Sales of Certain Receivables (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Variable Interest Entities - EIP

The following table summarizes the carrying amounts and classification of liabilities, which consist of the recourse guarantee, included on our Condensed Consolidated Balance Sheets with respect to the EIP BRE:


(in millions)	March 31, 2025	December 31, 2024


Other current liabilities	97	81
Other long-term liabilities	14	32

Schedule of Variable Interest Entities

The following table summarizes the carrying amounts and classification of liabilities included on our Condensed Consolidated Balance Sheets with respect to the Service BRE:


(in millions)	March 31, 2025	December 31, 2024


Other current liabilities	359	328

The following table summarizes the carrying amounts and classification of assets and liabilities included in our Condensed Consolidated Balance Sheets with respect to the ABS Entities:


(in millions)	March 31, 2025		December 31, 2024

Assets
Equipment installment plan receivables, net	$	1,714	$	1,472
Equipment installment plan receivables due after one year, net	526		352
Other current assets	247		151
Liabilities
Accounts payable and accrued liabilities	$	4	$	2
Short-term debt	427		570
Long-term debt	1,425		996

Schedule of Factoring Arrangement

The following table summarizes the impact of the sales of certain service receivables and EIP receivables on our Condensed Consolidated Balance Sheets:


(in millions)	March 31, 2025		December 31, 2024
Derecognized net service accounts receivable and EIP receivables	$	1,581	$	1,616





Other current liabilities	456		409
of which, recourse guarantee	126		116
Other long-term liabilities	14		32
of which, recourse guarantee	14		32
Net cash proceeds since inception	1,442		1,468
Of which:
Change in net cash proceeds during the year-to-date period	(26)		(115)
Net cash proceeds funded by reinvested collections	1,468		1,583

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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