18 Contract liabilities
The carrying amount of current and non-current contract liabilities increased year-on-year by EUR 0.2 billion to EUR 3.6 billion. These substantially include deferred revenues. In the United States operating segment, contract liabilities increased by EUR 0.2 billion, mainly in due to effects of changes in the composition of the Group in connection with the UScellular Acquisition. By contrast, exchange rate effects, primarily from the translation from U.S. dollars into euros, decreased the carrying amount. In the Germany operating segment, the carrying amounts decreased by EUR 0.1 billion year-on-year.
Revenue of EUR 2,182 million (January 1, 2024: EUR 1,754 million) from contract liabilities that were still outstanding as of January 1, 2025 was realized in the reporting year. The figure for 2024 has been adjusted retrospectively. Of the total of contract liabilities, EUR 2,572 million (December 31, 2024: EUR 2,378 million) is due within one year.
For further information on the UScellular Acquisition, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”