Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2024 | Jul. 18, 2024 | |
Entity Listings [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2024 | |
Document Transition Report | false | |
Entity File Number | 001-08610 | |
Entity Registrant Name | AT&T INC. | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 43-1301883 | |
Entity Address, Address Line One | 208 S. Akard St. | |
Entity Address, City or Town | Dallas | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 75202 | |
City Area Code | 210 | |
Local Phone Number | 821-4105 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 7,170,243,877 | |
Amendment Flag | false | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2024 | |
Current Fiscal Year End Date | --12-31 | |
Entity Central Index Key | 0000732717 | |
Common Shares (Par Value $1.00 Per Share) | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | Common Shares (Par Value $1.00 Per Share) | |
Trading Symbol | T | |
Security Exchange Name | NYSE | |
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | Depositary Shares, each representing a 1/1000th interest in ashare of 5.000% Perpetual Preferred Stock, Series A | |
Trading Symbol | T PRA | |
Security Exchange Name | NYSE | |
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | Depositary Shares, each representing a 1/1000th interest in ashare of 4.750% Perpetual Preferred Stock, Series C | |
Trading Symbol | T PRC | |
Security Exchange Name | NYSE | |
AT&T Inc. Floating Rate Global Notes due March 6, 2025 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. Floating Rate Global Notes due March 6, 2025 | |
Trading Symbol | T 25A | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.550% Global Notes due November 18, 2025 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.550% Global Notes due November 18, 2025 | |
Trading Symbol | T 25B | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.500% Global Notes due December 17, 2025 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.500% Global Notes due December 17, 2025 | |
Trading Symbol | T 25 | |
Security Exchange Name | NYSE | |
AT&T Inc. 0.250% Global Notes due March 4, 2026 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 0.250% Global Notes due March 4, 2026 | |
Trading Symbol | T 26E | |
Security Exchange Name | NYSE | |
AT&T Inc. 1.800% Global Notes due September 5, 2026 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 1.800% Global Notes due September 5, 2026 | |
Trading Symbol | T 26D | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.900% Global Notes due December 4, 2026 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.900% Global Notes due December 4, 2026 | |
Trading Symbol | T 26A | |
Security Exchange Name | NYSE | |
AT&T Inc. 1.600% Global Notes due May 19, 2028 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 1.600% Global Notes due May 19, 2028 | |
Trading Symbol | T 28C | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.350% Global Notes due September 5, 2029 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.350% Global Notes due September 5, 2029 | |
Trading Symbol | T 29D | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.375% Global Notes due September 14, 2029 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.375% Global Notes due September 14, 2029 | |
Trading Symbol | T 29B | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.600% Global Notes due December 17, 2029 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.600% Global Notes due December 17, 2029 | |
Trading Symbol | T 29A | |
Security Exchange Name | NYSE | |
AT&T Inc. 0.800% Global Notes due March 4, 2030 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 0.800% Global Notes due March 4, 2030 | |
Trading Symbol | T 30B | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.950% Global Notes due April 30, 2031 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.950% Global Notes due April 30, 2031 | |
Trading Symbol | T 31F | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.050% Global Notes due May 19, 2032 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.050% Global Notes due May 19, 2032 | |
Trading Symbol | T 32A | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.550% Global Notes due December 17, 2032 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.550% Global Notes due December 17, 2032 | |
Trading Symbol | T 32 | |
Security Exchange Name | NYSE | |
AT&T Inc. 5.200% Global Notes due November 18, 2033 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 5.200% Global Notes due November 18, 2033 | |
Trading Symbol | T 33 | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.375% Global Notes due March 15, 2034 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.375% Global Notes due March 15, 2034 | |
Trading Symbol | T 34 | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.300% Global Notes due November 18, 2034 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.300% Global Notes due November 18, 2034 | |
Trading Symbol | T 34C | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.450% Global Notes due March 15, 2035 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.450% Global Notes due March 15, 2035 | |
Trading Symbol | T 35 | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.150% Global Notes due September 4, 2036 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.150% Global Notes due September 4, 2036 | |
Trading Symbol | T 36A | |
Security Exchange Name | NYSE | |
AT&T Inc. 2.600% Global Notes due May 19, 2038 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 2.600% Global Notes due May 19, 2038 | |
Trading Symbol | T 38C | |
Security Exchange Name | NYSE | |
AT&T Inc. 1.800% Global Notes due September 14, 2039 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 1.800% Global Notes due September 14, 2039 | |
Trading Symbol | T 39B | |
Security Exchange Name | NYSE | |
AT&T Inc. 7.000% Global Notes due April 30, 2040 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 7.000% Global Notes due April 30, 2040 | |
Trading Symbol | T 40 | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.250% Global Notes due June 1, 2043 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.250% Global Notes due June 1, 2043 | |
Trading Symbol | T 43 | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.875% Global Notes due June 1, 2044 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.875% Global Notes due June 1, 2044 | |
Trading Symbol | T 44 | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.000% Global Notes due June 1, 2049 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.000% Global Notes due June 1, 2049 | |
Trading Symbol | T 49A | |
Security Exchange Name | NYSE | |
AT&T Inc. 4.250% Global Notes due March 1, 2050 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 4.250% Global Notes due March 1, 2050 | |
Trading Symbol | T 50 | |
Security Exchange Name | NYSE | |
AT&T Inc. 3.750% Global Notes due September 1, 2050 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 3.750% Global Notes due September 1, 2050 | |
Trading Symbol | T 50A | |
Security Exchange Name | NYSE | |
AT&T Inc. 5.350% Global Notes due November 1, 2066 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 5.350% Global Notes due November 1, 2066 | |
Trading Symbol | TBB | |
Security Exchange Name | NYSE | |
AT&T Inc. 5.625% Global Notes due August 1, 2067 | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | AT&T Inc. 5.625% Global Notes due August 1, 2067 | |
Trading Symbol | TBC | |
Security Exchange Name | NYSE |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating Revenues | ||||
Total operating revenues | $ 29,797 | $ 29,917 | $ 59,825 | $ 60,056 |
Cost of revenues | ||||
Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 6,627 | 6,771 | 13,438 | 13,444 |
Selling, general and administrative | 7,043 | 7,009 | 14,064 | 14,184 |
Asset impairments and abandonments and restructuring | 480 | 0 | 639 | 0 |
Depreciation and amortization | 5,072 | 4,675 | 10,119 | 9,306 |
Total operating expenses | 24,037 | 23,511 | 48,218 | 47,648 |
Operating Income | 5,760 | 6,406 | 11,607 | 12,408 |
Other Income (Expense) | ||||
Interest expense | (1,699) | (1,608) | (3,423) | (3,316) |
Equity in net income of affiliates | 348 | 380 | 643 | 918 |
Other income (expense) — net | 682 | 987 | 1,133 | 1,922 |
Total other income (expense) | (669) | (241) | (1,647) | (476) |
Income Before Income Taxes | 5,091 | 6,165 | 9,960 | 11,932 |
Income tax expense | 1,142 | 1,403 | 2,260 | 2,717 |
Net Income | 3,949 | 4,762 | 7,700 | 9,215 |
Less: Net Income Attributable to Noncontrolling Interest | (352) | (273) | (658) | (498) |
Net Income Attributable to AT&T | 3,597 | 4,489 | 7,042 | 8,717 |
Less: Preferred Stock Dividends | (51) | (52) | (101) | (104) |
Net Income Attributable to Common Stock | $ 3,546 | $ 4,437 | $ 6,941 | $ 8,613 |
Basic earnings per share attributable to Common Stock (in dollars per share) | $ 0.49 | $ 0.61 | $ 0.96 | $ 1.19 |
Diluted earnings per share (in dollars per share) | $ 0.49 | $ 0.61 | $ 0.96 | $ 1.19 |
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) | 7,196 | 7,180 | 7,194 | 7,174 |
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) | 7,198 | 7,180 | 7,195 | 7,327 |
Service | ||||
Operating Revenues | ||||
Total operating revenues | $ 25,006 | $ 24,850 | $ 49,848 | $ 49,467 |
Equipment | ||||
Operating Revenues | ||||
Total operating revenues | 4,791 | 5,067 | 9,977 | 10,589 |
Cost of revenues | ||||
Cost of goods and services sold | $ 4,815 | $ 5,056 | $ 9,958 | $ 10,714 |
Consolidated Statements Of Comp
Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 3,949 | $ 4,762 | $ 7,700 | $ 9,215 |
Foreign currency: | ||||
Translation adjustment, net of taxes of $(69), $88, $(61) and $140 | (221) | 264 | (192) | 457 |
Reclassification adjustment included in net income, net of taxes of $(14), $0, $(14) and $0 | 127 | 0 | 127 | 0 |
Securities: | ||||
Net unrealized gains (losses), net of taxes of $1, $(4), $(1) and $4 | (7) | (11) | (17) | 12 |
Reclassification adjustment included in net income, net of taxes of $1, $1, $3 and $2 | 4 | 2 | 10 | 5 |
Derivative instruments: | ||||
Net unrealized gains (losses), net of taxes of $(65), $45, $(16) and $2 | (260) | 176 | (49) | 24 |
Reclassification adjustment included in net income, net of taxes of $4, $3, $7 and $6 | 10 | 11 | 22 | 23 |
Defined benefit postretirement plans: | ||||
Amortization of net prior service credit included in net income, net of taxes of $(123), $(161),$(246) and $(321) | (380) | (491) | (761) | (982) |
Other comprehensive income (loss) | (727) | (49) | (860) | (461) |
Total comprehensive income | 3,222 | 4,713 | 6,840 | 8,754 |
Less: Total comprehensive income attributable to noncontrolling interest | (352) | (273) | (658) | (498) |
Total Comprehensive Income Attributable to AT&T | $ 2,870 | $ 4,440 | $ 6,182 | $ 8,256 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Statement of Comprehensive Income [Abstract] | ||||
Foreign currency translation adjustments - tax effect | $ (69) | $ 88 | $ (61) | $ 140 |
Foreign currency translation, reclassification adjustment, tax effect | 14 | 0 | 14 | 0 |
Securities, available-for-sale, unrealized holding gain (loss), before adjustment, tax effect | 1 | (4) | (1) | 4 |
Securities, available-for-sale, reclassification adjustment, tax effect | (1) | (1) | (3) | (2) |
Derivativie instruments, cash flow hedge, gain (loss), before reclassification, tax effect | (65) | 45 | (16) | 2 |
Derivative instruments, reclassification adjustment, tax effect | (4) | (3) | 7 | 6 |
Defined benefit plan, prior service cost (credit), reclassification adjustment, tax effect | $ (123) | $ (161) | $ (246) | $ (321) |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current Assets | ||
Cash and cash equivalents | $ 3,093 | $ 6,722 |
Accounts receivable – net of related allowances for credit loss of $443 and $499 | 9,686 | 10,289 |
Inventories | 1,816 | 2,177 |
Prepaid and other current assets | 15,273 | 17,270 |
Total current assets | 29,868 | 36,458 |
Property, plant and equipment | 342,607 | 339,891 |
Less: accumulated depreciation and amortization | (214,835) | (211,402) |
Property, Plant and Equipment – Net | 127,772 | 128,489 |
Goodwill – Net | 67,854 | 67,854 |
Licenses – Net | 127,279 | 127,219 |
Other Intangible Assets – Net | 5,277 | 5,283 |
Investments in and Advances to Equity Affiliates | 584 | 1,251 |
Operating Lease Right-Of-Use Assets | 20,582 | 20,905 |
Other Assets | 18,810 | 19,601 |
Total Assets | 398,026 | 407,060 |
Current Liabilities | ||
Debt maturing within one year | 5,249 | 9,477 |
Accounts payable and accrued liabilities | 31,173 | 35,852 |
Advanced billings and customer deposits | 3,981 | 3,778 |
Dividends payable | 2,026 | 2,020 |
Total current liabilities | 42,429 | 51,127 |
Long-Term Debt | 125,355 | 127,854 |
Deferred Credits and Other Noncurrent Liabilities | ||
Deferred income taxes | 58,918 | 58,666 |
Postemployment benefit obligation | 8,744 | 8,734 |
Operating lease liabilities | 17,174 | 17,568 |
Other noncurrent liabilities | 24,082 | 23,696 |
Total deferred credits and other noncurrent liabilities | 108,918 | 108,664 |
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract] | ||
Redeemable Noncontrolling Interest | 1,977 | 1,973 |
Stockholders’ Equity | ||
Common stock ($1 par value, 14,000,000,000 authorized at June 30, 2024 and December 31, 2023: issued 7,620,748,598 at June 30, 2024 and December 31, 2023) | 7,621 | 7,621 |
Additional paid-in capital | 111,515 | 114,519 |
Retained earnings (deficit) | 2 | (5,015) |
Treasury stock (450,513,074 at June 30, 2024 and 470,685,237 at December 31, 2023, at cost) | (15,268) | (16,128) |
Accumulated other comprehensive income | 1,440 | 2,300 |
Noncontrolling interest | 14,037 | 14,145 |
Total stockholders’ equity | 119,347 | 117,442 |
Total Liabilities and Stockholders’ Equity | 398,026 | 407,060 |
Series A (48,000 issued and outstanding at June 30, 2024 and December 31, 2023) | ||
Stockholders’ Equity | ||
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2024 and December 31, 2023): | 0 | 0 |
Series B (20,000 issued and outstanding at June 30, 2024 and December 31, 2023) | ||
Stockholders’ Equity | ||
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2024 and December 31, 2023): | 0 | 0 |
Series C (70,000 issued and outstanding at June 30, 2024 and December 31, 2023) | ||
Stockholders’ Equity | ||
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2024 and December 31, 2023): | $ 0 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Allowances for doubtful accounts | $ 443 | $ 499 |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, authorized (in shares) | 14,000,000,000 | 14,000,000,000 |
Common stock, issued (in shares) | 7,620,748,598 | 7,620,748,598 |
Treasury stock, held (in shares) | 450,513,074 | 470,685,237 |
Preferred Stock - Series A | ||
Preferred stock, issued (in shares) | 48,000 | 48,000 |
Preferred stock, outstanding (in shares) | 48,000 | 48,000 |
Preferred Stock - Series B | ||
Preferred stock, issued (in shares) | 20,000 | 20,000 |
Preferred stock, outstanding (in shares) | 20,000 | 20,000 |
Preferred Stock - Series C | ||
Preferred stock, issued (in shares) | 70,000 | 70,000 |
Preferred stock, outstanding (in shares) | 70,000 | 70,000 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Operating Activities | ||
Net income | $ 7,700 | $ 9,215 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 10,119 | 9,306 |
