v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 978 $ 1,003
Accounts receivable, net of allowance of $39 and $67 1,400 1,314
Assets held for sale 9 4,285
Other current assets, net 817 1,307
Total current assets 3,204 7,909
Property, plant and equipment, net of accumulated depreciation of $24,547 and $23,744 20,857 19,575
GOODWILL AND OTHER ASSETS    
Goodwill 268 0
Intangible assets, net 4,110 4,463
Other assets, net 2,285 2,395
Total goodwill and other assets 6,663 6,858
TOTAL ASSETS 30,724 34,342
CURRENT LIABILITIES    
Current maturities of long-term debt 29 88
Accounts payable 1,302 1,508
Accrued expenses and other liabilities    
Salaries and benefits 791 854
Income and other taxes 700 279
Current operating lease liabilities 282 266
Interest 123 149
Other current liabilities 293 203
Liabilities held for sale 2 38
Current portion of deferred revenue 1,020 1,005
Total current liabilities 4,542 4,390
LONG-TERM DEBT 13,164 17,353
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,671 2,270
Benefit plan obligations, net 1,904 2,103
Deferred revenue 8,238 6,406
Other liabilities 2,927 2,937
Total deferred credits and other liabilities 14,740 13,716
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' DEFICIT    
Preferred stock—non-redeemable, $25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares 0 0
Common stock, no par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,031,172 and 1,025,446 shares 19,196 19,185
Accumulated other comprehensive loss (551) (601)
Accumulated deficit (20,367) (19,701)
Total stockholders' deficit (1,722) (1,117)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 30,724 $ 34,342