v3.24.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt Balances and Activity
Debt was as follows:
(in millions)December 31,
2023
December 31,
2022
7.875% Senior Notes due 2023
$— $4,250 
7.125% Senior Notes due 2024
2,500 2,500 
3.500% Senior Notes due 2025
3,000 3,000 
4.738% Series 2018-1 A-1 Notes due 2025
656 1,181 
7.625% Senior Notes due 2025
1,500 1,500 
1.500% Senior Notes due 2026
1,000 1,000 
2.250% Senior Notes due 2026
1,800 1,800 
2.625% Senior Notes due 2026
1,200 1,200 
7.625% Senior Notes due 2026
1,500 1,500 
3.750% Senior Notes due 2027
4,000 4,000 
5.375% Senior Notes due 2027
500 500 
2.050% Senior Notes due 2028
1,750 1,750 
4.750% Senior Notes due 2028
1,500 1,500 
4.750% Senior Notes to affiliates due 2028
1,500 1,500 
4.800% Senior Notes due 2028
900 — 
4.910% Class A Senior ABS Notes due 2028
750 750 
4.950% Senior Notes due 2028
1,000 — 
5.152% Series 2018-1 A-2 Notes due 2028
1,562 1,838 
6.875% Senior Notes due 2028
2,475 2,475 
2.400% Senior Notes due 2029
500 500 
2.625% Senior Notes due 2029
1,000 1,000 
3.375% Senior Notes due 2029
2,350 2,350 
3.875% Senior Notes due 2030
7,000 7,000 
2.250% Senior Notes due 2031
1,000 1,000 
2.550% Senior Notes due 2031
2,500 2,500 
2.875% Senior Notes due 2031
1,000 1,000 
3.500% Senior Notes due 2031
2,450 2,450 
2.700% Senior Notes due 2032
1,000 1,000 
8.750% Senior Notes due 2032
2,000 2,000 
5.050% Senior Notes due 2033
2,600 — 
5.200% Senior Notes due 2033
1,250 1,250 
5.750% Senior Notes due 2034
1,000 — 
4.375% Senior Notes due 2040
2,000 2,000 
3.000% Senior Notes due 2041
2,500 2,500 
4.500% Senior Notes due 2050
3,000 3,000 
3.300% Senior Notes due 2051
3,000 3,000 
3.400% Senior Notes due 2052
2,800 2,800 
5.650% Senior Notes due 2053
1,750 1,000 
5.750% Senior Notes due 2054
1,250 — 
6.000% Senior Notes due 2054
1,000 — 
3.600% Senior Notes due 2060
1,700 1,700 
5.800% Senior Notes due 2062
750 750 
Other debt— 20 
Unamortized premium on debt to third parties1,011 1,335 
Unamortized discount on debt to third parties(223)(199)
Debt issuance costs and consent fees(263)(240)
Total debt75,018 71,960 
Less: Current portion of Senior Notes to affiliates— — 
Less: Current portion of Senior Notes and other debt to third parties3,619 5,164 
Total long-term debt$71,399 $66,796 
Classified on the consolidated balance sheets as:
Long-term debt$69,903 $65,301 
Long-term debt to affiliates1,496 1,495 
Total long-term debt$71,399 $66,796 
During the year ended December 31, 2023, we issued the following Senior Notes:
(in millions)Principal IssuancesPremiums/Discounts and Issuance CostsNet Proceeds from Issuance of Long-Term DebtIssue Date
4.950% Senior Notes due 2028
$1,000 $(6)$994 February 9, 2023
5.050% Senior Notes due 2033
1,250 (9)1,241 February 9, 2023
5.650% Senior Notes due 2053
750 26 776 February 9, 2023
4.800% Senior Notes due 2028
900 (5)895 May 11, 2023
5.050% Senior Notes due 2033
1,350 (28)1,322 May 11, 2023
5.750% Senior Notes due 2054
1,250 (16)1,234 May 11, 2023
5.750% Senior Notes due 2034
1,000 (6)994 September 14, 2023
6.000% Senior Notes due 2054
1,000 (10)990 September 14, 2023
Total of Senior Notes issued$8,500 $(54)$8,446 
Schedule of Debt Instrument Redemption and Repayments
During the year ended December 31, 2023, we made the following note redemption and repayments:
(in millions)Principal AmountRedemption or Repayment Date
7.875% Senior Notes due 2023
$4,250 September 15, 2023
Total Redemptions$4,250 
4.738% Secured Series 2018-1 A-1 Notes due 2025
$525 Various
5.152% Series 2018-1 A-2 Notes due 2028
276 Various
Total Repayments$801 
Schedule of Maturities of ABS Notes
The expected maturities of our ABS Notes are as follows:
Expected Maturities
(in millions)20242025
4.910% Class A Senior ABS Notes due 2028
$198 $552 
Schedule of Variable Interest Entities
The following table summarizes the carrying amounts and classification of assets, which consist primarily of the deferred purchase price, and liabilities included on our Consolidated Balance Sheets with respect to the Service BRE:
(in millions)December 31,
2023
December 31,
2022
Other current assets$209 $214 
Other current liabilities373 389 
The following table summarizes the carrying amounts and classification of assets and liabilities included in our Consolidated Balance Sheets with respect to the ABS Entities:
(in millions)December 31,
2023
December 31,
2022
Assets
Equipment installment plan receivables, net$739 $652 
Equipment installment plan receivables due after one year, net168 281 
Other current assets101 73 
Liabilities
Accounts payable and accrued liabilities
Short-term debt198 — 
Long-term debt550 746