Provision for uncollectible accounts | 942 | 929 |
Deferred income tax expense | 1,203 | 1,836 |
Net (gain) loss on investments, net of impairments | 185 | (160) |
Actuarial and settlement (gain) loss on pension and postretirement benefits - net | 0 | 74 |
Pension and postretirement benefit expense (credit) | (941) | (1,341) |
Asset impairments and abandonments and restructuring | 639 | 0 |
Changes in operating assets and liabilities: | ||
Receivables | 130 | 1,342 |
Other current assets | 1,149 | 1,106 |
Accounts payable and other accrued liabilities | (4,831) | (5,769) |
Equipment installment receivables and related sales | (320) | (302) |
Deferred customer contract acquisition and fulfillment costs | 294 | 34 |
Postretirement claims and contributions | (93) | (556) |
Other - net | 464 | 1,034 |
Total adjustments | 8,940 | 7,385 |
Net Cash Provided by Operating Activities | 16,640 | 16,600 |
Investing Activities | ||
Capital expenditures | (8,118) | (8,605) |
Acquisitions, net of cash acquired | (270) | (515) |
Dispositions | 14 | 16 |
Distributions from DIRECTV in excess of cumulative equity in earnings | 586 | 974 |
(Purchases), sales and settlements of securities and investments, net | 1,147 | (1,056) |
Other - net | (336) | (55) |
Net Cash Used in Investing Activities | (6,977) | (9,241) |
Financing Activities | ||
Net change in short-term borrowings with original maturities of three months or less | 2,686 | (914) |
Issuance of other short-term borrowings | 491 | 5,406 |
Repayment of other short-term borrowings | (2,487) | (867) |
Issuance of long-term debt | 2 | 9,633 |
Repayment of long-term debt | (6,910) | (7,609) |
Repayment of note payable to DIRECTV | 0 | (130) |
Payment of vendor financing | (1,391) | (3,756) |
Purchase of treasury stock | (159) | (189) |
Issuance of treasury stock | 0 | 3 |
Issuance of preferred interests in subsidiary | 0 | 7,151 |
Redemption of preferred interests in subsidiary | 0 | (5,333) |
Dividends paid | (4,133) | (4,097) |
Other - net | (1,392) | (828) |
Net Cash Used in Financing Activities | (13,293) | (1,530) |
Net increase (decrease) in cash and cash equivalents and restricted cash | (3,630) | 5,829 |
Cash and cash equivalents and restricted cash beginning of year | 6,833 | 3,793 |
Cash and Cash Equivalents and Restricted Cash End of Period | $ 3,203 | $ 9,622 |
Consolidated Statement Of Chang
Consolidated Statement Of Changes In Stockholders' Equity - USD ($) shares in Millions, $ in Millions | Total | Preferred Stock Preferred Stock - Series A | Preferred Stock Preferred Stock - Series B | Preferred Stock Preferred Stock - Series C | Common Stock | Additional Paid-In Capital | Retained Earnings (Deficit) | Treasury stock, held (in shares) | Accumulated Other Comprehensive Income Attributable to AT&T, net of tax | Noncontrolling Interest1 |
Balance at beginning of period at Dec. 31, 2022 | $ 106,457 | $ 0 | $ 0 | $ 0 | $ 7,621 | $ 123,610 | $ (19,415) | $ (17,082) | $ 2,766 | $ 8,957 |
Balance at beginning of period (in shares) at Dec. 31, 2022 | 0 | 0 | 0 | 7,621 | (493) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Repurchase and acquisition of common stock | $ (189) | |||||||||
Repurchase and acquisition of common stock (in shares) | (10) | |||||||||
Issuance/reissuance of treasury stock | (368) | $ (1,113) | ||||||||
Issuance/reissuance of treasury stock (in shares) | 32 | |||||||||
Share-based payments | (274) | |||||||||
Redemption or reclassification of interest held by noncontrolling owners | 0 | |||||||||
Net income attributable to AT&T | 8,717 | 8,717 | ||||||||
Preferred stock dividends | (134) | 0 | ||||||||
Dividends, Common Stock, Cash | (4,001) | 0 | ||||||||
Other comprehensive income (loss) attributable to AT&T | (461) | (461) | ||||||||
Net income attributable to noncontrolling interest | 498 | 492 | ||||||||
Issuance and acquisition by noncontrolling owners | 5,181 | |||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | 0 | |||||||||
Distributions | (458) | |||||||||
Balance at end of period at Jun. 30, 2023 | 116,075 | $ 0 | $ 0 | $ 0 | $ 7,621 | 118,833 | (10,698) | $ (16,158) | 2,305 | 14,172 |
Balance at end of period (in shares) at Jun. 30, 2023 | 0 | 0 | 0 | 7,621 | (471) | |||||
Balance at beginning of period at Mar. 31, 2023 | 108,346 | $ 0 | $ 0 | $ 0 | $ 7,621 | 120,774 | (15,187) | $ (16,166) | 2,354 | 8,950 |
Balance at beginning of period (in shares) at Mar. 31, 2023 | 0 | 0 | 0 | 7,621 | (472) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Repurchase and acquisition of common stock | $ (1) | |||||||||
Repurchase and acquisition of common stock (in shares) | 0 | |||||||||
Issuance/reissuance of treasury stock | (3) | $ (9) | ||||||||
Issuance/reissuance of treasury stock (in shares) | 1 | |||||||||
Share-based payments | (97) | |||||||||
Redemption or reclassification of interest held by noncontrolling owners | 0 | |||||||||
Net income attributable to AT&T | 4,489 | 4,489 | ||||||||
Preferred stock dividends | (36) | 0 | ||||||||
Dividends, Common Stock, Cash | (1,999) | 0 | ||||||||
Other comprehensive income (loss) attributable to AT&T | (49) | |||||||||
Net income attributable to noncontrolling interest | 273 | 267 | ||||||||
Issuance and acquisition by noncontrolling owners | 5,181 | |||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | 0 | |||||||||
Distributions | (226) | |||||||||
Balance at end of period at Jun. 30, 2023 | 116,075 | $ 0 | $ 0 | $ 0 | $ 7,621 | 118,833 | (10,698) | $ (16,158) | 2,305 | 14,172 |
Balance at end of period (in shares) at Jun. 30, 2023 | 0 | 0 | 0 | 7,621 | (471) | |||||
Balance at beginning of period at Dec. 31, 2023 | 117,442 | $ 0 | $ 0 | $ 0 | $ 7,621 | 114,519 | (5,015) | $ (16,128) | 2,300 | 14,145 |
Balance at beginning of period (in shares) at Dec. 31, 2023 | 0 | 0 | 0 | 7,621 | (471) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Repurchase and acquisition of common stock | $ (159) | |||||||||
Repurchase and acquisition of common stock (in shares) | (9) | |||||||||
Issuance/reissuance of treasury stock | (416) | $ (1,019) | ||||||||
Issuance/reissuance of treasury stock (in shares) | 29 | |||||||||
Share-based payments | (183) | |||||||||
Redemption or reclassification of interest held by noncontrolling owners | (292) | |||||||||
Net income attributable to AT&T | 7,042 | 7,042 | ||||||||
Preferred stock dividends | (98) | (36) | ||||||||
Dividends, Common Stock, Cash | (2,015) | (1,989) | ||||||||
Other comprehensive income (loss) attributable to AT&T | (860) | (860) | ||||||||
Net income attributable to noncontrolling interest | 658 | 587 | ||||||||
Issuance and acquisition by noncontrolling owners | 0 | |||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | (58) | |||||||||
Distributions | (637) | |||||||||
Balance at end of period at Jun. 30, 2024 | 119,347 | $ 0 | $ 0 | $ 0 | $ 7,621 | 111,515 | 2 | $ (15,268) | 1,440 | 14,037 |
Balance at end of period (in shares) at Jun. 30, 2024 | 0 | 0 | 0 | 7,621 | (451) | |||||
Balance at beginning of period at Mar. 31, 2024 | 118,620 | $ 0 | $ 0 | $ 0 | $ 7,621 | 111,599 | (1,570) | $ (15,277) | 2,167 | 14,080 |
Balance at beginning of period (in shares) at Mar. 31, 2024 | 0 | 0 | 0 | 7,621 | (451) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Repurchase and acquisition of common stock | $ (2) | |||||||||
Repurchase and acquisition of common stock (in shares) | 0 | |||||||||
Issuance/reissuance of treasury stock | (3) | $ (11) | ||||||||
Issuance/reissuance of treasury stock (in shares) | 0 | |||||||||
Share-based payments | (83) | |||||||||
Redemption or reclassification of interest held by noncontrolling owners | (152) | |||||||||
Net income attributable to AT&T | 3,597 | 3,597 | ||||||||
Preferred stock dividends | 0 | (36) | ||||||||
Dividends, Common Stock, Cash | (12) | (1,989) | ||||||||
Other comprehensive income (loss) attributable to AT&T | (727) | |||||||||
Net income attributable to noncontrolling interest | 352 | 317 | ||||||||
Issuance and acquisition by noncontrolling owners | 0 | |||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | (41) | |||||||||
Distributions | (319) | |||||||||
Balance at end of period at Jun. 30, 2024 | $ 119,347 | $ 0 | $ 0 | $ 0 | $ 7,621 | $ 111,515 | $ 2 | $ (15,268) | $ 1,440 | $ 14,037 |
Balance at end of period (in shares) at Jun. 30, 2024 | 0 | 0 | 0 | 7,621 | (451) |
Consolidated Statement Of Cha_2
Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Additional Paid-In Capital | ||||
Dividends to stockholders, per share (in dollars per share) | $ 0.2775 | $ 0.2775 | $ 0.5550 | $ 0.5550 |
Retained Earnings (Deficit) | ||||
Dividends to stockholders, per share (in dollars per share) | $ 0.2775 | $ 0 | $ 0.2775 | $ 0 |
Preparation Of Interim Financia
Preparation Of Interim Financial Statements | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Preparation Of Interim Financial Statements | NOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS Basis of Presentation Throughout this document, AT&T Inc. is referred to as “we,” “AT&T” or the “Company.” The consolidated financial statements include the accounts of the Company and subsidiaries and affiliates which we control. AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications and technology industries. 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 December 31, 2023. The results for the interim periods are not necessarily indicative of those for the full year. These consolidated financial statements include all adjustments that are necessary to present fairly the results for the presented interim periods, consisting of normal recurring accruals and other items. All significant intercompany transactions are eliminated in the consolidation process. Investments in subsidiaries and partnerships which we do not control but have significant influence are accounted for under the equity method. Earnings from certain investments accounted for using the equity method are included in our results on a one quarter lag. We also record our proportionate share of our equity method investees’ other comprehensive income (OCI) items, including translation adjustments. |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | NOTE 2. EARNINGS PER SHARE A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Numerators Numerator for basic earnings per share: Net Income Attributable to Common Stock $ 3,546 $ 4,437 $ 6,941 $ 8,613 Dilutive potential common shares: Mobility preferred interests — — — 72 Share-based payment — — — 7 Numerator for diluted earnings per share $ 3,546 $ 4,437 $ 6,941 $ 8,692 Denominators (000,000) Denominator for basic earnings per share: Weighted average number of common shares outstanding 7,196 7,180 7,194 7,174 Dilutive potential common shares: Mobility preferred interests (in shares) — — — 142 Share-based payment (in shares) 2 — 1 11 Denominator for diluted earnings per share 7,198 7,180 7,195 7,327 On April 5, 2023, we repurchased all our Series A Cumulative Perpetual Preferred Membership Interests in AT&T Mobility II LLC (Mobility preferred interests). For periods prior to repurchase, under Accounting Standards Update (ASU) No. 2020-06, “Debt—Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (ASU 2020-06), the ability to settle the Mobility preferred interests in stock was reflected in our diluted earnings per share calculation. |
Other Comprehensive Income
Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2024 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Other Comprehensive Income | NOTE 3. OTHER COMPREHENSIVE INCOME Changes in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax. Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2023 $ (1,337) $ (57) $ (1,029) $ 4,723 $ 2,300 Other comprehensive income (loss) before reclassifications (192) (17) (49) — (258) Amounts reclassified from accumulated OCI 127 1 10 1 22 2 (761) 3 (602) Net other comprehensive income (loss) (65) (7) (27) (761) (860) Balance as of June 30, 2024 $ (1,402) $ (64) $ (1,056) $ 3,962 $ 1,440 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2022 $ (1,800) $ (90) $ (1,998) $ 6,654 $ 2,766 Other comprehensive income (loss) before reclassifications 457 12 24 — 493 Amounts reclassified from accumulated OCI — 1 5 1 23 2 (982) 3 (954) Net other comprehensive income (loss) 457 17 47 (982) (461) Balance as of June 30, 2023 $ (1,343) $ (73) $ (1,951) $ 5,672 $ 2,305 1 (Gains) losses are included in “Other income (expense) - net” in the consolidated statements of income. 2 (Gains) losses are primarily included in “Interest expense” in the consolidated statements of income (see Note 7). 3 The amortization of prior service credits associated with postretirement benefits are included in “Other income (expense) - net” in the consolidated statements of income (see Note 6). |
Segment Information
Segment Information | 6 Months Ended |
Jun. 30, 2024 | |
Segment Reporting [Abstract] | |
Segment Information | NOTE 4. SEGMENT INFORMATION Our segments are comprised of strategic business units or other operations that offer products and services to different customer segments over various technology platforms and/or in different geographies that are managed accordingly. We have two reportable segments: Communications and Latin America. We also evaluate segment and business unit performance based on EBITDA and/or EBITDA margin, which is defined as operating income excluding depreciation and amortization. EBITDA is used as part of our management reporting and we believe EBITDA to be a relevant and useful measurement to our investors as it measures the cash generation potential of our business units. EBITDA does not give effect to depreciation and amortization expenses incurred in operating income nor is it burdened by cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA margin is EBITDA divided by total revenue. