v3.26.3
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 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 September 30, 2026.
(dollars in millions)
Assets held for sale:
  Prepaid expenses and other
    Cash and cash equivalents$250 
Accounts receivable, net
204 
Other current assets126 
$580 
 Other assets
Property, plant and equipment, net
587 
Other assets198 
  Less: Valuation allowance(740)
$45 
Liabilities held for sale:
 Other current liabilities
Accounts payable and accrued liabilities
(284)
   Other current liabilities(111)
$(395)
   Other liabilities$(230)
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 $14 $9,931 
Assets acquired:
Current assets$791 $(64)$727 
Property, plant and equipment, net16,698 (215)16,483 
Goodwill7,759 101 7,860 
Other intangible assets2,897 216 3,113 
Other noncurrent assets
355 (30)325 
Total assets acquired28,500 8 28,508 
Liabilities assumed:
Current liabilities, excluding current debt
$3,154 $(20)$3,134 
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 14 2,160 
Total liabilities assumed
18,583 (6)18,577 
Net assets acquired$9,917 $14 $9,931 
(1) Purchase consideration reflects the purchase price allocated to assets and liabilities, including a non-cash component of $172 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.