Consolidated Balance Sheets – As Adjusted

(dollars in millions, except per share amounts)

At December 31,

 

2010

 

 

2009

 

Assets

Current assets

Cash and cash equivalents

$

6,668

 

$

2,009

 

Short-term investments

 

545

 

 

490

 

Accounts receivable, net of allowances of $876 and $976

 

11,781

 

 

12,573

 

Inventories

 

1,131

 

 

1,426

 

Prepaid expenses and other

 

2,223

 

 

5,247

 

Total current assets

 

22,348

 

 

21,745

 

 

 

 

 

 

 

 

Plant, property and equipment

 

211,655

 

 

229,743

 

Less accumulated depreciation

 

123,944

 

 

137,758

 

 

 

87,711

 

 

91,985

 

 

Investments in unconsolidated businesses

 

3,497

 

 

3,118

 

Wireless licenses

 

72,996

 

 

72,067

 

Goodwill

 

21,988

 

 

22,472

 

Other intangible assets, net

 

5,830

 

 

6,764

 

Other assets

 

5,635

 

 

8,756

 

Total assets

$

220,005

 

$

226,907

 

 

Liabilities and Equity

Current liabilities

Debt maturing within one year

$

7,542

 

$

7,205

 

Accounts payable and accrued liabilities

 

15,702

 

 

15,223

 

Other

 

7,353

 

 

6,708

 

Total current liabilities

 

30,597

 

 

29,136

 

 

 

 

 

 

 

 

Long-term debt

 

45,252

 

 

55,051

 

Employee benefit obligations

 

28,164

 

 

32,622

 

Deferred income taxes

 

22,818

 

 

19,190

 

Other liabilities

 

6,262

 

 

6,765

 

 

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

 

37,922

 

 

40,108

 

Reinvested earnings

 

4,368

 

 

7,260

 

Accumulated other comprehensive income (loss)

 

1,049

 

 

(1,372

)

Common stock in treasury, at cost

 

(5,267

)

 

(5,000

)

Deferred compensation - employee stock ownership plans and other

 

200

 

 

89

 

Noncontrolling interest

 

48,343

 

 

42,761

 

Total equity

 

86,912

 

 

84,143

 

Total liabilities and equity

$

220,005

 

$

226,907

 

See Notes to Consolidated Financial Statements