1 unchanged sentence
Our gross property, plant and equipment consisted of the following components as of the dates below:
−Removed: As of December 31,
Fiber, conduit and other outside plant (1)
7 unchanged sentences
(3) Support assets consist of buildings, data centers, computers and other administrative and support equipment.
−Removed: (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: We own a substantial portion of our telecommunications equipment required for our business.
−Removed: However, we also lease from third parties certain facilities, network capacity and equipment under various lease or other arrangements.
−Removed: We also own or lease administrative offices in major metropolitan locations both in the United States and internationally.
−Removed: 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.
−Removed: Outside of our local service area, our assets are generally located on real property pursuant to an agreement with the property owner or another person with rights to the property.
−Removed: 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: Our net property, plant and equipment was approximately $20.4 billion and $19.8 billion at December 31, 2024 and 2023, respectively, excluding assets held for sale.
+Added: (4) Construction in progress includes inventory held for construction and property of the aforementioned categories that has not been placed in service as it is still under construction.
+Added: (5) These values exclude assets classified as held for sale as of December 31, 2025.
+Added: We own a substantial portion of our telecommunications equipment essential to our operations, but, we also lease certain facilities, network capacity, and equipment from third parties under various agreements.
+Added: We also own or lease administrative offices in major U.S.
+Added: and international metropolitan areas.
+Added: Substantially all of our network electronics equipment is housed in buildings or on land we own or lease within our local service area.
+Added: Outside our local service area, our assets are generally located on real property under agreements with the property owner or another person with rights to the property.
+Added: These agreements may expire, terminate, or be legally challenged, which could result in the loss of our rights.
+Added: The carrying amount of our net property, plant and equipment was approximately $19.6 billion and $20.4 billion as of December 31, 2025 and 2024, respectively, excluding assets held for sale.
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.
−Removed: 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: For additional information, see Note 9 — Property, Plant and Equipment in Item 8.
We have entered into various agreements regarding our unused office and technical space to reduce our ongoing operating expenses regarding such space.
+Added: LEGAL PROCEEDINGS
+Added: The information contained under the subheadings "Principal Proceedings" and "Other Proceedings, Disputes and Contingencies" in Note 17 — Commitments, Contingencies and Other Items in Item 8 is incorporated herein by reference.
+Added: MINE SAFETY DISCLOSURES
+Added: Not applicable.
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.