v3.25.3
Combined Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash and cash equivalents $ 124 $ 74 $ 79
Trade and other receivables, net 136 184 169
Prepaid and other current assets   61 66
Total current assets 405 319 314
Property and equipment, net (note 2) 1,209 1,150 1,053
Goodwill 638 746 746
Total Intangible assets not subject to amortization 812 1,337 1,336
Intangible assets subject to amortization, net (note 4) 380 411 461
Other assets, net 205 165 167
Total assets 3,011 3,382 3,331
Current liabilities:      
Accounts payable and accrued liabilities 125 110 82
Deferred revenue 23 21 30
Current portion of debt (note 5) 4 3 3
Other current liabilities 59 58 55
Total current liabilities 302 192 170
Long-term debt, net (note 5) 981 1,066 1,018
Obligations under tower obligations and finance leases, excluding current portion (note 6) 69 72 83
Long-term deferred revenue 130 113 65
Deferred income tax liabilities (note 7)   359 349
Other liabilities 139 151 143
Total liabilities 1,621 1,953 1,828
Redeemable noncontrolling interest in equity of subsidiary (note 8) 18 15 20
Member's equity:      
Member's investment   1,777 1,766
Retained earnings (deficit) (688) (363) (283)
Total equity 1,372 1,414 1,483
Commitments and contingencies (note 11)
Total liabilities and equity 3,011 3,382  
Cable certificates      
Current assets:      
Indefinite lived intangible assets (excluding goodwill) 149 550 550
Member's equity:      
Total liabilities and equity   3,382 3,331
Other      
Current assets:      
Indefinite lived intangible assets (excluding goodwill) $ 25 $ 41 $ 40