Other Financial Information

6 Months Ended

Jun. 30, 2025

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

Other Financial Information

Note 13—Other Financial Information

Other Current Assets, net

The following table presents details of other current assets, net reflected on our consolidated balance sheets:

	June 30, 2025		December 31, 2024
	(Dollars in millions)
Prepaid expenses	$	420	372
Income tax receivable	410		483
Materials, supplies and inventory	126		146
Contract assets	16		16
Contract acquisition costs	104		102
Contract fulfillment costs	120		109
Other	15		22
Total other current assets, net(1)	$	1,211	1,250

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(1)    As of June 30, 2025, this amount excludes $15 million of other current assets associated with the disposal group reclassified as held for sale.

Current Liabilities

Included in accounts payable at June 30, 2025 and December 31, 2024 were $138 million (excluding $75 million of accounts payable associated with the disposal group reclassified as held for sale) and $248 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 three and six months ended June 30, 2024, Other income (expense), net included a gain on sale of investment of $205 million.