Other Financial Information

6 Months Ended

Jun. 30, 2013

Other Financial Information

Other Financial Information

(10) Other Financial Information

Other Current Assets

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

	June 30, 2013		December 31, 2012
	(Dollars in millions)
Prepaid expenses	$	299		257
Materials, supplies and inventory		162		125
Assets held for sale		—		96
Deferred activation and installation charges		62		53
Other		47		21
Total other current assets	$	570		552

        In January 2013, we sold $43 million of our wireless spectrum assets held for sale. The sale resulted in a gain of $32 million, which is recorded as other income on our consolidated statements of operations. During the quarter ended June 30, 2013, we reclassified our remaining $53 million of wireless spectrum assets from held for sale to other intangible assets on our consolidated balance sheet. Although we continue to pursue selling our remaining spectrum assets, we no longer expect to reach agreements with purchasers within the coming twelve months.

Selected Current Liabilities

        Current liabilities reflected in our consolidated balance sheets include accounts payable and other current liabilities as follows:

	June 30, 2013		December 31, 2012
	(Dollars in millions)
Accounts payable	$	1,285		1,207
Other current liabilities:
Accrued rent	$	46		48
Legal reserves		32		39
Unsettled repurchased common shares		18		—
Other		163		147
Total other current liabilities	$	259		234

        Included in accounts payable at June 30, 2013 and December 31, 2012 were $237 million and $132 million, respectively, representing book overdrafts.