1000 - CONSOLIDATED STATEMENTS
1000 - CONSOLIDATED STATEMENTS OF INCOME (USD $) | ||||
In Millions, except Per Share data | 3 Months Ended
Jun. 30, 2009 | 3 Months Ended
Jun. 30, 2008 | 6 Months Ended
Jun. 30, 2009 | 6 Months Ended
Jun. 30, 2008 |
Operating Revenues | ||||
Wireless service | $11,960 | $10,894 | $23,606 | $21,499 |
Voice | 8,256 | 9,519 | 16,762 | 19,212 |
Data | 6,307 | 6,054 | 12,557 | 12,026 |
Directory | 1,211 | 1,383 | 2,460 | 2,781 |
Other | 3,000 | 3,016 | 5,920 | 6,092 |
Total operating revenues | 30,734 | 30,866 | 61,305 | 61,610 |
Operating Expenses | ||||
Cost of sales (exclusive of depreciation and amortization shown separately below) | 12,478 | 11,897 | 24,720 | 23,892 |
Selling, general and administrative | 7,847 | 7,444 | 15,553 | 15,310 |
Depreciation and amortization | 4,903 | 4,958 | 9,789 | 9,861 |
Total operating expenses | 25,228 | 24,299 | 50,062 | 49,063 |
Operating Income | 5,506 | 6,567 | 11,243 | 12,547 |
Other Income (Expense) | ||||
Interest expense | (879) | (854) | (1,728) | (1,719) |
Equity in net income of affiliates | 231 | 212 | 368 | 455 |
Other income (expense) - net | 31 | 29 | 16 | 120 |
Total other income (expense) | (617) | (613) | (1,344) | (1,144) |
Income Before Income Taxes | 4,889 | 5,954 | 9,899 | 11,403 |
Income taxes | 1,613 | 2,111 | 3,422 | 4,041 |
Net Income | 3,276 | 3,843 | 6,477 | 7,362 |
Less: Net Income Attributable to Noncontrolling Interest | (78) | (71) | (153) | (129) |
Net Income Attributable to AT&T | $3,198 | $3,772 | $6,324 | $7,233 |
Basic Earnings Per Share Attributable to AT&T | 0.54 | 0.64 | 1.07 | 1.21 |
Diluted Earnings Per Share Attributable to AT&T | 0.54 | 0.63 | 1.07 | 1.21 |
Weighted Average Number of Common Shares Outstanding - Basic (in millions) | 5,900 | 5,926 | 5,898 | 5,962 |
Dividends Declared Per Common Share | 0.41 | 0.4 | 0.82 | 0.8 |
2000 - CONSOLIDATED BALANCE SHE
2000 - CONSOLIDATED BALANCE SHEETS (USD $) | ||
In Millions | Jun. 30, 2009
| Dec. 31, 2008
|
Current Assets | ||
Cash and cash equivalents | $7,348 | $1,792 |
Accounts receivable - net of allowances for uncollectibles of $1,269 and $1,270 | 14,846 | 16,047 |
Prepaid expenses | 1,786 | 1,538 |
Deferred income taxes | 964 | 1,014 |
Other current assets | 1,996 | 2,165 |
Total current assets | 26,940 | 22,556 |
Property, Plant and Equipment - Net | ||
Property, plant and equipment | 222,926 | 218,579 |
Less: accumulated depreciation and amortization | (124,697) | (119,491) |
Property, Plant and Equipment - Net | 98,229 | 99,088 |
Goodwill | 71,691 | 71,829 |
Licenses | 47,674 | 47,306 |
Customer Lists and Relationships - Net | 8,682 | 10,582 |
Other Intangible Assets - Net | 5,773 | 5,824 |
Investments in Equity Affiliates | 2,749 | 2,332 |
Other Assets | 6,180 | 5,728 |
Total Assets | 267,918 | 265,245 |
Current Liabilities | ||
Debt maturing within one year | 10,155 | 14,119 |
Accounts payable and accrued liabilities | 18,046 | 20,032 |
Advanced billing and customer deposits | 3,932 | 3,849 |
Accrued taxes | 1,667 | 1,874 |
Dividends payable | 2,419 | 2,416 |
Total current liabilities | 36,219 | 42,290 |
Long-Term Debt | 66,565 | 60,872 |
Deferred Credits and Other Noncurrent Liabilities | ||
Deferred income taxes | 20,354 | 19,196 |
Postemployment benefit obligation | 31,985 | 31,930 |
Other noncurrent liabilities | 13,783 | 14,207 |
Total deferred credits and other noncurrent liabilities | 66,122 | 65,333 |
Stockholders' Equity | ||
Common shares issued ($1 par value) | 6,495 | 6,495 |
Capital in excess of par value | 91,637 | 91,728 |
Retained earnings | 38,069 | 36,591 |
Treasury shares (at cost) | (21,284) | (21,410) |
Accumulated other comprehensive loss | (16,308) | (17,057) |
Noncontrolling interest | 403 | 403 |
Total stockholders' equity | 99,012 | 96,750 |
Total Liabilities and Stockholders' Equity | $267,918 | $265,245 |
2100 - PARENTHETICAL DATA TO TH
2100 - PARENTHETICAL DATA TO THE CONSOLIDATED BALANCE SHEETS (USD $) | ||
In Millions | Jun. 30, 2009
| Dec. 31, 2008
|
Current Assets | ||
Allowance for uncollectibles | $1,269 | $1,270 |
