Acquisitions and Divestitures (Tables)

The following table summarizes the major classes of assets and liabilities of our local exchange and related landline activities in California, Florida and Texas which are classified as held for sale on our condensed consolidated balance sheet as of March 31, 2015:


	(dollars in millions)
Assets held for sale:
Accounts receivable	$	496
Prepaid expense and other		60

Total current assets held for sale		556

Plant, property and equipment, net		8,198
Goodwill (Note 3)		1,328
Other assets		54

Total non-current assets held for sale		9,580

Total assets held for sale	$	10,136


Liabilities related to assets held for sale:
Accounts payable and accrued liabilities	$	277
Other current liabilities		295

Total current liabilities related to assets held for sale		572

Long-term debt		594
Employee benefit obligations		215
Other liabilities		134

Total non-current liabilities related to assets held for sale		943

Total liabilities related to assets held for sale	$	1,515

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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