Other Financial Information

9 Months Ended

Sep. 30, 2012

Other Financial Information

Other Financial Information

(11) Other Financial Information

        Other current assets reflected on our balance sheets consisted of the following:

	Other Current Assets
	September 30, 2012		December 31, 2011
	(Dollars in millions)
Prepaid expenses	$	278		240
Materials and supplies		97		105
Assets held for sale (See Note 1)		154		—
Deferred activation and installation charges		46		25
Other		74		23
Total other current assets	$	649		393

        During the second quarter of 2012, we reclassified $154 million related to our wireless spectrum assets from "Other intangible assets, net" to "current assets-other". See Note 1—Basis of Presentation.

        Current liabilities reflected on our balance sheets included accounts payable as follows:

	Current Liabilities
	September 30, 2012		December 31, 2011
	(Dollars in millions)
Accounts payable	$	1,320		1,400

        Included in accounts payable at September 30, 2012 and December 31, 2011 were $248 million and $61 million, respectively, representing outstanding checks and Automated Clearing House ("ACH") payments in excess of the bank balance ("book overdraft").