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the U.S. and businesses globally. Our business strategies reflect integrated product offerings that cut across product lines and utilize shared assets. This segment contains the following business units: • Mobility provides nationwide wireless service and equipment. • Business Wireline provides advanced ethernet-based fiber services, IP Voice and managed professional services, as well as traditional voice and data services and related equipment to business customers. In the first quarter of 2024, we began offering our fixed wireless access product that provides internet services delivered over our 5G wireless network where available. • Consumer Wireline provides broadband services, including fiber connections that provide multi-gig services to residential customers in select locations and our fixed wireless access product that provides home internet services delivered over our 5G wireless network where available. Consumer Wireline also provides legacy telephony voice communication services. The Latin America segment provides wireless services and equipment in Mexico. Corporate and Other reconciles our segment results to consolidated operating income and income before income taxes. Corporate includes : • DTV-related retained costs , which are costs previously allocated to the Video business that were retained after the transaction, net of reimbursements from DIRECTV Entertainment Holdings, LLC (DIRECTV) under transition service agreements. • Parent administration support , which includes costs borne by AT&T where the business units do not influence decision making. • Securitization fees associated with our sales of receivables (see Note 8). • Value portfolio , which are businesses no longer integral to our operations or which we no longer actively market. Other items consist of : • Certain significant items , which includes items associated with the merger and integration of acquired or divested businesses, including amortization of intangible assets, employee separation charges associated with voluntary and/or strategic offers, asset impairments and abandonments and restructuring, and other items for which the segments are not being evaluated. “Interest expense” and “Other income (expense) – net” are managed only on a total company basis and are, accordingly, reflected only in consolidated results. For the three months ended June 30, 2024 Revenues Operations EBITDA Depreciation Operating Communications Mobility $ 20,480 $ 11,285 $ 9,195 $ 2,476 $ 6,719 Business Wireline 4,755 3,267 1,488 1,386 102 Consumer Wireline 3,347 2,249 1,098 914 184 Total Communications 28,582 16,801 11,781 4,776 7,005 Latin America - Mexico 1,103 925 178 172 6 Segment Total 29,685 17,726 11,959 4,948 7,011 Corporate and Other Corporate: DTV-related retained costs — 116 (116) 102 (218) Parent administration support — 443 (443) 2 (445) Securitization fees 29 150 (121) — (121) Value portfolio 83 25 58 5 53 Total Corporate 112 734 (622) 109 (731) Certain significant items — 505 (505) 15 (520) Total Corporate and Other 112 1,239 (1,127) 124 (1,251) AT&T Inc. $ 29,797 $ 18,965 $ 10,832 $ 5,072 $ 5,760 For the three months ended June 30, 2023 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Communications Mobility $ 20,315 $ 11,579 $ 8,736 $ 2,123 $ 6,613 Business Wireline 5,279 3,550 1,729 1,333 396 Consumer Wireline 3,251 2,226 1,025 857 168 Total Communications 28,845 17,355 11,490 4,313 7,177 Latin America - Mexico 967 821 146 185 (39) Segment Total 29,812 18,176 11,636 4,498 7,138 Corporate and Other Corporate: DTV-related retained costs — 178 (178) 152 (330) Parent administration support (3) 332 (335) 2 (337) Securitization fees 17 154 (137) — (137) Value portfolio 91 24 67 6 61 Total Corporate 105 688 (583) 160 (743) Certain significant items — (28) 28 17 11 Total Corporate and Other 105 660 (555) 177 (732) AT&T Inc. $ 29,917 $ 18,836 $ 11,081 $ 4,675 $ 6,406 For the six months ended June 30, 2024 Revenues Operations EBITDA Depreciation Operating Communications Mobility $ 41,074 $ 22,924 $ 18,150 $ 4,963 $ 13,187 Business Wireline 9,668 6,754 2,914 2,748 166 Consumer Wireline 6,697 4,505 2,192 1,795 397 Total Communications 57,439 34,183 23,256 9,506 13,750 Latin America - Mexico 2,166 1,808 358 349 9 Segment Total 59,605 35,991 23,614 9,855 13,759 Corporate and Other Corporate: DTV-related retained costs — 250 (250) 222 (472) Parent administration support — 835 (835) 3 (838) Securitization fees 55 315 (260) — (260) Value portfolio 165 51 114 9 105 Total Corporate 220 1,451 (1,231) 234 (1,465) Certain significant items — 657 (657) 30 (687) Total Corporate and Other 220 2,108 (1,888) 264 (2,152) AT&T Inc. $ 59,825 $ 38,099 $ 21,726 $ 10,119 $ 11,607 For the six months ended June 30, 2023 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Communications Mobility $ 40,897 $ 23,792 $ 17,105 $ 4,221 $ 12,884 Business Wireline 10,610 7,173 3,437 2,663 774 Consumer Wireline 6,490 4,510 1,980 1,718 262 Total Communications 57,997 35,475 22,522 8,602 13,920 Latin America - Mexico 1,850 1,559 291 360 (69) Segment Total 59,847 37,034 22,813 8,962 13,851 Corporate and Other Corporate: DTV-related retained costs — 347 (347) 296 (643) Parent administration support (12) 706 (718) 3 (721) Securitization fees 36 275 (239) — (239) Value portfolio 185 52 133 11 122 Total Corporate 209 1,380 (1,171) 310 (1,481) Certain significant items — (72) 72 34 38 Total Corporate and Other 209 1,308 (1,099) 344 (1,443) AT&T Inc. $ 60,056 $ 38,342 $ 21,714 $ 9,306 $ 12,408 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 Six months ended 2024 2023 2024 2023 Communications $ 7,005 $ 7,177 $ 13,750 $ 13,920 Latin America 6 (39) 9 (69) Segment Operating Income 7,011 7,138 13,759 13,851 Reconciling Items: Corporate (731) (743) (1,465) (1,481) Transaction and other costs (35) — (67) — Amortization of intangibles acquired (15) (17) (30) (34) Asset impairments and abandonments and restructuring (480) — (639) — Benefit-related gains (losses) 10 28 49 72 AT&T Operating Income 5,760 6,406 11,607 12,408 Interest expense 1,699 1,608 3,423 3,316 Equity in net income of affiliates 348 380 643 918 Other income (expense) — net 682 987 1,133 1,922 Income Before Income Taxes $ 5,091 $ 6,165 $ 9,960 $ 11,932 |
Revenue Recognition
Revenue Recognition | 6 Months Ended |
Jun. 30, 2024 | |
Revenue from Contract with Customer [Abstract] | |
Revenue Recognition | NOTE 5. REVENUE RECOGNITION Revenue Categories The following tables set forth reported revenue by category and by business unit: For the three months ended June 30, 2024 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 16,277 $ — $ — $ 699 $ — $ 16,976 Business service — 4,571 — — — 4,571 Broadband — — 2,741 — — 2,741 Legacy voice and data — — 323 — 62 385 Other — — 283 — 50 333 Total Service 16,277 4,571 3,347 699 112 25,006 Equipment 4,203 184 — 404 — 4,791 Total $ 20,480 $ 4,755 $ 3,347 $ 1,103 $ 112 $ 29,797 For the three months ended June 30, 2023 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 15,745 $ — $ — $ 635 $ — $ 16,380 Business service — 5,114 — — — 5,114 Broadband — — 2,561 — — 2,561 Legacy voice and data — — 383 — 80 463 Other — — 307 — 25 332 Total Service 15,745 5,114 3,251 635 105 24,850 Equipment 4,570 165 — 332 — 5,067 Total $ 20,315 $ 5,279 $ 3,251 $ 967 $ 105 $ 29,917 For the six months ended June 30, 2024 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 32,271 $ — $ — $ 1,389 $ — $ 33,660 Business service — 9,271 — — — 9,271 Broadband — — 5,463 — — 5,463 Legacy voice and data — — 665 — 124 789 Other — — 569 — 96 665 Total Service 32,271 9,271 6,697 1,389 220 49,848 Equipment 8,803 397 — 777 — 9,977 Total $ 41,074 $ 9,668 $ 6,697 $ 2,166 $ 220 $ 59,825 For the six months ended June 30, 2023 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 31,228 $ — $ — $ 1,226 $ — $ 32,454 Business service — 10,314 — — — 10,314 Broadband — — 5,088 — — 5,088 Legacy voice and data — — 779 — 163 942 Other — — 623 — 46 669 Total Service 31,228 10,314 6,490 1,226 209 49,467 Equipment 9,669 296 — 624 — 10,589 Total $ 40,897 $ 10,610 $ 6,490 $ 1,850 $ 209 $ 60,056 Deferred Customer Contract Acquisition and Fulfillment Costs Costs to acquire and fulfill customer contracts, including commissions on service activations for our Mobility, Business Wireline and Consumer Wireline services, are deferred and amortized over the contract period or expected customer relationship life, which typically ranges from three years to five years. The following table presents the deferred customer contract acquisition and fulfillment costs included on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2024 2023 Deferred Acquisition Costs Prepaid and other current assets $ 3,176 $ 3,233 Other Assets 4,087 4,077 Total deferred customer contract acquisition costs $ 7,263 $ 7,310 Deferred Fulfillment Costs Prepaid and other current assets $ 2,213 $ 2,340 Other Assets 3,533 3,843 Total deferred customer contract fulfillment costs $ 5,746 $ 6,183 The following table presents deferred customer contract acquisition and fulfillment cost amortization, which are primarily included in “Selling, general and administrative” and “Other cost of revenues,” respectively, for the six months ended: June 30, June 30, Consolidated Statements of Income 2024 2023 Deferred acquisition cost amortization $ 1,808 $ 1,688 Deferred fulfillment cost amortization 1,294 1,353 Contract Assets and Liabilities A contract asset is recorded when revenue is recognized in advance of our right to bill and receive consideration. The contract asset will decrease as services are provided and billed. For example, when installment sales include promotional discounts (e.g., trade-in device credits) the difference between revenue recognized and consideration received is recorded as a contract asset to be amortized over the contract term. Our contract assets primarily relate to our wireless businesses. Promotional equipment sales where we offer handset credits, which are allocated between equipment and service in proportion to their standalone selling prices, when customers commit to a specified service period result in additional contract assets recognized. These contract assets will amortize over the service contract period, resulting in lower future service revenue. When consideration is received in advance of the delivery of goods or services, a contract liability is recorded. Reductions in the contract liability will be recorded as we satisfy the performance obligations. The following table presents contract assets and liabilities on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2024 2023 Contract asset $ 6,492 $ 6,518 Current portion in “Prepaid and other current assets” 3,661 3,549 Contract liability 4,155 3,994 Current portion in “Advanced billings and customer deposits” 3,857 3,666 Our beginning of period contract liability recorded as customer contract revenue during 2024 was $3,142. Remaining Performance Obligations Remaining performance obligations represent services we are required to provide to customers under bundled or discounted arrangements, which are satisfied as services are provided over the contract term. In determining the transaction price allocated, we do not include non-recurring charges and estimates for usage, nor do we consider arrangements with an original expected duration of less than one year, which are primarily prepaid wireless and residential internet agreements. Remaining performance obligations associated with business contracts reflect recurring charges billed, adjusted to reflect estimates for sales incentives and revenue adjustments. Performance obligations associated with wireless contracts are estimated using a portfolio approach in which we review all relevant promotional activities, calculating the remaining performance obligation using the average service component for the portfolio and the average device price. As of June 30, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $38,744, of which we expect to recognize approximately 72% by the end of 2025, with the balance recognized thereafter. |
Pension And Postretirement Bene
Pension And Postretirement Benefits | 6 Months Ended |
Jun. 30, 2024 | |
Retirement Benefits [Abstract] | |
Pension And Postretirement Benefits | NOTE 6. PENSION AND POSTRETIREMENT BENEFITS Many of our employees are covered by one of our noncontributory pension plans. We also provide certain medical, dental, life insurance and death benefits to certain retired employees under various plans and accrue actuarially determined postretirement benefit costs. 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 provide benefits described in the plans to employees upon their retirement. We do not have significant funding requirements in 2024. We recognize actuarial gains and losses on pension and postretirement plan assets in our consolidated results as a component of “Other income (expense) – net” at our annual measurement date of December 31, unless earlier remeasurements are required. The following table details qualified pension and postretirement benefit costs included in the accompanying consolidated statements of income. The service cost component of net periodic pension (credit) cost is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in “Other income (expense) – net.” Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Pension cost: Service cost – benefits earned during the period $ 121 $ 122 $ 243 $ 243 Interest cost on projected benefit obligation 397 516 793 1,032 Expected return on assets (552) (715) (1,105) (1,429) Amortization of prior service credit (22) (34) (44) (67) Net pension (credit) cost before remeasurement (56) (111) (113) (221) Actuarial (gain) loss — 289 — 289 Settlement (gain) loss — (363) — (363) Net pension (credit) cost $ (56) $ (185) $ (113) $ (295) Postretirement cost: Service cost – benefits earned during the period $ 6 $ 6 $ 11 $ 12 Interest cost on accumulated postretirement benefit obligation 78 85 155 170 Expected return on assets (16) (33) (30) (66) Amortization of prior service credit (482) (618) (964) (1,236) Net postretirement (credit) cost $ (414) $ (560) $ (828) $ (1,120) Combined net pension and postretirement (credit) cost $ (470) $ (745) $ (941) $ (1,415) We also provide senior- and middle-management employees with nonqualified, unfunded supplemental retirement and savings plans. Net supplemental pension benefits costs not included in the table above were $16 and $18 in the second quarter and $33 and $37 for the first six months of 2024 and 2023, respectively. |
Fair Value Measurements And Dis
Fair Value Measurements And Disclosure | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements And Disclosure | NOTE 7. FAIR VALUE MEASUREMENTS AND DISCLOSURE The Fair Value Measurement and Disclosure framework in ASC 820, “Fair Value Measurement,” provides a three-tiered fair value hierarchy based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. The level of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Our valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. The valuation methodologies described above may produce a fair value calculation that may not be indicative of future net realizable value or reflective of future fair values. We believe our valuation methods are appropriate and consistent with other market participants. The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. There have been no changes in the methodologies used since December 31, 2023. Long-Term Debt and Other 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: June 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Amount Value Amount Value Notes and debentures 1 $ 126,253 $ 117,290 $ 133,402 $ 128,474 Commercial paper 2,693 2,693 2,091 2,091 Investment securities 2 2,972 2,972 2,836 2,836 1 Includes credit agreement borrowings. 