v3.25.4
Revenue and Contract Costs (Tables)
 12 Months Ended
Dec. 31, 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 December 31,At December 31,
(dollars in millions)20252024
Accounts Receivable(1)
$9,646 $9,225 
Device payment plan agreement receivables(2)
21,726 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 8. 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 consolidated balance sheets were as follows:

At December 31,At December 31,
(dollars in millions)20252024
Assets
Prepaid expenses and other$518 $621 
Other assets259 321 
Total Contract Assets
$777 $942 
Liabilities
Other current liabilities$7,576 $7,492 
Other liabilities2,433 2,186 
Total Contract Liabilities
$10,009 $9,678 
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)20252024
Assets
Prepaid expenses and other$3,315 $2,932 
Other assets2,848 2,808 
Total$6,163 $5,740