Other Financial Information

6 Months Ended

Jun. 30, 2015

Additional Financial Information Disclosure [Abstract]

Other Financial Information

Other Current Assets

The following table presents details of other current assets in our consolidated balance sheets:



	As of June 30, 2015		As of December 31, 2014
	(Dollars in millions)
Prepaid expenses	$	286	260
Materials, supplies and inventory	124		132
Assets held for sale	10		14
Deferred activation and installation charges	105		103
Other	74		71
Total other current assets	$	599	580

During the first quarter of 2015, we recorded impairment charges of $8 million in connection with pending negotiations involving several office buildings which we expect to sell within the next twelve months.

Selected Current Liabilities

The following table presents current liabilities reflected in our consolidated balance sheets, which include accounts payable and other current liabilities:



	As of June 30, 2015		As of December 31, 2014
	(Dollars in millions)
Accounts payable	$	1,049	1,226
Other current liabilities:
Accrued rent	$	31	34
Legal contingencies	24		27
Other	170		149
Total other current liabilities	$	225	210

Included in accounts payable at June 30, 2015 and December 31, 2014, were $65 million and $80 million, respectively, representing book overdrafts and $120 million and $185 million, respectively, associated with capital expenditures.