Telecom & Media: Credit losses (CECL, ASC 326)

(in millions, except share and per share amounts)	December 31, 2025	December 31, 2024
Assets
Current assets
Cash and cash equivalents	5,598	5,409
Accounts receivable, net of allowance for credit losses of $ 226 and $ 176	4,874	4,276
Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $ 733 and $ 656	4,997	4,379
Inventory	2,405	1,607
Prepaid expenses	1,215	880
Other current assets	5,372	1,853
Total current assets	24,461	18,404
Property and equipment, net	38,333	38,533
Operating lease right-of-use assets	25,692	25,398
Financing lease right-of-use assets	2,760	3,091
Goodwill	13,678	13,005
Spectrum licenses	98,032	100,558
Other intangible assets, net	3,843	2,512
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $ 213 and $ 158	2,683	2,209
Other assets	9,755	4,325
Total assets	219,237	208,035
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	10,280	8,463
Short-term debt	5,135	4,068
Deferred revenue	1,533	1,222
Short-term operating lease liabilities	3,814	3,281

The accompanying notes are an integral part of these consolidated financial statements.

Index for Notes to the Consolidated Financial Statements

T-Mobile US, Inc.

Consolidated Statements of Comprehensive Income