Wireless Licenses, Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

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 March 31,		At December 31,
(dollars in millions)	2022		2021
Wireless licenses	$	148,083	$	147,619

At March 31, 2022 and 2021, approximately $53.2 billion and $53.5 billion, respectively, of wireless licenses were under development for commercial service for which we were capitalizing interest costs. We recorded approximately $452 million and $79 million of capitalized interest on wireless licenses for the three months ended March 31, 2022 and 2021, respectively. We recorded $35 million of capitalized interest on Deposits for wireless licenses during the three months ended March 31, 2021.

During the three months ended March 31, 2022, we renewed various wireless licenses in accordance with FCC regulations. The average renewal period for these licenses was 15 years.

Goodwill

Changes in the carrying amount of Goodwill are as follows:

(dollars in millions)	Consumer		Business		Other		Total
Balance at January 1, 2022	$	21,042	$	7,515	$	46	$	28,603
Acquisitions (1)	30		—		—		30
Reclassifications, adjustments and other	—		(2)		(2)		(4)
Balance at March 31, 2022	$	21,072	$	7,513	$	44	$	28,629

(1) The change in goodwill relates to the acquisition of TracFone. See Note 3 for additional information.

Other Intangible Assets

The following table displays the composition of Other intangible assets, net as well as the respective amortization period:

	At March 31, 2022						At December 31, 2021
(dollars in millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer lists (5 to 13 years)	$	4,202	$	(1,281)	$	2,921	$	4,201	$	(1,126)	$	3,075
Non-network internal-use software (5 to 7 years)	21,659		(15,258)		6,401		21,310		(14,897)		6,413
Other (4 to 25 years)	2,984		(874)		2,110		2,974		(785)		2,189
Total	$	28,845	$	(17,413)	$	11,432	$	28,485	$	(16,808)	$	11,677

The amortization expense for Other intangible assets was as follows: 

	Three Months Ended
(dollars in millions)	March 31,
2022	$	635
2021	629

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 2022	$	1,886
2023	2,329
2024	2,037
2025	1,848
2026	1,577
2027	842