2 Excludes investments accounted for under the equity method. The carrying amount of debt with an original maturity of less than one year approximates fair value. The fair value measurements used for notes and debentures are considered Level 2 and are determined using various methods, including quoted prices for identical or similar securities in both active and inactive markets. Following is the fair value leveling for investment securities that are measured at fair value and derivatives as of June 30, 2024 and December 31, 2023. Derivatives designated as hedging instruments are reflected as “Prepaid and other current assets,” “Other Assets,” “Accounts payable and accrued liabilities,” and “Other noncurrent liabilities” on our consolidated balance sheets. June 30, 2024 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,087 $ — $ — $ 1,087 International equities 285 — — 285 Fixed income equities 208 — — 208 Available-for-Sale Debt Securities — 1,169 — 1,169 Asset Derivatives Cross-currency swaps — 121 — 121 Liability Derivatives Interest rate swaps — (1) — (1) Cross-currency swaps — (3,794) — (3,794) December 31, 2023 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,002 $ — $ — $ 1,002 International equities 215 — — 215 Fixed income equities 209 — — 209 Available-for-Sale Debt Securities — 1,228 — 1,228 Asset Derivatives Cross-currency swaps — 424 — 424 Liability Derivatives Interest rate swaps — (2) — (2) Cross-currency swaps — (3,601) — (3,601) Investment Securities Our investment securities include both equity and debt securities that are measured at fair value, as well as equity securities without readily determinable fair values. A substantial portion of the fair values of our investment securities is estimated based on quoted market prices. Investments in equity securities not traded on a national securities exchange are valued at cost, less any impairment, and adjusted for changes resulting from observable, orderly transactions for identical or similar securities. Investments in debt securities not traded on a national securities exchange are valued using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. The components comprising total gains and losses in the period on equity securities are as follows: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Total gains (losses) recognized on equity securities $ 29 $ 82 $ 126 $ 165 Gains (losses) recognized on equity securities sold (5) (3) (8) 1 Unrealized gains (losses) recognized on equity securities held at end of period $ 34 $ 85 $ 134 $ 164 At June 30, 2024, available-for-sale debt securities totaling $1,169 have maturities as follows - less than one year: $62; one to three years: $192; three to five years: $116; five or more years: $799. Our cash equivalents (money market securities), short-term investments (certificate and time deposits) and nonrefundable customer deposits are recorded at amortized cost, and the respective carrying amounts approximate fair values. Short-term investments and nonrefundable customer deposits are recorded in “Prepaid and other current assets” and our investment securities are recorded in “Other Assets” on the consolidated balance sheets. Derivative Financial Instruments We enter into derivative transactions to manage certain market risks, primarily interest rate risk and foreign currency exchange risk. This includes the use of interest rate swaps, interest rate locks, foreign exchange forward contracts and combined interest rate foreign exchange contracts (cross-currency swaps). We do not use derivatives for trading or speculative purposes. We record derivatives on our consolidated balance sheets at fair value that is derived from observable market data, including yield curves and foreign exchange rates (all of our derivatives are Level 2). Cash flows associated with derivative instruments are presented in the same category on the consolidated statements of cash flows as the item being hedged. Fair Value Hedging Periodically, we enter into and designate fixed-to-floating interest rate 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. These swaps involve the receipt of fixed-rate amounts for floating interest rate payments over the life of the swaps without exchange of the underlying principal amount. We also designate most of our cross-currency swaps and foreign exchange contracts as fair value hedges. The purpose of these contracts is to hedge foreign currency risk associated with changes in spot rates on foreign denominated debt. For cross-currency hedges, we have elected to exclude the change in fair value of the swap related to both time value and cross-currency basis spread from the assessment of hedge effectiveness. For foreign exchange contracts, we have elected to exclude the change in fair value of forward points from the assessment of hedge effectiveness. Unrealized and realized gains or losses from fair value hedges impact the same category on the consolidated statements of income as the item being hedged, including the earnings impact of excluded components. In instances where we have elected to exclude components from the assessment of hedge effectiveness related to fair value hedges, unrealized gains or losses on such excluded components are recorded as a component of accumulated OCI and recognized into earnings over the life of the hedging instrument. Unrealized gains on derivatives designated as fair value hedges are recorded at fair value as assets, and unrealized losses are recorded at fair market value as liabilities. Except for excluded components, changes in the fair value of derivative instruments designated as fair value hedges are offset against the change in fair value of the hedged assets or liabilities through earnings. In the six months ended June 30, 2024 and 2023, no ineffectiveness was measured on fair value hedges. Cash Flow Hedging We designate some of our cross-currency swaps as cash flow hedges to hedge our exposure to variability in expected future cash flows that are attributable to foreign currency risk and interest rate risk generated from our foreign-denominated debt. These agreements include initial and final exchanges of principal from fixed foreign denominated amounts to fixed U.S. dollar denominated amounts, to be exchanged at a specified rate that is usually determined by the market spot rate upon issuance. They also include an interest rate swap of a fixed or floating foreign denominated interest rate to a fixed U.S. dollar denominated interest rate. Unrealized gains on derivatives designated as cash flow hedges are recorded at fair value as assets and unrealized losses are recorded at fair value as liabilities. For derivative instruments designated as cash flow hedges, changes in fair value are reported as a component of accumulated OCI and are reclassified into the consolidated statements of income in the same period the hedged transaction affects earnings. Periodically, we enter into and designate interest rate locks to partially hedge the risk of changes in interest payments attributable to increases in the benchmark interest rate during the period leading up to the probable issuance of fixed-rate debt. We designate our interest rate locks as cash flow hedges. Gains and losses when we settle our interest rate locks are amortized into income over the life of the related debt. Over the next 12 months, we expect to reclassify $59 from accumulated OCI to “Interest expense” due to the amortization of net losses on historical interest rate locks. Collateral and Credit-Risk Contingency We have entered into agreements with our derivative counterparties establishing collateral thresholds based on respective credit ratings and netting agreements. At June 30, 2024, we had posted collateral of $680 (a deposit asset) and held collateral of $0 (a receipt liability). Under the agreements, if AT&T’s credit rating had been downgraded two ratings levels by Fitch Ratings, one level by S&P and one level by Moody’s before the final collateral exchange in June, we would have been required to post additional collateral of $50. If AT&T’s credit rating had been downgraded three ratings levels by Fitch Ratings, two levels by S&P, and two levels by Moody’s, we would have been required to post additional collateral of $3,594. At December 31, 2023, we had posted collateral of $670 (a deposit asset) and held collateral of $5 (a receipt liability). We do not offset the fair value of collateral, whether the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) exists, against the fair value of the derivative instruments. Following are the notional amounts of our outstanding derivative positions: June 30, December 31, 2024 2023 Interest rate swaps $ 1,750 $ 1,750 Cross-currency swaps 35,351 38,006 Total $ 37,101 $ 39,756 Following are the related hedged items affecting our financial position and performance: Effect of Derivatives on the Consolidated Statements of Income Three months ended Six months ended June 30, June 30, Fair Value Hedging Relationships 2024 2023 2024 2023 Interest rate swaps (“Interest expense”): Gain (loss) on interest rate swaps $ (1) $ (14) $ (1) $ (7) Gain (loss) on long-term debt 1 14 1 7 Cross-currency swaps: Gain (loss) on cross-currency swaps (178) 389 (424) 769 Gain (loss) on long-term debt 178 (389) 424 (769) Gain (loss) recognized in accumulated OCI (325) 222 (70) 40 Foreign exchange contracts: Gain (loss) on foreign exchange contracts — 4 — 11 Gain (loss) on long-term debt — (4) — (11) Gain (loss) recognized in accumulated OCI — (3) — (6) In addition, the net swap settlements that accrued and settled in the periods above were offset against “Interest expense.” The following table presents information for our cash flow hedging relationships: Three months ended Six months ended June 30, June 30, Cash Flow Hedging Relationships 2024 2023 2024 2023 Cross-currency swaps: Gain (loss) recognized in accumulated OCI $ — $ 2 $ 5 $ (8) Interest rate locks: Interest income (expense) reclassified from accumulated OCI into income (14) (14) (29) (29) |
Sales Of Receivables
Sales Of Receivables | 6 Months Ended |
Jun. 30, 2024 | |
Receivables [Abstract] | |
Sales Of Receivables | NOTE 8. SALES OF RECEIVABLES We have agreements with various third-party financial institutions pertaining to the sales of certain types of our accounts receivable. The most significant of these programs are discussed in detail below and generally consist of (1) receivables arising from equipment installment plans, which are sold for cash and beneficial interests, such as deferred purchase price, when applicable, and (2) revolving trade receivables, which are sold for cash. Under the terms of our agreements for these programs, we continue to service the transferred receivables on behalf of the financial institutions. The following table sets forth a summary of cash proceeds received, net of remittances paid, from sales of receivables: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Net cash received (paid) from equipment installment receivables program 1 $ (674) $ (36) $ (553) $ (60) Net cash received (paid) from revolving receivables program (29) 1,000 247 1,000 Net cash received (paid) from other programs — (142) — (256) Total net cash impact to cash flows from operating activities 2 $ (703) $ 822 $ (306) $ 684 1 Cash from initial sales of $2,532 and $2,656 for the three months and $5,406 and $5,185 for the six months ended June 30, 2024 and 2023, respectively. 2 Net of facility fees. The sales of receivables did not have a material impact on our consolidated statements of income or to “Total Assets” reported on our consolidated balance sheets. We reflect cash receipts on sold receivables as cash flows from operations in our consolidated statements of cash flows. In the event cash is received on the beneficial interests, those receipts are classified as cash flows from investing activities, when applicable. Our equipment installment and revolving receivables programs are discussed in detail below. The following table sets forth a summary of the receivables and accounts being serviced: June 30, 2024 December 31, 2023 Equipment Equipment Installment Revolving Installment Revolving Gross receivables: $ 3,194 $ 1,260 $ 3,714 $ 924 Balance sheet classification Accounts receivable Notes receivable 1,581 — 1,695 — Trade receivables 651 1,260 548 924 Other Assets Noncurrent notes and trade receivables 962 — 1,471 — Outstanding portfolio of receivables derecognized from our consolidated balance sheets $ 12,210 $ 1,800 $ 12,027 $ 1,500 Cash proceeds received, net of remittances 1 8,947 1,800 9,361 1,500 1 Represents amounts to which financial institutions remain entitled, excluding the beneficial interests. Equipment Installment Receivables Program We offer our customers the option to purchase certain wireless devices in installments over a specified period of time and, in many cases, once certain conditions are met, they may be eligible to trade in the original equipment for a new device and have the remaining unpaid balance paid or settled. We maintain a program under which we transfer a portion of these receivables through our bankruptcy-remote subsidiary in exchange for cash and beneficial interests. In the event a customer trades in a device prior to the end of the installment contract period, we agree to make a payment to the financial institutions equal to any outstanding remaining installment receivable balance. Accordingly, we record a guarantee obligation for this estimated amount at the time the receivables are transferred. The following table sets forth a summary of equipment installment receivables sold under this program: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Gross receivables sold 1 $ 2,557 $ 2,687 $ 5,461 $ 5,247 Net receivables sold 2 2,438 2,554 5,195 4,992 Cash proceeds received 2,532 2,656 5,406 5,185 Guarantee obligation recorded 217 242 483 448 1 Receivables net of promotion credits. 2 Receivables net of allowance and other reserves. Beneficial interests, when applicable, and guarantee obligations are initially recorded at estimated fair value and subsequently adjusted for changes in present value of expected cash flows. The estimation of their fair values is based on remaining installment payments expected to be collected and the expected timing and value of device trade-ins. The estimated value of the device trade-ins considers prices offered to us by independent third parties and contemplates changes in value after the launch of a device model. The fair value measurements used for the beneficial interests and the guarantee obligation are considered Level 3 under the Fair Value Measurement and Disclosure framework (see Note 7). The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated beneficial interests: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Fair value of repurchased receivables $ 724 $ 765 $ 1,442 $ 1,306 Carrying value of beneficial interests 743 769 1,464 1,311 Gain (loss) on repurchases 1 $ (19) $ (4) $ (22) $ (5) 1 These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income. At June 30, 2024 and December 31, 2023, our beneficial interests were $2,764 and $2,270, respectively, of which $1,639 and $1,296 are included in “Prepaid and other current assets” on our consolidated balance sheets, with the remainder in “Other Assets.” The guarantee obligation at June 30, 2024 and December 31, 2023 was $299 and $385, respectively, of which $106 and $111 are included in “Accounts payable and accrued liabilities” on our consolidated balance sheets, with the remainder in “Other noncurrent liabilities.” Our maximum exposure to loss as a result of selling these equipment installment receivables is limited to the total amount of our beneficial interests and guarantee obligation. Revolving Receivables Program During the first quarter of 2024, we expanded our revolving agreement to transfer up to $1,800 of certain receivables through our bankruptcy-remote subsidiaries to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred. This agreement is subject to renewal on an annual basis and the transfer limit may be expanded or reduced from time to time. As customers pay their balances, we transfer additional receivables into the program, resulting in our gross receivables sold exceeding net cash flow impacts (e.g., collect and reinvest). The transferred receivables are fully guaranteed by our bankruptcy-remote subsidiaries, which hold additional receivables in the amount of $1,260 that are pledged as collateral under this agreement. The transfers are recorded at fair value of the proceeds received and obligations assumed less derecognized receivables. Our maximum exposure to loss related to these receivables transferred is limited to the derecognized amount outstanding. The following table sets forth a summary of the revolving receivables sold: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Gross receivables sold/cash proceeds received 1 $ 4,672 $ 1,000 $ 8,846 $ 1,000 Total collections under revolving agreement 4,672 — 8,546 — Net cash proceeds received $ — $ 1,000 $ 300 $ 1,000 Net receivables sold 2 $ 4,549 $ 982 $ 8,612 $ 982 1 Includes initial sales of receivables of $0 and $1,000 for the three months and $300 and $1,000 for the six months ended June 30, 2024 and 2023, respectively. 2 Receivables net of allowance and other reserves. |
