v3.26.1
Acquisitions and Divestitures (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the major classes of assets and liabilities of the Verizon Contributed Business which are currently included in our continuing operations and classified as held for sale in our condensed consolidated balance sheets as of June 30, 2026.
(dollars in millions)
As of
June 30, 2026
Assets held for sale:
  Prepaid expenses and other
    Cash and cash equivalents$250 
Accounts receivable, net
187 
Other current assets142 
$579 
 Other assets
Property, plant and equipment, net
593 
Other assets204 
  Less: Valuation allowance(746)
$51 
Liabilities held for sale:
 Other current liabilities
Accounts payable and accrued liabilities
(273)
   Other current liabilities(102)
$(375)
   Other liabilities$(255)
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the preliminary allocation of the consideration paid to the identifiable assets acquired and liabilities assumed as of the Acquisition Date.

(dollars in millions)As of
January 20, 2026
Measurement Period Adjustments(2)
Adjusted Fair Value
Purchase consideration(1):
$9,917 $(1)$9,916 
Assets acquired:
Current assets$791 $(21)$770 
Property, plant and equipment, net16,698 — 16,698 
Goodwill7,759 36 7,795 
Other intangible assets2,897 — 2,897 
Other noncurrent assets
355 (31)324 
Total assets acquired28,500 (16)28,484 
Liabilities assumed:
Current liabilities, excluding current debt
$3,154 $(22)$3,132 
Debt maturing within one year
1,694 (1)1,693 
Long-term debt, including finance lease obligations
11,589 1 11,590 
Other noncurrent liabilities
2,146 7 2,153 
Total liabilities assumed
18,583 (15)18,568 
Net assets acquired$9,917 $(1)$9,916 
(1) Purchase consideration reflects the purchase price allocated to assets and liabilities, including a non-cash component of $157 million.
(2) Adjustments to the fair value measurements reflect new information obtained about facts and circumstances that existed as of the Acquisition Date, that if known, would have affected the measurement of the amounts recognized as of that date.