Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of components of other current assets

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

	As of December 31,
	2022		2021
	(Dollars in millions)
Prepaid expenses	$	319	295
Income tax receivable	—		22
Materials, supplies and inventory	236		96
Contract assets	20		45
Contract acquisition costs	123		142
Contract fulfillment costs	100		106
Note receivable	—		56
Receivable for sale of land	—		56
Other	5		11
Total other current assets(1)	$	803	829

______________________________________________________________________

(1)Excludes $59 million of other current assets related to the EMEA business that were classified as held for sale as of December 31, 2022. Excludes $126 million of other current assets related to the Latin American and ILEC businesses sold on August 1, 2022 and October 3, 2022, respectively, that were classified as held for sale as of December 31, 2021.