Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

N/A

CROWN CASTLE INC. AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021

(In millions of dollars)


			Additions		Deductions
	Balance at Beginning of Year		Charged to Operations		Written Off		Balance at End of Year
Allowance for Credit Losses:
2023	$	19	$	11	$	(11)	$	19
2022	$	17	$	8	$	(6)	$	19
2021	$	17	$	5	$	(5)	$	17


			Additions		Deductions
	Balance at Beginning of Year		Charged to Operations		Credited to Operations		Balance at End of Year
Deferred Tax Valuation Allowance:
2023	$	2	$	—	$	—	$	2
2022	$	—	$	2	$	—	$	2
2021	$	—	$	—	$	—	$	—

CROWN CASTLE INC. AND SUBSIDIARIES

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION

YEARS ENDED DECEMBER 31, 2023 AND 2022

(In millions of dollars)


Description			Encumbrances						Initial Cost to Company			Cost Capitalized Subsequent to Acquisition			Gross Amount Carried at Close of Current Period			Accumulated Depreciation at Close of Current Period			Date of Construction			Date Acquired			Life on Which Depreciation in Latest Income Statement is Computed
Communications infrastructure(a)			$	1,760		(b)			(c)			(c)			$	29,383		$	(13,817)		Various			Various			Up to 20 years

(a)Includes (1) more than 40,000 towers, (2) approximately 115,000 small cells on air or under contract and (3) approximately 90,000 route miles of fiber. No single asset exceeds 5% of the aggregate gross amounts at which the assets were carried at the close of the period set forth in the table above.

(b)Encumbrances are reported at face value, without contemplating the effect of deferred financing costs, discounts or premiums. Certain of the Company's debt is secured by (1) a security interest in substantially all of the applicable issuers' assignable personal property, (2) a pledge of the equity interests in each applicable issuer and (3) a security interest in the applicable issuers' leases with tenants to lease tower space (space licenses).

(c)The Company has omitted this information, as it would be impracticable to compile such information on an asset-by-asset basis.


	2023		2022

Gross amount at beginning	$	27,936	$	26,679
Additions during period:
Acquisitions through foreclosure	—		—
Other acquisitions(a)	50		32
Communications infrastructure construction and improvements	1,254		1,138
Purchase of land interests	64		53
Sustaining capital expenditures	52		52
Other(b)	105		127
Total additions	1,525		1,402
Deductions during period:
Cost of real estate sold or disposed	(78)		(145)
Other	—		—
Total deductions	(78)		(145)
Balance at end	$	29,383	$	27,936

(a)Includes acquisitions of communications infrastructure.

(b)Predominately relates to (1) the purchase of property and equipment under finance leases and installment land purchases, (2) asset retirement obligations and (3) capitalized stock-based compensation.


	2023		2022
Gross amount of accumulated depreciation at beginning	$	(12,649)	$	(11,582)
Additions during period:
Depreciation	(1,222)		(1,181)
Total additions	(1,222)		(1,181)
Deductions during period:
Amount for assets sold or disposed	38		105
Other	16		9
Total deductions	54		114
Balance at end	$	(13,817)	$	(12,649)

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this 2023 Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, on this 23rd day of February, 2024.



CROWN CASTLE INC.

By:						/s/ DANIEL K. SCHLANGER
						Daniel K. Schlanger Executive Vice President and Chief Financial Officer

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Anthony J. Melone and Edward B. Adams, Jr. and each of them, as his or her true and lawful attorneys-in-fact and agents with full power of substitution and re-substitution for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all documents relating to the 2023 Form 10-K, including any and all amendments and supplements thereto, for the year ended December 31, 2023 and to file the same with all exhibits thereto and other documents in connection therewith with the Securities and Exchange Commission granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully as to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or their substitute or substitutes may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, this 2023 Form 10-K has been signed below by the following persons on behalf of the Registrant and in the capacities indicated below on this 23rd day of February, 2024.


Name						Title

/s/ ANTHONY J. MELONE						Interim President and Chief Executive Officer, and Director
Anthony J. Melone						(Principal Executive Officer)

/s/ DANIEL K. SCHLANGER						Executive Vice President and Chief Financial Officer
Daniel K. Schlanger						(Principal Financial Officer)

/s/ ROBERT S. COLLINS						Vice President and Controller
Robert S. Collins						(Principal Accounting Officer)

/s/ P. ROBERT BARTOLO						Chair of the Board of Directors
P. Robert Bartolo

/s/ CINDY CHRISTY						Director
Cindy Christy

/s/ ARI Q. FITZGERALD						Director
Ari Q. Fitzgerald

/s/ JASON GENRICH						Director
Jason Genrich

/s/ ANDREA J. GOLDSMITH						Director
Andrea J. Goldsmith

/s/ TAMMY K. JONES						Director
Tammy K. Jones

/s/ KEVIN T. KABAT						Director
Kevin T. Kabat

/s/ SUNIT PATEL						Director
Sunit Patel

/s/ BRADLEY E. SINGER						Director
Bradley E. Singer

/s/ KEVIN A. STEPHENS						Director
Kevin A. Stephens

/s/ MATTHEW THORNTON III						Director
Matthew Thornton III

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