Revenue and Contract Costs (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The following table presents information about receivables from contracts with customers:

	At December 31,		At December 31,
(dollars in millions)	2024		2023
Accounts Receivable(1)	$	9,225	$	9,760
Device payment plan agreement receivables(2)	19,766		18,528

(1) Balances do not include receivables related to the following: activity associated with certain vendor agreements, leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and device payment plan agreement receivables presented separately.

(2) Included in device payment plan agreement receivables presented in Note 8. Receivables derived from the sale of equipment on a device payment plan through an authorized agent are excluded.

The balance of contract assets and contract liabilities recorded in our consolidated balance sheets were as follows:

	At December 31,		At December 31,
(dollars in millions)	2024		2023
Assets
Prepaid expenses and other	$	621	$	546
Other assets	321		268
Total Contract Assets	$	942	$	814
Liabilities
Other current liabilities	$	7,492	$	6,955
Other liabilities	2,186		1,947
Total Contract Liabilities	$	9,678	$	8,902

Capitalized Contract Cost

The balances of deferred contract costs included in our consolidated balance sheets were as follows:

	At December 31,		At December 31,
(dollars in millions)	2024		2023
Assets
Prepaid expenses and other	$	2,932	$	2,756
Other assets	2,808		2,639
Total	$	5,740	$	5,395