v3.24.4
Receivables and Related Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 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)December 31,
2024		December 31,
2023
EIP receivables, gross$7,402 $7,271 
Unamortized imputed discount(524)(505)
EIP receivables, net of unamortized imputed discount6,878 6,766 
Allowance for credit losses(290)(268)
EIP receivables, net of allowance for credit losses and imputed discount$6,588 $6,498 
Classified on our consolidated balance sheets as:
Equipment installment plan receivables, net of allowance for credit losses and imputed discount$4,379 $4,456 
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount2,209 2,042 
EIP receivables, net of allowance for credit losses and imputed discount$6,588 $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 December 31, 2024:
Originated in 2024Originated in 2023Originated prior to 2023Total EIP Receivables, Net of
Unamortized Imputed Discount
(in millions)PrimeSubprimePrimeSubprimePrimeSubprimePrimeSubprimeTotal
Current - 30 days past due$4,213 $1,109 $1,118 $283 $18 $6 $5,349 $1,398 $6,747 
31 - 60 days past due15 27 6 7 — — 21 34 55 
61 - 90 days past due9 19 4 6 — — 13 25 38 
More than 90 days past due7 17 5 7 1 1 13 25 38 
EIP receivables, net of unamortized imputed discount$4,244 $1,172 $1,133 $303 $19 $7 $5,396 $1,482 $6,878 
Schedule of Write Offs Net of Recoveries
The following table presents write-offs of our EIP receivables by year of origination for the year ended December 31, 2024:
(in millions)Originated in 2024Originated in 2023Originated prior to 2023Total
Write-offs$201 $309 $68 $578 
Schedule of Unamortized Imputed Discount and Allowance for Credit Losses for Equipment Installment Plan Receivables
Activity for the years ended December 31, 2024, 2023 and 2022, in the allowance for credit losses and unamortized imputed discount balances for the accounts receivable and EIP receivables segments were as follows:
December 31, 2024December 31, 2023December 31, 2022
(in millions)Accounts Receivable AllowanceEIP Receivables AllowanceTotalAccounts Receivable AllowanceEIP Receivables AllowanceTotalAccounts Receivable AllowanceEIP Receivables AllowanceTotal
Allowance for credit losses and imputed discount, beginning of period$161 $773 $934 $167 $811 $978 $146 $630 $776 
Bad debt expense592 600 1,192 440 458 898 433 593 1,026 
Write-offs(577)(578)(1,155)(446)(518)(964)(412)(518)(930)
Change in imputed discount on short-term and long-term EIP receivablesN/A199 199 N/A220 220 N/A262 262 
Impact on the imputed discount from sales of EIP receivablesN/A(180)(180)N/A(198)(198)N/A(156)(156)
Allowance for credit losses and imputed discount, end of period$176 $814 $990 $161 $773 $934 $167 $811 $978