Transactions with DIRECTV
Transactions with DIRECTV | 6 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure | NOTE 9. TRANSACTIONS WITH DIRECTV We account for our investment in DIRECTV under the equity method and record our share of DIRECTV earnings as equity in net income of affiliates, with DIRECTV considered a related party. At June 30, 2024, our investment in DIRECTV was $293. The following table sets forth our share of DIRECTV’s earnings included in “Equity in net income of affiliates” and cash distributions received from DIRECTV: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 DIRECTV’s earnings included in Equity in net income of affiliates $ 350 $ 377 $ 674 $ 911 Distributions classified as operating activities $ 350 $ 377 $ 674 $ 911 Distributions classified as investing activities 392 200 586 974 Cash distributions received from DIRECTV $ 742 $ 577 $ 1,260 $ 1,885 For the three and six months ended June 30, 2024, we billed DIRECTV approximately $134 and $279 under commercial arrangements and transition service agreements, which were recorded as a reduction to the operations and support expenses incurred. At June 30, 2024 , we had accounts receivable from DIRECTV of $247 and accounts payable to DIRECTV of $50. We are not committed, implicitly or explicitly, to provide financial or other support, other than as noted above, as our involvement with DIRECTV is limited to the carrying amount of the assets and liabilities recognized on our consolidated balance sheet. |
Supplier and Vendor Financing P
Supplier and Vendor Financing Programs | 6 Months Ended |
Jun. 30, 2024 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 10. SUPPLIER AND VENDOR FINANCING PROGRAMS Supplier Financing Program We actively manage the timing of our supplier payments for operating items to optimize the use of our cash and seek to make payments on 90-day or greater terms, while providing suppliers with access to bank facilities that permit earlier payment at their cost. Our supplier financing program does not result in changes to our normal, contracted payment cycles or cash from operations. At the supplier’s election, they can receive payment of AT&T obligations prior to the scheduled due dates, at a discounted price from the third-party financial institution. The discounted price paid by participating suppliers is based on a variable rate that is indexed to the overnight borrowing rate. We agree to pay the financial institution the stated amount generally within 90 days of receipt of the invoice. We do not have pledged assets or other guarantees under our supplier financing program. Suppliers had elected to sell to the third-party financial institutions $3,059 and $2,844 of our outstanding payment obligations as of June 30, 2024 and December 31, 2023, respectively. These amounts are included in “Accounts payable and accrued liabilities” on our consolidated balance sheets. Our supplier financing programs are reported as operating or investing (when capitalizable) activities in our statements of cash flows when paid. Direct Supplier Financing We also have arrangements with suppliers of handset inventory that allow us to extend the stated payment terms by up to 90 days at an additional cost to us (variable rate extension fee). We had $3,432 of direct supplier financing outstanding at June 30, 2024 and $5,442 as of December 31, 2023, which are included in “Accounts payable and accrued liabilities” on our consolidated balance sheets. Our direct supplier financing is reported as operating activities in our statements of cash flows when paid. Vendor Financing In connection with capital improvements and the acquisition of other productive assets, we negotiate favorable payment terms of 120 days or more (referred to as vendor financing), which are reported as financing activities in our statements of cash flows when paid. For the six months ended June 30, 2024 and 2023, we recorded vendor financing commitments related to capital investments of $523 and $1,341, respectively. We had $1,827 of vendor financing payables at June 30, 2024, with $883 included in “Accounts payable and accrued liabilities” and $2,833 of vendor financing payables at December 31, 2023, with $1,975 included in “Accounts payable and accrued liabilities.” |
Additional Financial Informatio
Additional Financial Information | 6 Months Ended |
Jun. 30, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Additional Financial Information | NOTE 11. ADDITIONAL FINANCIAL INFORMATION Cash and Cash Flows We typically maintain our restricted cash balances for purchases and sales of certain investment securities and funding of certain deferred compensation benefit payments. The following table summarizes cash and cash equivalents and restricted cash balances contained on our consolidated balance sheets: June 30, December 31, 2024 2023 2023 2022 Cash and cash equivalents $ 3,093 $ 9,528 $ 6,722 $ 3,701 Restricted cash in Prepaid and other current assets 1 1 2 1 Restricted cash in Other Assets 109 93 109 91 Cash and Cash Equivalents and Restricted Cash $ 3,203 $ 9,622 $ 6,833 $ 3,793 The following table summarizes cash paid during the periods for interest and income taxes: Six months ended June 30, Cash paid (received) during the period for: 2024 2023 Interest $ 3,644 $ 3,604 Income taxes, net of refunds 299 335 The following table summarizes capital expenditures: Six months ended June 30, 2024 2023 Purchase of property and equipment $ 8,042 $ 8,515 Interest during construction - capital expenditures 1 76 90 Total Capital Expenditures $ 8,118 $ 8,605 The following table summarizes acquisitions, net of cash acquired: Six months ended June 30, 2024 2023 Business acquisitions $ — $ — Spectrum acquisitions 147 68 Interest during construction - spectrum 1 123 447 Total Acquisitions $ 270 $ 515 1 Total capitalized interest was $199 and $537 for the six months ended June 30, 2024 and 2023, respectively. |
Preparation Of Interim Financ_2
Preparation Of Interim Financial Statements (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Principles of Consolidation [Policy Text Block] | All significant intercompany transactions are eliminated in the consolidation process. Investments in subsidiaries and partnerships which we do not control but have significant influence are accounted for under the equity method. Earnings from certain investments accounted for using the equity method are included in our results on a one quarter lag. We also record our proportionate share of our equity method investees’ other comprehensive income (OCI) items, including translation adjustments. |
Basis of Accounting [Policy Text Block] | The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions, including estimates of fair value, probable losses and expenses, that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. |
Pension And Postretirement Be_2
Pension And Postretirement Benefits (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Retirement Benefits [Abstract] | |
Recognition of Actuarial Gains and Losses [Policy Text Block] | We recognize actuarial gains and losses on pension and postretirement plan assets in our consolidated results as a component of “Other income (expense) – net” at our annual measurement date of December 31, unless earlier remeasurements are required. |
Fair Value Measures and Disclos
Fair Value Measures and Disclosures (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Derivatives, Offsetting Fair Value Amounts [Policy Text Block] | We do not offset the fair value of collateral, whether the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) exists, against the fair value of the derivative instruments. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share | A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Numerators Numerator for basic earnings per share: Net Income Attributable to Common Stock $ 3,546 $ 4,437 $ 6,941 $ 8,613 Dilutive potential common shares: Mobility preferred interests — — — 72 Share-based payment — — — 7 Numerator for diluted earnings per share $ 3,546 $ 4,437 $ 6,941 $ 8,692 Denominators (000,000) Denominator for basic earnings per share: Weighted average number of common shares outstanding 7,196 7,180 7,194 7,174 Dilutive potential common shares: Mobility preferred interests (in shares) — — — 142 Share-based payment (in shares) 2 — 1 11 Denominator for diluted earnings per share 7,198 7,180 7,195 7,327 |
Other Comprehensive Income (Tab
Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | Changes in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax. Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2023 $ (1,337) $ (57) $ (1,029) $ 4,723 $ 2,300 Other comprehensive income (loss) before reclassifications (192) (17) (49) — (258) Amounts reclassified from accumulated OCI 127 1 10 1 22 2 (761) 3 (602) Net other comprehensive income (loss) (65) (7) (27) (761) (860) Balance as of June 30, 2024 $ (1,402) $ (64) $ (1,056) $ 3,962 $ 1,440 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2022 $ (1,800) $ (90) $ (1,998) $ 6,654 $ 2,766 Other comprehensive income (loss) before reclassifications 457 12 24 — 493 Amounts reclassified from accumulated OCI — 1 5 1 23 2 (982) 3 (954) Net other comprehensive income (loss) 457 17 47 (982) (461) Balance as of June 30, 2023 $ (1,343) $ (73) $ (1,951) $ 5,672 $ 2,305 1 (Gains) losses are included in “Other income (expense) - net” in the consolidated statements of income. 2 (Gains) losses are primarily included in “Interest expense” in the consolidated statements of income (see Note 7). 3 The amortization of prior service credits associated with postretirement benefits are included in “Other income (expense) - net” in the consolidated statements of income (see Note 6). |
Segment Information (Tables)
Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Segment Reporting [Abstract] | |
Reconciliation of Revenues to Segment Contribution | For the three months ended June 30, 2024 Revenues Operations EBITDA Depreciation Operating Communications Mobility $ 20,480 $ 11,285 $ 9,195 $ 2,476 $ 6,719 Business Wireline 4,755 3,267 1,488 1,386 102 Consumer Wireline 3,347 2,249 1,098 914 184 Total Communications 28,582 16,801 11,781 4,776 7,005 Latin America - Mexico 1,103 925 178 172 6 Segment Total 29,685 17,726 11,959 4,948 7,011 Corporate and Other Corporate: DTV-related retained costs — 116 (116) 102 (218) Parent administration support — 443 (443) 2 (445) Securitization fees 29 150 (121) — (121) Value portfolio 83 25 58 5 53 Total Corporate 112 734 (622) 109 (731) Certain significant items — 505 (505) 15 (520) Total Corporate and Other 112 1,239 (1,127) 124 (1,251) AT&T Inc. $ 29,797 $ 18,965 $ 10,832 $ 5,072 $ 5,760 For the three months ended June 30, 2023 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Communications Mobility $ 20,315 $ 11,579 $ 8,736 $ 2,123 $ 6,613 Business Wireline 5,279 3,550 1,729 1,333 396 Consumer Wireline 3,251 2,226 1,025 857 168 Total Communications 28,845 17,355 11,490 4,313 7,177 Latin America - Mexico 967 821 146 185 (39) Segment Total 29,812 18,176 11,636 4,498 7,138 Corporate and Other Corporate: DTV-related retained costs — 178 (178) 152 (330) Parent administration support (3) 332 (335) 2 (337) Securitization fees 17 154 (137) — (137) Value portfolio 91 24 67 6 61 Total Corporate 105 688 (583) 160 (743) Certain significant items — (28) 28 17 11 Total Corporate and Other 105 660 (555) 177 (732) AT&T Inc. $ 29,917 $ 18,836 $ 11,081 $ 4,675 $ 6,406 For the six months ended June 30, 2024 Revenues Operations EBITDA Depreciation Operating Communications Mobility $ 41,074 $ 22,924 $ 18,150 $ 4,963 $ 13,187 Business Wireline 9,668 6,754 2,914 2,748 166 Consumer Wireline 6,697 4,505 2,192 1,795 397 Total Communications 57,439 34,183 23,256 9,506 13,750 Latin America - Mexico 2,166 1,808 358 349 9 Segment Total 59,605 35,991 23,614 9,855 13,759 Corporate and Other Corporate: DTV-related retained costs — 250 (250) 222 (472) Parent administration support — 835 (835) 3 (838) Securitization fees 55 315 (260) — (260) Value portfolio 165 51 114 9 105 Total Corporate 220 1,451 (1,231) 234 (1,465) Certain significant items — 657 (657) 30 (687) Total Corporate and Other 220 2,108 (1,888) 264 (2,152) AT&T Inc. $ 59,825 $ 38,099 $ 21,726 $ 10,119 $ 11,607 For the six months ended June 30, 2023 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Communications Mobility $ 40,897 $ 23,792 $ 17,105 $ 4,221 $ 12,884 Business Wireline 10,610 7,173 3,437 2,663 774 Consumer Wireline 6,490 4,510 1,980 1,718 262 Total Communications 57,997 35,475 22,522 8,602 13,920 Latin America - Mexico 1,850 1,559 291 360 (69) Segment Total 59,847 37,034 22,813 8,962 13,851 Corporate and Other Corporate: DTV-related retained costs — 347 (347) 296 (643) Parent administration support (12) 706 (718) 3 (721) Securitization fees 36 275 (239) — (239) Value portfolio 185 52 133 11 122 Total Corporate 209 1,380 (1,171) 310 (1,481) Certain significant items — (72) 72 34 38 Total Corporate and Other 209 1,308 (1,099) 344 (1,443) AT&T Inc. $ 60,056 $ 38,342 $ 21,714 $ 9,306 $ 12,408 |
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 Six months ended 2024 2023 2024 2023 Communications $ 7,005 $ 7,177 $ 13,750 $ 13,920 Latin America 6 (39) 9 (69) Segment Operating Income 7,011 7,138 13,759 13,851 Reconciling Items: Corporate (731) (743) (1,465) (1,481) Transaction and other costs (35) — (67) — Amortization of intangibles acquired (15) (17) (30) (34) Asset impairments and abandonments and restructuring (480) — (639) — Benefit-related gains (losses) 10 28 49 72 AT&T Operating Income 5,760 6,406 11,607 12,408 Interest expense 1,699 1,608 3,423 3,316 Equity in net income of affiliates 348 380 643 918 Other income (expense) — net 682 987 1,133 1,922 Income Before Income Taxes $ 5,091 $ 6,165 $ 9,960 $ 11,932 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue by Category and Business Unit | The following tables set forth reported revenue by category and by business unit: For the three months ended June 30, 2024 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 16,277 $ — $ — $ 699 $ — $ 16,976 Business service — 4,571 — — — 4,571 Broadband — — 2,741 — — 2,741 Legacy voice and data — — 323 — 62 385 Other — — 283 — 50 333 Total Service 16,277 4,571 3,347 699 112 25,006 Equipment 4,203 184 — 404 — 4,791 Total $ 20,480 $ 4,755 $ 3,347 $ 1,103 $ 112 $ 29,797 For the three months ended June 30, 2023 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 15,745 $ — $ — $ 635 $ — $ 16,380 Business service — 5,114 — — — 5,114 Broadband — — 2,561 — — 2,561 Legacy voice and data — — 383 — 80 463 Other — — 307 — 25 332 Total Service 15,745 5,114 3,251 635 105 24,850 Equipment 4,570 165 — 332 — 5,067 Total $ 20,315 $ 5,279 $ 3,251 $ 967 $ 105 $ 29,917 For the six months ended June 30, 2024 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 32,271 $ — $ — $ 1,389 $ — $ 33,660 Business service — 9,271 — — — 9,271 Broadband — — 5,463 — — 5,463 Legacy voice and data — — 665 — 124 789 Other — — 569 — 96 665 Total Service 32,271 9,271 6,697 1,389 220 49,848 Equipment 8,803 397 — 777 — 9,977 Total $ 41,074 $ 9,668 $ 6,697 $ 2,166 $ 220 $ 59,825 For the six months ended June 30, 2023 Communications Mobility Business Wireline Consumer Wireline Latin America Corporate & Other Total Wireless service $ 31,228 $ — $ — $ 1,226 $ — $ 32,454 Business service — 10,314 — — — 10,314 Broadband — — 5,088 — — 5,088 Legacy voice and data — — 779 — 163 942 Other — — 623 — 46 669 Total Service 31,228 10,314 6,490 1,226 209 49,467 Equipment 9,669 296 — 624 — 10,589 Total $ 40,897 $ 10,610 $ 6,490 $ 1,850 $ 209 $ 60,056 |
