Other Financial Information

3 Months Ended

Mar. 31, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Note 12—Other Financial Information

Other Current Assets, Net

The following table presents details of other current assets, net reflected on our consolidated balance sheets:


	March 31, 2026		December 31, 2025
	(Dollars in millions)
Prepaid expenses	$	473	404
Income tax receivable	9		468
Materials, supplies and inventory	132		165
Contract assets	17		18
Contract acquisition costs	93		98
Contract fulfillment costs	141		136
Other	28		18
Total other current assets, net(1)	$	893	1,307

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(1) As of December 31, 2025, this amount excludes $30 million of other current assets associated with the disposal group classified as held for sale.

Current Liabilities

Included in accounts payable as of March 31, 2026 and December 31, 2025 were $348 million and $463 million, respectively, associated with capital expenditures.