Revenues and Contract Costs (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

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

	At June 30,		At December 31,
(dollars in millions)	2025		2024
Accounts Receivable(1)	$	9,429	$	9,225
Device payment plan agreement receivables(2)	19,968		19,766

(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 6. Receivables derived from the sale of equipment on a device payment plan through an authorized agent are excluded.

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

	At June 30,		At December 31,
(dollars in millions)	2025		2024
Assets
Prepaid expenses and other	$	537	$	621
Other assets	247		321
Total Contract Assets	$	784	$	942
Liabilities
Other current liabilities	$	7,534	$	7,492
Other liabilities	2,248		2,186
Total Contract Liabilities	$	9,782	$	9,678

Capitalized Contract Cost

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

	At June 30,		At December 31,
(dollars in millions)	2025		2024
Assets
Prepaid expenses and other	$	3,051	$	2,932
Other assets	2,817		2,808
Total	$	5,868	$	5,740