Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

Goodwill and Intangible assets, net on our consolidated balance sheets consisted of the following:

	September 30, 2025		December 31, 2024
	(Dollars in millions)
Goodwill, less accumulated impairment losses of $2,405 and $2,405(1)	$	5,650	6,955
Intangible assets, less accumulated amortization of $1,643 and $1,841	$	103	84

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

Rollforward of Goodwill

The following table shows the rollforward of goodwill from December 31, 2024 to September 30, 2025.

	(Dollars in millions)
As of December 31, 2024(1)	$	6,955
Reclassified as held for sale(2)	(1,305)
As of September 30, 2025(1)	$	5,650

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(1)     Goodwill at both September 30, 2025 and December 31, 2024 is net of accumulated impairment losses of $2.4 billion.

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