Three months

Six months

Periods ended June 30 (millions)

 

2026

 

2025

 

2026

 

2025

Balance, beginning of period

$

1,182

$

1,135

$

1,161

$

1,102

Revenue deferred in previous period and recognized in current period

(725)

(636)

(649)

(631)

Net additions arising from operations

667

654

612

682

Additions arising from business acquisitions

—

23

—

23

Balance, end of period

$

1,124

$

1,176

$

1,124

$

1,176

Current

$

965

$

1,026

Non-current (Note 27)

Deferred revenues

158

147

Deferred customer activation and connection fees

1

3

$

1,124

$

1,176

Reconciliation of contract liabilities presented in the Consolidated statements of financial position – current

Gross contract liabilities

$

965

$

1,026

Reclassification to contract assets of contracts with contract liabilities less than contract assets (Note 6(c))

(108)

(119)

Reclassification from contract assets of contracts with contract assets less than contract liabilities (Note 6(c))

(13)

(17)

$

844

$

890