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Acquisition of Level 3 (Tables)
 12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Acquisition of Level 3
The following is our assignment of the aggregate consideration:
 
Adjusted November 1, 2017
Balance as of
December 31, 2017
 
Purchase Price Adjustments
 
Adjusted November 1, 2017
Balance as of
October 31, 2018
 
(Dollars in millions)
Cash, accounts receivable and other current assets (1)
$
3,317

 
(26
)
 
3,291

Property, plant and equipment
9,311

 
157

 
9,468

Identifiable intangible assets (2)
 
 


 
 
Customer relationships
8,964

 
(533
)
 
8,431

Other
391

 
(13
)
 
378

Other noncurrent assets
782

 
216

 
998

Current liabilities, excluding current maturities of long-term debt
(1,461
)
 
(32
)
 
(1,493
)
Current maturities of long-term debt
(7
)
 
—

 
(7
)
Long-term debt
(10,888
)
 
—

 
(10,888
)
Deferred revenue and other liabilities
(1,629
)
 
(114
)
 
(1,743
)
Goodwill
10,837

 
340

 
11,177

Total estimated aggregate consideration
$
19,617

 
(5
)
 
19,612

____________________________________________________________________________________________________________                
(1)
Includes accounts receivable, which had a gross contractual value of $884 million on November 1, 2017 and October 31, 2018.
(2)
The weighted-average amortization period for the acquired intangible assets is approximately 12.0 years.
Summary of Acquisition Related Expenses
The table below summarizes our acquisition-related expenses, which consist of integration-related expenses, including severance and retention compensation expenses, and transaction-related expenses:
 
Years Ended December 31,
 
2018
 
2017
 
(Dollars in millions)
Transaction-related expenses
$
2

 
174

Integration-related expenses
391

 
97

Total acquisition-related expenses
$
393

 
271