“We expect total 2026 capital expenditures to reach $11,400,000,000”

In context

“enefit of political advertising that we expect in the 2026. Turning to net income, we generated $1,300,000,000 of net income attributable to Charter shareholders in the fourth quarter. Compared to $1,500,000,000 in the prior year period. Given lower adjusted EBITDA and higher income tax expense. Turning to Slide 12. Fourth quarter capital expenditures totaled $3,300,000,000 $273,000,000 higher than last year's fourth quarter primarily due to two multiyear software agreements that were accrued in the quarter and higher network evolution spend, which lands in upgrade rebuild spend, 2025 capital expenditures totaled $11,660,000,000 slightly above our recent expectation for $11,500,000,000 given the new software agreements I just mentioned. Which will drive other benefits across the business. We expect total 2026 capital expenditures to reach $11,400,000,000 On Slide 13, we have provided our current expectations for capital at spending through the year 2029. And now now including line extension spending associated with the Bead program. Which totals about $230,000,000 and is mostly in 2027-2029. For the years 2025 through 2028, the outlook you see on Slide 13 is in line with what we have provided in January 2025. With the inclusion of Bead, some modified timing across years, and slight changes across categories. As I mentioned, we have added 2029 to our outlook and expect it to exhibit about the same amount of spend as we expected for 2028. Looking beyond 2026, we expect total capital spending in dollar terms to be on a meaningful downward trajectory. And after our evolution and expansion capital initiatives conclude, our run rate capital exp”