Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, customer relationships and other intangible assets

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

	December 31,
	2025		2024
	(Dollars in millions)
Goodwill, less accumulated impairment losses of $4,417 and $2,405(1)	$	3,638	6,955
Intangible assets, less accumulated amortization of $1,642 and $1,841	$	111	84

_______________________________________________________________________________

(1) As of December 31, 2025, this amount excluded goodwill classified as held for sale of $1.1 billion; see Note 2—Divestiture.

Schedule of goodwill

The following table shows the rollforward of goodwill from December 31, 2023 through December 31, 2025:

	(Dollars in millions)
As of December 31, 2023(1)	$	6,955
As of December 31, 2024(1)	6,955
Impairment	(2,012)
Reclassified as held for sale(2)	(1,305)
As of December 31, 2025(1)	$	3,638

______________________________________________________________________

(1)Goodwill as of December 31, 2025, December 31, 2024 and December 31, 2023 is net of accumulated impairment losses of $4.4 billion, $2.4 billion and $2.4 billion, respectively.

(2)Reflects initial goodwill reclassified as held for sale on May 21, 2025, related to our recently completed divestiture. See Note 2—Divestiture.

Schedule of estimated amortization expense for intangible assets

We estimate that future total amortization expense for finite-lived intangible assets will be as follows:

	(Dollars in millions)
2026	$	20
2027	17
2028	14
2029	11
2030	9
2031 and thereafter	40
Total finite-lived intangible assets future amortization expense	$	111