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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,107 $ 1,829
Accounts receivable, less allowances of $148 and $130, respectively 519 553
Contract acquisition costs 93 97
Prepaid expenses 85 90
Income taxes and other current assets 43 85
Total current assets 2,847 2,654
Property, plant and equipment, net 12,987 12,931
Other intangibles, net 598 677
Other assets 528 533
Total assets 16,960 16,795
Current liabilities:    
Long-term debt due within one year 5,782 5,781
Accounts payable 507 540
Advanced billings 210 202
Accrued other taxes 202 204
Accrued interest 96 47
Pension and other postretirement benefits 48 48
Other current liabilities 306 318
Total current liabilities 7,151 7,140
Deferred income taxes 430 343
Pension and other postretirement benefits 2,194 2,195
Other liabilities 445 452
Total liabilities not subject to compromise 10,220 10,130
Liabilities subject to compromise 11,570 11,565
Total liabilities 21,790 21,695
Equity (Deficit):    
Common stock, $0.25 par value (175,000 authorized shares, 106,025 issued, and 104,671 and 104,793 outstanding, at March 31, 2021 and December 31, 2020, respectively) 27 27
Additional paid-in capital 4,817 4,817
Accumulated deficit (8,915) (8,975)
Accumulated other comprehensive loss, net of tax (744) (755)
Treasury common stock (15) (14)
Total equity (deficit) (4,830) (4,900)
Total liabilities and equity (deficit) $ 16,960 $ 16,795