Other Financial Information (Tables)

9 Months Ended

Sep. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Components of Other Current Assets

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

	September 30, 2022		December 31, 2021
	(Dollars in millions)
Prepaid expenses	$	371	295
Income tax receivable	60		22
Materials, supplies and inventory	179		96
Contract assets	35		45
Contract acquisition costs	131		142
Contract fulfillment costs	104		106
Note receivable	—		56
Receivable for sale of land	—		56
Other	14		11
Total other current assets(1)(2)	$	894	829

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(1)Excludes $52 million of other current assets related to the ILEC business that were classified as held for sale as of September 30, 2022.

(2)Excludes $126 million of other current assets related to the Latin American business sold on August 1, 2022 and the ILEC business sold on October 3, 2022 that were classified as held for sale as of December 31, 2021.