Other Financial Information

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other Financial Information

Other Financial Information

Other Current Assets

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

	As of December 31,
	2019		2018
	(Dollars in millions)
Prepaid expenses	$	274	307
Income tax receivable	35		82
Materials, supplies and inventory	105		120
Contract assets	42		52
Contract acquisition costs	178		167
Contract fulfillment costs	115		82
Other	59		108
Total other current assets	$	808	918

Selected Current Liabilities

Current liabilities reflected in our consolidated balance sheets include accounts payable and other current liabilities as follows:

	As of December 31,
	2019		2018
	(Dollars in millions)
Accounts payable	$	1,724	1,933
Other current liabilities:
Accrued rent	$	75	45
Legal contingencies	88		30
Other	223		282
Total other current liabilities	$	386	357

Included in accounts payable at December 31, 2019 and 2018, were (i) $106 million and $86 million, respectively, representing book overdrafts and (ii) $469 million and $434 million, respectively, associated with capital expenditures.