Wireless Licenses, Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Wireless Licenses, Goodwill, and Other Intangible Assets


Note 4. Wireless Licenses, Goodwill, and Other Intangible Assets

Wireless Licenses

The carrying amounts of our Wireless licenses are as follows:


	At March 31,		At December 31,
(dollars in millions)	2024		2023
Wireless licenses	$	156,111	$	155,667

During the three months ended March 31, 2024 and March 31, 2023, we made payments of $269 million and $114 million, respectively, for obligations related to clearing costs and accelerated clearing incentives for wireless licenses in connection with Auction 107. See Note 3 for additional information.

At March 31, 2024 and 2023, approximately $13.9 billion and $38.9 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded approximately $180 million and $449 million of capitalized interest on wireless licenses for the three months ended March 31, 2024 and 2023, respectively.

During the three months ended March 31, 2024, we renewed various wireless licenses in accordance with FCC regulations. The average renewal period for these licenses was 10 years.

Goodwill

Changes in the carrying amount of Goodwill are as follows:


(dollars in millions)	Consumer		Business		Total
Balance at January 1, 2024(1)	$	21,177	$	1,666	$	22,843

Reclassifications, adjustments and other	—		(1)		(1)
Balance at March 31, 2024	$	21,177	$	1,665	$	22,842

(1) Goodwill is net of accumulated impairment charges of $5.8 billion related to our Business reporting unit.

Other Intangible Assets

The following table displays the composition of Other intangible assets, net as well as the respective amortization periods:


	At March 31, 2024						At December 31, 2023
(dollars in millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer lists (5 to 13 years)	$	4,335	$	(2,387)	$	1,948	$	4,335	$	(2,193)	$	2,142
Non-network internal-use software (7 years)	25,950		(18,387)		7,563		25,524		(17,949)		7,575
Other (4 to 25 years)	2,656		(1,332)		1,324		2,656		(1,316)		1,340
Total	$	32,941	$	(22,106)	$	10,835	$	32,515	$	(21,458)	$	11,057

The amortization expense for Other intangible assets was as follows:


	Three Months Ended
(dollars in millions)	March 31,
2024	$	698
2023	647

The estimated future amortization expense for Other intangible assets for the remainder of the current year and next 5 years is as follows:


Years	(dollars in millions)
Remainder of 2024	$	1,997
2025	2,430
2026	2,187
2027	1,628
2028	1,220
2029	595