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Revenues and Contract Costs (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The following table presents information about receivables from contracts with customers:
At June 30,
At December 31,
(dollars in millions)20242023
Accounts Receivable(1)
$9,495 $9,760 
Device payment plan agreement receivables(2)
18,370 18,528 
(1)Balances do not include receivables related to the following: activity associated with certain vendor agreements, leasing arrangements (such as those for towers and equipment), captive reinsurance arrangements primarily related to wireless device insurance and device payment plan agreement receivables presented separately.
(2)Included in device payment plan agreement receivables presented in Note 6. Receivables derived from the sale of equipment on a device payment plan through an authorized agent are excluded.
The balances of contract assets and contract liabilities recorded in our condensed consolidated balance sheets were as follows:
At June 30,At December 31,
(dollars in millions)20242023
Assets
Prepaid expenses and other$548 $546 
Other assets287 268 
Total Contract Assets$835 $814 
Liabilities
Other current liabilities$7,163 $6,955 
Other liabilities1,881 1,947 
Total Contract Liabilities$9,044 $8,902 
Capitalized Contract Cost
The balances of deferred contract costs included in our condensed consolidated balance sheets were as follows:
At June 30,At December 31,
(dollars in millions)20242023
Assets
Prepaid expenses and other$2,811 $2,756 
Other assets2,598 2,639 
Total$5,409 $5,395