Stockholders' Equity | ||
Common shares issued - par value | 1 | 1 |
3000 - CONSOLIDATED STATEMENTS
3000 - CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | ||
In Millions | 6 Months Ended
Jun. 30, 2009 | 6 Months Ended
Jun. 30, 2008 |
Operating Activities | ||
Net Income | $6,477 | $7,362 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 9,789 | 9,861 |
Provision for uncollectible accounts | 976 | 860 |
Deferred income tax expense | 744 | 1,384 |
Net loss from impairment and sale of investments | 74 | 0 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 226 | (776) |
Other current assets | (105) | 274 |
Accounts payable and accrued liabilities | (887) | (5,117) |
Stock-based compensation tax benefit | 0 | (14) |
Other - net | (1,492) | (329) |
Total adjustments | 9,325 | 6,143 |
Net Cash Provided by Operating Activities | 15,802 | 13,505 |
Construction and capital expenditures | ||
Capital expenditures | (7,036) | (9,320) |
Interest during construction | (368) | (257) |
Acquisitions, net of cash acquired | (55) | (10,087) |
Dispositions | 199 | 623 |
Proceeds from sale of securities, net of investments | (21) | (73) |
Other | 38 | 41 |
Net Cash Used in Investing Activities | (7,243) | (19,073) |
Financing Activities | ||
Net change in short-term borrowings with original maturities of three months or less | (3,915) | 6,590 |
Issuance of long-term debt | 8,161 | 10,924 |
Repayment of long-term debt | (2,037) | (1,605) |
Purchase of treasury shares | 0 | (6,077) |
Issuance of treasury shares | 4 | 310 |
Dividends paid | (4,834) | (4,802) |
Stock-based compensation tax benefit | 0 | 14 |
Other | (382) | (125) |
Net Cash Provided by (Used in) Financing Activities | (3,003) | 5,229 |
Net increase (decrease) in cash and cash equivalents | 5,556 | (339) |
Cash and Cash Equivalents beginning of year | 1,792 | 1,970 |
Cash and Cash Equivalents End of Period | 7,348 | 1,631 |
Cash paid (refunded) during the six months ended June 30 for: | ||
Interest | 2,219 | 1,863 |
Income taxes, net of refunds | $2,295 | $4,730 |
4000 - CONSOLIDATED STATEMENTS
4000 - CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (USD $) | |||||||
In Millions | Common Stock
| Capital in Excess of Par Value
| Retained Earnings
| Treasury Stock
| Accumulated Other Comprehensive Income (Loss), net of tax
| Noncontrolling Interest
| Total
|
Balance - Amount at Dec. 31, 2008 | $6,495 | $91,728 | $36,591 | ($21,410) | ($17,057) | $403 | $96,750 |
Balance - Shares at Dec. 31, 2008 | 6,495 | (602) | |||||
Issuance of shares - Shares | 7 | ||||||
Issuance of shares - Amount | 26 | 126 | |||||
Share-based payments | (117) | ||||||
Net Income | 153 | 153 | |||||
Net Income Attributable to AT&T | 6,324 | 6,324 | |||||
Dividends | (4,837) | ||||||
Other | (9) | ||||||
Other comprehensive income | 749 | ||||||
Distributions | (145) | ||||||
Translation adjustments | (8) | ||||||
Changes attributable to AT&T stockholders | 2,262 | 2,262 | |||||
Changes attributable to noncontrolling interest | 0 | 0 | |||||
Balance - Amount at Jun. 30, 2009 | 6,495 | 91,637 | 38,069 | (21,284) | (16,308) | 403 | 99,012 |
Balance - Shares at Jun. 30, 2009 | 6,495 | (595) | |||||
Balance - Amount at Mar. 31, 2009 | 6,495 | ||||||
Balance - Shares at Mar. 31, 2009 | 6,495 | ||||||
Balance - Amount at Jun. 30, 2009 | $6,495 | ||||||
Balance - Shares at Jun. 30, 2009 | 6,495 |
4100 - PARENTHETICAL DATA TO TH
4100 - PARENTHETICAL DATA TO THE CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $) | ||
Retained Earnings
| Total
| |
Diluted Earnings Per Share Attributable to AT&T | 1.07 | 1.07 |
Dividends Declared Per Common Share | 0.82 | 0.82 |
6000 - PREPARATION OF INTERIM F
6000 - PREPARATION OF INTERIM FINANCIAL STATEMENTS | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS | |
NOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS | NOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS Basis of Presentation Throughout this document, ATT Inc. is referred to as ATT, we or the Company. The consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission that permit reduced disclosure for interim periods. We believe that these consolidated financial statements include all adjustments (consisting only of normal recurring accruals) necessary to present fairly the results for the interim periods shown. The results for the interim periods are not necessarily indicative of results for the full year. You should read this document in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December31,2008. The consolidated financial statements include the accounts of the Company and our majority-owned subsidiaries and affiliates. Our subsidiaries and affiliates operate in the communications services industry both domestically and internationally, providing wireless and wireline communications services and equipment, managed networking, wholesale services and advertising solutions. All significant intercompany transactions are eliminated in the consolidation process. Investments in partnerships and less than majority-owned subsidiaries where we have significant influence are accounted for under the equity method. Earnings from certain foreign equity investments accounted for using the equity method are included for periods ended within up to one month of our period end. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of probable losses and expenses. Actual results could differ from those estimates. We have reclassified certain amounts in prior-period financial statements to conform to the current periods presentation. In December 2007, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements an amendment of ARB No. 51 (FAS 160). FAS 160 requires noncontrolling interests held by parties other than the parent in subsidiaries to be clearly identified, labeled, and presented in the consolidated statement of financial position within equity, but separate from the parents equity. For us, FAS 160 became effective January 1, 2009, with restatement of prior financial statements. In April 2009, the FASB issued FASB Staff Position FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments (FSP FAS 107-1 and APB 28-1), FASB Staff Position FAS 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly (FSP FAS 157-4), and FASB Staff Position FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments (FSP FAS 115-2 and FAS 124-2) |
6010 - COMPREHENSIVE INCOME
6010 - COMPREHENSIVE INCOME | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 2. COMPREHENSIVE INCOME | |
NOTE 2. COMPREHENSIVE INCOME | NOTE 2. COMPREHENSIVE INCOME The components of our comprehensive income for the three and six months ended June 30, 2009 and 2008 include net income, adjustments to stockholders equity for the foreign currency translation adjustment, net unrealized gain (loss) on available-for-sale securities, net unrealized gain (loss) on cash flow hedges and defined benefit postretirement plans. The foreign currency translation adjustment was due to exchange rate fluctuations in our foreign affiliates local currencies and the reclassification adjustment on cash flow hedges was due to the amortization of losses from our interest rate forward contracts. Following is our comprehensive income with the respective tax impacts for the three months and six months periods ending June 30, 2009 and 2008: Three months ended Six months ended June 30, June 30, 2009 2008 2009 2008 Net income $ 3,276 $ 3,843 $ 6,477 $ 7,362 Other comprehensive income, net of tax: Foreign currency translation adjustment (includes $1, $8, $8 and $(4) attributable to noncontrolling interest), net of taxes of $63, $17, $44 and $60 119 31 84 109 Net unrealized gains (losses) on securities: Unrealized gains (losses), net of taxes of $63, $14, $15 and $(35) 119 26 29 (64 ) Less reclassification adjustment realized in net income, net of taxes of $0, $19, $41 and $(9) - 34 77 (16 ) Net unrealized gains (losses) on cash flow hedges: Unrealized gains (losses), net of taxes of $121, $(10), $195 and $(52) 222 (18 ) 368 (96 ) Unrealized gain (loss) on rate locks, net of taxes of $7, $(2), $29 and $(2) 12 (3 ) 50 (3 ) Reclassification adjustment for losses on cash flow hedges included in net income, net of taxes of $1, $3, $4 and $4 4 5 7 9 Defined benefit postretirement plans: Amortization of net actuarial (gain) loss and prior service benefit included in net income, net of taxes of $37, $(17), $67 and $(33) 69 (31 ) 126 (59 ) Other 1 - - - Other comprehensive income (loss) 546 44 741 (120 ) Less: Total comprehensive income attributable to the noncontrolling interest (77 ) (63 ) (145 ) (133 ) Total Comprehensive IncomeAttributable to ATT $ 3,745 $ 3,824 $ 7,073 $ 7,109 |
