| (dollars
in millions, except per share amounts |
) |
|
| At
December 31, |
|
2004 |
|
 |
|
2003 |
|
|
 |
|
| Assets |
|
|
|
|
|
|
|
|
| Current
assets |
|
|
|
|
|
|
|
|
| Cash
and cash equivalents |
$ |
2,290 |
|
|
$ |
669 |
|
|
| Short-term
investments |
|
2,257 |
|
|
|
2,172 |
|
|
| Accounts
receivable, net of allowances of $1,670 and
$2,382 |
|
9,801 |
|
|
|
9,854 |
|
|
| Inventories |
|
1,535 |
|
|
|
1,262 |
|
|
| Assets
of discontinued operations |
|
– |
|
|
|
705 |
|
|
| Assets
held for sale |
|
950 |
|
|
|
– |
|
|
| Prepaid
expenses and other |
|
2,646 |
|
|
|
4,233 |
|
|
|
| Total
current assets |
|
19,479 |
|
|
|
18,895 |
|
|
|
| Plant,
property and equipment |
|
185,522 |
|
|
|
180,940 |
|
|
| Less
accumulated depreciation |
|
111,398 |
|
|
|
105,638 |
|
|
|
|
|
|
74,124
|
|
|
|
75,302 |
|
|
|
| Investments
in unconsolidated businesses |
|
5,855 |
|
|
|
5,789 |
|
|
| Wireless
licenses |
|
42,090 |
|
|
|
40,907 |
|
|
| Goodwill |
|
837 |
|
|
|
835 |
|
|
| Other
intangible assets, net |
|
4,521 |
|
|
|
4,702 |
|
|
| Other
assets |
|
19,052 |
|
|
|
19,538 |
|
|
|
| Total
assets |
$ |
165,958 |
|
|
$ |
165,968 |
|
|
 |
|
| Liabilities
and Shareowners’ Investment |
|
|
|
|
|
|
|
|
| Current
liabilities |
|
|
|
|
|
|
|
|
| Debt
maturing within one year |
$ |
3,593 |
|
|
$ |
5,967 |
|
|
| Accounts
payable and accrued liabilities |
|
13,177 |
|
|
|
14,652 |
|
|
| Liabilities
of discontinued operations |
|
– |
|
|
|
76 |
|
|
| Liabilities
related to assets held for sale |
|
525 |
|
|
|
– |
|
|
| Other |
|
5,834 |
|
|
|
5,885 |
|
|
|
| Total
current liabilities |
|
23,129 |
|
|
|
26,580 |
|
|
|
| Long-term
debt |
|
35,674 |
|
|
|
39,413 |
|
|
| Employee
benefit obligations |
|
17,941 |
|
|
|
16,754 |
|
|
| Deferred
income taxes |
|
22,532 |
|
|
|
21,704 |
|
|
| Other
liabilities |
|
4,069 |
|
|
|
3,703 |
|
|
|
| Minority
interest |
|
25,053 |
|
|
|
24,348 |
|
|
|
| Shareowners’
investment |
|
|
|
|
|
|
|
|
| Series
preferred stock ($.10 par value; none issued) |
|
– |
|
|
|
– |
|
|
| Common
stock ($.10 par value; 2,774,865,381 shares
and 2,772,313,619 shares issued) |
|
277 |
|
|
|
277 |
|
|
| Contributed
capital |
|
25,404 |
|
|
|
25,363 |
|
|
| Reinvested
earnings |
|
12,984 |
|
|
|
9,409 |
|
|
| Accumulated
other comprehensive loss |
|
(1,053 |
) |
|
|
(1,250 |
) |
|
| Common
stock in treasury, at cost |
|
(142 |
) |
|
|
(115 |
) |
|
| Deferred
compensation-employee stock ownership plans
and other |
|
90 |
|
|
|
(218 |
) |
|
|
| Total
shareowners’ investment |
|
37,560 |
|
|
|
33,466 |
|
|
|
| Total
liabilities and shareowners’ investment |
$ |
165,958 |
|
|
$ |
165,968 |
|
|
|