Schedule of Deferred Customer Contract Acquisition and Fulfillment Costs | The following table presents the deferred customer contract acquisition and fulfillment costs included on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2024 2023 Deferred Acquisition Costs Prepaid and other current assets $ 3,176 $ 3,233 Other Assets 4,087 4,077 Total deferred customer contract acquisition costs $ 7,263 $ 7,310 Deferred Fulfillment Costs Prepaid and other current assets $ 2,213 $ 2,340 Other Assets 3,533 3,843 Total deferred customer contract fulfillment costs $ 5,746 $ 6,183 The following table presents deferred customer contract acquisition and fulfillment cost amortization, which are primarily included in “Selling, general and administrative” and “Other cost of revenues,” respectively, for the six months ended: June 30, June 30, Consolidated Statements of Income 2024 2023 Deferred acquisition cost amortization $ 1,808 $ 1,688 Deferred fulfillment cost amortization 1,294 1,353 |
Schedule of Contract Assets and Liabilities | The following table presents contract assets and liabilities on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2024 2023 Contract asset $ 6,492 $ 6,518 Current portion in “Prepaid and other current assets” 3,661 3,549 Contract liability 4,155 3,994 Current portion in “Advanced billings and customer deposits” 3,857 3,666 |
Pension And Postretirement Be_3
Pension And Postretirement Benefits (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Retirement Benefits [Abstract] | |
Schedule of Pension and Postretirement Benefit (Credits) Costs [Table Text Block] | The following table details qualified pension and postretirement benefit costs included in the accompanying consolidated statements of income. The service cost component of net periodic pension (credit) cost is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in “Other income (expense) – net.” Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Pension cost: Service cost – benefits earned during the period $ 121 $ 122 $ 243 $ 243 Interest cost on projected benefit obligation 397 516 793 1,032 Expected return on assets (552) (715) (1,105) (1,429) Amortization of prior service credit (22) (34) (44) (67) Net pension (credit) cost before remeasurement (56) (111) (113) (221) Actuarial (gain) loss — 289 — 289 Settlement (gain) loss — (363) — (363) Net pension (credit) cost $ (56) $ (185) $ (113) $ (295) Postretirement cost: Service cost – benefits earned during the period $ 6 $ 6 $ 11 $ 12 Interest cost on accumulated postretirement benefit obligation 78 85 155 170 Expected return on assets (16) (33) (30) (66) Amortization of prior service credit (482) (618) (964) (1,236) Net postretirement (credit) cost $ (414) $ (560) $ (828) $ (1,120) Combined net pension and postretirement (credit) cost $ (470) $ (745) $ (941) $ (1,415) |
Fair Value Measurements And D_2
Fair Value Measurements And Disclosure (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Long-Term Debt and Other 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: June 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Amount Value Amount Value Notes and debentures 1 $ 126,253 $ 117,290 $ 133,402 $ 128,474 Commercial paper 2,693 2,693 2,091 2,091 Investment securities 2 2,972 2,972 2,836 2,836 1 Includes credit agreement borrowings. 2 Excludes investments accounted for under the equity method. |
Fair Value Leveling | Following is the fair value leveling for investment securities that are measured at fair value and derivatives as of June 30, 2024 and December 31, 2023. Derivatives designated as hedging instruments are reflected as “Prepaid and other current assets,” “Other Assets,” “Accounts payable and accrued liabilities,” and “Other noncurrent liabilities” on our consolidated balance sheets. June 30, 2024 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,087 $ — $ — $ 1,087 International equities 285 — — 285 Fixed income equities 208 — — 208 Available-for-Sale Debt Securities — 1,169 — 1,169 Asset Derivatives Cross-currency swaps — 121 — 121 Liability Derivatives Interest rate swaps — (1) — (1) Cross-currency swaps — (3,794) — (3,794) December 31, 2023 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,002 $ — $ — $ 1,002 International equities 215 — — 215 Fixed income equities 209 — — 209 Available-for-Sale Debt Securities — 1,228 — 1,228 Asset Derivatives Cross-currency swaps — 424 — 424 Liability Derivatives Interest rate swaps — (2) — (2) Cross-currency swaps — (3,601) — (3,601) |
Components Comprising Total Gains and Losses on Equity Securities | The components comprising total gains and losses in the period on equity securities are as follows: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Total gains (losses) recognized on equity securities $ 29 $ 82 $ 126 $ 165 Gains (losses) recognized on equity securities sold (5) (3) (8) 1 Unrealized gains (losses) recognized on equity securities held at end of period $ 34 $ 85 $ 134 $ 164 |
Notional Amount of Outstanding Derivative Positions | Following are the notional amounts of our outstanding derivative positions: June 30, December 31, 2024 2023 Interest rate swaps $ 1,750 $ 1,750 Cross-currency swaps 35,351 38,006 Total $ 37,101 $ 39,756 |
Effect on Derivatives on the Consolidated Statements of Income | Following are the related hedged items affecting our financial position and performance: Effect of Derivatives on the Consolidated Statements of Income Three months ended Six months ended June 30, June 30, Fair Value Hedging Relationships 2024 2023 2024 2023 Interest rate swaps (“Interest expense”): Gain (loss) on interest rate swaps $ (1) $ (14) $ (1) $ (7) Gain (loss) on long-term debt 1 14 1 7 Cross-currency swaps: Gain (loss) on cross-currency swaps (178) 389 (424) 769 Gain (loss) on long-term debt 178 (389) 424 (769) Gain (loss) recognized in accumulated OCI (325) 222 (70) 40 Foreign exchange contracts: Gain (loss) on foreign exchange contracts — 4 — 11 Gain (loss) on long-term debt — (4) — (11) Gain (loss) recognized in accumulated OCI — (3) — (6) The following table presents information for our cash flow hedging relationships: Three months ended Six months ended June 30, June 30, Cash Flow Hedging Relationships 2024 2023 2024 2023 Cross-currency swaps: Gain (loss) recognized in accumulated OCI $ — $ 2 $ 5 $ (8) Interest rate locks: Interest income (expense) reclassified from accumulated OCI into income (14) (14) (29) (29) |
Sales Of Receivables (Tables)
Sales Of Receivables (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Receivables [Abstract] | |
Schedule of Finance Receivables | The following table sets forth a summary of cash proceeds received, net of remittances paid, from sales of receivables: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Net cash received (paid) from equipment installment receivables program 1 $ (674) $ (36) $ (553) $ (60) Net cash received (paid) from revolving receivables program (29) 1,000 247 1,000 Net cash received (paid) from other programs — (142) — (256) Total net cash impact to cash flows from operating activities 2 $ (703) $ 822 $ (306) $ 684 1 Cash from initial sales of $2,532 and $2,656 for the three months and $5,406 and $5,185 for the six months ended June 30, 2024 and 2023, respectively. 2 Net of facility fees. June 30, 2024 December 31, 2023 Equipment Equipment Installment Revolving Installment Revolving Gross receivables: $ 3,194 $ 1,260 $ 3,714 $ 924 Balance sheet classification Accounts receivable Notes receivable 1,581 — 1,695 — Trade receivables 651 1,260 548 924 Other Assets Noncurrent notes and trade receivables 962 — 1,471 — Outstanding portfolio of receivables derecognized from our consolidated balance sheets $ 12,210 $ 1,800 $ 12,027 $ 1,500 Cash proceeds received, net of remittances 1 8,947 1,800 9,361 1,500 1 Represents amounts to which financial institutions remain entitled, excluding the beneficial interests. The following table sets forth a summary of equipment installment receivables sold under this program: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Gross receivables sold 1 $ 2,557 $ 2,687 $ 5,461 $ 5,247 Net receivables sold 2 2,438 2,554 5,195 4,992 Cash proceeds received 2,532 2,656 5,406 5,185 Guarantee obligation recorded 217 242 483 448 1 Receivables net of promotion credits. 2 Receivables net of allowance and other reserves. The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated beneficial interests: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Fair value of repurchased receivables $ 724 $ 765 $ 1,442 $ 1,306 Carrying value of beneficial interests 743 769 1,464 1,311 Gain (loss) on repurchases 1 $ (19) $ (4) $ (22) $ (5) 1 These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income. |
Schedule of Receivables Sold | The following table sets forth a summary of the revolving receivables sold: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Gross receivables sold/cash proceeds received 1 $ 4,672 $ 1,000 $ 8,846 $ 1,000 Total collections under revolving agreement 4,672 — 8,546 — Net cash proceeds received $ — $ 1,000 $ 300 $ 1,000 Net receivables sold 2 $ 4,549 $ 982 $ 8,612 $ 982 1 Includes initial sales of receivables of $0 and $1,000 for the three months and $300 and $1,000 for the six months ended June 30, 2024 and 2023, respectively. 2 Receivables net of allowance and other reserves. |
Transaction With DIRECTV (Table
Transaction With DIRECTV (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | The following table sets forth our share of DIRECTV’s earnings included in “Equity in net income of affiliates” and cash distributions received from DIRECTV: Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 DIRECTV’s earnings included in Equity in net income of affiliates $ 350 $ 377 $ 674 $ 911 Distributions classified as operating activities $ 350 $ 377 $ 674 $ 911 Distributions classified as investing activities 392 200 586 974 Cash distributions received from DIRECTV $ 742 $ 577 $ 1,260 $ 1,885 |
Additional Financial Informat_2
Additional Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Cash and Cash Flows and Debt Transactions | The following table summarizes cash and cash equivalents and restricted cash balances contained on our consolidated balance sheets: June 30, December 31, 2024 2023 2023 2022 Cash and cash equivalents $ 3,093 $ 9,528 $ 6,722 $ 3,701 Restricted cash in Prepaid and other current assets 1 1 2 1 Restricted cash in Other Assets 109 93 109 91 Cash and Cash Equivalents and Restricted Cash $ 3,203 $ 9,622 $ 6,833 $ 3,793 The following table summarizes cash paid during the periods for interest and income taxes: Six months ended June 30, Cash paid (received) during the period for: 2024 2023 Interest $ 3,644 $ 3,604 Income taxes, net of refunds 299 335 The following table summarizes capital expenditures: Six months ended June 30, 2024 2023 Purchase of property and equipment $ 8,042 $ 8,515 Interest during construction - capital expenditures 1 76 90 Total Capital Expenditures $ 8,118 $ 8,605 The following table summarizes acquisitions, net of cash acquired: Six months ended June 30, 2024 2023 Business acquisitions $ — $ — Spectrum acquisitions 147 68 Interest during construction - spectrum 1 123 447 Total Acquisitions $ 270 $ 515 1 Total capitalized interest was $199 and $537 for the six months ended June 30, 2024 and 2023, respectively. |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Numerator for basic earnings per share: | ||||
Net Income Attributable to Common Stock | $ 3,546 | $ 4,437 | $ 6,941 | $ 8,613 |
Dilutive potential common shares: | ||||
Numerator for diluted earnings per share | $ 3,546 | $ 4,437 | $ 6,941 | $ 8,692 |
Denominator for basic earnings per share: | ||||
Weighted average number of common shares outstanding (in shares) | 7,196 | 7,180 | 7,194 | 7,174 |
Dilutive potential common shares: | ||||
Denominator for diluted earnings per share (in shares) | 7,198 | 7,180 | 7,195 | 7,327 |
AT&T Mobility II, LLC preferred interest conversion | ||||
Dilutive potential common shares: | ||||
Share-based payment | $ 0 | $ 0 | $ 0 | $ 72 |
Dilutive potential common shares: | ||||
Share-based payment (in shares) | 0 | 0 | 0 | 142 |
Other AT&T units | ||||
Dilutive potential common shares: | ||||
Share-based payment | $ 0 | $ 0 | $ 0 | $ 7 |
Dilutive potential common shares: | ||||
Share-based payment (in shares) | 2 | 0 | 1 | 11 |
Other Comprehensive Income (Det
Other Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Other comprehensive income (loss) before reclassifications | $ (258) | $ 493 | ||
Amounts reclassified from accumulated OCI | (602) | (954) | ||
Net other comprehensive income (loss) | (860) | (461) | ||
Accumulated Other Comprehensive Income (Loss) | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated other comprehensive income, beginning balance | 2,300 | 2,766 | ||
Net other comprehensive income (loss) | $ (727) | $ (49) | (860) | (461) |
Accumulated other comprehensive income, ending balance | 1,440 | 2,305 | 1,440 | 2,305 |
Foreign Currency Translation Adjustment | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated other comprehensive income, beginning balance | (1,337) | (1,800) | ||
Other comprehensive income (loss) before reclassifications | (192) | 457 | ||
Amounts reclassified from accumulated OCI | 127 | 0 | ||
Net other comprehensive income (loss) | (65) | 457 | ||
Accumulated other comprehensive income, ending balance | (1,402) | (1,343) | (1,402) | (1,343) |
Net Unrealized Gains (Losses) on Securities | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated other comprehensive income, beginning balance | (57) | (90) | ||
Other comprehensive income (loss) before reclassifications | (17) | 12 | ||
Amounts reclassified from accumulated OCI | 10 | 5 | ||
Net other comprehensive income (loss) | (7) | 17 | ||
Accumulated other comprehensive income, ending balance | (64) | (73) | (64) | (73) |
Net Unrealized Gains (Losses) on Derivative Instruments | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated other comprehensive income, beginning balance | (1,029) | (1,998) | ||
Other comprehensive income (loss) before reclassifications | (49) | 24 | ||
Amounts reclassified from accumulated OCI | 22 | 23 | ||
Net other comprehensive income (loss) | (27) | 47 | ||
Accumulated other comprehensive income, ending balance | (1,056) | (1,951) | (1,056) | (1,951) |
Defined Benefit Postretirement Plans | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated other comprehensive income, beginning balance | 4,723 | 6,654 | ||
Other comprehensive income (loss) before reclassifications | 0 | 0 | ||
Amounts reclassified from accumulated OCI | (761) | (982) | ||
Net other comprehensive income (loss) | (761) | (982) | ||
Accumulated other comprehensive income, ending balance | $ 3,962 | $ 5,672 | $ 3,962 | $ 5,672 |
Segment Information (Summary Of
