Business Combinations (Tables)

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination

The acquisition-date fair value of consideration transferred in the UScellular Acquisition is comprised of the following:


(in millions)	August 1, 2025
Fair value of cash paid on the UScellular Acquisition Date, as adjusted	$	2,770
Fair value of T-Mobile replacement equity awards attributable to pre-combination service	44
Total fair value of consideration exchanged	$	2,814

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the assigned fair values for each class of assets acquired and liabilities assumed at the UScellular Acquisition Date, including immaterial adjustments based on information identified during the measurement period, which closed on July 31, 2026. We retained the services of certified valuation specialists to assist with assigning values to certain acquired assets and liabilities assumed.


(in millions)	August 1, 2025
Cash and cash equivalents	$	12
Accounts receivable	317
Equipment installment plan receivables	503
Inventory	129
Prepaid expenses	63
Other current assets	33
Property and equipment	1,451
Operating lease right-of-use assets (1)	1,199
Goodwill	206
Spectrum licenses	1,730
Other intangible assets	407
Equipment installment plan receivables due after one year	388
Deferred tax assets	23
Other assets	125
Total assets acquired	6,586
Accounts payable and accrued liabilities	295
Deferred revenue	275
Short-term operating lease liabilities (1)	179
Other current liabilities	114
Long-term debt (2)	1,653
Operating lease liabilities (1)	1,029
Other long-term liabilities	227
Total liabilities assumed	3,772
Total consideration transferred	$	2,814

(1)Includes $749 million, $51 million and $698 million of Operating lease right-of-use assets, Short-term operating lease liabilities and Operating lease liabilities, respectively, for towers associated with the UScellular master license agreement where we were not leasing tower space prior to the UScellular Acquisition Date.

(2)The obligation to execute the Exchange Offers was recorded as debt assumed in the UScellular Acquisition with an aggregate assigned fair value of $1.7 billion.

The following table summarizes the assigned fair values for each class of assets acquired and liabilities assumed at the Vistar Acquisition Date, including immaterial adjustments based on information identified during the measurement period, which closed on February 2, 2026.


(in millions)	February 3, 2025
Cash and cash equivalents	$	42
Accounts receivable	157


Prepaid expense and other current assets	2
Property and equipment	1
Operating lease right-of-use assets	1
Goodwill	341
Other intangible assets	264

Total assets acquired	808
Accounts payable and accrued liabilities	128
Deferred revenue	1
Deferred tax liabilities	59
Operating lease liabilities	2

Total liabilities assumed	190
Total consideration transferred	$	618

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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