Consolidated Balance Sheets

(dollars in millions, except per share amounts)

At December 31,

 

2009

 

 

2008

 

Assets

Current assets

Cash and cash equivalents

$

2,009

 

$

9,782

 

Short-term investments

 

490

 

 

509

 

Accounts receivable, net of allowances of $976 and $941

 

12,573

 

 

11,703

 

Inventories

 

2,289

 

 

2,092

 

Prepaid expenses and other

 

5,247

 

 

1,989

 

Total current assets

 

22,608

 

 

26,075

 

 

Plant, property and equipment

 

228,518

 

 

215,605

 

Less accumulated depreciation

 

137,052

 

 

129,059

 

 

 

91,466

 

 

86,546

 

 

Investments in unconsolidated businesses

 

3,535

 

 

3,393

 

Wireless licenses

 

72,067

 

 

61,974

 

Goodwill

 

22,472

 

 

6,035

 

Other intangible assets, net

 

6,764

 

 

5,199

 

Other investments

 

 

 

4,781

 

Other assets

 

8,339

 

 

8,349

 

Total assets

$

227,251

 

$

202,352

 

 

Liabilities and Equity

Current liabilities

Debt maturing within one year

$

7,205

 

$

4,993

 

Accounts payable and accrued liabilities

 

15,223

 

 

13,814

 

Other

 

6,708

 

 

7,099

 

Total current liabilities

 

29,136

 

 

25,906

 

 

Long-term debt

 

55,051

 

 

46,959

 

Employee benefit obligations

 

32,622

 

 

32,512

 

Deferred income taxes

 

19,310

 

 

11,769

 

Other liabilities

 

6,765

 

 

6,301

 

 

Equity

Series preferred stock ($.10 par value; none issued)

 

 

 

 

Common stock ($.10 par value; 2,967,610,119 shares issued in both periods)

 

297

 

 

297

 

Contributed capital

 

40,108

 

 

40,291

 

Reinvested earnings

 

17,592

 

 

19,250

 

Accumulated other comprehensive loss

 

(11,479

)

 

(13,372

)

Common stock in treasury, at cost

 

(5,000

)

 

(4,839

)

Deferred compensation – employee stock ownership plans and other

 

88

 

 

79

 

Noncontrolling interest

 

42,761

 

 

37,199

 

Total equity

 

84,367

 

 

78,905

 

Total liabilities and equity

$

227,251

 

$

202,352

 

See Notes to Consolidated Financial Statements