Segment Information (Summary Of Operating Revenues And Expenses) (Narrative) (Details) | 6 Months Ended |
Jun. 30, 2024 segment | |
Segment Reporting [Abstract] | |
Number of reportable segments | 2 |
Segment Information (Summary _2
Segment Information (Summary Of Operating Revenues And Expenses) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 29,797 | $ 29,917 | $ 59,825 | $ 60,056 |
Operations and Support Expenses | 18,965 | 18,836 | 38,099 | 38,342 |
EBITDA | 10,832 | 11,081 | 21,726 | 21,714 |
Depreciation and Amortization | 5,072 | 4,675 | 10,119 | 9,306 |
Operating Income (Loss) | 5,760 | 6,406 | 11,607 | 12,408 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 29,685 | 29,812 | 59,605 | 59,847 |
Operations and Support Expenses | 17,726 | 18,176 | 35,991 | 37,034 |
EBITDA | 11,959 | 11,636 | 23,614 | 22,813 |
Depreciation and Amortization | 4,948 | 4,498 | 9,855 | 8,962 |
Operating Income (Loss) | 7,011 | 7,138 | 13,759 | 13,851 |
DTV-related retained costs | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 0 | 0 | 0 | 0 |
Operations and Support Expenses | 116 | 178 | 250 | 347 |
EBITDA | (116) | (178) | (250) | (347) |
Depreciation and Amortization | 102 | 152 | 222 | 296 |
Operating Income (Loss) | (218) | (330) | (472) | (643) |
Parent Administration Support | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 0 | (3) | 0 | (12) |
Operations and Support Expenses | 443 | 332 | 835 | 706 |
EBITDA | (443) | (335) | (835) | (718) |
Depreciation and Amortization | 2 | 2 | 3 | 3 |
Operating Income (Loss) | (445) | (337) | (838) | (721) |
Securitization Fees | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 29 | 17 | 55 | 36 |
Operations and Support Expenses | 150 | 154 | 315 | 275 |
EBITDA | (121) | (137) | (260) | (239) |
Depreciation and Amortization | 0 | 0 | 0 | 0 |
Operating Income (Loss) | (121) | (137) | (260) | (239) |
Value Portfolio | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 83 | 91 | 165 | 185 |
Operations and Support Expenses | 25 | 24 | 51 | 52 |
EBITDA | 58 | 67 | 114 | 133 |
Depreciation and Amortization | 5 | 6 | 9 | 11 |
Operating Income (Loss) | 53 | 61 | 105 | 122 |
Total Corporate | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 112 | 105 | 220 | 209 |
Operations and Support Expenses | 734 | 688 | 1,451 | 1,380 |
EBITDA | (622) | (583) | (1,231) | (1,171) |
Depreciation and Amortization | 109 | 160 | 234 | 310 |
Operating Income (Loss) | (731) | (743) | (1,465) | (1,481) |
Certain significant items | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 0 | 0 | 0 | 0 |
Operations and Support Expenses | 505 | (28) | 657 | (72) |
EBITDA | (505) | 28 | (657) | 72 |
Depreciation and Amortization | 15 | 17 | 30 | 34 |
Operating Income (Loss) | (520) | 11 | (687) | 38 |
Communications | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 28,582 | 28,845 | 57,439 | 57,997 |
Operations and Support Expenses | 16,801 | 17,355 | 34,183 | 35,475 |
EBITDA | 11,781 | 11,490 | 23,256 | 22,522 |
Depreciation and Amortization | 4,776 | 4,313 | 9,506 | 8,602 |
Operating Income (Loss) | 7,005 | 7,177 | 13,750 | 13,920 |
Communications | Mobility | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 20,480 | 20,315 | 41,074 | 40,897 |
Operations and Support Expenses | 11,285 | 11,579 | 22,924 | 23,792 |
EBITDA | 9,195 | 8,736 | 18,150 | 17,105 |
Depreciation and Amortization | 2,476 | 2,123 | 4,963 | 4,221 |
Operating Income (Loss) | 6,719 | 6,613 | 13,187 | 12,884 |
Communications | Business Wireline | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 4,755 | 5,279 | 9,668 | 10,610 |
Operations and Support Expenses | 3,267 | 3,550 | 6,754 | 7,173 |
EBITDA | 1,488 | 1,729 | 2,914 | 3,437 |
Depreciation and Amortization | 1,386 | 1,333 | 2,748 | 2,663 |
Operating Income (Loss) | 102 | 396 | 166 | 774 |
Communications | Consumer Wireline | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 3,347 | 3,251 | 6,697 | 6,490 |
Operations and Support Expenses | 2,249 | 2,226 | 4,505 | 4,510 |
EBITDA | 1,098 | 1,025 | 2,192 | 1,980 |
Depreciation and Amortization | 914 | 857 | 1,795 | 1,718 |
Operating Income (Loss) | 184 | 168 | 397 | 262 |
Latin America - Mexico | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,103 | 967 | 2,166 | 1,850 |
Operations and Support Expenses | 925 | 821 | 1,808 | 1,559 |
EBITDA | 178 | 146 | 358 | 291 |
Depreciation and Amortization | 172 | 185 | 349 | 360 |
Operating Income (Loss) | 6 | (39) | 9 | (69) |
Total Corporate and Other | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 112 | 105 | 220 | 209 |
Operations and Support Expenses | 1,239 | 660 | 2,108 | 1,308 |
EBITDA | (1,127) | (555) | (1,888) | (1,099) |
Depreciation and Amortization | 124 | 177 | 264 | 344 |
Operating Income (Loss) | $ (1,251) | $ (732) | $ (2,152) | $ (1,443) |
Segment Information (Reconcilia
Segment Information (Reconciliation Of Operating Income Loss to Consolidated Statement Of Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
AT&T Operating Income | $ 5,760 | $ 6,406 | $ 11,607 | $ 12,408 |
Asset impairments and abandonments and restructuring | (480) | 0 | (639) | 0 |
Interest expense | 1,699 | 1,608 | 3,423 | 3,316 |
Equity in net income of affiliates | 348 | 380 | 643 | 918 |
Other income (expense) — net | 682 | 987 | 1,133 | 1,922 |
Income Before Income Taxes | 5,091 | 6,165 | 9,960 | 11,932 |
Operating Segments | ||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
AT&T Operating Income | 7,011 | 7,138 | 13,759 | 13,851 |
Operating Segments | Communications | ||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
AT&T Operating Income | 7,005 | 7,177 | 13,750 | 13,920 |
Operating Segments | Latin America | ||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
AT&T Operating Income | 6 | (39) | 9 | (69) |
Corporate | ||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
AT&T Operating Income | (731) | (743) | (1,465) | (1,481) |
Reconciling Items | ||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
Transaction and other costs | (35) | 0 | (67) | 0 |
Amortization of intangibles acquired | (15) | (17) | (30) | (34) |
Asset impairments and abandonments and restructuring | (480) | 0 | (639) | 0 |
Benefit-related gains (losses) | $ 10 | $ 28 | $ 49 | $ 72 |
Revenue Recognition (Revenue Ca
Revenue Recognition (Revenue Categories) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | $ 29,797 | $ 29,917 | $ 59,825 | $ 60,056 |
Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 25,006 | 24,850 | 49,848 | 49,467 |
Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 16,976 | 16,380 | 33,660 | 32,454 |
Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,571 | 5,114 | 9,271 | 10,314 |
Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 2,741 | 2,561 | 5,463 | 5,088 |
Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 385 | 463 | 789 | 942 |
Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 333 | 332 | 665 | 669 |
Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,791 | 5,067 | 9,977 | 10,589 |
Operating Segments | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 29,685 | 29,812 | 59,605 | 59,847 |
Operating Segments | Communications | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 28,582 | 28,845 | 57,439 | 57,997 |
Operating Segments | Communications | Mobility | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 20,480 | 20,315 | 41,074 | 40,897 |
Operating Segments | Communications | Mobility | Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 16,277 | 15,745 | 32,271 | 31,228 |
Operating Segments | Communications | Mobility | Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 16,277 | 15,745 | 32,271 | 31,228 |
Operating Segments | Communications | Mobility | Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Mobility | Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Mobility | Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Mobility | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Mobility | Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,203 | 4,570 | 8,803 | 9,669 |
Operating Segments | Communications | Business Wireline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,755 | 5,279 | 9,668 | 10,610 |
Operating Segments | Communications | Business Wireline | Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,571 | 5,114 | 9,271 | 10,314 |
Operating Segments | Communications | Business Wireline | Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Business Wireline | Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 4,571 | 5,114 | 9,271 | 10,314 |
Operating Segments | Communications | Business Wireline | Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Business Wireline | Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Business Wireline | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Business Wireline | Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 184 | 165 | 397 | 296 |
Operating Segments | Communications | Consumer Wireline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 3,347 | 3,251 | 6,697 | 6,490 |
Operating Segments | Communications | Consumer Wireline | Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 3,347 | 3,251 | 6,697 | 6,490 |
Operating Segments | Communications | Consumer Wireline | Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Consumer Wireline | Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Communications | Consumer Wireline | Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 2,741 | 2,561 | 5,463 | 5,088 |
Operating Segments | Communications | Consumer Wireline | Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 323 | 383 | 665 | 779 |
Operating Segments | Communications | Consumer Wireline | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 283 | 307 | 569 | 623 |
Operating Segments | Communications | Consumer Wireline | Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Latin America | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 1,103 | 967 | 2,166 | 1,850 |
Operating Segments | Latin America | Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 699 | 635 | 1,389 | 1,226 |
Operating Segments | Latin America | Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 699 | 635 | 1,389 | 1,226 |
Operating Segments | Latin America | Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Latin America | Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Latin America | Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Latin America | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Operating Segments | Latin America | Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 404 | 332 | 777 | 624 |
Corporate | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 112 | 105 | 220 | 209 |
Corporate | Total Service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 112 | 105 | 220 | 209 |
Corporate | Wireless service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Corporate | Business service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Corporate | Broadband | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 0 | 0 | 0 | 0 |
Corporate | Legacy voice and data | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 62 | 80 | 124 | 163 |
Corporate | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | 50 | 25 | 96 | 46 |
Corporate | Equipment | ||||
Disaggregation of Revenue [Line Items] | ||||
Total operating revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue Recognition (Narrative)
Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Dec. 31, 2023 | |
Contract with Customer, Asset and Liability [Abstract] | ||
Contract liability balance - current portion | $ 3,981 | $ 3,778 |
Beginning of period contract liability recorded as customer contract revenue during period | 3,142 | |
Prepaid and other current assets | ||
Contract with Customer, Asset and Liability [Abstract] | ||
Contract asset balance - current portion | 3,661 | 3,549 |
Deferred Acquisition Costs | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | 7,263 | 7,310 |
Deferred Acquisition Costs | Prepaid and other current assets | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | 3,176 | 3,233 |
Deferred Acquisition Costs | Other Assets | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | $ 4,087 | 4,077 |
Deferred Acquisition Costs | Minimum | ||
Capitalized Contract Cost [Line Items] | ||
Amortization period for deferred customer contract acquisition and fulfillment costs | 3 years | |
Deferred Acquisition Costs | Maximum | ||
Capitalized Contract Cost [Line Items] | ||
Amortization period for deferred customer contract acquisition and fulfillment costs | 5 years | |
Deferred Fulfillment Costs | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | $ 5,746 | 6,183 |
Deferred Fulfillment Costs | Prepaid and other current assets | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | 2,213 | 2,340 |
Deferred Fulfillment Costs | Other Assets | ||
Capitalized Contract Cost [Line Items] | ||
Excluded deferred costs | $ 3,533 | $ 3,843 |
Deferred Fulfillment Costs | Minimum | ||
Capitalized Contract Cost [Line Items] | ||
Amortization period for deferred customer contract acquisition and fulfillment costs | 3 years | |
Deferred Fulfillment Costs | Maximum | ||
Capitalized Contract Cost [Line Items] | ||
Amortization period for deferred customer contract acquisition and fulfillment costs | 5 years |
Revenue Recognition (Deferred C
Revenue Recognition (Deferred Contract Acquisition and Fulfillment Costs) (Details) - USD ($) $ in Millions | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Deferred Acquisition Costs | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | $ 7,263 | $ 7,310 | |
Deferred cost amortization | 1,808 | $ 1,688 | |
Deferred Acquisition Costs | Prepaid and other current assets | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | 3,176 | 3,233 | |
Deferred Acquisition Costs | Other Assets | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | 4,087 | 4,077 | |
Deferred Fulfillment Costs | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | 5,746 | 6,183 | |
Deferred cost amortization | 1,294 | $ 1,353 | |
Deferred Fulfillment Costs | Prepaid and other current assets | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | 2,213 | 2,340 | |
Deferred Fulfillment Costs | Other Assets | |||
Capitalized Contract Cost, Net [Abstract] | |||
Total deferred costs | $ 3,533 | $ 3,843 |
Revenue Recognition (Contract A
Revenue Recognition (Contract Assets and Liabilities) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Capitalized Contract Cost [Line Items] | ||
Contract asset | $ 6,492 | $ 6,518 |
Contract liability | 4,155 | 3,994 |
Contract liability balance - current portion | 3,981 | 3,778 |
Prepaid and other current assets | ||
Capitalized Contract Cost [Line Items] | ||
Contract asset balance - current portion | 3,661 | 3,549 |
Advanced billings and customer deposits | ||
Capitalized Contract Cost [Line Items] | ||
Contract liability balance - current portion | $ 3,857 | $ 3,666 |
Revenue Recognition (Remaining
Revenue Recognition (Remaining Performance Obligations) (Details) $ in Millions | Jun. 30, 2024 USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Aggregate amount of the transaction price allocated to remaining performance obligations | $ 38,744 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Aggregate amount of the transaction price allocated to remaining performance obligations (percentage) | 72% |
Expected timing of satisfaction for remaining performance obligations, period | 18 months |
Pension And Postretirement Be_4
