A Dark Vector Cognition product

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, 2025, 2024 AND 2023

(In millions of dollars)

AdditionsDeductions
Balance at Beginning of YearCharged to OperationsWritten OffBalance at End of Year
Allowance for Credit Losses:
2025$9$4$(4)$9
2024$8$5$(4)$9
2023$12$4$(8)$8
AdditionsDeductions
Balance at Beginning of YearCharged to OperationsCredited to OperationsBalance at End of Year
Deferred Tax Valuation Allowance:
2025$3$—$—$3
2024$2$1$—$3
2023$2$—$—$2

CROWN CASTLE INC. AND SUBSIDIARIES

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION

YEARS ENDED DECEMBER 31, 2025, 2024 and 2023

(In millions of dollars)

DescriptionEncumbrancesInitial Cost to CompanyCost Capitalized Subsequent to AcquisitionGross Amount Carried at Close of Current PeriodAccumulated Depreciation at Close of Current PeriodDate of ConstructionDate AcquiredLife on Which Depreciation in Latest Income Statement is Computed
Communications infrastructure(a)$1,063(b)(c)(c)$31,586$(15,604)VariousVariousUp to 20 years

(a)Includes (1) more than 40,000 towers, (2) approximately 105,000 small cell nodes either currently generating revenue 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.

202520242023
Gross amount at beginning$30,474$29,383$27,936
Additions during period:
Acquisitions through foreclosure———
Other acquisitions(a)—1050
Communications infrastructure construction and improvements1,0081,0631,254
Purchase of land interests775864
Sustaining capital expenditures515952
Other(b)6178105
Total additions1,1971,2681,525
Deductions during period:
Cost of real estate sold or disposed(85)(177)(78)
Other———
Total deductions(85)(177)(78)
Balance at end$31,586$30,474$29,383
Amounts related to discontinued operations$15,054$14,032$13,099

(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.

202520242023
Gross amount of accumulated depreciation at beginning$(15,049)$(13,817)$(12,649)
Additions during period:
Depreciation(609)(1,257)(1,222)
Total additions(609)(1,257)(1,222)
Deductions during period:
Amount for assets sold or disposed492238
Other5316
Total deductions542554
Balance at end$(15,604)$(15,049)$(13,817)
Amounts related to discontinued operations$(5,240)$(5,093)$(4,307)

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 2025 Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, on this 23rd day of February, 2026.

CROWN CASTLE INC.
By:/s/ SUNIT S. PATEL
Sunit S. Patel 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 Christian H. Hillabrant 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 2025 Form 10-K, including any and all amendments and supplements thereto, for the year ended December 31, 2025 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 2025 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, 2026.

NameTitle
/s/ CHRISTIAN H. HILLABRANTPresident, Chief Executive Officer and Director
Christian H. Hillabrant(Principal Executive Officer)
/s/ SUNIT S. PATELExecutive Vice President and Chief Financial Officer
Sunit S. Patel(Principal Financial Officer)
/s/ ROBERT S. COLLINSVice President and Controller
Robert S. Collins(Principal Accounting Officer)
/s/ P. ROBERT BARTOLOChair of the Board of Directors
P. Robert Bartolo
/s/ JASON GENRICHDirector
Jason Genrich
/s/ ANDREA J. GOLDSMITHDirector
Andrea J. Goldsmith
/s/ TAMMY K. JONESDirector
Tammy K. Jones
/s/ KEVIN T. KABATDirector
Kevin T. Kabat
/s/ ANTHONY J. MELONEDirector
Anthony J. Melone
/s/ KATHERINE MOTLAGHDirector
Katherine Motlagh
/s/ KEVIN A. STEPHENSDirector
Kevin A. Stephens
/s/ MATTHEW THORNTON IIIDirector
Matthew Thornton III

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