v3.24.2
Receivables and Related Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Equipment Installment Plan Receivables
The following table summarizes the EIP receivables, including imputed discounts and related allowance for credit losses:
(in millions)June 30,
2024		December 31,
2023
EIP receivables, gross$6,275 $7,271 
Unamortized imputed discount(451)(505)
EIP receivables, net of unamortized imputed discount5,824 6,766 
Allowance for credit losses(268)(268)
EIP receivables, net of allowance for credit losses and imputed discount$5,556 $6,498 
Classified on our condensed consolidated balance sheets as:
Equipment installment plan receivables, net of allowance for credit losses and imputed discount$3,776 $4,456 
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount1,780 2,042 
EIP receivables, net of allowance for credit losses and imputed discount$5,556 $6,498 
Schedule of Equipment Installment Plan Receivables by Credit Category
The following table presents the amortized cost of our EIP receivables by delinquency status, customer credit class and year of origination as of June 30, 2024:
Originated in 2024Originated in 2023Originated prior to 2023Total EIP Receivables, Net of
Unamortized Imputed Discount
(in millions)PrimeSubprimePrimeSubprimePrimeSubprimePrimeSubprimeTotal
Current - 30 days past due$2,093 $612 $2,076 $539 $297 $94 $4,466 $1,245 $5,711 
31 - 60 days past due7 14 8 13 2 2 17 29 46 
61 - 90 days past due4 8 7 12 2 2 13 22 35 
More than 90 days past due2 4 8 14 2 2 12 20 32 
EIP receivables, net of unamortized imputed discount$2,106 $638 $2,099 $578 $303 $100 $4,508 $1,316 $5,824 
Schedule of Write Offs Net of Recoveries
The following table presents write-offs of our EIP receivables by year of origination for the six months ended June 30, 2024:
(in millions)Originated in 2024Originated in 2023Originated prior to 2023Total Write-offs
Write-offs$30 $200 $53 $283 
Schedule of Unamortized Imputed Discount and Allowance for Credit Losses for Equipment Installment Plan Receivables
Activity for the six months ended June 30, 2024 and 2023, in the allowance for credit losses and unamortized imputed discount balances for the accounts receivable and EIP receivables segments were as follows:
June 30, 2024June 30, 2023
(in millions)Accounts Receivable AllowanceEIP Receivables AllowanceTotalAccounts Receivable AllowanceEIP Receivables AllowanceTotal
Allowance for credit losses and imputed discount, beginning of period$161 $773 $934 $167 $811 $978 
Bad debt expense254 283 537 205 230 435 
Write-offs(255)(283)(538)(221)(255)(476)
Change in imputed discount on short-term and long-term EIP receivablesN/A45 45 N/A75 75 
Impact on the imputed discount from sales of EIP receivablesN/A(99)(99)N/A(107)(107)
Allowance for credit losses and imputed discount, end of period$160 $719 $879 $151 $754 $905