6020 - EARNINGS PER SHARE
6020 - EARNINGS PER SHARE | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 3. EARNINGS PER SHARE | |
NOTE 3. EARNINGS PER SHARE | NOTE 3. EARNINGS PER SHARE A reconciliation of the numerators and denominators of basic earnings per share and diluted earnings per share for net income for the three and six months ended June 30, 2009 and 2008 are shown in the table below: Three months ended Six months ended June 30, June 30, 2009 2008 2009 2008 Numerators Numerator for basic earnings per share: Net income attributable to ATT $ 3,198 $ 3,772 $ 6,324 $ 7,233 Dilutive potential common shares: Other stock-based compensation 2 2 5 4 Numerator for diluted earnings per share $ 3,200 $ 3,774 $ 6,329 $ 7,237 Denominators (000,000) Denominator for basic earnings per share: Weighted-average number of common shares outstanding 5,900 5,926 5,898 5,962 Dilutive potential common shares: Stock options 3 15 3 15 Other stock-based compensation 20 21 22 20 Denominator for diluted earnings per share 5,923 5,962 5,923 5,997 Basic earnings per share $ 0.54 $ 0.64 $ 1.07 $ 1.21 Diluted earnings per share $ 0.54 $ 0.63 $ 1.07 $ 1.21 At June 30, 2009, we had issued and outstanding options to purchase approximately 183 million shares of ATT common stock. The exercise prices of options to purchase a weighted average of 164 million shares in the second quarter and 171 million for the first six months were above the average market price of ATT stock. Accordingly, we did not include these amounts in determining the dilutive potential common shares for the respective period. At June 30, 2009, the exercise prices of 16 million share options were below market price. At June 30, 2008, we had issued and outstanding options to purchase approximately 209 million shares of ATT common stock. The exercise prices of options to purchase a weighted average of 104 million shares in the second quarter and 110 million for the first six months were above the average market price of ATT stock. Accordingly, we did not include these amounts in determining the dilutive potential common shares for the respective period. At June 30, 2008, the exercise prices of 105 million share options were below market price. |
6030 - SEGMENT INFORMATION
6030 - SEGMENT INFORMATION | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 4. SEGMENT INFORMATION | |
NOTE 4. SEGMENT INFORMATION | NOTE 4. SEGMENT INFORMATION Our segments are strategic business units that offer different products and services over various technology platforms and are managed accordingly. We analyze our various operating segments based on segment income before income taxes, reviewing operating revenues, operating expenses (depreciation and non-depreciation) and equity income for each segment. We make our capital allocations decisions primarily based on the network (wireless or wireline) providing services. Interest expense and other income (expense) net are managed only on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, these items are not included in the calculation of each segments percentage of our consolidated results. We have four reportable segments: (1)wireless, (2)wireline, (3)advertising solutions and (4)other. The wireless segment uses our nationwide network to provide consumer and business customers with wireless voice and advanced data communications services. The wireline segment uses our regional, national and global network to provide consumer and business customers with landline voice and data communications