v3.26.1
Revenue and Contract Costs (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The following table presents information about receivables from contracts with customers:
At March 31,
At December 31,
(dollars in millions)20262025
Accounts Receivable(1)
$9,329 $9,646 
Device payment plan agreement receivables(2)
21,386 21,726 
(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 March 31,At December 31,
(dollars in millions)20262025
Assets
Prepaid expenses and other$450 $518 
Other assets270 259 
Total Contract Assets$720 $777 
Liabilities
Other current liabilities$7,824 $7,576 
Other liabilities2,606 2,433 
Total Contract Liabilities$10,430 $10,009 
Capitalized Contract Cost
The balances of deferred contract costs included in our condensed consolidated balance sheets were as follows:
At March 31,At December 31,
(dollars in millions)20262025
Assets
Prepaid expenses and other$3,400 $3,315 
Other assets2,842 2,848 
Total$6,242 $6,163