Wireless Licenses, Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 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 June 30,		At December 31,
(dollars in millions)	2024		2023
Wireless licenses	$	156,291	$	155,667

During the six months ended June 30, 2024 and June 30, 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 June 30, 2024 and 2023, approximately $11.8 billion and $38.4 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded approximately $338 million and $905 million of capitalized interest on wireless licenses for the six months ended June 30, 2024 and 2023, respectively.

During the six months ended June 30, 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 June 30, 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 June 30, 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)	$	4,238	$	(2,382)	$	1,856	$	4,335	$	(2,193)	$	2,142
Non-network internal-use software (3 to 7 years)	26,393		(18,776)		7,617		25,524		(17,949)		7,575
Other (4 to 25 years)	2,626		(1,419)		1,207		2,656		(1,316)		1,340
Total	$	33,257	$	(22,577)	$	10,680	$	32,515	$	(21,458)	$	11,057

The amortization expense for Other intangible assets was as follows:


	Three Months Ended		Six Months Ended
(dollars in millions)	June 30,		June 30,
2024	$	706	$	1,404
2023	653		1,300

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	$	1,325
2025	2,496
2026	2,278
2027	1,714
2028	1,338
2029	675