Pension And Postretirement Benefits (Qualified Pension and Postretirement Benefit Cost) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Net (credit) cost | $ (470) | $ (745) | $ (941) | $ (1,415) |
Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost – benefits earned during the period | 121 | 122 | 243 | 243 |
Interest Cost on projected/accumulated benefit obligations | 397 | 516 | 793 | 1,032 |
Expected return on assets | 552 | 715 | 1,105 | 1,429 |
Amortization of prior service credit | (22) | (34) | (44) | (67) |
Net pension/postretirement (credit) cost | (56) | (111) | (113) | (221) |
Actuarial (gain) loss | 0 | 289 | 0 | 289 |
Settlement (gain) loss | 0 | (363) | 0 | (363) |
Net (credit) cost | (56) | (185) | (113) | (295) |
Postretirement Benefits | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost – benefits earned during the period | 6 | 6 | 11 | 12 |
Interest Cost on projected/accumulated benefit obligations | 78 | 85 | 155 | 170 |
Expected return on assets | 16 | 33 | 30 | 66 |
Amortization of prior service credit | (482) | (618) | (964) | (1,236) |
Net (credit) cost | $ (414) | $ (560) | $ (828) | $ (1,120) |
Pension And Postretirement Be_5
Pension And Postretirement Benefits (Net Supplemental Pension Benefits Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Supplemental Retirement and Savings Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Net periodic benefit (credit) costs | $ 16 | $ 18 | $ 33 | $ 37 |
Fair Value Measurements And D_3
Fair Value Measurements And Disclosure (Long-Term Debt And Other Financial Instruments) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Carrying Amount | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes and debentures | $ 126,253 | $ 133,402 |
Commercial paper | 2,693 | 2,091 |
Investment securities | 2,972 | 2,836 |
Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes and debentures | 117,290 | 128,474 |
Commercial paper | 2,693 | 2,091 |
Investment securities | $ 2,972 | $ 2,836 |
Fair Value Measurements And D_4
Fair Value Measurements And Disclosure (Fair Value Leveling) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-Sale Debt Securities | $ 1,169 | $ 1,228 |
Interest rate swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | (1) | (2) |
Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 121 | 424 |
Liability Derivatives | (3,794) | (3,601) |
Fixed income equities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 208 | 209 |
Domestic equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 1,087 | 1,002 |
International equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 285 | 215 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-Sale Debt Securities | 0 | 0 |
Level 1 | Interest rate swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 0 | 0 |
Level 1 | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 0 | 0 |
Liability Derivatives | 0 | 0 |
Level 1 | Fixed income equities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 208 | 209 |
Level 1 | Domestic equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 1,087 | 1,002 |
Level 1 | International equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 285 | 215 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-Sale Debt Securities | 1,169 | 1,228 |
Level 2 | Interest rate swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | (1) | (2) |
Level 2 | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 121 | 424 |
Liability Derivatives | (3,794) | (3,601) |
Level 2 | Fixed income equities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 0 | 0 |
Level 2 | Domestic equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 0 | 0 |
Level 2 | International equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 0 | 0 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-Sale Debt Securities | 0 | 0 |
Level 3 | Interest rate swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 0 | 0 |
Level 3 | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 0 | 0 |
Liability Derivatives | 0 | 0 |
Level 3 | Fixed income equities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 0 | 0 |
Level 3 | Domestic equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | 0 | 0 |
Level 3 | International equities | Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | $ 0 | $ 0 |
Fair Value Measurements And D_5
Fair Value Measurements And Disclosure (Gain and Losses on Equity Securities) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | ||||
Total gains (losses) recognized on equity securities | $ 29 | $ 82 | $ 126 | $ 165 |
Gains (losses) recognized on equity securities sold | (5) | (3) | (8) | 1 |
Unrealized gains (losses) recognized on equity securities held at end of period | $ 34 | $ 85 | $ 134 | $ 164 |
Fair Value Measurements And D_6
Fair Value Measurements And Disclosure (Narrative) (Details) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
Fair Value Disclosures [Abstract] | ||
Available-for-sale debt securities | $ 1,169,000,000 | $ 1,228,000,000 |
Available-for-sale debt securities - maturities less than 1 year | 62,000,000 | |
Available-for-sale debt securities - maturities within 1 to 3 years | 192,000,000 | |
Available-for-sale debt securities - maturities within 3 to 5 years | 116,000,000 | |
Available-for-sale debt securities - maturities for 5 or more years | 799,000,000 | |
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Anticipated reclassification of holding losses during the next 12 months - cash flow hedges | 59,000,000 | |
Collateral submitted to counterparty | 680,000,000 | 670,000,000 |
Collateral received from counterparty | 0 | $ 5,000,000 |
Collateral contingently payable to the counterparty | 50,000,000 | |
Measurement Input, Entity Credit Risk | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Collateral contingently payable to the counterparty | $ 3,594,000,000 |
Fair Value Measurements And D_7
Fair Value Measurements And Disclosure (Notional Amount Of Our Outstanding Derivative Positions) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Derivative [Line Items] | ||
Notional amounts of outstanding derivative positions | $ 37,101 | $ 39,756 |
Interest rate swaps | ||
Derivative [Line Items] | ||
Notional amounts of outstanding derivative positions | 1,750 | 1,750 |
Cross-currency swaps | ||
Derivative [Line Items] | ||
Notional amounts of outstanding derivative positions | $ 35,351 | $ 38,006 |
Fair Value Measurements And D_8
Fair Value Measurements And Disclosure (Effect Of Derivatives On The Consolidated Statements Of Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Interest rate swaps | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) on interest rate swaps | $ (1) | $ (14) | $ (1) | $ (7) |
Gain (loss) on long-term debt | 1 | 14 | 1 | 7 |
Cross-currency swaps | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) on interest rate swaps | (178) | 389 | (424) | 769 |
Gain (loss) on long-term debt | 178 | (389) | 424 | (769) |
Gain (loss) recognized in accumulated OCI | (325) | 222 | (70) | 40 |
Gain (loss) recognized in accumulated OCI | 0 | 2 | 5 | (8) |
Foreign exchange contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) on interest rate swaps | 0 | 4 | 0 | 11 |
Gain (loss) on long-term debt | 0 | (4) | 0 | (11) |
Gain (loss) recognized in accumulated OCI | 0 | (3) | 0 | (6) |
Interest rate locks | Interest income (expense) | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount reclassified from accumulated OCI into income | $ (14) | $ (14) | $ (29) | $ (29) |
Sales Of Receivables (Summary o
Sales Of Receivables (Summary of Cash Proceeds Received) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Net cash received from receivables programs | $ (703) | $ 822 | $ (306) | $ 684 |
Equipment Installment | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Net cash received from receivables programs | (674) | (36) | (553) | (60) |
Cash proceeds received | 2,532 | 2,656 | 5,406 | 5,185 |
Revolving Receivables Program | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Net cash received from receivables programs | (29) | 1,000 | 247 | 1,000 |
Cash proceeds received | 4,672 | 1,000 | 8,846 | 1,000 |
Other Sales of Receivables | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Net cash received from receivables programs | $ 0 | $ (142) | $ 0 | $ (256) |
Sales Of Receivables (Summary_2
Sales Of Receivables (Summary of Receivables and Accounts) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Equipment Installment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross receivable | $ 3,194 | $ 3,714 |
Other Assets | 962 | 1,471 |
Outstanding portfolio of receivables derecognized from our consolidated balance sheets | 12,210 | 12,027 |
Cash proceeds received, net of remittances | 8,947 | 9,361 |
Equipment Installment | Notes receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable | 1,581 | 1,695 |
Equipment Installment | Trade receivables | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable | 651 | 548 |
Revolving Receivables Program | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross receivable | 1,260 | 924 |
Other Assets | 0 | 0 |
Outstanding portfolio of receivables derecognized from our consolidated balance sheets | 1,800 | 1,500 |
Cash proceeds received, net of remittances | 1,800 | 1,500 |
Revolving Receivables Program | Notes receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable | 0 | 0 |
Revolving Receivables Program | Trade receivables | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable | $ 1,260 | $ 924 |
Sales Of Receivables (Finance R
Sales Of Receivables (Finance Receivables Sold) (Details) - Equipment Installment - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross receivables sold | $ 2,557 | $ 2,687 | $ 5,461 | $ 5,247 |
Net receivables sold | 2,438 | 2,554 | 5,195 | 4,992 |
Cash proceeds received | 2,532 | 2,656 | 5,406 | 5,185 |
Guarantee obligation recorded | $ 217 | $ 242 | $ 483 | $ 448 |
Sales Of Receivables (Finance_2
Sales Of Receivables (Finance Receivables Repurchased) (Details) - Equipment Installment - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Fair value of repurchased receivables | $ 724 | $ 765 | $ 1,442 | $ 1,306 |
Carrying value of beneficial interests | 743 | 769 | 1,464 | 1,311 |
Gain on repurchases | $ (19) | $ (4) | $ (22) | $ (5) |
Sales Of Receivables (Revolving
Sales Of Receivables (Revolving Receivables Sold) (Details) - Revolving Receivables Program - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross receivables sold/cash proceeds received | $ 4,672 | $ 1,000 | $ 8,846 | $ 1,000 |
Total collections under revolving agreement | 4,672 | 0 | 8,546 | 0 |
Net cash proceeds received | 0 | 1,000 | 300 | 1,000 |
Net receivables sold | 4,549 | 982 | 8,612 | 982 |
Initial sale of receivables | $ 0 | $ 1,000 | $ 300 | $ 1,000 |
Sales Of Receivables (Equipment
Sales Of Receivables (Equipment Installment and AT&T Revolving Programs) (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | |
Asset Pledged as Collateral without Right | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Receivables, Fair Value Disclosure | $ 1,260 | ||
Equipment Installment | Guarantee Obligation | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Guarantee obligation | 299 | $ 385 | |
Equipment Installment | Accounts payable and accrued liabilities | Guarantee Obligation | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Guarantee obligation | 106 | 111 | |
Equipment Installment | Deferred Purchase Price Receivable | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Deferred purchase price receivable | 2,764 | 2,270 | |
Equipment Installment | Deferred Purchase Price Receivable | Prepaid and other current assets | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Deferred purchase price receivable | $ 1,639 | $ 1,296 | |
Revolving Receivables Program | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Revolving agreement, transfer amount (up to) | $ 1,800 |
Transactions with DIRECTV (Deta
Transactions with DIRECTV (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Related Party Transaction [Line Items] | ||||
Equity in net income of affiliates | $ 348 | $ 380 | $ 643 | $ 918 |
DIRECTV | Equity Method Investee [Member] | ||||
Related Party Transaction [Line Items] | ||||
Equity in net income of affiliates | 350 | 377 | 674 | 911 |
Proceeds from Equity Method Investment, Distribution | 742 | 577 | 1,260 | 1,885 |
Operating Activities [Member] | DIRECTV | Equity Method Investee [Member] | ||||
Related Party Transaction [Line Items] | ||||
Proceeds from Equity Method Investment, Distribution | 350 | 377 | 674 | 911 |
Investing Activities [Member] | DIRECTV | Equity Method Investee [Member] | ||||
Related Party Transaction [Line Items] | ||||
Proceeds from Equity Method Investment, Distribution | $ 392 | $ 200 | $ 586 | $ 974 |
Transactions with DIRECTV (Narr
Transactions with DIRECTV (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | |
Related Party Transaction [Line Items] | |||
Investments in and Advances to Equity Affiliates | $ 584 | $ 584 | $ 1,251 |
Accounts Receivable, Related Parties | 9,686 | 9,686 | $ 10,289 |
Commercial Arrangements and Transition Service Agreements | Equity Method Investee [Member] | |||
Related Party Transaction [Line Items] | |||
Operations And Support Expenses | 134 | 279 | |
DIRECTV | Equity Method Investee [Member] | |||
Related Party Transaction [Line Items] | |||
Investments in and Advances to Equity Affiliates | 293 | 293 | |
Accounts Receivable, Related Parties | 247 | 247 | |
Accounts Payable, Related Parties | $ 50 | $ 50 |
Supplier and Vendor Financing_2
Supplier and Vendor Financing Programs (Details) - USD ($) $ in Millions | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Supplier Financing Program | |||
Other Significant Noncash Transactions [Line Items] | |||
Supplier financing program obligations | $ 3,059 | $ 2,844 | |
Direct Supplier Financing Program | |||
Other Significant Noncash Transactions [Line Items] | |||
Supplier financing program obligations | 3,432 | 5,442 | |
Vendor Financing Program | |||
Other Significant Noncash Transactions [Line Items] | |||
Vendor financing commitments | 523 | $ 1,341 | |
Vendor financing payables | 1,827 | 2,833 | |
Vendor financing payables, current | $ 883 | $ 1,975 |
Additional Financial Informat_3
Additional Financial Information (Cash and Cash Equivalents and Restricted Cash Balances) (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | $ 3,093 | $ 6,722 | $ 9,528 | $ 3,701 |
Restricted cash in Prepaid and other current assets | 1 | 2 | 1 | 1 |
Restricted cash in Other Assets | 109 | 109 | 93 | 91 |
Cash and Cash Equivalents and Restricted Cash | $ 3,203 | $ 6,833 | $ 9,622 | $ 3,793 |
Additional Financial Informat_4
Additional Financial Information (Summary of Cash Paid for Interest and Taxes) (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash paid (received) during the period for: | ||
Interest | $ 3,644 | $ 3,604 |
Income taxes, net of refunds | 299 | 335 |
Payments to Acquire Property, Plant and Equipment | 8,118 | 8,605 |
Interest during construction | 199 | 537 |
Acquisitions | 270 | 515 |
Business acquisitions | ||
Cash paid (received) during the period for: | ||
Acquisitions | 0 | 0 |
Spectrum Licenses | ||
Cash paid (received) during the period for: | ||
Acquisitions | 147 | 68 |
Interest during construction | 123 | 447 |
Property, Plant and Equipment [Member] | ||
Cash paid (received) during the period for: | ||
Payments to Acquire Property, Plant and Equipment | 8,042 | 8,515 |
Interest during construction | $ 76 | $ 90 |