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Wireless Licenses, Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Amount of Wireless Licenses | The carrying amounts of Wireless licenses are as follows:
| (dollars in millions)
At December 31, | 2024 |  | 2023
Wireless licenses | $ | 156,613 |  |  | $ | 155,667 |
Changes in Carrying Amount of Goodwill | Changes in the carrying amount of Goodwill are as follows:
(dollars in millions) | Consumer |  | Business |  |  |  |  |  | Other |  | Total
Balance at January 1, 2023(1) | $ | 21,142 |  |  | $ | 7,502 |  |  |  |  |  |  | $ | 27 |  |  | $ | 28,671 |
Acquisitions | 35 |  |  | — |  |  |  |  |  |  | — |  |  | 35 |
Verizon Business Group goodwill impairment | — |  |  | (5,841) |  |  |  |  |  |  | — |  |  | (5,841) |
Reclassifications, adjustments and other(2) | — |  |  | 5 |  |  |  |  |  |  | (27) |  |  | (22) |
Balance at December 31, 2023(3) | 21,177 |  |  | 1,666 |  |  |  |  |  |  | — |  |  | 22,843 |
Reclassifications, adjustments and other | — |  |  | (2) |  |  |  |  |  |  | — |  |  | (2) |
Balance at December 31, 2024(3) | $ | 21,177 |  |  | $ | 1,664 |  |  |  |  |  |  | $ | — |  |  | $ | 22,841 |
(1) Goodwill balances are net of an accumulated impairment charge of $16 million presented within both Other and Total. (2) Includes a goodwill impairment charge of $27 million related to non-strategic businesses presented within Other, recorded in Selling, general and administrative expense in our consolidated statement of income for the year ended December 31, 2023. (3) Goodwill balances are net of accumulated impairment charges of $5.8 billion, $43 million and $5.9 billion presented within Business, Other and Total, respectively.
Composition of Other Intangible Assets, Net | The following table displays the composition of Other intangible assets, net as well as the respective amortization period:
|  |  |  |  |  |  | (dollars in millions)
|  |  |  |  | 2024 |  |  |  |  |  | 2023
At December 31, | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Customer lists (5 to 13 years) | $ | 4,242 |  |  | $ | (2,629) |  |  | $ | 1,613 |  |  | $ | 4,335 |  |  | $ | (2,193) |  |  | $ | 2,142 |
Non-network internal-use software (3 to 7 years) | 28,136 |  |  | (19,743) |  |  | 8,393 |  |  | 25,524 |  |  | (17,949) |  |  | 7,575 |
Other (4 to 25 years) | 2,664 |  |  | (1,541) |  |  | 1,123 |  |  | 2,656 |  |  | (1,316) |  |  | 1,340 |
Total | $ | 35,042 |  |  | $ | (23,913) |  |  | $ | 11,129 |  |  | $ | 32,515 |  |  | $ | (21,458) |  |  | $ | 11,057 |
Amortization Expense for Other Intangible Assets | The amortization expense for Other intangible assets was as follows:
Years | (dollars in millions)
2024 | $ | 2,781 |
2023 | 2,687 |
2022 | 2,507 |
Estimated Future Amortization Expense for Other Intangible Assets | Estimated annual amortization expense for Other intangible assets is as follows:
Years | (dollars in millions)
2025 | $ | 2,825 |
2026 | 2,571 |
2027 | 2,025 |
2028 | 1,549 |
2029 | 887 |

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