Other Financial Information

12 Months Ended

Dec. 31, 2024

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

Other Financial Information

Note 19—Other Financial Information

Other Current Assets

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

	As of December 31,
	2024		2023
	(Dollars in millions)
Prepaid expenses	$	372	395
Income tax receivable	483		273
Materials, supplies and inventory	146		209
Contract assets	16		19
Contract acquisition costs	102		107
Contract fulfillment costs	109		102
Assets held for sale	24		104
Other	22		14
Total other current assets	$	1,274	1,223

Current Liabilities

Included in accounts payable at December 31, 2024 and 2023 were $248 million and $274 million, respectively, associated with capital expenditures.

Other Income (Expense), Net

Other income (expense), net reflects certain items not directly related to our core operations, including gains and losses from non-operating asset dispositions. For the year ended December 31, 2024, Other income (expense), net included a gain on sale of investment of $205 million.