Other Financial Information

Other Current Assets

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



	September 30, 2013		December 31, 2012
	(Dollars in millions)
Prepaid expenses	$	277	257
Materials, supplies and inventory	172		125
Assets held for sale	—		96
Deferred activation and installation charges	69		53
Other	45		21
Total other current assets	$	563	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:



	September 30, 2013		December 31, 2012
	(Dollars in millions)
Accounts payable	$	1,158	1,207
Other current liabilities:
Accrued rent	$	46	48
Legal reserves	266		39
Unsettled repurchased common shares	18		—
Other	168		147
Total other current liabilities	$	498	234

We had approximately $132 million and $132 million in book overdrafts included in accounts payable at September 30, 2013 and December 31, 2012, respectively.