services, ATT U-verseSM TV, high-speed broadband and voice services (U-verse) and managed networking to business customers. Additionally, weoffer satellite television services through our agency arrangements. The advertising solutions segment publishes Yellow and White Pages directories and sells advertising in various media, including directory and Internet-based advertising, and local search. The other segment includes results from Sterling Commerce Inc., customer information services and all corporate and other operations. This segment includes our portion of the results from our international equity investments. Also included in the other segment are impacts of management decisions affecting the company for which management does not evaluate the individual operating segments. In the following tables, we show how our segment results are reconciled to our consolidated results. The Wireless, Wireline, Advertising Solutions and Other columns represent the segment results of each operating segment. The Consolidation and Elimination column adds in those line items that we manage on a consolidated basis only: interest expense and other income (expense)net. This column also eliminates any intersegment transactions included in each segments results. Segment assets for the six months ended June 30, 2009 are materially unchanged from the year ended December 31, 2008 with the exception of other segment assets. Our other segment assets totaled $14,671, which increased $5,969, or 68.6%, primarily due to an increase in cash. For the three months ended June 30, 2009 Advertising Consolidation Consolidated Wireless Wireline Solutions Other and Elimination Results Revenues from external customers $ 13,222 $ 15,945 $ 1,211 $ 356 $ - $ 30,734 Intersegment revenues 23 581 20 68 (692 ) - Total segment operating revenues |
6040 - PENSION AND POSTRETIREME
6040 - PENSION AND POSTRETIREMENT BENEFITS | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 5. PENSION AND POSTRETIREMENT BENEFITS | |
NOTE 5. PENSION AND POSTRETIREMENT BENEFITS | NOTE 5. PENSION AND POSTRETIREMENT BENEFITS Substantially all of our employees are covered by one of various noncontributory pension and death benefit plans. We also provide certain medical, dental and life insurance benefits to substantially all retired employees under various plans and accrue actuarially determined postretirement benefit costs as active employees earn these benefits. Our objective in funding these plans, in combination with the standards of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is to accumulate assets sufficient to meet the plans obligations to provide benefits to employees upon their retirement. No significant cash contributions are required under ERISA regulations during 2009. The following details pension and postretirement benefit costs included in operating expenses (in cost of sales and selling, general and administrative expenses) in the accompanying Consolidated Statements of Income. We account for these costs in accordance with Statement of Financial Accounting Standards No. 87, Employers Accounting for Pensions and Statement of Financial Accounting Standards No. 106, Employers Accounting for Postretirement Benefits Other Than Pensions. In the following table, gains are denoted with parentheses and losses are not. A portion of these expenses is effectively capitalized as part of the benefit load on internal construction and capital expenditures, historically averaging approximately 10%. Three months ended Six months ended June 30, June 30, 2009 2008 2009 2008 Pension (benefit) cost: Service cost benefits earned during the period $ 272 $ 293 $ 544 $ 586 Interest cost on projected benefit obligation 845 829 1,690 1,659 Expected return on assets (1,141 ) (1,401 ) (2,281 ) (2,801 ) Amortization of prior service cost 28 33 55 66 Recognized actuarial loss 166 4 332 6 Net pension (benefit) cost $ 170 $ (242 ) $ 340 $ (484 ) Postretirement (benefit) cost: Service cost benefits earned during the period $ 88 $ 107 $ 176 $ 214 Interest cost on accumulated