Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022(1)
	(Dollars in millions)
Prepaid expenses	$	395	319
Income tax receivable	273		—
Materials, supplies and inventory	209		236
Contract assets	19		20
Contract acquisition costs	107		123
Contract fulfillment costs	102		100
Other	14		5
Total other current assets	$	1,119	803

______________________________________________________________________

(1)Excludes $59 million of other current assets related to the EMEA business sold on November 1, 2023 that were classified as held for sale as of December 31, 2022.