Our equipment installment and WarnerMedia programs are discussed in detail below. The following table sets forth a

summary of the receivables and accounts being serviced at December 31:

2019

2018

Equipment

Equipment

Installment

WarnerMedia

Installment

WarnerMedia

Gross receivables:

$

4,576

$

3,324

$

5,994

$

-

Balance sheet classification

Accounts receivable

Notes receivable

2,467

-

3,457

-

Trade receivables

477

2,809

438

-

Other Assets

Noncurrent notes and trade receivables

1,632

515

2,099

-

Outstanding portfolio of receivables derecognized from

our consolidated balance sheets

9,713

4,300

9,065

-

Cash proceeds received, net of remittances¹

7,211

4,300

6,508

-

¹

Represents amounts to which financial institutions remain entitled, excluding the deferred purchase price.

The following table sets forth a summary of equipment installment receivables sold:

2019

2018

2017

Gross receivables sold

$

9,921

$

9,391

$

8,058

Net receivables sold¹

9,483

8,871

7,388

Cash proceeds received

8,189

7,488

5,623

Deferred purchase price recorded

1,451

1,578

2,077

Guarantee obligation recorded

341

361

215

¹

Receivables net of allowance, imputed interest and equipment trade-in right guarantees.

The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange

for the associated deferred purchase price:

2019

2018

2017

Fair value of repurchased receivables

$

1,418

$

1,480

$

1,699

Carrying value of deferred purchase price

1,350

1,393

1,524

Gain on repurchases¹

$

68

$

87

$

175

¹

These gains are included in “Selling, general and administrative” in the consolidated statements of income.