postretirement benefit obligation 631 639 1,261 1,275 Expected return on assets (239 ) (332 ) (478 ) (664 ) Amortization of prior service benefit (89 ) (89 ) (179 ) (179 ) Recognized actuarial loss - - - - Postretirement (benefit) cost $ 391 $ 325 $ 780 $ 646 Combined net pension and postretirement cost $ 561 $ 83 $ 1,120 $ 162 Our combined net pension and postretirement cost increased $478 in the second quarter and $958 for the first six months of 2009. The increase was due to lower expected return on assets and an increase in amortization of unrecognized actuarial losses, both primarily from investment losses in 2008. As allowed under GAAP, we use a method in whi |
6050 - FINANCIAL INSTRUMENTS
6050 - FINANCIAL INSTRUMENTS | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
NOTE 6. FINANCIAL INSTRUMENTS | |
NOTE 6. FINANCIAL INSTRUMENTS | NOTE 6. FINANCIAL INSTRUMENTS The carrying amounts and estimated fair values of our long-term debt, including current maturities, and other financial instruments, are summarized as follows at June 30, 2009: 2009 Carrying Fair Amount Value Notes and debentures $ 76,522 $ 77,529 Commercial paper - - Bank borrowings 28 28 Available-for-sale equity securities 1,751 1,751 Statement of Financial Accounting Standards No.157, Fair Value Measurements (FAS 157) requires disclosures for financial assets and liabilities that are remeasured at fair value at least annually. FAS 157 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Substantially all of our available-for-sale securities are valued using quoted market prices (referred to as Level 1). Adjustments to fair value are recorded in other comprehensive income (OCI) until the investment is sold or experiences an other-than-temporary decline in fair value (see Note 2). All of our derivatives are Level 2. The fair values of our notes and debentures were estimated based on quoted market prices, where available, or on the net present value method of expected future cash flows using current interest rates. The carrying value of debt with an original maturity of less than one year approximates market value. Our available-for-sale equity securities are carried at fair value, and realized gains and losses on these equity securities were included in Other income (expense) net in the consolidated statements of income. The fair value of our available-for-sale equity securities was principally determined based on quoted market prices, and the carrying amount of the remaining securities approximates fair value. These securities include $1,350 of equities, $311 in government fixed income bonds and $90 of other securities. Our short-term investments, other short-term and long-term held-to-maturity investments and customer deposits are recorded at amortized cost, and the carrying amounts approximate fair values. DerivativesWe use interest rate swaps, interest rate forward contracts and foreign currency exchange contracts to manage our market risk to changes in interest rates and foreign exchange rates. We do not use financial instruments for trading or speculative purposes. The majority of our derivatives are designated as fair value hedges or cash flow hedges. Fair Value HedgingWe designate our fixed-to-floating interest rates swaps as fair value hedges. The purpose of these swaps is to manage interest rate risk by managing our mix of fixed-rate and floating-rate debt. Unrealized gains or losses on interest rate swaps are recorded at fair market value as assets or liabilities, respectively. Changes in th |
Document Information
Document Information | |
6 Months Ended
Jun. 30, 2009 USD / shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Amendment Description | none |
Document Period End Date | 2009-06-30 |
Entity Information
Entity Information (USD $) | |
6 Months Ended
Jun. 30, 2009 | |
Entity Information [Line Items] | |
Entity Registrant Name | AT&T INC. |
Entity Central Index Key | 0000732717 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Public Float | $198,500,000,000 |
Entity Common Stock, Shares Outstanding | 5,900,000,000 |