v3.26.1
Long-lived Assets
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Long-lived Assets Long-lived Assets
Property and Equipment, Net

The details of our property and equipment and the related accumulated depreciation are set forth below:
June 30,
2026		December 31,
2025
 in millions
Distribution systems$7,528.4 $7,189.1 
Support equipment, buildings and land2,940.5 2,941.2 
CPE
1,162.7 1,070.2 
Total property and equipment, gross11,631.6 11,200.5 
Accumulated depreciation(6,209.5)(5,930.2)
Total property and equipment, net$5,422.1 $5,270.3 

During the six months ended June 30, 2026 and 2025, we recorded non-cash increases to our property and equipment related to vendor financing arrangements of $36.1 million and $32.1 million, respectively, which exclude related value-added taxes (VAT) of $6.6 million and $4.8 million, respectively, that were also financed under these arrangements.

Goodwill

Changes in the carrying amount of our goodwill during the six months ended June 30, 2026 are set forth below:
January 1, 2026Acquisitions
and related
adjustments		Foreign
currency
translation
adjustments and other		June 30,
2026
 in millions
Telenet$2,516.5 $— $(69.1)$2,447.4 
Wyre457.0 — (12.5)444.5 
VM Ireland284.4 — (7.8)276.6 
Other244.9 2.7 (0.6)247.0 
Total$3,502.8 $2.7 $(90.0)$3,415.5 

If, among other factors, the adverse impacts of economic, competitive, regulatory or other factors were to cause our results of operations or cash flows to be worse than anticipated, we could conclude in future periods that impairment charges are required in order to reduce the carrying values of our goodwill and, to a lesser extent, other long-lived assets. Any such impairment charges could be significant.
Intangible Assets Subject to Amortization, Net

The details of our intangible assets subject to amortization are set forth below:
June 30, 2026December 31, 2025
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
 in millions
Licenses (a)$1,539.5 $(458.9)$1,080.6 $1,582.8 $(438.0)$1,144.8 
Customer relationships261.6 (187.7)73.9 269.0 (186.0)83.0 
Other271.7 (159.4)112.3 278.9 (157.3)121.6 
Total$2,072.8 $(806.0)$1,266.8 $2,130.7 $(781.3)$1,349.4 
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(a)Primarily includes amounts related to (i) certain mobile spectrum licenses and (ii) a licensing agreement with the Federation Internationale l’Automobile that provides Formula E with the exclusive rights to operate an electric motor racing series.