventories 2,036 2,441
Prepaid expenses and other 7,297 8,336
Total current assets 37,571 56,922
Property, plant and equipment 357,086 337,991
Less Accumulated depreciation 231,589 228,524
Property, plant and equipment, net 125,497 109,467
Investments in unconsolidated businesses 783 785
Wireless licenses 158,159 157,039
Goodwill 30,664 22,841
Other intangible assets, net 12,317 10,458
Operating lease right-of-use assets 23,158 23,498
Other assets 22,037 23,248
Total assets 410,186 404,258
Current liabilities    
Debt maturing within one year 21,783 18,618
Accounts payable and accrued liabilities 20,422 24,981
Current operating lease liabilities 4,835 4,542
Other current liabilities 15,171 14,229
Total current liabilities 62,211 62,370
Long-term debt 143,448 139,532
Employee benefit obligations 11,758 11,099
Deferred income taxes 50,234 48,717
Non-current operating lease liabilities 18,392 18,951
Other liabilities 18,947 17,848
Total long-term liabilities 242,779 236,147
Commitments and Contingencies
Equity    
Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) 0 0
Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period) 429 429
Additional paid in capital 13,258 13,372
Retained earnings 97,728 94,744
Accumulated other comprehensive loss (1,784) (1,727)
Common stock in treasury, at cost (136,658,444 and 74,258,296 shares outstanding) (6,312) (3,255)
Deferred compensation – employee stock ownership plans (ESOPs) and other 601 897
Noncontrolling interests 1,276 1,281
Total equity 105,196 105,741
Total liabilities and equity $ 410,186 $ 404,258