Goodwill, Customer Relationships and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	June 30, 2025		December 31, 2024
	(Dollars in millions)
Goodwill(1)	$	—	1,964
Indefinite-lived intangible assets	$	—	9
Other intangible assets subject to amortization:
Customer relationships, less accumulated amortization of $4,648 and $4,504(2)	2,899		3,196
Capitalized software, less accumulated amortization of $3,789 and $4,067(2)	1,560		1,529
Patents and other, less accumulated amortization of $93 and $86	66		72
Total other intangible assets, net	$	4,525	4,806

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(1)     As of June 30, 2025, this amount excluded goodwill classified as held for sale of approximately $1.3 billion. See Note 2—Planned Divestiture of the Mass Markets Fiber-to-the-Home Business.

(2)    Certain customer relationships with a gross carrying value of $161 million and capitalized software with a gross carrying value of $211 million became fully amortized during 2024 and were retired during the first quarter of 2025.

Schedule of Goodwill Rollforward

The following table shows the rollforward of goodwill assigned to our reportable segments from December 31, 2024 to June 30, 2025.

	Business		Mass Markets	Total
	(Dollars in Millions)
As of December 31, 2024(1)	$	—	1,964	1,964
Impairment	—		(628)	(628)
Reclassified as held for sale(2)	—		(1,336)	(1,336)
As of June 30, 2025(1)	$	—	—	—

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(1)     Goodwill at June 30, 2025 and December 31, 2024 is net of accumulated impairment losses of $22.3 billion and $21.7 billion, respectively.

(2)    Reflects the $1.3 billion of goodwill, net of accumulated impairment loss, reclassified as held for sale related to our pending divestiture. See Note 2—Planned Divestiture of the Mass Markets Fiber-to-the-Home Business