v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 4,495 $ 19,048
Accounts receivable 27,564 28,347
Less Allowance for credit losses 1,199 1,250
Accounts receivable, net 26,365 27,097
Inventories 2,775 2,441
Prepaid expenses and other 7,876 8,336
Total current assets 41,511 56,922
Property, plant and equipment 359,427 337,991
Less Accumulated depreciation 234,293 228,524
Property, plant and equipment, net 125,134 109,467
Investments in unconsolidated businesses 796 785
Wireless licenses 161,417 157,039
Goodwill 30,729 22,841
Other intangible assets, net 12,002 10,458
Operating lease right-of-use assets 22,680 23,498
Other assets 21,253 23,248
Total assets 415,522 404,258
Current liabilities    
Debt maturing within one year 23,889 18,618
Accounts payable and accrued liabilities 22,018 24,981
Current operating lease liabilities 4,772 4,542
Other current liabilities 15,592 14,229
Total current liabilities 66,271 62,370
Long-term debt 142,344 139,532
Employee benefit obligations 11,533 11,099
Deferred income taxes 50,976 48,717
Non-current operating lease liabilities 17,963 18,951
Other liabilities 19,143 17,848
Total long-term liabilities 241,959 236,147
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 13,250 13,372
Retained earnings 99,995 94,744
Accumulated other comprehensive loss (1,624) (1,727)
Common stock in treasury, at cost (146,835,310 and 74,258,296 shares outstanding) (6,802) (3,255)
Deferred compensation – employee stock ownership plans (ESOPs) and other 738 897
Noncontrolling interests 1,306 1,281
Total equity 107,292 105,741
Total liabilities and equity $ 415,522 $ 404,258