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−Removed: (1) Fiber, conduit and other outside plant consists of fiber and metallic cables, conduit, poles and other supporting structures.
−Removed: Fiber, conduit and other outside plant decreased as of December 31, 2021 compared to December 31, 2020 due to the retirement of a portion of our copper-based infrastructure being replaced with our Quantum Fiber infrastructure.
+Added: (1) Fiber, conduit and other outside plant consists of fiber and metallic cable, conduit, poles and other supporting structures.
(2) Central office and other network electronics consists of circuit and packet switches, routers, transmission electronics and electronics providing service to customers.
1 unchanged sentence
(4) Construction in progress includes inventory held for construction and property of the aforementioned categories that is under construction and has not yet been placed in service.
−Removed: (5) These values exclude assets reclassified as held for sale.
+Added: (5) These values exclude assets classified as held for sale.
We own a substantial portion of our telecommunications equipment required for our business.
−Removed: However, we lease from third parties certain facilities, plant and equipment under various finance and operating lease arrangements when the leasing arrangements are more favorable to us than purchasing the assets.
−Removed: We also own and lease administrative offices in major metropolitan locations both in the United States and internationally.
+Added: However, we also lease from third parties certain facilities, plant and equipment under various finance and operating lease arrangements when the leasing arrangements are more favorable to us than owning the assets.
+Added: We also own and lease administrative offices in major metropolitan locations both in the United States and internationally, and own or lease domestic or overseas cable landing stations related to undersea and terrestrial cable systems.
Substantially all of our network electronics equipment is located in buildings or on land that we own or lease, typically within our local service area.
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It is possible that we may lose our rights under one or more of these agreements, due to their termination or expiration or in connection with legal challenges to our rights under such agreements.
−Removed: With the acquisition of Level 3 on November 1, 2017, we acquired, among other things, title or leasehold rights to various cable landing stations and data centers throughout the world related to undersea and terrestrial cable systems.
−Removed: Our net property, plant and equipment was approximately $20.9 billion and $26.3 billion at December 31, 2021 and 2020, respectively.
−Removed: Substantial portions of our property, plant and equipment is pledged to secure the long-term debt of our subsidiaries or the guarantee obligations of our subsidiary guarantors.
+Added: Our net property, plant and equipment was approximately $19.2 billion and $20.9 billion at December 31, 2022 and 2021, respectively, excluding assets held for sale.
+Added: Substantial portions of our property, plant and equipment are pledged to secure the long-term debt of our subsidiaries or the guarantee obligations of our subsidiary guarantors.
For additional information, see Note 9—Property, Plant and Equipment to our consolidated financial statements in Item 8 of Part II of this report.
+Added: We have entered into various agreements regarding our unused office and technical space to reduce our ongoing operating expenses regarding such space.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.