v3.26.1
Sales Of Receivables (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Finance Receivables
The following table sets forth a summary of cash proceeds received, net of remittances paid, from sales of receivables:
Three months ended
March 31,
20262025
Net cash received (paid) from equipment installment receivables program1
$268 $859 
Net cash received (paid) from revolving receivables program
(34)133 
Total net cash impact to cash flows from operating activities2
$234 $992 
1Cash from initial sales of $3,483 and $3,798 for the three months ended March 31, 2026 and 2025, respectively.
2Net of facility fees.
The following table sets forth a summary of the receivables and accounts being serviced:
 March 31, 2026December 31, 2025
 Equipment Equipment 
 InstallmentRevolvingInstallmentRevolving
Gross receivables:$2,961 $377 $3,725 $425 
Balance sheet classification
Accounts receivable
Notes receivable
1,532 — 1,886 — 
Trade receivables
282 377 304 425 
Other Assets
Noncurrent notes and trade receivables
1,147 — 1,535 — 
Outstanding portfolio of receivables derecognized from
our consolidated balance sheets
$12,585 $2,940 $11,987 $2,940 
Cash proceeds received, net of remittances1
9,838 2,940 9,617 2,940 
1Represents amounts to which financial institutions remain entitled, excluding the beneficial interests.
The following table sets forth a summary of equipment installment receivables sold under this program:
 Three months ended
 March 31,
 20262025
Gross receivables sold1
$3,516 $3,835 
Net receivables sold2
3,355 3,688 
Cash proceeds received3,483 3,798 
Guarantee obligation recorded279 280 
1Receivables net of promotion credits.
2Receivables net of allowance and other reserves.
The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated beneficial interests:
 Three months ended
 March 31,
 20262025
Fair value of repurchased receivables$725 $1,937 
Carrying value of beneficial interests726 1,933 
Gain (loss) on repurchases1
$(1)$4 
1These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income.
Schedule of Receivables Sold
The following table sets forth a summary of the revolving receivables sold:
 Three months ended
 March 31,
 20262025
Gross receivables sold/cash proceeds received1
$7,501 $7,343 
Total collections under revolving agreement
7,501 7,173 
Net cash proceeds received
$— $170 
Net receivables sold2
$7,294 $7,142 
1Includes initial sales of receivables of $0 and $170 for the three months ended March 31, 2026 and 2025, respectively.
2Receivables net of allowance and other reserves.