7 Property, plant and equipment

The carrying amount of property, plant and equipment decreased by EUR 0.7 billion compared to December 31, 2022 to EUR 65.0 billion. Depreciation and impairment losses of EUR 12.0 billion reduced the carrying amount. This includes impairment losses of EUR 0.1 billion. Exchange rate effects, primarily from the translation of U.S. dollars into euros, also decreased the carrying amount by EUR 1.0 billion. Disposals of EUR 0.3 billion, as well as the reclassification of assets worth EUR 0.1 billion to non-current assets and disposal groups held for sale also reduced the carrying amount. By contrast, additions, primarily for the upgrade and build-out of the network (broadband, fiber-optic, and mobile infrastructure build-out) increased the carrying amount by EUR 12.2 billion. Reclassifications of lease assets – primarily in the United States operating segment for network technology – to property, plant and equipment upon expiry of the contractual lease term increased the carrying amount by EUR 0.5 billion.

For further information on depreciation, amortization and impairment losses, please refer to Notes 6 “Intangible assetsIntangible assets” and 27 “Depreciation, amortization and impairment losses.”

Deutsche Telekom had commitments for the acquisition of property, plant and equipment in the amount of EUR 5.3 billion as of the reporting date (December 31, 2022: EUR 6.8 billion). These commitments mainly relate to the Germany, United States, and Europe operating segments. Restoration obligations of EUR 0.4 billion were recognized as of December 31, 2023 (December 31, 2022: EUR 0.5 billion), mainly attributable to restoration obligations of T‑Mobile US.

For further information, please refer to Note 42 “Other financial obligations.”