| (dollars
in millions, except per share amounts |
) |
|
| At December
31, |
|
2005 |
|
 |
|
2004 |
|
|
 |
|
| Assets |
|
|
|
|
|
|
|
|
| Current
assets |
|
|
|
|
|
|
|
|
| Cash
and cash equivalents |
$ |
776 |
|
|
$ |
2,290 |
|
|
| Short-term
investments |
|
2,498 |
|
|
|
2,257 |
|
|
| Accounts
receivable, net of allowances of $1,670 and $2,382 |
|
9,171 |
|
|
|
9,801 |
|
|
| Inventories |
|
1,780 |
|
|
|
1,535 |
|
|
| Assets
held for sale |
|
– |
|
|
|
950 |
|
|
| Prepaid
expenses and other |
|
2,223 |
|
|
|
2,646 |
|
|
|
| Total
current assets |
|
16,448 |
|
|
|
19,479 |
|
|
|
| Plant,
property and equipment |
|
193,610 |
|
|
|
185,522 |
|
|
| Less
accumulated depreciation |
|
118,305 |
|
|
|
111,398 |
|
|
|
| |
|
75,305 |
|
|
|
74,124 |
|
|
|
| Investments
in unconsolidated businesses |
|
4,604 |
|
|
|
5,855 |
|
|
| Wireless
licenses |
|
47,804 |
|
|
|
42,090 |
|
|
| Goodwill |
|
836 |
|
|
|
837 |
|
|
| Other
intangible assets, net |
|
4,293 |
|
|
|
4,521 |
|
|
| Other
assets |
|
18,840 |
|
|
|
19,052 |
|
|
|
| Total
assets |
$ |
168,130 |
|
|
$ |
165,958 |
|
|
 |
|
| Liabilities
and Shareowners’ Investment |
|
|
|
|
|
|
|
|
| Current
liabilities |
|
|
|
|
|
|
|
|
| Debt
maturing within one year |
$ |
7,141 |
|
|
$ |
3,593 |
|
|
| Accounts
payable and accrued liabilities |
|
12,351 |
|
|
|
13,177 |
|
|
| Liabilities
related to assets held for sale |
|
– |
|
|
|
525 |
|
|
| Other |
|
5,571 |
|
|
|
5,834 |
|
|
|
| Total
current liabilities |
|
25,063 |
|
|
|
23,129 |
|
|
|
| Long-term
debt |
|
31,869 |
|
|
|
35,674 |
|
|
| Employee
benefit obligations |
|
18,819 |
|
|
|
17,941 |
|
|
| Deferred
income taxes |
|
22,411 |
|
|
|
22,532 |
|
|
| Other
liabilities |
|
3,534 |
|
|
|
4,069 |
|
|
|
| Minority
interest |
|
26,754 |
|
|
|
25,053 |
|
|
|
| Shareowners’
investment |
|
|
|
|
|
|
|
|
| Series
preferred stock ($.10 par value; none issued) |
|
– |
|
|
|
– |
|
|
| Common
stock ($.10 par value; 2,774,865,381 shares and
2,774,865,831 shares issued) |
|
277 |
|
|
|
277 |
|
|
| Contributed
capital |
|
25,369 |
|
|
|
25,404 |
|
|
| Reinvested
earnings |
|
15,905 |
|
|
|
12,984 |
|
|
| Accumulated
other comprehensive loss |
|
(1,783 |
) |
|
|
(1,053 |
) |
|
| Common
stock in treasury, at cost |
|
(353 |
) |
|
|
(142 |
) |
|
| Deferred
compensation-employee stock ownership plans and
other |
|
265 |
|
|
|
90 |
|
|
|
| Total
shareowners’ investment |
|
39,680 |
|
|
|
37,560 |
|
|
|
| Total
liabilities and shareowners’ investment |
$ |
168,130 |
|
|
$ |
165,958 |
|
|
|
|
|
