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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 1,580 $ 2,234
Accounts receivable, less allowance of $67 and $67 1,322 1,318
Other 1,033 1,223
Total current assets 3,935 4,775
Property, plant and equipment, net of accumulated depreciation of $21,725 and $21,318 19,908 19,758
GOODWILL AND OTHER ASSETS    
Goodwill 1,964 1,964
Other intangible assets, net 5,290 5,470
Other, net 2,076 2,051
Total goodwill and other assets 9,330 9,485
TOTAL ASSETS 33,173 34,018
CURRENT LIABILITIES    
Current maturities of long-term debt 86 157
Accounts payable 1,162 1,134
Accrued expenses and other liabilities    
Salaries and benefits 578 696
Income and other taxes 761 251
Current operating lease liabilities 282 268
Interest 110 168
Other 172 213
Current portion of deferred revenue 665 647
Total current liabilities 3,816 3,534
LONG-TERM DEBT 18,591 19,831
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 3,143 3,127
Benefit plan obligations, net 2,457 2,490
Deferred revenue 2,021 1,969
Other 2,641 2,650
Total deferred credits and other liabilities 10,262 10,236
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY    
Preferred stock—non-redeemable, $25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares 0 0
Common stock, $1.00 par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,015,967 and 1,008,486 shares 1,016 1,008
Additional paid-in capital 18,137 18,126
Accumulated other comprehensive loss (799) (810)
Accumulated deficit (17,850) (17,907)
Total stockholders' equity 504 417
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,173 $ 34,018