Three months

Six months

Periods ended June 30 (millions)

2025

2024

2025

2024

Balance, beginning of period

$

1,135

$

1,023

$

1,102

$

974

Revenue deferred in previous period and recognized in current period

(636)

(647)

(631)

(631)

Net additions arising from operations

654

674

682

691

Additions arising from business acquisitions

23

(1)

23

15

Balance, end of period

$

1,176

$

1,049

$

1,176

$

1,049

Current

$

1,026

$

942

Non-current (Note 27)

Deferred revenues

147

103

Deferred customer activation and connection fees

3

4

$

1,176

$

1,049

Reconciliation of contract liabilities presented in the Consolidated statements of financial position – current

Gross contract liabilities

$

1,026

$

942

Reclassification to contract assets of contracts with contract liabilities less than contract assets (Note 6(c))

(119)

(127)

Reclassification from contract assets of contracts with contract assets less than contract liabilities (Note 6(c))

(17)

(15)

$

890

$

800