v3.25.3
Receivables and Related Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2025
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)September 30,
2025		December 31,
2024
EIP receivables, gross $7,747 $7,402 
Unamortized imputed discount(490)(524)
EIP receivables, net of unamortized imputed discount7,257 6,878 
Allowance for credit losses(342)(290)
EIP receivables, net of allowance for credit losses and imputed discount (1)
$6,915 $6,588 
Classified on our condensed consolidated balance sheets as:
Equipment installment plan receivables, net of allowance for credit losses and imputed discount$4,599 $4,379 
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount2,316 2,209 
EIP receivables, net of allowance for credit losses and imputed discount$6,915 $6,588 
(1)Through the UScellular Acquisition, we acquired EIP receivables with a fair value of $891 million as of August 1, 2025. As they were recorded at fair value, an imputed discount was not recognized on the acquired receivables.
Schedule of Equipment Installment Plan Receivables by Credit Category
The following table presents the amortized cost of our EIP receivables, including EIP receivables acquired through the UScellular Acquisition, by delinquency status, customer credit class and year of origination as of September 30, 2025:
Originated in 2025Originated in 2024Originated prior to 2024Total EIP Receivables, Net of
Unamortized Imputed Discount
(in millions)PrimeSubprimePrimeSubprimePrimeSubprimePrimeSubprimeTotal
Current - 30 days past due$3,439 $788 $2,111 $476 $258 $34 $5,808 $1,298 $7,106 
31 - 60 days past due16 21 10 14 1 1 27 36 63 
61 - 90 days past due7 14 9 11 2 1 18 26 44 
More than 90 days past due9 12 8 12 1 2 18 26 44 
EIP receivables, net of unamortized imputed discount$3,471 $835 $2,138 $513 $262 $38 $5,871 $1,386 $7,257 
Schedule of Write Offs Net of Recoveries
The following table presents write-offs of our EIP receivables by year of origination for the nine months ended September 30, 2025:
(in millions)Originated in 2025Originated in 2024Originated prior to 2024Total
Write-offs$117 $299 $56 $472 
Schedule of Unamortized Imputed Discount and Allowance for Credit Losses for Equipment Installment Plan Receivables
Activity for the nine months ended September 30, 2025 and 2024, in the allowance for credit losses and unamortized imputed discount balances for the accounts receivable and EIP receivables segments were as follows:
September 30, 2025September 30, 2024
(in millions)Accounts Receivable AllowanceEIP Receivables AllowanceTotalAccounts Receivable AllowanceEIP Receivables AllowanceTotal
Allowance for credit losses and imputed discount, beginning of period$176 $814 $990 $161 $773 $934 
Bad debt expense478 447 925 409 427 836 
Write-offs(458)(472)(930)(408)(427)(835)
Allowance for credit losses for acquired credit deteriorated receivables10 78 88 — — — 
Change in imputed discount on short-term and long-term EIP receivablesN/A100 100 N/A87 87 
Impact on the imputed discount from sales of EIP receivablesN/A(135)(135)N/A(155)(155)
Allowance for credit losses and imputed discount, end of period$206 $832 $1,038 $162 $705 $867